agree realty corporation

US$65.55 Market Cap US$6.1b 7D 0.1% 1Y -11.3% Updated 26 Jun, 2023 Data Company Financials + 10 Analysts ADC Stock Overview Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. Agree Realty Corporation (ADC) Price & News - Google Finance The agreement still must be approved as part of a proposed $53 billion budget, which is due . *Stats updated as of December 31, 2022, Agree Realty Corporation Reports First Quarter 2022 Results, For further information: Peter Coughenour, Chief Financial Officer, Agree Realty Corporation, (248) 737-4190, ; 5.0 times excluding unsettled forward equity, Lease Intangibles, net of accumulated amortization of $198,936 and $180,532 at, Lease intangibles, net of accumulated amortization of $31,184 and $29,726 at, Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized, 7,000, Common stock, $.0001 par value, 180,000,000 shares authorized, 75,174,580, Funds from Operations ("FFO" or "Nareit FFO"), is defined by Nareit to mean net income computed in accordance with GAAP, plus interest expense, income tax expense, depreciation and amortization, any gains (or losses) from sales of real estate assets and/or changes in control, any impairment charges on depreciable real estate assets, and after adjustments for unconsolidated partnerships and joint ventures. Walmart is expanding on its model of an automated supply chain facility for receiving, sorting and shipping freight. As of March 31, 2022, the Company owned and operated a portfolio of 1,510 properties, located in 47 states and containing approximately 31.0 million square feet of gross leasable area. and 71,285,311 shares issued and outstanding at December 31, 2022 and Consequently, scale has become more critical in the grocery industry for dominant players whose chosen demographic focuses on private label, out-the-door price and convenience as their primary metrics for conquest. Company's earnings run rate for the period presented and because it is widely followed by industry analysts, lenders and investors. Why Net Lease is Superior in an Omni-Channel World. . To participate in the conference call, please dial (866) 363-3979 approximately ten minutes before the call begins. BLOOMFIELD HILLS, Mich., Jan. 19, 2022 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it has closed on the acquisition of the building formerly occupied by Art Van Furniture at 32301 Woodward Avenue in Royal Oak, Michigan. Core FFO per share for the twelve months ended December 31, 2022 increased 8.1% to $3.87, compared to Core FFO per share of $3.58 for the comparable period in 2021. The following table presents annualized base rents for all states that represent 2.5% or greater of the Company's total annualized base rent as of December 31, 2022: Annualized Base Rent is in thousands; any differences are the result of rounding. Includes tenants generating less than 1.5% of Annualized Base Rent. December 31, 2022 and December 31, 2021, respectively, Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized, 7,000 The Company's calculation of Net Debt may not be comparable to Net Debt reported by other REITs that interpret the The forward-looking statements included in this press release are made as of the date hereof. EBITDAre The acquired properties are located in 32 states and leased to tenants operating in 20 sectors. definition differently than the Company. The Company considers the non-GAAP measure of Recurring EBITDA to be a key supplemental measure of the Company's performance and should be considered along with, but not as an alternative to, net income or loss as a measure of the Company's operating performance. *Stats updated as of December 31, 2022, Agree Realty Announces New Corporate Headquarters, State-of-the-Art Facility to Support Company's Continued Growth, For further information: Peter Coughenour, Chief Financial Officer, Agree Realty Corporation, (248) 737-4190. measure of the Company's overall liquidity, capital structure and leverage. COVID retail reckoning offers Agree Realty big opportunity, big growth Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, changes in the Company's expectations or assumptions or otherwise. Core Funds from Operations ("Core FFO") The monthly dividends reflected an annualized dividend amount of $2.724 per common share, representing a 9.7% increase over the annualized dividend amount of $2.484 per common share from the first quarter of 2021. Why Agree Realty Is My Largest Holding - Seeking Alpha The Company will host its quarterly analyst and investor conference call on Wednesday, February 15, 2023 at 9:00 AM ET. Approximately 73.2% of annualized base rents acquired were generated from investment grade retail tenants. Historical cost accounting for real estate assets in accordance with GAAP implicitly assumes that the value of real estate assets diminishes predictably over time. Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKINGRETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. FFO should not be considered an alternative to net income as the primary indicator of the Company's operating performance, or as an alternative to cash Annualized Base Rent and gross leasable area (square feet) are in thousands; any differences are the result of rounding. Agree Realty Corporation operates as a fully integrated real estate investment trust mainly focused on the ownership, acquisition, development and management of retail properties net leased to industry-leading tenants. <p>Agree Realty's largest tenants, ranked by the share of the company's annualized base rent they account for:<br/>Walmart Inc., 6.7 percent<br/>Tractor Supply Co., 3.9 percent<br/>Dollar. Remaining. As of December 31, 2022, the Company owned and operated a portfolio of 1,839 properties, located in all 48 continental states and containing approximately 38.1 million square feet of gross leasable area. In March 2022, the Company settled 1,666,668 shares and received net proceeds of approximately $107.7 million. About Us | Getty Realty EBITDAre is defined by Nareit to mean net income computed in accordance with GAAP, plus interest expense, income tax expense, depreciation and amortization, any gains (or losses) Net In the last decade, the typical owner of a single-family home acquired nearly $200,000 in appreciation. Agree Realty Announces New Corporate Headquarters The purpose of this table is to provide additional supplementary detail of Rental Income. Agree Realty Announces Common Stock Offering - Yahoo Finance The Company believes that the presentation of contractual lease income is not, and is not intended to be, a presentation in accordance with GAAP. 2 year return. For the twelve months ended December 31, 2022, the Company declared monthly dividends totaling $2.805 per common share, a 7.7% increase over the dividends of $2.604 per common share declared for the comparable period in 2021. Agree Realty Corporation: Worthy Portfolio Addition - Seeking Alpha Agree Realty Investors - SEC Filings Select the filing type and date range you wish to view from the drop-down menus below. Annualized Base Rent ("ABR") represents the annualized amount of contractual minimum rent required by tenant lease agreements as of March 31, 2022, computed on a straight-line basis. The survey focused on trending consumer habits around the world to understand and predict the ever-changing role of physical retail. All per share amounts included herein are on a diluted per common share basis unless otherwise stated. real estate assets and/or changes in control, plus real estate related depreciation and amortization and any impairment charges on depreciable real estate assets, and after adjustments for Reconciliation of Net Debt to Recurring EBITDA, Run-Rate Impact of Investment, Disposition and Leasing Activity, Amortization of above (below) market lease intangibles, net, Cash, cash equivalents and cash held in escrows, Anticipated Net Proceeds from September 2022 Forward Offering, Anticipated Net Proceeds from ATM Forward Offerings. with the addback of noncash amortization of above- and below- market lease intangibles, and after adjustments for the run-rate impact of the Company's investment and disposition activity for the period presented, as well as adjustments for non-recurring benefits or expenses. debt to Recurring EBITDA is calculated by taking annualized Recurring EBITDA and dividing it by our net debt per the consolidated balance sheet. Annualized Base Rent is not, and is not intended to be, a presentation in accordance with generally accepted accounting principles ("GAAP"). The Company's proforma net debt to recurring EBITDA was 3.1 times when deducting the $557.4 million of anticipated net proceeds from the outstanding forward equity offerings from the Company's net debt of $1.9 billion as of December 31, 2022. The monthly dividends during the fourth quarter reflected an annualized dividend amount of $2.880 per common share, representing a 5.7% increase over the annualized dividend amount of $2.724 per common share from the fourth quarter of 2021. The properties were acquired at a weighted-average capitalization rate of 6.4% and had a weighted-average remaining lease term of approximately 10.6 years. Although these forward-looking statements are based on good faith beliefs, reasonable assumptions and the Company's best judgment reflecting current information, you should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could materially affect the Company's results of operations, financial condition, cash flows, performance or future achievements or events. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," "forecast," "continue," "assume," "plan," "outlook" or other similar words or expressions.

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