Agree Realty (ADC) Tops Q3 EPS by 10c, Slight Beat on Revenues

Agree Realty (NYSE: ADC) reported Q3 EPS of $0.48, $0.10 better than the analyst estimate of $0.38. Revenue for the quarter came in at $37.3 million versus the consensus estimate of $37.2 million.

"We are extremely pleased with our record investment activity as well as our strategic capital markets transactions executed during the quarter," said Joey Agree, President and Chief Executive Officer of Agree Realty Corporation. "Given our unique investment platforms and our well-positioned balance sheet, we are increasing our full-year acquisition guidance to a range of $425 million to $475 million. While increasing this guidance, we remain focused on the highest-quality real estate occupied by leading omni-channel retailers."

For earnings history and earnings-related data on Agree Realty (ADC) click here.

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