Quarterly ResultOct 20, 2026, 04:11 PM
Agree Realty Q3 AFFO Per Share $1.15; Raises 2026 Guidance
AI Summary
Agree Realty Corporation announced its third quarter 2026 results, reporting significant year-over-year increases in Net Income, Core FFO, and AFFO. The company invested $358 million in 94 properties and increased its 2026 AFFO per share guidance to $4.58-$4.59. Agree Realty also strengthened its balance sheet with a $400 million bond offering and ended the quarter with $2.0 billion in liquidity, while also raising its monthly dividend by 4.3% year-over-year.
Key Highlights
- Agree Realty reported Q3 2026 Net Income of $66.5M, up 32.3% YoY, with Net Income per share at $0.53.
- Q3 2026 Core FFO increased 17.2% to $143.4M, and AFFO increased 17.2% to $144.2M.
- AFFO per share for Q3 2026 was $1.15, a 4.9% increase YoY.
- Company increased its 2026 AFFO per share guidance to $4.58 to $4.59.
- Invested approximately $358 million in 94 retail net lease properties during Q3 2026.
- Declared a monthly dividend of $0.267 per common share for September, a 4.3% YoY increase.
- Completed a $400 million public bond offering of 5.65% senior unsecured notes due 2036.
- Ended Q3 2026 with approximately $2.0 billion of liquidity.
Price Impact
More from ADC