Agree Realty Corporation Declares Monthly Dividends
On June 10, 2025, Agree Realty Corporation, a prominent real estate investment trust listed on the NYSE under the symbol ADC, made a significant announcement regarding its financial practices. The company's Board of Directors has authorized the declaration of monthly cash dividends for both common and preferred shares, reflecting its commitment to providing value to shareholders.
Monthly Common and Preferred Dividends
The Company revealed that it will distribute a cash dividend of
$0.256 per common share, resulting in an annualized amount of
$3.072. This marks a
2.4% increase compared to the previous annualized dividend of
$3.00 per common share that was applicable in the second quarter of 2024. The dividends are set to be paid on
July 15, 2025, to all registered stockholders as of the close of business on
June 30, 2025.
Additionally, the corporation has also declared a monthly cash dividend amounting to
$0.08854 on its
4.25% Series A Cumulative Redeemable Preferred Stock. This translates to an equivalent annual payment of
$1.0625. This dividend will be paid on
July 1, 2025, with the record date for shareholders being
June 20, 2025.
Company Overview
Agree Realty Corporation is transforming the retail landscape through its strategic acquisition and development of properties that are net leased to leading omni-channel retail tenants. As of March 31, 2025, the company possesses a robust portfolio consisting of
2,422 properties located across all fifty states. These properties cover around
50.3 million square feet of gross leasable area, highlighting the extensive reach and influence of the company in the real estate sector.
The strategic focus on high-quality retail domains emphasizes the corporation's innovative approach to RETHINKING RETAIL. Through this strategy, the company not only aims to enhance its value proposition but also seeks to foster stronger relationships with its tenants and provide attractive investment opportunities for its shareholders.
With consistent dividend distributions and an expanding portfolio, Agree Realty Corporation demonstrates solid financial health and a forward-thinking approach in a rapidly changing retail environment.
About Agree Realty Corporation:
Agree Realty Corporation primarily engages in acquiring, developing, and managing properties that are net leased to leading retailers, ensuring both sustainability and profitability. As the retail industry evolves, Agree Realty remains at the forefront, effectively navigating challenges and capitalizing on opportunities within the market.
For further details about the Company and its initiatives, visit
www.agreerealty.com.