Agree Realty Corp reports results for the quarter ended December 31 - Earnings Summary

• Agree Realty Corp ADC.N reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended December 31, identical to the same quarter last year. The mean expectation of eight analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 39 cents to 45 cents per share.

• Revenue rose 11.5% to $160.73 million from a year ago; analysts expected $156.37 million.

• Agree Realty Corp's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of $43.38 million.

• Agree Realty Corp shares had risen by 3.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.6% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the commercial reits peer group is also "buy"

Wall Street's median 12-month price target for Agree Realty Corp is $79.50

This summary was machine generated from LSEG data February 11 at 10:45 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)