ADC Earnings Prediction
The chart below shows how ADC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ADC sees a -0.75% change in stock price 10 days leading up to the earnings, and a +1.94% change 10 days following the report. On the earnings day itself, the stock moves by +0.44%. This data can give you a slight idea of what to expect for the next quarter's release.
ADC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
154.33M
12.81%
1.15%
Gross Margin
76.99%
0.01%
-0.82%
Operating Margin
48.82%
0.76%
-0.41%
Net Margin
28.85%
-5.25%
-19.84%
EPS
0.42
2.44%
-19.23%
No Data Available
ADC Earnings Analysis
Agree Realty Corporation Corporation (ADC.N) Earnings Conference Call
Positive
Equity Raise Success: During the third quarter, we raised nearly $470 million of forward equity, bolstering our balance sheet significantly.
Credit Rating Upgrade: S&P upgraded our credit rating to BBB+, recognizing the strength of our balance sheet and high-quality nature of our portfolio.
Core FFO Increase: Core FFO for the third quarter is $1.01 per share, representing a 2.2% year-over-year increase.
AFFO Per Share Increase: AFFO per share for the third quarter increased 2.8% year-over-year to $1.03.
Dividend Increase Announcement: We declared monthly cash dividends of $0.25 per common share for July, August, and September, reflecting a 2.9% increase over the annualized dividend from the third quarter of 2023.
Negative
Core FFO Performance Update: Core FFO for the third quarter is $1.01 per share, representing a 2.2% year-over-year increase, which is lower than expected.
AFFO Per Share Growth: The AFFO per share for the third quarter increased 2.8% year-over-year to $1.03, indicating slower growth than previous quarters.
AFFO Guidance Adjustment: The company raised the lower end of its full-year 2024 AFFO per share guidance range to $4.12 to $4.14, reflecting a decrease in growth expectations.
Credit Rating Upgrade: During the quarter, S&P upgraded our credit rating to BBB+, while recognizing the strength of our balance sheet and high-quality nature of our portfolio, indicating previous concerns about credit risk.
Credit Loss Increase: The company experienced approximately 30 basis points of credit loss year-to-date, which is slightly above our longer-term average, suggesting increasing credit risk.
ADC FAQs
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ADC Earning Call Sentiment
Agree Realty Corporation (ADC) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ADC.N
-1.38%Positive
The earnings call summary highlights strong financial performance, including a high occupancy rate, increased dividends, and a healthy balance sheet. The Q&A section reveals management's confidence in future growth and risk mitigation strategies. Although construction costs are a concern, the overall sentiment is positive due to increased investment activity, low debt exposure, and strong investment-grade exposure. The positive guidance and strategic positioning suggest a positive stock price movement.
