Agree Realty Corporation Announces Dividend for Shareholders
Agree Realty Corporation's Monthly Dividend Declaration
Today, Agree Realty Corporation (NYSE: ADC) has made an important announcement regarding its financial commitments to shareholders. The Board of Directors has approved a monthly cash dividend of $0.256 per common share. This new dividend signals a robust annualized dividend amount of $3.072 per common share, marking a commendable 2.4% increase compared to the previous annualized dividend of $3.00 from the second quarter of the last year.
Details of the Dividend Payment
This increased dividend reflects the company’s strong performance and commitment to rewarding its shareholders. Stockholders who are on record by the close of business on June 30 will receive the dividend on July 15, 2025. Additionally, the Company is also set to distribute a monthly cash dividend of $0.08854 on its 4.25% Series A Cumulative Redeemable Preferred Stock. This is equivalent to an annual payment of $1.0625 per depositary share. The payment will be made on July 1, 2025, to stockholders of record effective June 20, 2025.
Understanding Agree Realty’s Business Model
Agree Realty Corporation operates as a publicly traded real estate investment trust (REIT) specializing in retail properties. The company emphasizes a unique approach to property acquisition and development, focusing heavily on net leased properties that cater to leading omni-channel retail tenants. By strategically selecting robust retail locations, Agree Realty aims to enhance shareholder value and ensure consistent growth.
Current Portfolio Status
As of March 31, 2025, Agree Realty boasts a diverse portfolio consisting of 2,422 properties. These properties are spread across all states, encompassing approximately 50.3 million square feet of gross leasable area. This significant footprint showcases the Company’s expansive reach in the retail property market and its dedication to maintaining a well-rounded portfolio.
Commitment to Stakeholders
Agree Realty's commitment to delivering consistent dividends reflects its strong financial foundation and operational effectiveness. This decision to increase dividends demonstrates management's confidence in the sustainment of its business model amidst dynamic market conditions. Such announcements are vital for shareholders as they denote a company’s health and future growth potential.
Explore More About Agree Realty
For those interested in learning more about Agree Realty Corporation, additional information on their business operations and strategies can be found on their official website. As they continue to focus on rethinking retail, it's evident that Agree Realty strives to maintain innovative solutions in the ever-evolving landscape of real estate.
Frequently Asked Questions
What is the amount of the monthly dividend declared?
The monthly dividend declared by Agree Realty Corporation is $0.256 per common share.
When is the dividend payable?
The dividend is payable on July 15, 2025, to stockholders of record on June 30, 2025.
What is the focus of Agree Realty Corporation?
Agree Realty Corporation focuses on the acquisition and development of net leased retail properties, partnering with leading omni-channel retail tenants.
How many properties does Agree Realty own?
As of March 31, 2025, Agree Realty Corporation owns and operates 2,422 properties across the United States.
What type of stock dividends does Agree Realty offer?
In addition to common stock dividends, Agree Realty offers a dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock at $0.08854 per depositary share.
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