05:05 PM EDT, 04/23/2024 (MT Newswires) -- Agree Realty ( ADC ) reported Q1 adjusted funds from operations late Tuesday of $1.03 per diluted share, up from $0.98 per share a year earlier.

Analysts polled by Capital IQ expected $1.01.

Revenue for the quarter ended March 31 rose to $149.5 million from $126.6 million a year earlier. Analysts surveyed by Capital IQ expected $148.4 million.

For 2024, the company expects adjusted FFO of $4.10 to $4.13 per share. The consensus is for $4.09.

Agree Realty ( ADC ) shares were up 1.3% in after-hours activity.

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