Agree Realty (ADC) Reports Q4 FFO of 63c

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Go back to Agree Realty (ADC) Reports Q4 FFO of 63c

Agree Realty Corporation Reports Fourth Quarter And Full Year 2016 Results

February 23, 2017 4:01 PM EST

BLOOMFIELD HILLS, Mich., Feb. 23, 2017 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter and full year ended December 31, 2016.  All per share amounts included herein are on a diluted per common share basis unless otherwise stated.

2016 Full Year Financial and Operating Highlights:

Invested $312.1 million in 92 retail net lease properties Completed or commenced construction on 14 development or Partner Capital Solutions ("PCS") projects Increased rental revenue 30.7% to $84.2 million Net Income per share attributable to the Company decreased 9.0% to $1.97 Net Income... More