Agree Realty (ADC) Reports In-Line Q1 EPS
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Agree Realty Corporation Reports First Quarter 2016 Results
April 25, 2016 4:01 PM EDTBLOOMFIELD HILLS, Mich., April 25, 2016 /PRNewswire/ --Â Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended March 31, 2016. All per share amounts included herein are on a diluted per common share basis unless otherwise stated.
First Quarter 2016 Financial and Operating Highlights:
Increased Funds from Operations ("FFO") per share 8.5% to $0.61 Increased FFO 27.2% to $12.7 million Increased Adjusted Funds from Operations ("AFFO") per share 7.9% to $0.61 Increased AFFO 26.5% to $12.7 million Increased rental revenue 28.2% to $18.7 million Invested in 13 retail net lease properties for... More