Agree Realty Earnings Reports

The company delivered strong Q3 2025 performance, marked by record investment activity, improved AFFO per share, and a strengthened balance sheet with a new A- rating.

Agree Realty delivered steady operational performance in Q2 2025, with modest growth in AFFO and Core FFO per share despite a year-over-year decline in Net Income. The portfolio remained nearly fully leased, and the company raised investment and AFFO guidance for FY 2025.

Agree Realty delivered strong Q1 2025 results with increased AFFO, solid investment volumes, and a highly leased portfolio, reinforcing its strategic expansion and financial resilience.

Agree Realty Corporation reported a net income of $43.4 million for Q4 2024, a 1.6% decline from the prior year. Adjusted Funds from Operations (AFFO) increased by 9.1% to $109.5 million, with AFFO per share rising 4.7% to $1.04. Core Funds from Operations (Core FFO) rose 7.9% to $107.6 million. The company invested $371 million in 127 retail net lease properties and commenced eight development projects. Liquidity remained strong at over $2.0 billion.

Agree Realty Corporation announced its Q3 2024 results, with net income increasing by 7.2% to $42.5 million. The company raised its 2024 acquisition guidance to approximately $850 million, driven by capital markets activities that resulted in a record liquidity of over $1.9 billion.

Agree Realty Corporation reported strong second-quarter results, with a 35.5% increase in net income to $52.9 million and a 6.4% increase in AFFO per share to $1.04. The company increased its full-year acquisition guidance to approximately $700 million and raised its 2024 AFFO per share guidance to $4.11 to $4.14. Additionally, they expanded their Credit Facility to $1.25 Billion.

Agree Realty Corporation announced its Q1 2024 results, featuring an 8.2% increase in net income to $43.0 million and a 15.9% increase in AFFO to $103.3 million. The company introduced full-year acquisition guidance of approximately $600 million and anticipates 2024 AFFO per share between $4.10 and $4.13.

Agree Realty Corporation announced its Q4 and full year 2023 results. The company's net income for the quarter increased by 12.9% to $44.1 million. Total acquisition volume for the fourth quarter was approximately $187.2 million.

Agree Realty Corporation announced its Q3 2023 results, with net income increasing by 5.6% to $39.7 million and Core FFO increasing by 23.3% to $96.4 million. The company's portfolio consisted of 2,084 properties in 49 states, with 99.7% leased and 68.9% of annualized base rents from investment grade retail tenants. Total acquisition volume for the quarter was approximately $398.3 million.

Agree Realty Corporation announced its Q2 2023 results, featuring an increase in net income to $39.0 million and AFFO to $91.8 million. The company increased its full-year acquisition guidance to at least $1.3 billion and surpassed 2,000 properties in its portfolio.

Agree Realty Corporation announced a strong first quarter 2023 with net income increasing by 16.1% to $39.8 million and AFFO increasing 28.7% to $89.1 million. The company increased its full-year acquisition guidance to at least $1.2 billion.

Agree Realty Corporation announced its Q4 and record full year 2022 results. The company reported an increase in net income attributable to common stockholders and core FFO for the quarter. Total acquisition volume for the fourth quarter was approximately $404.9 million.

Agree Realty Corporation reported an increase in net income and Core FFO for the third quarter of 2022, driven by strategic capital markets transactions and a strong portfolio. The company increased the lower end of its 2022 acquisition guidance to $1.6 billion and fortified its balance sheet with over $800 million of capital raised.

Agree Realty Corporation announced strong second quarter 2022 results, with net income attributable to common stockholders increasing by 52.7% to $34.1 million. The company also increased its full-year acquisition guidance to a range of $1.5 billion to $1.7 billion and raised its 2022 development and PCS guidance to $75 million to $125 million.

Agree Realty Corporation announced a strong start to 2022 with increased acquisition guidance to $1.4 billion to $1.6 billion. The company's portfolio consisted of 1,510 properties located in 47 states, with 99.6% leased. Total acquisition volume for the quarter was approximately $407.2 million.

Agree Realty Corporation announced its Q4 and full year 2021 results, with a notable increase in net income and core FFO. The company's portfolio consisted of 1,404 properties, and total acquisition volume for the quarter was approximately $314.7 million.

Agree Realty Corporation reported a 70.9% increase in net income for the three months ended September 30, 2021, reaching $36.4 million compared to $21.3 million in the same period of 2020. Core FFO increased 44.0% to $64.0 million. Total acquisition volume for the third quarter was approximately $340.1 million.

Agree Realty Corporation announced its second quarter 2021 results, with net income decreasing to $22.3 million, but Core FFO increasing by 43.4% to $58.6 million. The company raised its 2021 acquisition guidance to $1.2 billion to $1.4 billion and saw ground lease exposure increase to a record 12.7%.

Agree Realty Corporation announced a strong start to the year with a 41.8% increase in net income to $30.1 million and a 42.0% increase in Core FFO to $53.3 million. The company increased its full-year acquisition guidance to a range of $1.1 billion to $1.3 billion and launched a proprietary technology platform called ARC.

Agree Realty Corporation announced a 4.7% increase in net income for the quarter ended December 31, 2020, reaching $23.6 million. Core FFO and AFFO also saw significant increases, and the company's portfolio consisted of 1,129 properties with a high occupancy rate of 99.5%.

Agree Realty Corporation announced third quarter 2020 results, highlighted by a record $471 million invested and an increase in acquisition guidance to $1.25 billion to $1.35 billion. The company reported net income of $21.3 million and Core FFO of $44.5 million, with rent collections exceeding 97% during the quarter.

Agree Realty Corporation announced record second quarter 2020 results, with net income increasing by 36.1% and core FFO rising by 32.0%. The company also increased its 2020 acquisition guidance to $900 million to $1.1 billion.

Agree Realty Corporation announced a 15.7% increase in net income, reaching $21.2 million for the quarter ended March 31, 2020. Core FFO increased by 31.4% to $37.6 million, and AFFO increased by 34.1% to $37.2 million. The company also increased its acquisition guidance for 2020 to a range of $700 million to $800 million.

Agree Realty Corporation reported a strong fourth quarter and record full year for 2019. Key highlights include a significant increase in net income, core FFO, and AFFO. The company continued to execute its operating strategy with record investment volume and opportunistic disposition activities.