Agree Realty (ADC) Reports In-Line Q2 EPS

Agree Realty (NYSE: ADC) reported Q2 EPS of $0.45, in-line with the analyst estimate of $0.45. Revenue for the quarter came in at $104.88 million versus the consensus estimate of $102.28 million.

• Net Income per share attributable to common stockholders increased 31.7% to $0.45
• Core Funds from Operations (\"Core FFO\") per share increased 9.7% to $0.98
• Adjusted Funds from Operations (\"AFFO\") per share increased 10.4% to $0.97

GUIDANCE:

Increases 2022 Acquisition Guidance to $1.5 Billion to $1.7 Billion;

Raises 2022 Development and PCS Guidance to $75 Million to $125 Million Commenced

For earnings history and earnings-related data on Agree Realty (ADC) click here.

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