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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., May. 6, 10:52 AM

Slide #6. Agree Realty Corporation Secondary Offering

Company: Agree Realty Corporation (NYSE:ADC)
Date announced: 5/4/2016
Shares Offered: 2,500,000
Date of Pricing: 5/5/2016
Price Per Share: $39.76
Secondary Offering Details: Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it commenced an underwritten public offering of 2,250,000 shares of its common stock. In connection with the offering, the Company expects to grant the underwriters a 30-day option to purchase up to an additional 337,500 shares of common stock. -updated 5/5 - Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it has upsized and priced an underwritten public offering of 2,500,000 shares of its common stock for expected gross proceeds of approximately $99.4 million before deducting the underwriting discount and offering expenses payable by the Company. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 375,000 shares of common stock. Subject to customary conditions, the offering is expected to close on May 10, 2016.

Agree Realty is a self-administered, self-managed real estate investment trust. Co.'s assets are held by and all of its operations are conducted through, directly or indirectly, Agree Limited Partnership. Co. is focused primarily on the ownership, development, acquisition and management of retail properties net leased to national tenants. As of Dec 31 2014, Co.'s portfolio consisted of 209 properties, located in 37 states, containing an aggregate of approximately 4.3 million square feet of gross leasable area. Also as of such date, Co.'s portfolio included 203 net leased properties and six community shopping centers that were 98.6% leased.

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Company Name:  Agree Realty Corp.
Website:  www.agreerealty.com
Sector:  REITs
Number of ETFs Holding ADC:  46
Total Market Value Held by ETFs:  $65.93M
Total Market Capitalization:  $861.00M
% of Market Cap. Held by ETFs:  7.66%
 

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May 6, 2016    10:52 AM Eastern
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