other material
confidence high
sentiment positive
materiality 0.55
Agree Realty provides YTD update: ~$200M acquisitions pipeline, 20 development/DFP projects totaling $81M
AGREE REALTY CORP
- Approximately $200M of acquisitions closed, under contract or under LOI year-to-date.
- Four new development or DFP projects commenced YTD with total anticipated costs of ~$18M.
- 20 development or DFP projects completed or under construction in Q1 2024, representing $81M committed capital.
- Declared monthly dividend of $0.247 per share for February, a 2.9% year-over-year increase.
- Over $1.0B total liquidity and BBB/Baa1 issuer ratings; no material debt maturities until 2028.