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Agree Realty Corporation
Agree Realty Corporation Reports Operating Results for the Second Quarter 2008
August 15th, 2008
Agree Realty Corporation (NYSE:ADC) announced results for the quarter ended June 30, 2008. For the second quarter, funds from operations ("FFO") increased 4.9% to $5,420,000 compared with funds from operations in the second quarter of 2007 of $5,165,000. Diluted funds from operations per share were $0.65 per share compared with $0.62 per share for the second quarter of 2007. Net income was $3,766,000, or $0.49 per share on a diluted basis, compared with net income for the second quarter of 2007 of $3,603,000 or $0.47 per share. Total revenues increased 4.9% to $8,789,000, compared with total revenues of $8,378,000 in the second quarter of 2007. A reconciliation of net income to FFO is...
Source: Health Business Week (2008-08-15)
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