Reports Q2 revenue $129.90M, consensus $128.11M. “We are extremely pleased with our performance during the first half of the year as we continued to execute on high-quality net lease opportunities and surpassed 2,000 properties in 49 states including Alaska,” said Joey Agree, President and CEO. “Given our year-to-date acquisition activity and visibility into our pipeline, we are increasing our full-year acquisition guidance to at least $1.3B of high-quality retail net lease assets. Our balance sheet remains in excellent position with $1.3B of liquidity inclusive of the recent closing of our $350M 5.5-year term loan.”
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ADC:
- Agree Realty Corporation Reports Second Quarter 2023 Results
- ADC Earnings this Week: How Will it Perform?
- Agree Realty Declares Monthly Common and Preferred Dividends
- Billionaire Seth Klarman Says the Real Estate Sector Could Be the Next Big Investment Opportunity — Here Are 2 REIT Stocks That Analysts Like
- Agree Realty price target lowered to $76 from $77.50 at Stifel