Last $35.12 USD
Change Today -0.14 / -0.40%
Volume 171.3K
As of 8:04 PM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

agree realty corp (ADC) Snapshot

Open
$35.46
Previous Close
$35.26
Day High
$35.60
Day Low
$35.04
52 Week High
01/23/15 - $36.15
52 Week Low
04/21/14 - $26.58
Market Cap
616.0M
Average Volume 10 Days
210.5K
EPS TTM
$1.46
Shares Outstanding
17.5M
EX-Date
12/19/14
P/E TM
24.0x
Dividend
$1.80
Dividend Yield
4.95%
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: 03/7/14
Founded in 1971

agree realty corp (ADC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $550.0K
Executive Chairman and Chairman of Executive ...
Total Annual Compensation: $150.0K
Executive Vice President
Total Annual Compensation: $287.8K
Compensation as of Fiscal Year 2013.

agree realty corp (ADC) Key Developments

Jerome R. Rossi to Retire as Senior Executive Vice President and Group President of the TJX Companies and Join Agree Realty as Director

Agree Realty Corp. announced that Jerome R. Rossi, Senior Executive Vice President and Group President of The TJX Companies, has joined the Company's Board of Directors. Mr. Rossi replaces Michael Rotchford who is resigning after over 20 years as a Director of the Company. Mr. Rossi currently serves on the Board of Directors of Home Base, the Board of Advisors at Bentley College, the Board of Directors at Bethany Hill School, the Board of Overseers at Newton Wellesley Hospital and the Board of Overseers at Beth Israel Hospital. Mr. Rossi intends to retire from his current position at The TJX Companies on January 31, 2015.

Agree Realty Acquires 14 Properties for $35.5 Million

Agree Realty closed the acquisition of 14 retail net lease properties for an aggregate purchase price of approximately $35.5 million. Inclusive of these and previously announced transactions, total acquisition volume for fourth quarter was a record $71.9 million. These properties were acquired at a weighted-average cap rate of approximately 8.10% and with a weighted-average remaining lease term of approximately 15.3 years.

Agree Realty Seeks Acquisitions

Agree Realty Corp. (NYSE:ADC) is looking for acquisition opportunities. Agree Realty commenced an underwritten public offering of 2.1 million of newly issued shares and intends to use the net proceeds of the offering to reduce amounts outstanding under its revolving credit facility, to fund property acquisitions and development activity, and for general corporate purposes.

 

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ADC:US $35.12 USD -0.14

ADC Competitors

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Company Last Change
Alico Inc $50.35 USD -1.10
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