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Dec 31, 2021
Agree Realty Q4 2021 Earnings Report
Agree Realty reported increased net income and core FFO for Q4 2021.
Key Takeaways
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.
Net Income for the three months ended December 31, 2021 increased 32.5% to $31.3 million.
Net Income per share for the three months ended December 31, 2021 increased 5.2% to $0.44.
Core FFO for the three months ended December 31, 2021 increased 38.6% to $65.6 million.
AFFO for the three months ended December 31, 2021 increased 37.4% to $64.7 million.
Forward Guidance
The Company's outlook for acquisition volume in 2022 remains between $1.1 billion and $1.3 billion of high-quality retail net lease properties. The Company's disposition guidance for 2022 remains between $25 million and $75 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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