Predrag Vuckovic Real Estate Weekly Outlook U.S. equity markets rebounded this week from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to corporate 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 of weakening growth and sticky inflation in early 2024, a report ...

Rawf8 Yet another sign of the creeping decay of America's manufacturing base. That's what the people of the sleepy, historic town of Winnsboro, South Carolina thought when they heard that their town's television factory -- the last of its kind across all 50 states -- would soon shutter and lay off 126 of its 134 full-time employees. Yet another American factory lost to foreign competition. Or was it? As we'll discuss below, the case of the Winnsboro TV factory does not really fit the traditional narrati ...

Agree Realty Corporation (NYSE:ADC) Q1 2024 Earnings Conference Call April 24, 2024 9:00 AM ET Corporate Participants Brian Hawthorne - Director of Corporate Finance Joey Agree - President and Chief Executive Officer Peter Coughenour - Chief Financial Officer Conference Call Participants RJ Milligan - Raymond James Nick Joseph - Citigroup Ronald Kamdem - Morgan Stanley Ki Bin Kim - Truist Farrell Granath - Bank of America Eric Borden - BMO Rob Stevenson - Janney, Montgomery Alec Feygin - Baird Linda Tsai - ...

Colin Anderson Productions pty ltd/DigitalVision via Getty Images Agree Realty Overview Let's set the stage appropriately before diving into recent financials. The net lease sector is deep and growing rapidly. As the sector grows, net lease REITs of all shapes and sizes have appeared. Each carries a unique value proposition and business model that management believes will deliver success to shareholders. There is even a net lease exchange-traded fund called the Fundamental Income Net Lease Real Estate ETF ( ...

For the quarter ended March 2024, Agree Realty (ADC) reported revenue of $149.45 million, up 18% over the same period last year. EPS came in at $1.03, compared to $0.44 in the year-ago quarter.The reported revenue represents a surprise of +1.07% over the Zacks Consensus Estimate of $147.88 million. With the consensus EPS estimate being $1.01, the EPS surprise was +1.98%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

Agree Realty (ADC) came out with quarterly funds from operations (FFO) of $1.03 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to FFO of $0.98 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.98%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1 per share when it actually produced FFO of $1, delivering no surprise.Over the last four quarters, the company ...

Exhibit 99.1 32301 Woodward Ave. Royal Oak, MI 48073 www.agreerealty.com FOR IMMEDIATE RELEASE Agree Realty Corporation Reports First Quarter 2024 Results Introduces 2024 AFFO Per Share Guidance of $4.10 to $4.13 Royal Oak, MI, April 23, 2024 -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced results for the quarter ended March 31, 2024. All per share amounts included herein are on a diluted per common share basis unless otherwise stated. First Quarter 2024 Financial and Operating Highl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Mark One ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024, or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-12928 AGREE REALTY CORPORATION (Exact name of registrant as specified in its charter) Maryland 38-3148187 (Stat ...

Dragon ClawsDear subscribers, The time has come for me to show you my top-tier REIT picks for this year. The companies that I invest in, and expect to outperform for the next few years, all the while paying me a solid level of dividends during the time of generating that outperformance. We've seen instability lately across the REIT space, and this instability has also and continues to include companies that I have been beating the drum for some time - almost a year. Many REITs are in a position where, w ...

Tom WernerIntroduction On June 30, 2023, we published a comparative article between Spirit Realty and Agree Realty Corporation (NYSE:ADC) and supported a “buy” recommendation for both equities. In this article, we are going to review the underpinnings of Agree’s business model in light of Q4 2023 earnings and justify a change in the recommendation to a “hold”. We start by quantifying Agree’s ability to generate economic profit under the current macroeconomic conditions. In particular, we look at the dif ...