Realty Income Aktie
WKN: 899744 / ISIN: US7561091049
05.08.2024 16:03:31
|
Why Agree Realty Stock Jumped Over 11% in July
Shares of Agree Realty (NYSE: ADC) jumped 11.4% in July, according to data provided by S&P Global Market Intelligence. The real estate investment trust (REIT) benefited from an improved growth forecast and credit rating upgrade last month. Agree Realty reported solid second-quarter results last month. The retail REIT posted a 6.4% rise in its adjusted funds from operations (FFO) per share in the period. The company has benefited from rising rental income and its steadily expanding portfolio. It invested $203 million into 70 retail net lease properties in the second quarter, bringing its first-half total to $343 million across 102 properties. Even with all those acquisitions, the REIT ended the second quarter with strong liquidity. It took advantage of its rising stock price to sell 3.2 million shares, raising $194 million. In addition, its banks expanded its credit facility to $1.25 billion and extended its maturity until 2029. These factors enabled it to raise $650 million of capital, boosting its total liquidity to $1.7 billion. Continue readingWeiter zum vollständigen Artikel bei MotleyFool

Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Realty Income Corp.mehr Nachrichten
Analysen zu Realty Income Corp.mehr Analysen
Aktien in diesem Artikel
Agree Realty Corp. | 69,56 | -1,22% |
|
Realty Income Corp. | 51,72 | -1,73% |
|