| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 205.10 | 2.1% | 16.9% |
| Total Income | 205.10 | 2.1% | 16.9% |
| Expenditure | 112.31 | 7.5% | 18.2% |
| PBT | — | ||
| Net Profit | 54.65 | 11.9% | 11.1% |
| OPM | 46.47% | 2.61pp | 0.25pp |
| NPM | 26.65% | 4.25pp | 1.38pp |
| EPS | 0.44 | 12.0% | 2.3% |
Agree Realty Corporation Reports Q2 2026 Results, Raises 2026 Guidance
31 Jul 2026 · 31 Jul, 1:44 am
Summary
Agree Realty Corporation reported strong second quarter 2026 results, highlighted by a record $502 million in investment activity. The company saw increases in key financial metrics, with Net Income per share up 2.2% to $0.44, Core FFO per share up 7.5% to $1.13, and AFFO per share up 7.4% to $1.14. Management raised full-year 2026 guidance for investment volume to $1.6 billion-$1.8 billion and AFFO per share to $4.57-$4.59, reflecting confidence in continued portfolio performance and growth platforms.
Key Highlights
- 1
Agree Realty Corporation invested a Company record of approximately $502 million in 102 retail net lease properties during the second quarter of 2026.
- 2
Net Income per share attributable to common stockholders increased 2.2% to $0.44 for the second quarter of 2026.
- 3
Core Funds from Operations ("Core FFO") per share increased 7.5% to $1.13 for the second quarter of 2026.
- 4
Adjusted Funds from Operations ("AFFO") per share increased 7.4% to $1.14 for the second quarter of 2026.
- 5
The Company declared a monthly dividend of $0.267 per common share for June, a 4.3% year-over-year increase.
- 6
Agree Realty Corporation raised its 2026 investment guidance to $1.6 billion to $1.8 billion and increased 2026 AFFO Per Share Guidance to $4.57 to $4.59.
Management Comments
Joey Agree
We are very pleased with our record performance during the first half of the year, as we posted the most active investment quarter and first half in Company history. With our portfolio continuing to perform exceptionally well, a fortress balance sheet backed by $1.9 billion of liquidity, and robust activity across all three of our external growth platforms, we are increasing full-year 2026 investment guidance to a range of $1.6 billion to $1.8 billion and raising 2026 AFFO per share guidance to a range of $4.57 to $4.59.
Informational and educational content only. Not investment advice.