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Agree Realty Posts Q1 Earnings Beat, Raises Full-Year Acquisition Guidance To $1.1B-$1.3B
Tuesday, May 4, 2021 - 3:15am | 453Agree Realty Corporation (NYSE: ADC) released its first-quarter 2021 results on Monday with revenues beating Wall Street expectations. What Happened: The Michigan-based company posted a revenue of $77.83 million for the quarter ending March beating the estimated revenue of $75.54 million....
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Agree Realty Releases Inaugural ESG Report
Wednesday, March 31, 2021 - 1:13pm | 412Agree Realty Corporation (NYSE: ADC) has released its inaugural environmental, social and governance (ESG) report highlighting how the retail REIT emphasizes sustainability and responsibility. “We are committed to ensuring the health, well-being and financial security of our team members...
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E-Commerce Or Brick-And-Mortar? Real Estate Leader Says Both
Wednesday, January 6, 2021 - 2:18pm | 923The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. At the start of 2010, e-commerce accounted for just 4.2% of total retail purchases in the U.S according to the Federal Reserve. By the end...
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Agree Realty's CEO On Why Real Estate Investors Should Know 'What Distressed Really Means'
Friday, April 24, 2020 - 2:08pm | 752On Thursday, Joey Agree, the president and CEO of Agree Realty (NYSE: ADC) joined Benzinga’s PreMarket Prep to discuss the real estate market, the impact of COVID-19 and potential opportunities to buy distressed properties. Agree shares have performed well for long-term investors since...
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Agree Realty CEO Says Retailers 'Will Not Snap Back' From Coronavirus
Thursday, April 23, 2020 - 5:41pm | 859Real estate investment trusts have been slammed so far in 2020 as investors grow increasingly concerned about risk to mortgage and commercial lease payments. On Thursday, Joey Agree, president and CEO of Agree Realty (NYSE: ADC), joined Benzinga’s PreMarket Prep to discuss how he...
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Agree Realty's Momentum Continues 25 Years After IPO
Monday, April 15, 2019 - 3:15pm | 454It’s been a strong year for real estate investment trust Agree Realty Corporation (NYSE: ADC), which marked 25 years since its 1994 IPO on Monday. Trading of Agree shares opened Monday at $68.67, up more than 45 percent over the past year. What To Know The company did about 150 transactions...
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How This REIT Plans To Thrive While Rates Remain Uncertain, Retail Locations Shutter
Saturday, May 13, 2017 - 9:00pm | 582Over the last several years, Joey Agree has taken Agree Realty Corporation (NYSE: ADC) from a $300 million microcap to a $1.5 billion diversified real estate company. But challenges lie ahead for the president and CEO, particularly in the form of unpredictable and uncontrollable interest rates....
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How Agree Realty Went From A $300 Million Microcap To $1.5 Billion Business
Friday, May 12, 2017 - 7:23am | 364Under Joey Agree’s leadership, Agree Realty Corporation (NYSE: ADC) has seen a 400-percent pop in value largely catalyzed by the 2010 launch of the firm’s acquisition platform, which led to about $1 billion in net-lease retail acquisitions. “It’s transformed the portfolio of...
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Exclusive: CEO Joey Agree Talks REITs, Geographical Agnosticism
Monday, August 1, 2016 - 10:51am | 766Agree Realty Corporation (NYSE: ADC) is an integrated real estate investment trust (REIT) company focused on the ownership, development and management of retail properties. Benzinga had a chance to speak to the company's CEO, Joey Agree, to discuss the company's performance and the...
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5 Minutes With... Agree Realty CEO Joey Agree
Sunday, December 6, 2015 - 6:52pm | 1153Agree Realty Corporation (NYSE: ADC) is a fully integrated, self-administered and self-managed REIT focused on the development and acquisition of net lease retail properties throughout the United States. As part of Benzinga’s “Five Minutes With …” series, Agree Realty CEO...
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What's the Future of Retail?
Thursday, February 28, 2013 - 12:45pm | 367Joey Agree, the CEO of Agree Realty (NYSE: ADC), thinks we're living through one of the most dynamic shifts in the history of the business, with e-commerce business models melding with traditional brick-and-mortar experiences. Benzinga sat down with Agree to get his take on the shifting landscape...
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Small Cap Agree Realty on the Rise
Wednesday, February 27, 2013 - 3:56pm | 318Shares of small cap Agree Realty (NYSE: ADC) have been on the rise lately, rallying over 17 percent in the last six months. The Farmington Hills, Michigan-based realty company currently has 109 properties. But if Joey Agree, the company's President and CEO has his way, that number could increase...
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REIT Agree Realty Continues to Diversify Portfolio
Tuesday, May 15, 2012 - 3:33pm | 391Real estate investment trusts (REITs) are realty-based securities that trade on stock exchanges. They provide tax advantages and give individuals a more liquid opportunity to invest in real estate than purchasing properties directly. Agree Realty Corporation (NYSE: ADC) is a Michigan-based REIT...
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After Diversifying its Real Estate Portfolio, Agree Realty Rises Above the Grave of Borders Books
Wednesday, October 26, 2011 - 5:04pm | 371With a new credit facility on the way, Agree Realty Corp. (NYSE: ADC) is having a terrific year. Borders once accounted for the vast majority of the firm's leases. But after parting ways with the ailing book store, and after acquiring several new assets, Agree Realty is thriving at a time when...
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Agree Realty (ADC) Reports Earnings In-Line
Thursday, July 29, 2010 - 8:20am | 223Agree Realty (NYSE: ADC) FFO per diluted share for the second quarter of 2010 was $0.61 compared with the consensus of $0.61. Agree Realty's FFO for Q2 of '09 was $0.70, FFO per share decreased primarily due to an increase in the weighted average shares outstanding as the result of the common...