Agree Realty Q4 2023 AFFO $1.00, Inline, Sales $144.16M Beat $139.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Agree Realty (NYSE:ADC) reported Q4 2023 earnings per share of $1.00, meeting analyst consensus estimates. Quarterly sales reached $144.16 million, exceeding estimates by 3.31% and marking a 23.71% increase from the previous year.
February 13, 2024 | 9:09 pm
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POSITIVE IMPACT
Agree Realty reported Q4 2023 earnings per share of $1.00, aligning with estimates, and sales of $144.16 million, beating estimates by 3.31% and showing a significant year-over-year growth.
Meeting earnings estimates and exceeding revenue expectations, especially with a notable year-over-year growth, is generally viewed positively by the market. This performance indicates solid operational efficiency and market demand for Agree Realty's offerings, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100