Quarterly ResultJul 30, 2026, 04:15 PM
Agree Realty Q2 Rental Income +16.9% to $205M; EPS $0.44
AI Summary
Agree Realty Corporation reported strong financial results for the second quarter and first half of 2026. Rental income for Q2 2026 increased by 16.9% year-over-year to $204.98 million, with net income attributable to common stockholders rising 11.5% to $52.79 million, resulting in basic EPS of $0.44. For the first six months of 2026, rental income grew 17.75% to $405.66 million, and net income attributable to common stockholders increased 22.18% to $112.99 million. The company's total assets expanded to $10.59 billion, driven by an increase in net real estate investments.
Key Highlights
- Q2 2026 rental income increased 16.9% to $204.98 million.
- Q2 2026 net income attributable to common stockholders rose 11.5% to $52.79 million.
- Basic EPS for Q2 2026 was $0.44, up from $0.43 in Q2 2025.
- Total Assets as of June 30, 2026, grew 8.05% to $10.59 billion from December 31, 2025.
- Net real estate investments increased 7.83% to $9.24 billion as of June 30, 2026.
- Total Liabilities increased 15.32% to $4.07 billion as of June 30, 2026.
- The company owned 2,825 properties with 59.6 million square feet of GLA as of June 30, 2026.
Price Impact
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