Agree Realty (ADC) Misses Q3 EPS by 1c

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Agree Realty Corporation Reports Operating Results For The Third Quarter 2015

October 26, 2015 4:01 PM EDT

BLOOMFIELD HILLS, Mich., Oct. 26, 2015 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended September 30, 2015.  All per share amounts included herein are on a diluted per common share basis unless otherwise stated.

Third Quarter Financial and Operating Highlights:

Increased rental revenue 32.8% to $16.7 million Increased Funds from Operations (FFO) 35.1% to $11.2 million Increased FFO per share 10.9% to $0.61 from $0.55 Increased Adjusted Funds from Operations (AFFO) 31.8% to $11.1 million Increased AFFO per share 7.1% to $0.60 from $0.56 Acquired 15 retail net lease properties for... More