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Last $30.65 USD
Change Today -0.03 / -0.10%
Volume 52.7K
ADC On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

agree realty corp (ADC) Snapshot

Open
$30.55
Previous Close
$30.68
Day High
$30.88
Day Low
$30.48
52 Week High
01/23/15 - $36.15
52 Week Low
10/2/14 - $27.00
Market Cap
539.5M
Average Volume 10 Days
77.2K
EPS TTM
$1.45
Shares Outstanding
17.6M
EX-Date
06/26/15
P/E TM
21.1x
Dividend
$1.86
Dividend Yield
5.74%
Current Stock Chart for AGREE REALTY CORP (ADC)

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agree realty corp (ADC) Details

Agree Realty Corporation, a real estate investment trust (REIT), engages in the ownership, development, acquisition, and management of retail properties, which are primarily leased to national and regional retail companies in the United States. As of December 31, 2009, its portfolio consisted of 73 properties, including 61 freestanding net leased properties and 12 community shopping centers located in 16 states containing approximately 3.5 million square feet of gross leasable area. The company has elected to be treated as a REIT under the Internal Revenue Code. As a REIT, the company is not subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its stockholders. Agree Realty Corporation was founded in 1971 and is headquartered in Farmington Hills, Michigan.

14 Employees
Last Reported Date: 03/6/15
Founded in 1971

agree realty corp (ADC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $611.3K
Executive Chairman and Chairman of Executive ...
Total Annual Compensation: $150.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $305.6K
Executive Vice President
Total Annual Compensation: $274.1K
Compensation as of Fiscal Year 2014.

agree realty corp (ADC) Key Developments

Agree Realty Corp. Approves to Amend its Charter

Agree Realty Corp. in its AGM held on May 4, 2015, approved an amendment to the charter of the Company relating to the restrictions on ownership and transfer of shares of its capital stock set forth in Charter. The Amendment deleted an ownership limitation of 24% of its capital stock that had previously applied to certain founders of its company and their families and provided for an aggregate stock ownership limit of 9.8% (in value) of the aggregate of the outstanding shares of its capital stock and a common stock ownership limit of 9.8% (in value or in number of shares, whichever is more restrictive), of the aggregate of the outstanding shares of its common stock. As a result, the 9.8% ownership limits apply to all stockholders, other than those who have received ownership waivers from, and those for whom an excepted holder limit has been established by, its board of directors. The Amendment also provides for an automatic transfer of shares to a charitable trust in the event a purported transfer in violation of its ownership limitations has been made, and the Amendment makes certain conforming, technical and other changes to its Charter that the company believe result in the ownership and transfer restrictions set forth in its Charter being similar in most material respects to the restrictions on ownership and transfer that are now typically contained in the charters of many publicly traded REITs. Included in those technical changes is the elimination of the concept of “excess stock,” which will no longer be required as a result of the other changes relating to the ownership and transfer restrictions set forth in its Charter, including the elimination of all 8,000,000 shares of excess stock authorized for issuance under its Charter.

Agree Realty Corporation Declares Common Stock Dividend for Second Quarter of 2015, Payable July 14, 2015

Agree Realty Corporation announced that its board of directors has declared a second quarter 2015 common stock dividend in the amount of $0.465 per share, an increase of 3.3% over the previous quarterly dividend. The dividend is payable July 14, 2015 to shareholders of record at the close of business on June 30, 2015.

Agree Realty Corporation Announces Acquisition of Six Retail Properties

Agree Realty Corporation announced that it recently closed on the acquisition of six retail properties for an aggregate purchase price of approximately $35.4 million. The properties include an H-E-B grocery store in Brenham, Texas, a 24 Hour Fitness in Fort Worth, Texas, a Golden Corral restaurant in Springfield, Illinois, Advanced Auto stores in Tallassee, Alabama and Lorain, Ohio, and a Dollar General in Blacksburg, South Carolina.

 

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