Agree Realty Corp. Earnings Advance 27% In Q4

(RTTNews) - Agree Realty Corp. (ADC) revealed a profit for its fourth quarter that increased from last year.

The company said its bottom line came in at $11.60 million, or $0.60 per share. This was up from $9.10 million, or $0.58 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 33.7% to $19.15 million. This was up from $14.32 million last year.

Agree Realty Corp. earnings at a glance:

-Earnings (Q4): $11.60 Mln. vs. $9.10 Mln. last year. -Earnings Growth (Y-o-Y): 27.5% -EPS (Q4): $0.60 vs. $0.58 last year. -EPS Growth (Y-o-Y): 3.4% -Analysts Estimate: $0.60 -Revenue (Q4): $19.15 Mln vs. $14.32 Mln last year. -Revenue Change (Y-o-Y): 33.7%