Agree Realty (NYSE:ADC) reported Q2 EPS of $0.45, in-line with the analyst estimate of $0.45. Revenue for the quarter came in at $104.88 million versus the consensus estimate of $102.28 million.
- Net Income per share attributable to common stockholders increased 31.7% to $0.45
- Core Funds from Operations ("Core FFO") per share increased 9.7% to $0.98
- Adjusted Funds from Operations ("AFFO") per share increased 10.4% to $0.97
GUIDANCE:
Increases 2022 Acquisition Guidance to $1.5 Billion to $1.7 Billion;
Raises 2022 Development and PCS Guidance to $75 Million to $125 Million Commenced