Agree Realty Q2 2024 Adjusted FFO $1.04 Beats $1.02 Estimate, Sales $152.575M Beat $147.854M Estimate
Portfolio Pulse from Benzinga Newsdesk
Agree Realty (NYSE:ADC) reported Q2 2024 Adjusted FFO of $1.04 per share, beating the estimate of $1.02. Sales were $152.575M, surpassing the $147.854M estimate. Both metrics showed significant year-over-year growth.
July 23, 2024 | 8:08 pm
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Agree Realty's Q2 2024 earnings and sales both exceeded analyst expectations, with Adjusted FFO at $1.04 per share and sales at $152.575M. This performance indicates strong operational growth and could positively impact the stock price in the short term.
Agree Realty's better-than-expected earnings and sales figures, along with significant year-over-year growth, suggest strong operational performance. This is likely to positively influence investor sentiment and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100