Agree Realty Corporation (NYSE:ADC), Best Buy Co., Inc. (NYSE:BBY) - Agree Realty Posts Q1 Earnings Beat, Raises Full-Year Acquisition Guidance To $1.1B-$1.3B

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Agree Realty Corporation (NYSE: ADC) released its first-quarter 2021 results on Monday with revenues beating Wall Street expectations.
What Happened: The Michigan-based company posted a revenue of $77.83 million for the quarter ending March beating the estimated revenue of $75.54 million. Earnings per share amounted to 83 cents.
Last year, in a similar period, Agree Reality’s revenue amounted to $55.80 million. 
“We continue to uncover unique high-quality opportunities, demonstrated by the continued expansion of our ground lease portfolio this quarter. Given our fortified balance sheet and strong investment pipeline, we are increasing our full-year acquisition guidance to a range of $1.1 billion to $1.3 billion," said CEO Joey Agree.

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