Agree Realty Q3 2023 Earnings Report
Key Takeaways
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.
Net income for the quarter increased 5.6% to $39.7 million compared to the same period in 2022.
Core FFO for the quarter increased 23.3% to $96.4 million compared to the same period in 2022.
Total acquisition volume for the quarter was approximately $398.3 million.
The company's portfolio consisted of 2,084 properties, with 99.7% leased and 68.9% of annualized base rents from investment grade retail tenants.
Agree Realty
Agree Realty
Forward Guidance
The Company now anticipates acquisition volume for the full-year 2023 to be approximately $1.3 billion of high-quality retail net lease properties.