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Stock impact report

Agree Realty: Q3 Earnings Snapshot [Yahoo! Finance]

Agree Realty Corporation (ADC) 
Last agree realty corporation earnings: 4/20 06:15 am Check Earnings Report
US:NYSE Investor Relations: agreerealty.com/invest
Company Research Source: Yahoo! Finance
The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of $1.03 per share. Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $42.5 million, or 42 cents per share. The real estate investment trust posted revenue of $154.3 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $152.4 million. Agree Realty expects full-year funds from operations in the range of $4.12 to $4.14 per share. The company's shares have risen 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $75.30, an increase of 39% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADC at https://www.zacks.com/ap/ADC Show less Read more
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