- Q2 adjusted FFO of $13.7M or $0.61 per share vs. $11M and $0.62 one year ago. Rental revenue up 23.6% to $19.9M. Company raised $110M during quarter with sale of 2.9M shares.
- $153.5M invested in 36 retail net lease properties during quarter. Portfolio consists of 326 properties in 42 states totaling 6.3M square feet. 99.6% leased as of June 30. Walgreen is first, accounting for 14.1% of base rent, followed by Wal-Mart at 4.9%, then Lowe's at 3.6%.
- Full-year acquisition outlook remains at $250-$275M.
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Conference call at 11 ET
- Previously: Agree Realty FFO in-line, beats on revenue (July 25)
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ADC flat after hours