Reports Q4 revenue $116.53M, consensus $115.09M. "We are extremely pleased with another year of record investment volume in 2022 as we continued to identify high-quality net lease opportunities to further strengthen the country’s preeminent retail portfolio," said Joey Agree, President and CEO. "In addition, we executed several strategic capital markets transactions to prefund our balance sheet for 2023. With total liquidity of $1.5B and more than $550M of outstanding forward equity at year end, we are extremely well positioned to execute without the need for additional capital. While the environment remains uncertain, I am confident in our ability to acquire at least $1B of high-quality net lease assets while maintaining investment spreads that continue to drive appropriate per share earnings growth."
Published first on TheFly
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