Agree Realty (ADC) Tops Q2 EPS by 3c; FFO of $0.71

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Go back to Agree Realty (ADC) Tops Q2 EPS by 3c; FFO of $0.71

Agree Realty Reports Second Quarter 2018 Results And Provides Mid-Year Update

July 23, 2018 4:05 PM EDT

BLOOMFIELD HILLS, Mich., July 23, 2018 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended June 30, 2018.  All per share amounts included herein are on a diluted per common share basis unless otherwise stated.

Second Quarter 2018 Financial and Operating Highlights:

Invested $104.3 million in 29 retail net lease properties Increased rental revenue 27.7% to $32.1 million Net Income per share attributable to the Company decreased 26.9% to $0.41 Net Income attributable to the Company decreased 13.1% to $12.9 million Increased Funds from Operations ("FFO") per share 5.6% to $0.71... More