Agree Realty (ADC) Tops Q3 EPS by 10c, Slight Beat on Revenues

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Agree Realty Reports Third Quarter 2018 Results

October 22, 2018 4:05 PM EDT

BLOOMFIELD HILLS, Mich., Oct. 22, 2018 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended September 30, 2018.  All per share amounts included herein are on a diluted per common share basis unless otherwise stated.

Third Quarter 2018 Financial and Operating Highlights:

Invested $158.6 million in 52 retail net lease properties Increased rental revenue 23.0% to $33.6 million Net Income per share attributable to the Company increased 14.2% to $0.48 Net Income attributable to the Company increased 28.1% to $15.6 million Increased Funds from Operations ("FFO") per share 4.3% to $0.72... More