Agree Realty Corp 8-K, filed Jun 22, 2020
Agree Realty Corp (ADC)
About this 8-K
Agree Realty Corp filed this 8-K on June 22, 2020.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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| Item 7.01. | Regulation FD Disclosure. |
On June 22, 2020, Agree Realty Corporation (the “Company”) issued a press release announcing the Company’s progress on June rent collections and provided an update on April and May rent collections.
A copy of the press release is furnished as Exhibit 99.1 to this report.
The Company has posted a copy of the press release in the Invest section of its website at www.agreerealty.com.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits |
| Exhibit | Description |
| 99.1 | Press release, dated June 22, 2020, entitled “Agree Realty Provides Rent Collections Update”. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AGREE REALTY CORPORATION | ||
| By: | /s/ Clayton R. Thelen | |
| Name: Clayton R. Thelen | ||
| Title: Chief Financial Officer and Secretary | ||
Date: June 22, 2020
Exhibit 99.1
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70 E. Long Lake Rd. Bloomfield Hills, MI 48304 www.agreerealty.com |
FOR IMMEDIATE RELEASE
Agree Realty Provides Rent Collections Update
Provides Initial June Rent Collections and Update on April & May Rent Collections
Bloomfield Hills, MI, June 22, 2020 -- Agree Realty Corporation (NYSE: ADC) (the “Company”) today announced its progress on June rent collections and provided an update on April and May rent collections.
As of June 22, 2020, the Company has received June rent payments from 88% of its portfolio and entered into June deferral agreements with tenants representing 5% of June rents. The Company has received April and May rent payments from 91% and 88% of its portfolio, respectively.
About Agree Realty Corporation
Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of March 31, 2020, the Company owned and operated a portfolio of 868 properties, located in 46 states and containing approximately 16.3 million square feet of gross leasable area. The common stock of Agree Realty Corporation is listed on the New York Stock Exchange under the symbol “ADC”. For additional information, please visit www.agreerealty.com.
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Contact:
Clay Thelen
Chief Financial Officer
Agree Realty Corporation
(248) 737-4190