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Market Impact: 0.22

Agree Realty (ADC) Surpasses Q1 FFO and Revenue Estimates

ADC
Corporate EarningsCompany FundamentalsAnalyst EstimatesHousing & Real Estate

Agree Realty reported quarterly FFO of $1.14 per share, beating the Zacks consensus estimate of $1.12 by $0.02, or about 1.8%. FFO also improved from $1.06 per share a year ago, indicating modest year-over-year growth. The update is mildly positive for a REIT and should have limited but constructive stock impact.

Analysis

Agree Realty reported quarterly FFO of $1.14 per share, beating the Zacks consensus estimate of $1.12 by $0.02, or about 1.8%. FFO also improved from $1.06 per share a year ago, indicating modest year-over-year growth. The update is mildly positive for a REIT and should have limited but constructive stock impact.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.28

Ticker Sentiment

ADC0.45