Agree Realty Corporation

ADC

US0084921008

Commercial REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
57.77 ^USD	-0.48%		+2.14%	-8.23%

Apr. 24	Transcript : Agree Realty Corporation, Q1 2024 Earnings Call, Apr 24, 2024
Apr. 23	Agree Realty Q1 Adjusted FFO, Revenue Rise; 2024 AFFO Outlook Set	MT

Agree Realty Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

February 13, 2024 at 04:05 pm EST

Agree Realty Corporation reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 144.14 million compared to USD 116.5 million a year ago. Revenue was USD 144.17 million compared to USD 116.53 million a year ago.

Net income was USD 45.96 million compared to USD 40.93 million a year ago. Basic earnings per share from continuing operations was USD 0.44 compared to USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.44 compared to USD 0.44 a year ago.

Latest news about Agree Realty Corporation

Transcript : Agree Realty Corporation, Q1 2024 Earnings Call, Apr 24, 2024	Apr. 24
Agree Realty Q1 Adjusted FFO, Revenue Rise; 2024 AFFO Outlook Set	Apr. 23	MT
Earnings Flash (ADC) AGREE REALTY CORPORATION Reports Q1 Revenue $149.5M	Apr. 23	MT
Agree Realty Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 23	CI
Agree Realty Ups Monthly Dividend to $0.25 a Share, Payable May 14 to Stockholders of Record April 30	Apr. 08	MT
Agree Realty Corporation Declares Increased Common Dividend for the Month of April 2024, Payable May 14, 2024	Apr. 08	CI
Agree Realty Keeps Monthly Dividend at $0.247 a Share, Payable April 12 to Holders of Record March 28	Mar. 12	MT
Agree Realty Declares Monthly Common Dividend, Payable on April 12, 2024	Mar. 12	CI
Mizuho Adjusts Price Target on Agree Realty to $60 From $65, Maintains Neutral Rating	Mar. 07	MT
Agree Realty Insider Bought Shares Worth $888,000, According to a Recent SEC Filing	Mar. 01	MT
Truist Securities Adjusts Price Target on Agree Realty to $68 From $70, Keeps Buy Rating	Feb. 27	MT
Agree Realty Insider Bought Shares Worth $1,140,823, According to a Recent SEC Filing	Feb. 22	MT
Agree Realty Insider Bought Shares Worth $1,164,510, According to a Recent SEC Filing	Feb. 20	MT
RBC Lowers Price Target on Agree Realty to $63 From $67, Trims Estimates on Higher Cost of Capital; Keeps Outperform Rating	Feb. 15	MT
Stifel Adjusts Price Target on Agree Realty to $69.50 From $70, Maintains Buy Rating	Feb. 14	MT
Transcript : Agree Realty Corporation, Q4 2023 Earnings Call, Feb 14, 2024	Feb. 14
Agree Realty Q4 Adjusted FFO, Revenue Increase	Feb. 13	MT
Earnings Flash (ADC) AGREE REALTY CORPORATION Reports Q4 Revenue $144.2M	Feb. 13	MT
Agree Realty Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 13	CI
Agree Realty Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 13	CI
BMO Capital Initiates Agree Realty With Outperform Rating, $69 Price Target	Feb. 13	MT
Agree Realty Corporation Declares Monthly Cash Dividend, Payable on March 14, 2024	Feb. 08	CI
North American Morning Briefing : Stock Futures -2-	Jan. 23	DJ
JMP Securities Upgrades Agree Realty to Market Outperform From Market Perform, Price Target is $71	Jan. 22	MT
Agree Realty Keeps Monthly Dividend at $0.247 a Share, Payable Feb. 14 to Shareholders as of Jan. 31	Jan. 11	MT

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Company Profile

Agree Realty Corporation is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties net-leased to tenants. The Company's assets are held by, and all of its operations are conducted through, directly or indirectly, the operating partnership, of which the Company is the sole general partner. Its portfolio consists of over 2,135 properties located in 49 states and totaling approximately 44.2 million square feet of gross leasable area (GLA). Its portfolio of properties is located in Texas, Ohio, Florida, Michigan, Illinois, North Carolina, New Jersey, Pennsylvania, California, New York, Georgia, Virginia, Connecticut, Wisconsin and others. Its tenants include Walmart, Dollar General, Tractor Supply, Best Buy, Dollar Tree, TJX Companies, O'Reilly Auto Parts, CVS, Kroger, Lowe's, Hobby Lobby, Burlington, Sherwin-Williams, Sunbelt Rentals, Wawa, Home Depot, TBC Corporation, Gerber Collision, and others.

Sector

Commercial REITs

Calendar

2024-04-28 - Ex-dividend day

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Ratings for Agree Realty Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

57.77 USD

Average target price

65.91 USD

Spread / Average Target

+14.08%

Consensus

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