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Agree Realty Corporation
Agree Realty Corporation Reports Operating Results for the Third Quarter 2008
November 14th, 2008
Agree Realty Corporation (NYSE:ADC) announced results for the quarter ended September 30, 2008. For the third quarter, funds from operations ("FFO") increased 7.0% to $5,532,000 compared with funds from operations in the third quarter of 2007 of $5,170,000. Diluted funds from operations per share were $0.66 per share compared with $0.62 per share for the third quarter of 2007. Net income was $3,849,000, or $0.50 per share on a diluted basis, compared with net income for the third quarter of 2007 of $3,613,000 or $0.47 per share. Total revenues increased 6.9% to $9,029,000, compared with total revenues of $8,450,000 in the second quarter of 2007. A reconciliation of net income to FFO is...
Source: Health Business Week (2008-11-14)
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