Agree Realty Q4 2021 Earnings Report
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.
Agree Realty
Agree Realty
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.