Agree Realty (ADC) has issued an update.
Agree Realty has been actively expanding its portfolio with approximately $200 million in acquisitions and has initiated four new development projects, with a collective anticipated cost of $18 million, in the early part of 2024. Alongside these new ventures, the company is progressing on 16 ongoing projects, bringing the total current investment in development to roughly $81 million. While these prospective acquisitions are in various stages of completion and depend on standard closing conditions, there’s no guarantee all will finalize as planned.
Learn more about ADC stock on TipRanks’ Stock Analysis page.
