secwatch.observer — SEC 8-K summary
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Issuer:     AGREE REALTY CORP (ADC)
CIK:        0000917251
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001104659-24-029981
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agree Realty provides YTD update: ~$200M acquisitions pipeline, 20 development/DFP projects totaling $81M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/917251/000110465924029981/0001104659-24-029981-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/917251/000110465924029981/tm247751d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-029981

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