Agree Realty (ADC) Reports In-Line Q4 FFO

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Agree Realty Corporation Reports Fourth Quarter And Full Year 2015 Results

March 3, 2016 4:01 PM EST

BLOOMFIELD HILLS, Mich., March 3, 2016 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter and full year ended December 31, 2015. All per share amounts included herein are on a diluted per common share basis unless otherwise stated.

2015 Full Year Financial and Operating Highlights:

Increased Funds from Operations ("FFO") per share 10.0% to $2.39 Increased FFO 32.2% to $44.1 million Increased Adjusted Funds from Operations ("AFFO") per share 7.5% to $2.38 Increased AFFO 29.2% to $43.9 million Increased rental revenue 30.1% to $64.5 million Invested in 74 retail net lease... More