AGREE REALTY CORP

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.

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.

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.

Agree Realty Corporation announced its weighted-average number of common shares outstanding for the three and six months ended June 30, 2026. For basic earnings per share, the weighted-average shares were 119,996,944 for Q2 2026 and 119,924,725 for H1 2026. For diluted earnings per share, including the effect of dilutive securities and Operating Partnership Units, the total was 120,834,875 for Q2 2026 and 120,796,758 for H1 2026. The company used the treasury stock method to account for potential dilution from forward equity offerings.

Agree Realty Corporation held its 2026 annual meeting of stockholders on May 14, 2026. Stockholders elected two directors to serve until the 2029 annual meeting, ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for 2026, and approved executive compensation through a non-binding vote. All proposals presented at the meeting were approved.

Agree Realty Corporation has entered into an Equity Distribution Agreement to offer up to $1,750,000,000 of its common stock. This agreement involves multiple financial institutions acting as agents, forward purchasers, and forward sellers, including Wells Fargo Securities, BofA Securities, Citigroup Global Markets, and J.P. Morgan Securities. The offering is a common method for the company to raise capital, which can be used for general corporate purposes, including property acquisitions or debt repayment.

AGREE REALTY CORP has filed its Form 10-Q for the quarter ended March 31, 2026. The report includes the unaudited condensed consolidated financial statements, management's discussion and analysis, and other disclosures. As of April 20, 2026, the company reported 120,102,901 shares of common stock issued and outstanding.

Agree Realty Corporation announced its financial results for the first quarter ended March 31, 2026, through a press release issued on April 21, 2026. The company also made available an updated investor presentation and supplemental financial information on its website, providing additional financial and operating metrics for the quarter.