Health Business Week
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Health Business Week
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Agree Realty Corporation
Agree Realty Corporation Reports Operating Results for the Fourth Quarter and Year-End 2008
March 13th, 2009
Agree Realty Corporation (NYSE:ADC) announced results for the quarter and the twelve months ended December 31, 2008. Fourth quarter Funds from Operations (FFO) was $5,480,000 compared with FFO in the fourth quarter of 2007 of $5,266,000. FFO per diluted share was $0.66 compared with $0.63 for the fourth quarter of 2007. A reconciliation of net income to FFO is included in the financial tables accompanying this press release. Net income was $3,823,000, or $0.49 per diluted share, compared with net income for the fourth quarter of 2007 of $4,661,000, or $0.60 per diluted share. For the year ended December 31, 2008, FFO was $21,598,000 compared with FFO for the year ended...
Source: Health Business Week (2009-03-13)
|
