Agree Realty Q3 2020 Earnings Report
Key Takeaways
Agree Realty Corporation announced third quarter 2020 results, highlighted by a record $471 million invested and an increase in acquisition guidance to $1.25 billion to $1.35 billion. The company reported net income of $21.3 million and Core FFO of $44.5 million, with rent collections exceeding 97% during the quarter.
Net income attributable to the Company increased 3.3% to $21.3 million compared to the comparable period in 2019.
Core FFO increased 33.2% to $44.5 million compared to the comparable period in 2019.
Total acquisition volume for the third quarter of 2020 was approximately $458.3 million.
The Company increased its full-year acquisition guidance to a range of $1.25 billion to $1.35 billion.
Agree Realty
Agree Realty
Forward Guidance
Agree Realty Corporation increased its outlook for total acquisition volume in 2020 to a range of $1.25 billion to $1.35 billion.