Agree Realty Corp Price, Forecast, Insider, Ratings, Fundamentals & Signals

Royal oak, mich. , may 6, 2024 /prnewswire/ -- agree realty corporation (nyse: adc) (the "company") today announced that its operating partnership, agree limited partnership (the "operating partnership"), priced a public offering of $450 million of its 5.625% senior unsecured notes due 2034 (the "notes").

Introduces 2024 affo per share guidance of $4.10 to $4.13 royal oak, mich. , april 23, 2024 /prnewswire/ -- agree realty corporation (nyse: adc) (the "company") today announced results for the quarter ended march 31, 2024.

Royal oak, mich., april 8, 2024 /prnewswire/ -- agree realty corporation (nyse: adc) (the "company") today announced that it will release its first quarter 2024 operating results after the market closes on tuesday, april 23, 2024.

Increase results in 2.9% year-over-year growth and annualized dividend of $3.00 per share royal oak, mich., april 8, 2024 /prnewswire/ -- agree realty corporation (nyse: adc) (the "company") today announced that its board of directors has authorized, and the company has declared, a monthly cash dividend of $0.250 per common share, representing a 1.2% month-over-month increase.

Royal oak, mich. , march 12, 2024 /prnewswire/ -- agree realty corporation (nyse: adc) (the "company") today announced that its board of directors has authorized, and the company has declared, a monthly cash dividend of $0.247 per common share.

Agree Realty has steadily increased its dividend over the past decade. The REIT built a durable portfolio and strong balance sheet.

Buy SCHD And These 4 High Yields For A Diversified Retirement Dividend Portfolio

One of the best ways to generate passive income is with some of the most undervalued real estate investment trusts (REITs). Not only do these undervalued REIT stocks offer attractive growth, and diversification relative to other assets, but they also have attractive yields.

The stock market reacted to the Federal Reserve's decisions with initial optimism, then reverted to pessimism, and now seems back to optimism. Fed Chair Jay Powell does not expect inflation to return to the target of 2% in the next few months but believes it will come down later this year. There are weakening trends in small business, the labor market, and consumer finances that lead me to believe the economy is in the "late-cycle" phase.

U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed's policy meeting in the week ahead, markets were confounded - albeit temporarily - by a "jarring" GDP report that showed a return of "stagflationary" trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week - erasing essentially all of its declines in the prior week.

The near-closure of the Winnsboro TV factory in South Carolina highlights the global economy's interconnectedness as well as the pitfalls of trade barriers. Rising barriers to international trade, excessive government debt, and aging demographics are major headwinds to economic growth. The trade war with China has not resulted in a return of manufacturing jobs to the US and may hinder long-term GDP growth.

Agree Realty reported Q1 earnings and delivered a beat on AFFO and revenue, with both growing year-over-year. ADC delivered AFFO guidance of $4.10 - $4.13 for the first time, representing a growth rate of 4% year-over-year. Investors collect a 5% dividend yield coupled with 4% growth, offering a total growth rate of 9% for those willing to hold until interest rates are lowered.

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

Agree Realty is a single tenant net lease REIT focused on "next generation" retail assets and ground leases. ADC reported strong first quarter earnings, with AFFO per share growth beating expectations and outpacing key competitors. The company continues taking a tactical approach to acquisitions and dispositions and maintaining a conservative financial position during a tumultuous time for net lease assets.

While the top- and bottom-line numbers for Agree Realty (ADC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.