The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock Newsletter

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.

ADC SEC Filing Email Alerts Service

Open the ADC Page at The Online Investor »

Company Name:  Agree Realty Corp.
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%

Open the ADC Page at The Online Investor (in a new window) »

May 6, 2016    10:52 AM Eastern
Quotes delayed 20 minutes

Strong Buy (3.83 out of 4)
80th percentile
(ranked higher than approx. 80% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | | Copyright © 1998 - 2016, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.