Agree Realty (ADC) Reports In-Line Q2 AFFO

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Agree Realty Corporation Reports Second Quarter 2016 Results

July 25, 2016 4:01 PM EDT

BLOOMFIELD HILLS, Mich., July 25, 2016 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended June 30, 2016.  All per share amounts included herein are on a diluted per common share basis unless otherwise stated.

Second Quarter 2016 Financial and Operating Highlights:

Raised approximately $110.1 million in net proceeds from the issuance of 2.9 million common shares Increased Net Income attributable to the Company 3.9% to $10.7 million Increased Funds from Operations ("FFO) 23.8% to $13.8 million Increased Adjusted Funds from Operations ("AFFO") 24.3% to $13.7 million Increased rental... More