Agree Realty (ADC) Tops Q2 EPS by 2c

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Agree Realty Corporation Reports Operating Results For The Second Quarter 2015

July 27, 2015 4:01 PM EDT

BLOOMFIELD HILLS, Mich., July 27, 2015 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended June 30, 2015.  All per share amounts included herein are on a diluted per common share basis unless otherwise stated.

Second Quarter Financial and Operating Highlights:

Increased rental revenue 35.0% to $16.1 million Increased Funds from Operations (FFO) 37.3% to $11.1 million Increased FFO per share 14.8% to $0.62 from $0.54 Increased Adjusted Funds from Operations (AFFO) 33.3% to $11.0 million Increased AFFO per share 12.7% to $0.62 from $0.55 Acquired 19 retail net lease properties for approximately... More