Agree Realty Corporation (N:ADC)

Sector:  N/A Industry:  N/A
See Regulatory Filings on SEC
Company Contact
Address: 70 E Long Lake Rd
Tel: N/A
IR: See website
Key People
Richard Agree
Executive Chairman of the Board and Director
Joel N Agree
President, Chief Executive Officer, Director
Clayton R. Thelen
Chief Financial Officer, Secretary
Laith M. Hermiz
Chief Operating Officer, Executive Vice President
David A. Wolff
Chief Accounting Officer
Craig Erlich
Chief Investment Officer
Danielle M Spehar
General Counsel
Business Overview
Agree Realty Corp (Agree Realty) is an integrated real estate investment trust (REIT) primarily focused on the ownership, acquisition, development and management of retail properties. The Company operates through Agree Limited Partnership (the Operating Partnership). As of May 15, 2019, it owned and operates a portfolio of 703 properties, located in 46 states and containing approximately 12.3 million square feet of gross leasable space. The Company's business objective is to invest in and actively managing a diversified portfolio of retail properties net leased to industry tenants. Its community shopping centers include Capital Plaza, Frankfort; Central Michigan Commons, Mount Pleasant, and West Frankfort Plaza, West Frankfort.
Financial Overview
For the nine months ended 30 September 2020, AgreeRealty Corporation revenues increased 31% to $177.2M. Netincome applicable to common stockholders increased 18% to$67.5M. Revenues reflect FFO per Share (Basic) increase of6% to $0.73, FFO per Share (Diluted) increase of 7% to$0.72, Other increase of 88% to $194K. Net income waspartially offset by Depreciation and amortization increaseof 44% to $47.1M (expense).
Employees: 41 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $5,222M as of Sep 30, 2020
Annual revenue (TTM): $229.29M as of Sep 30, 2020
EBITDA (TTM): $181.76M as of Sep 30, 2020
Net annual income (TTM): $90.00M as of Sep 30, 2020
Free cash flow (TTM): -$1,108M as of Sep 30, 2020
Net Debt Last Fiscal Year: $1,132M as of Sep 30, 2020
Shares outstanding: 63,021,483 as of Jan 6, 2021
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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