The dividend represents an annualized cash dividend of $1.84. The dividend is the same quarterly amount paid out by the company on July 13, 2000. Agree owns, manages and develops properties, which are primarily neighborhood community shopping centers, or single-tenant properties, leased to retail tenants.
The company owns and operates a portfolio of 46 properties containing approximately 3.5 million sf of gross leasable area, located in 13 states. The common stock of the company is listed on the New York Stock Exchange under the symbol ADC.
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