Earnings summaries and quarterly performance for AGREE REALTY.
Executive leadership at AGREE REALTY.
Joel Agree
Detailed
President and Chief Executive Officer
CEO
CE
Craig Erlich
Detailed
Chief Growth Officer
DS
Danielle Spehar
Detailed
General Counsel
NW
Nicole Witteveen
Detailed
Chief Operating Officer
PC
Peter Coughenour
Detailed
Chief Financial Officer and Secretary
RA
Richard Agree
Detailed
Executive Chairman of the Board
Board of directors at AGREE REALTY.
GL
Gregory Lehmkuhl
Detailed
Lead Independent Director
JR
Jerome Rossi
Detailed
Independent Director
JR
John Rakolta, Jr.
Detailed
Independent Director
KD
Karen Dearing
Detailed
Independent Director
LH
Linglong He
Detailed
Independent Director
MF
Merrie Frankel
Detailed
Independent Director
MH
Michael Hollman
Detailed
Independent Director
MJ
Michael Judlowe
Detailed
Independent Director
Research analysts who have asked questions during AGREE REALTY earnings calls.
Michael Goldsmith
UBS
7 questions for ADC
Also covers: AHR, AMH, AVB +33 more
Rich Hightower
Barclays
7 questions for ADC
Also covers: AMH, AVB, CPT +18 more
RK
Ronald Kamdem
Morgan Stanley
7 questions for ADC
Also covers: AAT, AHR, ALX +36 more
Upal Rana
KeyBanc Capital Markets
7 questions for ADC
Also covers: BDN, BNL, BXP +9 more
JK
James Kammert
Evercore ISI
5 questions for ADC
Also covers: ARE, CHCT, EPRT +6 more
JG
Jana Galan
Bank of America
5 questions for ADC
Also covers: AHH, BXP, CPT +20 more
KB
Ki Bin Kim
Truist Securities
5 questions for ADC
Also covers: AKR, BNL, BRX +20 more
WG
Wesley Golladay
Robert W. Baird & Co.
5 questions for ADC
Also covers: AHR, ARE, CPT +23 more
Eric Borden
BMO Capital Markets
4 questions for ADC
Also covers: BNL, EGP, EPRT +5 more
John Kilichowski
Wells Fargo & Company
4 questions for ADC
Also covers: CTRE, EPRT, FCPT +15 more
LY
Linda Yu Tsai
Jefferies Financial Group Inc.
4 questions for ADC
Also covers: AKR, BRX, EQR +11 more
RM
R.J. Milligan
Raymond James
4 questions for ADC
Also covers: CTO, FCPT, GLPI +5 more
SA
Spenser Allaway
Green Street
4 questions for ADC
Also covers: BNL, CUBE, EPR +6 more
BR
Bennett Rose
Citigroup
3 questions for ADC
Also covers: DRH, EPR, EPRT +8 more
Brad Heffern
RBC Capital Markets
3 questions for ADC
Also covers: AMH, AVB, CPT +15 more
Linda Tsai
Jefferies
3 questions for ADC
Also covers: AKR, AMH, AVB +31 more
RS
Rob Stevenson
Janney Montgomery Scott
3 questions for ADC
Also covers: ALEX, CSR, CTO +8 more
FG
Farrell Granath
Bank of America
2 questions for ADC
Also covers: AHR, ARE, CTRE +13 more
HS
Haendel St. Juste
Mizuho Financial Group
2 questions for ADC
Also covers: AAT, AIV, AMH +21 more
Matteo Orsenigo
Deutsche Bank
2 questions for ADC
Nick Joseph
Citigroup Inc.
2 questions for ADC
Also covers: AIV, ARE, AVB +12 more
SR
Smedes Rose
Citigroup
2 questions for ADC
Also covers: DRH, EPR, EPRT +16 more
SG
Spenser Glimcher
Green Street Advisors, LLC
2 questions for ADC
Also covers: CUBE, EPR, NNN +3 more
WJ
William John Kilichowski
Wells Fargo
2 questions for ADC
Also covers: CTRE, EPR, EPRT +14 more
Robert Stevenson
Janney Montgomery Scott LLC
1 question for ADC
Also covers: AHH, AIV, ALEX +17 more
SA
Samuel A.A. Ohiomah
Deutsche Bank
1 question for ADC
Also covers: NSA
Sheryl Kaul
Wells Fargo & Company
1 question for ADC
TO
Tayo Okusanya
M Science
1 question for ADC
Also covers: PSA
Recent press releases and 8-K filings for ADC.
Agree Realty Announces 2025 Investment Activity and 2026 Investment Outlook
ADC
Guidance Update
New Projects/Investments
Debt Issuance
- Agree Realty Corporation announced 2025 total real estate investment volume of approximately $1.55 billion, which included $1.44 billion in acquisitions of 305 retail net lease properties at a weighted-average capitalization rate of 7.2%.
- The company provided 2026 investment guidance for retail net lease properties between $1.25 billion and $1.50 billion.
- As of December 31, 2025, Agree Realty reported over $2.0 billion in liquidity and no material debt maturities.
- In November 2025, the company entered into an unsecured $350 million 5.5-year term loan with a fixed interest rate of 4.02%. During Q4 2025, 5.9 million shares were settled under existing forward sale agreements, yielding approximately $428 million in net proceeds.
4 days ago
Agree Realty Announces 2025 Investment Activity and 2026 Outlook
ADC
Guidance Update
New Projects/Investments
Debt Issuance
- Agree Realty's total real estate investment volume for 2025 reached approximately $1.55 billion, including $1.44 billion in acquisitions at a weighted-average capitalization rate of 7.2% and a weighted-average remaining lease term of 11.5 years.
- For 2026, the company anticipates investment volume, encompassing acquisitions, development, and DFP platforms, to be between $1.25 billion and $1.50 billion.
- As of December 31, 2025, Agree Realty maintained strong liquidity of over $2.0 billion, which includes approximately $1.3 billion in credit facility availability and over $716 million in outstanding forward equity. The company also secured a $350 million term loan in November 2025, with an interest rate fixed at 4.02%.
4 days ago
Agree Realty Declares Monthly Common and Preferred Dividends
ADC
Dividends
- Agree Realty Corporation's Board of Directors has declared a monthly cash dividend of $0.262 per common share.
- This common dividend reflects an annualized amount of $3.144 per common share, representing a 3.6% increase over the annualized dividend from the fourth quarter of 2024.
- The common dividend is payable on January 15, 2026, to stockholders of record as of December 31, 2025.
- Additionally, the company declared a monthly cash dividend of $0.08854 per depositary share on its 4.25% Series A Cumulative Redeemable Preferred Stock, payable on January 2, 2026.
Dec 11, 2025, 9:05 PM
Agree Realty Corporation Amends Term Loan Agreement
ADC
Debt Issuance
- Agree Realty Corporation's subsidiary, Agree Limited Partnership, entered into a Second Amendment to the Term Loan Agreement on November 17, 2025.
- The amendment reduces the SOFR Adjustment from ten basis points (0.10%) to zero basis points (0.00%) in the definition of "SOFR Adjustment".
- As a result of this amendment and existing interest rate swaps, the interest rate under the Existing Term Loan Agreement is now fixed at 4.37%. This fixed rate reflects a credit spread of 80 basis points plus a zero basis point credit spread adjustment.
- The amendment also includes various technical and administrative changes to align the Existing Term Loan Agreement with corresponding provisions in other credit agreements.
Nov 18, 2025, 9:05 PM
Agree Realty Declares Monthly Common and Preferred Dividends
ADC
Dividends
- Agree Realty Corporation (ADC) declared a monthly cash dividend of $0.262 per common share, which will be paid on December 12, 2025, to stockholders of record as of November 28, 2025.
- This common share dividend represents an annualized amount of $3.144 per share, marking a 3.6% increase over the annualized dividend from the fourth quarter of 2024.
- Additionally, the company declared a monthly cash dividend of $0.08854 per depositary share for its 4.25% Series A Cumulative Redeemable Preferred Stock, payable on December 1, 2025.
Nov 11, 2025, 9:05 PM
Agree Realty Corporation Reports Strong Q3 2025 Results and Raises Full-Year Guidance
ADC
Earnings
Guidance Update
New Projects/Investments
- Agree Realty Corporation reported a strong Q3 2025 with over $450 million in investment volume and increased its full-year 2025 investment guidance to a new range of $1.5 to $1.65 billion.
- The company raised its full-year AFFO per share guidance to a new range of $4.31 to $4.33, representing approximately 4.4% year-over-year growth at the midpoint.
- For Q3 2025, AFFO per share increased 7.2% year-over-year to $1.10, and Core FFO per share increased 8.4% year-over-year to $1.09.
- Agree Realty maintains a strong balance sheet with over $1.9 billion in liquidity and achieved an A-minus issuer rating from Fitch Ratings. Pro forma net debt to recurring EBITDA is 3.5 times.
- The portfolio demonstrated strength with 99.7% occupancy and 70% of annualized base rent acquired in Q3 from investment-grade retailers.
Oct 22, 2025, 1:00 PM
Agree Realty Updates 2025 Guidance and Reports Q3 2025 Investment Activity
ADC
Guidance Update
New Projects/Investments
Dividends
- Agree Realty raised its 2025 AFFO per share guidance to $4.31 to $4.33, representing 4.4% growth at the midpoint.
- The company increased its full-year 2025 investment guidance to a range of $1.50 billion to $1.65 billion.
- In Q3 2025, Agree Realty invested $451 million across 110 high-quality retail net lease assets, with approximately 70% of acquired base rents derived from investment-grade retailers.
- Agree Realty maintains a fortress balance sheet with over $1.9 billion in total liquidity and achieved an A- issuer rating with a stable outlook from Fitch Ratings.
- The monthly cash dividend was increased to $0.262 per common share for October, representing a 3.6% year-over-year increase.
Oct 22, 2025, 1:00 PM
ADC Reports Strong Q3 2025 Results, Raises Full-Year Guidance, and Achieves A- Credit Rating
ADC
Earnings
Guidance Update
New Projects/Investments
- ADC reported a strong Q3 2025, with investment volume exceeding $450 million across its three platforms, leading to an increase in full-year 2025 investment guidance to a range of $1.5 billion to $1.65 billion.
- The company raised its full-year 2025 Adjusted Funds From Operations (AFFO) per share guidance to $4.31 to $4.33, representing approximately 4.4% year-over-year growth at the midpoint.
- ADC achieved an A- issuer rating from Fitch Ratings in Q3 2025, bolstering its over $1.9 billion of liquidity and a pro forma net debt to recurring EBITDA of 3.5 times.
- The portfolio maintained strong operational metrics with 99.7% occupancy and 67% investment grade exposure.
Oct 22, 2025, 1:00 PM
Agree Realty Corporation Reports Q3 2025 Results and Raises 2025 Guidance
ADC
Earnings
Guidance Update
New Projects/Investments
- Agree Realty Corporation raised its 2025 investment guidance to a range of $1.50 billion to $1.65 billion and increased its 2025 Adjusted Funds from Operations (AFFO) per share guidance to $4.31 to $4.33.
- For the third quarter ended September 30, 2025, the company reported AFFO per share of $1.10, an increase of 7.2%, and Core FFO per share of $1.09, an increase of 8.4%.
- The company invested approximately $451 million in 110 retail net lease properties during Q3 2025 and reported over $1.9 billion of liquidity with a proforma net debt to recurring EBITDA of 3.5 times as of quarter-end.
- Agree Realty Corporation achieved an A- issuer rating from Fitch Ratings with a stable outlook and increased its monthly dividend to $0.262 per common share for October 2025, a 3.6% year-over-year increase.
Oct 21, 2025, 8:05 PM
Agree Realty Declares Increased Monthly Common Dividend
ADC
Dividends
- Agree Realty Corporation declared an increased monthly cash dividend of $0.262 per common share, representing a 2.3% month-over-month increase.
- This new dividend reflects an annualized amount of $3.144 per common share, which is a 3.6% increase over the annualized dividend from the fourth quarter of 2024.
- The common dividend is payable on November 14, 2025, to stockholders of record as of October 31, 2025.
- A monthly cash dividend of $0.08854 per depositary share was also declared for its 4.25% Series A Cumulative Redeemable Preferred Stock, payable on November 3, 2025.
Oct 14, 2025, 8:05 PM
Quarterly earnings call transcripts for AGREE REALTY.
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