Agree Realty (ADC) Tops Q1 EPS by 12c; FFO Up 9% to $0.71/Share

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Go back to Agree Realty (ADC) Tops Q1 EPS by 12c; FFO Up 9% to $0.71/Share

Agree Realty Corporation Reports First Quarter 2018 Results

April 23, 2018 4:05 PM EDT

BLOOMFIELD HILLS, Mich., April 23, 2018 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended March 31, 2018.  All per share amounts included herein are on a diluted per common share basis unless otherwise stated.

First Quarter 2018 Financial and Operating Highlights:

Invested $102.7 million in 39 retail net lease properties Completed four development and Partner Capital Solutions ("PCS") projects Increased rental revenue 27.8% to $31.0 million Net Income per share attributable to the Company decreased 4.7% to $0.53 Net Income attributable to the Company increased 12.9% to $16.5... More