Quarterly ResultJul 30, 2026, 04:14 PM
Agree Realty Q2 Record $502M Investment; Raises 2026 AFFO Guidance
AI Summary
Agree Realty Corporation announced strong second quarter 2026 results, including a record $502 million in investment activity. The company reported a 7.4% increase in AFFO per share to $1.14 and a 7.5% rise in Core FFO per share to $1.13. Following this performance, Agree Realty raised its full-year 2026 investment guidance to $1.6 billion-$1.8 billion and increased its 2026 AFFO per share guidance to $4.57-$4.59. The company also declared a monthly dividend of $0.267 per common share, representing a 4.3% year-over-year increase, and highlighted its strong balance sheet with $1.9 billion in liquidity.
Key Highlights
- Reported record quarterly investment activity of $502 million in 102 retail net lease properties.
- Increased 2026 investment guidance to $1.6 billion to $1.8 billion.
- Raised 2026 AFFO per share guidance to $4.57 to $4.59.
- Q2 2026 AFFO per share increased 7.4% to $1.14.
- Q2 2026 Core FFO per share increased 7.5% to $1.13.
- Declared a monthly dividend of $0.267 per common share for June, a 4.3% year-over-year increase.
- Maintained a strong balance sheet with 3.7 times proforma net debt to recurring EBITDA and $1.9 billion liquidity.
Price Impact
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