When people think of Detroit, they sometimes think of a run down city with little going for it. Contrary to popular belief, companies in the metro-Detroit area are thriving and have kicked off 2012 with plans for success. One such company is Agree Realty Corporation (NYSE: ADC), a small-cap real estate investment trust headquartered in Farmington Hills, Michigan.
Agree Realty recently announced about $10.3 million in acquisitions, picking up a Wawa gas station, a Walgreens (NYSE: WAG), and...
Agree Realty Corporation (NYSE: ADC) today announced results for the quarter ended September 30, 2010. Third quarter funds from operations (FFO) was $6,020,000 compared with FFO in the third quarter of 2009 of $6,017,000. FFO per diluted share for the third quarter of 2010 was $0.60 compared with $0.72 for the third quarter of 2009.
FFO per share decreased primarily due to an increase in the weighted average shares outstanding as the result of the common share offering in April 2010. A...