Agree Realty Corp. Reveals 26% Gain In Q1 Earnings

(RTTNews) - Agree Realty Corp. (ADC) reported a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line came in at $12.73 million, or $0.61 per share. This was up from $10.07 million, or $0.57 per share, in last year's first quarter.

Analysts had expected the company to earn $0.61 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 28.5% to $20.22 million. This was up from $15.74 million last year.

Agree Realty Corp. earnings at a glance:

-Earnings (Q1): $12.73 Mln. vs. $10.07 Mln. last year. -Earnings Growth (Y-o-Y): 26.4% -EPS (Q1): $0.61 vs. $0.57 last year. -EPS Growth (Y-o-Y): 7.0% -Analysts Estimate: $0.61 -Revenue (Q1): $20.22 Mln vs. $15.74 Mln last year. -Revenue Change (Y-o-Y): 28.5%