• Agree Realty Corp ADC.N reported quarterly adjusted earnings of 42 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 47 cents. The mean expectation of eight analysts for the quarter was for earnings of 42 cents per share. Wall Street expected results to range from 39 cents to 44 cents per share.

• Revenue rose 13.2% to $169.16 million from a year ago; analysts expected $163.88 million.

• Agree Realty Corp's reported EPS for the quarter was 42 cents​.

• The company reported quarterly net income of $45.14 million.

• Agree Realty Corp shares had risen by 2.0% this quarter and gained 11.7% so far this year.

FORECAST CHANGES

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

• In the last 30 days, three 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," 5 "hold" and no "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 $81.00

This summary was machine generated from LSEG data April 22 at 09:01 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)