Agree Realty Corporation Reports First Quarter 2021 Results
INCREASES 2021 ACQUISITION GUIDANCE TO $1.1 BILLION TO $1.3 BILLION; LAUNCHES PROPRIETARY TECHNOLOGY PLATFORM ( ARC )
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BLOOMFIELD HILLS, Mich., May 3, 2021 /PRNewswire/ Agree Realty Corporation (NYSE: ADC) (the Company ) today announced results for the quarter ended March 31, 2021. All per share amounts included herein are on a diluted per common share basis unless otherwise stated.
First Quarter 2021 Financial and Operating Highlights:
Invested approximately $391 million in 90 retail net lease properties
Approximately 32% of annualized base rents acquired were derived from ground leased assets
Increased Net Income attributable to the Company 41.8% to $30.1 million; 2.7% increase per share to $0.48
Two people were taken to a hospital after a gas station sign came crashing down onto the car they were in. Malden police say strong winds were likely the cause of the gas station sign at John's Auto Service toppling to the ground Friday evening. Sign up for our Newsletters The car was near the intersection of Wesley and Beech streets when it was struck by the sign. A gas station attendant at John's Auto Service told NewsCenter 5's Peter.
Direct Tire owner Barry Steinberg dies
Direct Tire owner Barry Steinberg dies
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WATERTOWN, Mass. Barry Steinberg, founder and CEO of Direct Tire & Auto Service, died April 27 of prostate cancer. He was 75.
He served in the U.S. Army in Thailand during the Vietnam War. After his service, Mr. Steinberg began a lifelong career in the auto service business, initially working for Duddy Kravitz at Duddy s Tire.
In 1974, he partnered with his friend Albee Stone, founding Direct Tire & Auto Service in Watertown. After six months he bought Mr. Stone s share of the business.
The
dealership grew to five locations in the Boston area in Watertown, Norwood, Peabody, Natick and Medway.
Bumper launches interest free payment platform in Ireland Add to Bookmarks
Bumper has launched its interest-free payment platform for car repairs and servicing in Ireland, its first European market outside of the UK.
The rollout started this month with the debut of its services to over 100 dealers across Ireland.
Bumper was previously called Auto Service Finance, The company has helped over 100,000 car owners use interest free credit to fund their servicing and repair bills in the UK.
The company won the Motor Finance Product of the year at the 2020 Motor Industry Awards.
“Introducing Bumper into Ireland with the support of Ford and Jaguar Land Rover, and their respective dealer networks, marks the next stage in our expansion plan,” said James Jackson, CEO and co-founder of Bumper.
James Jackson, the chief executive and co-founder of Bumper, said: “Introducing Bumper into Ireland with the support of Ford and Jaguar Land Rover, and their respective dealer networks, marks the next stage in our expansion plan.
“We are talking to other OEMs and dealer groups in Ireland and plan to significantly grow our presence over the coming months. Within the UK we already provide our platform to over 3,000 sites and our proven proposition is now resonating with dealers in Ireland.
“The experience gained through our launch in Ireland has put the Bumper team in a better position for operating in other European countries and we’re excited to see what the future brings.”