Agree Realty (ADC) Reports Q2 FFO of $0.67

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Go back to Agree Realty (ADC) Reports Q2 FFO of $0.67

Agree Realty Corporation Reports Second Quarter 2017 Results

July 24, 2017 4:01 PM EDT

BLOOMFIELD HILLS, Mich., July 24, 2017 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended June 30, 2017.  All per share amounts included herein are on a diluted per common share basis unless otherwise stated.

Second Quarter 2017 Financial and Operating Highlights:

Invested $139.2 million in 37 retail net lease properties Commenced three development and Partner Capital Solutions ("PCS") projects Raised approximately $108.0 million in net proceeds from the issuance of 2.4 million common shares Increased rental revenue 26.3% to $25.2 million Net Income per share... More