Agree Realty Beats Q3 Estimates With FFO of $1.15 Per Share
FROM THE WIRE · FINANCE.YAHOO.COM
ROYAL OAK, Mich. (AP) — ROYAL OAK, Mich. (AP) — Agree Realty Corp. (ADC) on Tuesday reported a key measure of profitability in its third quarter. The results topped Wall Street expectations. The real estate investment trust, based in Royal Oak, Michigan, said it had funds from…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishResults above consensus for a mid-sized retail REIT, with revenue ahead of forecasts.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01FFO was $144.2 million, or $1.15 per share, versus $1.14 expected.
- 02Revenue was $213.9 million, above the $211.1 million forecast.
- 03Net income was $66.5 million, or 53 cents per share.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets