Agree Realty (ADC) Tops Q2 EPS by 2c

Agree Realty (NYSE: ADC) reported Q2 EPS of $0.62, $0.02 better than the analyst estimate of $0.60. Revenue for the quarter came in at $16.1 million versus the consensus estimate of $16.9 million.

"I am extremely pleased with the Company's strong performance during the quarter," said Joey Agree, President and Chief Executive Officer. "We delivered record earnings growth while continuing to execute on unique real estate investment opportunities that complement our best-in-class net lease portfolio. Our three external growth platforms, in conjunction with our active asset management strategy, continue to optimize long-term value for our shareholders. We are confident that our distinct approach to retail net lease real estate produces superior investment opportunities and look forward to building on our success during the second half of the year."

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

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