Agree Realty (ADC) Continues to Build Portfolio Following 3Q Results; Compass Point Reiterates Buy
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Agree Realty Corporation Reports Operating Results For The Third Quarter 2015
October 26, 2015 4:01 PM EDTBLOOMFIELD 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