For the six months ended June 30, 2001, funds from operations were up 5.4% to $6,330,000. Total revenues increased 5.89% to $12,301,000 for the comparable period last year.
The company paid a cash dividend of $0.46 per share on July 12 to shareholders of record on June 29. The dividend is equivalent to an annualized dividend of $1.84 per share and represents a payout ratio of 73% of funds from operations for the quarter.
Agree Realty owns, manages and develops neighborhood community shopping centers and single tenant properties in 13 states and leased to major retail tenants.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
