Agree Realty Q4 2022 Earnings Report
Key Takeaways
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.
Net Income for the three months ended December 31, 2022 increased 24.8% to $39.1 million, compared to $31.3 million for the comparable period in 2021.
Core FFO for the three months ended December 31, 2022 increased 30.0% to $85.3 million, compared to Core FFO of $65.6 million for the comparable period in 2021.
AFFO for the three months ended December 31, 2022 increased 30.5% to $84.4 million, compared to AFFO of $64.7 million for the comparable period in 2021.
Total acquisition volume for the fourth quarter was approximately $404.9 million.
Agree Realty
Agree Realty
Forward Guidance
The Company expects to acquire at least $1 billion of high-quality net lease assets while maintaining investment spreads that continue to drive appropriate per share earnings growth.