Agree Realty Q1 2024 FFO $1.03 Beats $1.01 Estimate, Sales $149.453M Beat $146.462M Estimate
Portfolio Pulse from Benzinga Newsdesk
Agree Realty (NYSE:ADC) reported Q1 2024 FFO of $1.03 per share, surpassing the $1.01 estimate, with sales of $149.453M exceeding the $146.462M forecast, marking an 18.03% year-over-year increase.

April 23, 2024 | 8:14 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Agree Realty's Q1 2024 FFO and sales exceeded analyst estimates, showing significant year-over-year growth.
Beating both FFO and sales estimates typically leads to positive investor sentiment, potentially driving up the stock price in the short term. The significant year-over-year sales growth further underscores the company's strong performance and may attract more investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100