Agree Realty (ADC) Tops Q2 EPS by 3c; FFO of $0.71

Agree Realty (NYSE: ADC) reported Q2 EPS of $0.41, $0.03 better than the analyst estimate of $0.38.

• Invested $104.3 million in 29 retail net lease properties
• Increased rental revenue 27.7% to $32.1 million
• Net Income per share attributable to the Company decreased 26.9% to $0.41
• Net Income attributable to the Company decreased 13.1% to $12.9 million
• Increased Funds from Operations ("FFO") per share 5.6% to $0.71
• Increased FFO 24.3% to $22.3 million
• Increased Adjusted Funds from Operations (\"AFFO\") per share 5.7% to $0.70
• Increased AFFO 24.5% to $22.2 million
• Declared a quarterly dividend of $0.54 per share, a 6.9% increase over the dividend per share declared in the second quarter of 2017
• Received a Baa2 investment grade credit rating from Moody\'s Investors Service

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

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