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Agree Realty Reports Q1 Results

By Insider Scoop
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Courtesy of Benzinga.

Agree Realty (NYSE: ADC) released its fiscal first-quarter earnings results after the closing bell.

The company reported funds from operations of $0.49 versus estimates of $0.50. This was a 2 percent decline in FFO versus the prior year period.

Revenue was up 11 percent for the quarter to $10.20 million versus consensus estimates of $10.42 million.

Year-to-date, ADC has risen almost 13 percent.

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