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Agree Realty Corporation (ADC)

- NYSE
  • Thu, Apr. 9, 3:24 PM
    • A weak 30-year bond auction has long-term Treasury yields on the move higher, with the 10-year up five basis points to 1.96%. One also can't help but notice a recent uptick in capital raising among the equity REITs.
    • Realty Income (O -2.2%), Agree Realty (ADC -2.2%), Omega Healthcare (OHI -4%), Medical Properties Trust (MPW -2.5%), W.P. Carey (WPC -2.2%), Duke Realty (DRE -2.5%), Essex Property (ESS -2.9%), Aimco (AIV -3%), Simon Property (SPG -2.4%), Kimco (KIM -2.9%), Inland Real Estate (IRC -3%), DDR Corp (DDR -2.3%), Sovran Self Storage (SSS -2.2%), Washington Real Estate (WRE -4%), Digital Realty Trust (DLR -2%), Hospitality Properties (HPT -2.6%), Ashford Hospitality (AHT -2.4%), Stag Industrial (STAG -4.6%), American Campus (ACC -2.3%).
    • ETFs: IYR, VNQ, DRN, URE, SRS, ICF, SCHH, RWR, KBWY, DRV, REK, FRI, FTY, PSR, WREI, FREL
    • Previously: Treasury yields on the rise after weak 30-year auction (April 9)
    | 37 Comments
  • Fri, Mar. 6, 10:31 AM
    • Equity REITs are facing some competition as the 10-year Treasury yield has popped all the way to 2.24% (up 11 bps on the session) following the strong jobs report which saw 295K jobs added in February and the unemployment rate dropping to 5.5%.
    • Checking short-term interest rate futures, they're falling (meaning higher rates), but still not pricing in a rate hike until late summer.
    • The iShares U.S. Real Estate ETF (IYR -2.3%).
    • Realty Income (O -3.7%), National Retail Properties (NNN -3.9%), Agree Realty (ADC -3.1%), Omega Heathcare (OHI -4.5%), Health Care REIT (HCN -3.5%), Ventas(VTR -3.7%), HCP (HCP -3.6%), Medical Properties (MPW -4%), Healthcare Trust (HTA -4%), AvalonBay (AVB -2.7%), Essex Property (ESS -2.3%), Simon Property (SPG -2.3%), General Growth (GGP -2.2%), Kimco (KIM -2.9%), Inland Real Estate (IRC -2.9%), DDR (DDR -2.7%), Federal Realty Investment (FRT -2.6%), Public Storage (PSA -2%), Sovran Self Storage (SSS -2.7%), Boston Properties (BXP -2.8%), First Potomac (FPO -3.2%), Digital Realty Trust (DLR -1.9%), Hospitality Properties (HT -2.1%), Ashford (AHT -2.7%), STAG Industrial (STAG -3%), American Campus (ACC -2.9%).
    • ETFs: IYR, VNQ, DRN, URE, SRS, ICF, SCHH, RWR, KBWY, DRV, REK, FRI, FTY, PSR, WREI, FREL
    • Previously: Dollar and Treasury yields spike after strong jobs print (March 6)
    | 62 Comments
  • Dec. 4, 2014, 9:54 AM
    • Agree Realty (ADC -3.3%) slightly upsized the offering, selling 2.25M shares (vs. 2.1M originally planned) for gross proceeds of $66.8M, suggesting a price of $29.69 each.
    • Source: Press Release
    • Previously: Agree Realty offering 2.1M shares (Dec. 3, 2014)
    | 1 Comment
  • Nov. 22, 2013, 9:30 AM
    • Agree Realty (ADC) prices a 1.65M share secondary offering for gross proceeds of $49.2M (presumably about $29.82 per share). The underwriter greenshoe is 247.5K shares.
    • The stock's off 5.8% to $28.80 premarket.
    • Press release
    | Comment!
  • Jul. 23, 2013, 6:05 PM
    S&P announces changes to some of its indexes: Salix Pharmaceuticals (SLXP) will replace Gardner Denver (GDI) in the S&P MidCap 400, Agree Realty (ADC) will replace SLXP in the S&P SmallCap 600, and DXP Enterprises (DXPE) will replace True Religion Apparel (TRLG) in the SmallCap 600. SLXP +0.6%, ADC +1.5%, DXPE +0.9% AH.
    | Comment!
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Company Description
Agree Realty Corp is engaged in fully-integrated, self-administered and self-managed REIT. It is focused on the ownership, development, acquisition and management of retail properties net leased to national tenants.
Sector: Financial
Country: United States