{"filings":[{"id":443037,"accession_number":"0000917251-26-000050","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2026-05-14T20:19:15+00:00","items":["5.07","9.01"],"status":"ready","headline":"Agree Realty annual meeting elects directors, ratifies auditor, approves say-on-pay","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stockholders re-elected directors John Rakolta Jr. (100.8M for) and Jerome Rossi (92.9M for) to three-year terms.","Ratification of Grant Thornton LLP as independent auditor received 107.7M for, 1.5M against.","Non-binding advisory vote on executive compensation approved: 97.7M for, 4.7M against, 6.8M broker non-votes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99747,"accession_number":"0001628280-26-027250","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2026-04-24T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Agree Realty launches up to $1.75B ATM equity program with forward sales","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New ATM equity distribution agreement allows issuance of up to $1.75B in common stock.","Prior ATM program from October 2024 terminated simultaneously.","Shares may be sold through sales agents or via forward sale agreements with forward purchasers.","Sales agent commission capped at 2.0% of gross proceeds per share sold.","Company may elect to physically, cash, or net share settle forward transactions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99746,"accession_number":"0000917251-26-000046","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2026-04-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Agree Realty Q1 Core FFO $1.13 (+8.1% YoY); raises $658M forward equity","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $60.2M, diluted EPS $0.50 (+19.1% YoY).","Core FFO $1.13/share, AFFO $1.14/share; monthly dividend raised 4.3% to $0.267.","Invested $424M in 100 retail net lease properties at 7.1% cap rate.","Sold 8.7M shares via ATM for ~$658M net proceeds; total liquidity ~$2.3B.","2026 AFFO guidance reaffirmed at $4.54-$4.58; portfolio 99.7% leased."],"consensus_eps_estimate":null,"consensus_eps_actual":0.5,"consensus_revenue_estimate":null,"consensus_revenue_actual":200807000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":99745,"accession_number":"0000917251-26-000030","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2026-04-02T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Agree Realty reports Q1 2026 weighted-average basic shares of 119.9M, diluted 120.4M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Weighted-average basic shares: 119,856,418; diluted shares: 120,375,633.","Diluted shares include 120,783 share-based compensation and 398,432 from forward equity offerings.","Including OP units, weighted-average diluted shares total 120,723,252.","No financial results or guidance were provided in this filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":115927,"accession_number":"0000917251-26-000017","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2026-02-26T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Agree Realty enters forward equity sales for $623M; total forward equity $1.3B","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Agreed to sell 8.3M shares via forward sale agreements, net proceeds over $623M.","Total outstanding forward equity now 17.9M shares, representing net proceeds over $1.3B.","Total liquidity over $2.5B, including $812M revolver availability and $350M term loan."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":115926,"accession_number":"0000917251-26-000012","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2026-02-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Agree Realty Q4 AFFO $1.11 (+6.5%); FY25 AFFO $4.33; guides 2026 AFFO $4.54-$4.58, boosts investment guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 2025 AFFO per share $1.11 (+6.5% YoY); Core FFO per share $1.10 (+7.3%). Net income $54.2M (+24.9%).","FY2025 AFFO per share $4.33 (+4.6%); invested $1.55B in 338 properties at 7.2% cap rate.","Initial 2026 AFFO guidance $4.54-$4.58; investment volume increased to $1.4B-$1.6B.","Achieved A- issuer rating from Fitch; closed $400M 5.60% notes due 2035 at 5.35% all-in.","Proforma net debt to recurring EBITDA 3.8x; $2.0B liquidity including $716M unsettled forward equity."],"consensus_eps_estimate":null,"consensus_eps_actual":1.77,"consensus_revenue_estimate":null,"consensus_revenue_actual":718398000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":115925,"accession_number":"0001104659-26-000619","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2026-01-05T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Agree Realty posts $1.55B 2025 investment volume, guides 2026 to $1.25-1.50B","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["2025 total investment volume ~$1.55B across 338 properties; acquisitions of $1.44B at 7.2% cap rate.","Q4 acquisition volume >$347M at 7.1% cap; portfolio 66.8% annualized base rents from investment grade tenants.","2026 investment outlook: $1.25B to $1.50B of retail net lease properties.","New $350M term loan fixed at 4.02% via swaps; total liquidity exceeds $2.0B.","Q4 2025 weighted-average diluted shares ~115.0M; FY 2025 ~111.2M (including OP units)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132344,"accession_number":"0001104659-25-113644","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2025-11-18T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Agree Realty enters $350M term loan facility, cuts credit spreads on revolving and term loans","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New $350M unsecured delayed draw term loan matures May 15, 2031; no borrowings outstanding at signing.","First Amendment to revolving credit reduces SOFR credit spread adjustment from 10bps to 0bps; rate now SOFR + 72.5bps.","Second Amendment to existing term loan cuts credit spread adjustment from 10bps to 0bps; fixed swap rate now 4.37%.","Facility includes option to increase aggregate loans to $500M, subject to lender consent.","Proceeds for general corporate purposes; lenders include PNC, Wells Fargo, and JPMorgan."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132343,"accession_number":"0001104659-25-101229","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2025-10-21T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Agree Realty Q3 AFFO $1.10, +7.2% YoY; raises 2025 guidance, dividend up 3.6%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income per share $0.45 (+7.9% YoY); Core FFO $1.09 (+8.4%); AFFO $1.10 (+7.2%).","2025 AFFO per share guidance raised to $4.31-$4.33; investment guidance raised to $1.50B-$1.65B.","Invested $451M in 110 properties in Q3; portfolio 99.7% leased, 2,603 properties, 53.7M sq ft.","Monthly dividend increased to $0.262 for Oct (+3.6% YoY); annualized $3.144; payout ratio ~70%.","Secured A- rating from Fitch; settled 3.5M shares for $252M; new $350M term loan fixed at 4.02%."],"consensus_eps_estimate":null,"consensus_eps_actual":1.3,"consensus_revenue_estimate":null,"consensus_revenue_actual":527909000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":132342,"accession_number":"0001104659-25-096055","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2025-10-02T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Agree Realty discloses weighted-average share counts for Q3 and YTD 2025","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Basic weighted-average shares for Q3 2025: 111,277,316; diluted: 111,511,615.","Nine-month basic shares: 109,383,735; diluted: 109,875,336.","Including OP units, diluted shares were 111,859,234 (Q3) and 110,222,955 (9 months).","Forward equity offerings added 21,355 incremental diluted shares in Q3; 274,536 YTD.","Unvested restricted shares of 253,716 excluded from basic EPS for both periods."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148920,"accession_number":"0001104659-25-072681","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2025-07-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Agree Realty Q2 AFFO per share up 1.7% to $1.06, raises 2025 guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 net income $0.43/sh (down 18.5% YoY); Core FFO $1.05 (+1.3%); AFFO $1.06 (+1.7%).","Raised 2025 AFFO guidance to $4.29-$4.32 (prior $4.27-$4.30) and investment target to $1.4-$1.6B.","Completed $400M bond offering at 5.60% (all-in 5.35%) and 5.2M share forward equity raise for ~$387M.","Portfolio 99.6% leased, 67.8% from IG tenants; $350M invested in Q2 across 110 properties."],"consensus_eps_estimate":null,"consensus_eps_actual":0.85,"consensus_revenue_estimate":null,"consensus_revenue_actual":344687000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":148919,"accession_number":"0001558370-25-009057","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2025-07-02T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Agree Realty discloses weighted-average share counts for Q2 2025","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Basic weighted-average shares for Q2 2025: 109,758,046; diluted: 110,377,221.","Including OP units, diluted shares for Q2 2025: 110,724,840.","Forward equity offerings added 439,308 incremental diluted shares in Q2 2025.","Six-month basic weighted-average shares: 108,419,011; diluted: 108,996,422.","Share count data used for EPS calculation; no earnings or guidance disclosed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167836,"accession_number":"0001104659-25-052425","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2025-05-23T23:59:59+00:00","items":["1.01","2.03","8.01","9.01"],"status":"ready","headline":"Agree Realty subsidiary issues $400M of 5.600% Notes due 2035","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$400M aggregate principal, 5.600% interest, matures June 15, 2035.","Net proceeds approx. $393.6M after underwriting discount and expenses.","Notes are senior unsecured obligations, rank equally with existing senior notes.","Redeemable at make-whole prior to March 15, 2035; at par thereafter.","Guaranteed by parent Agree Realty and certain subsidiary guarantors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167835,"accession_number":"0001104659-25-050018","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2025-05-16T23:59:59+00:00","items":["5.03","5.07","9.01"],"status":"ready","headline":"Agree Realty shareholders approve doubling authorized common shares to 360M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shareholders approved charter amendment increasing authorized common shares from 180M to 360M (96.6M for, 2.1M against).","Directors Joel Agree, Michael Judlowe, and Gregory Lehmkuhl reelected with >86M votes each, broker non-votes of 5.85M.","Grant Thornton LLP ratified as independent auditor for 2025 (97.8M for, 0.98M against).","Non-binding advisory vote on executive compensation approved with 87.5M for, 5.4M against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167834,"accession_number":"0001104659-25-050015","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2025-05-16T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Agree Realty subsidiary to issue $400M of 5.600% Notes due 2035","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Agree Limited Partnership to issue $400M of 5.600% Notes due 2035, guaranteed by parent Agree Realty Corp.","Underwriters: J.P. Morgan, Mizuho, PNC, Wells Fargo as representatives.","Underwriting agreement entered into on May 14, 2025; public offering of notes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167833,"accession_number":"0001104659-25-039411","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2025-04-25T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Agree Realty prices public offering of up to 5.175M shares at $75.70 per share","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Up to 5,175,000 shares offered at $75.70 per share; underwriters option for 675,000 additional shares.","Offering closed April 25, 2025; net proceeds for general corporate purposes including acquisitions and debt repayment.","Revolving credit facility had no outstanding balance as of April 16, 2025; $350M commercial paper outstanding.","Forward Sale Agreement with Bank of America as forward purchaser; underwriting agreement with BofA Securities."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167832,"accession_number":"0001104659-25-037417","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2025-04-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Agree Realty Q1 AFFO up 3%, raises 2025 investment guidance to $1.3-$1.5B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["AFFO per share $1.06 (+3.0% YoY); Core FFO per share $1.04 (+3.1% YoY).","Net income per share $0.42 (-2.0% YoY); Q1 investment volume $377M.","Increased monthly dividend to $0.256 per share (2.4% YoY) for April 2025.","Raised 2025 investment guidance to $1.3B-$1.5B and AFFO/share guidance to $4.27-$4.30.","Established $625M commercial paper program; proforma net debt/EBITDA 3.4x; liquidity ~$1.9B."],"consensus_eps_estimate":null,"consensus_eps_actual":0.42,"consensus_revenue_estimate":null,"consensus_revenue_actual":169160000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":167831,"accession_number":"0001558370-25-004390","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2025-04-03T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Agree Realty reports Q1 2025 weighted-average diluted shares of 107.9M","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Weighted-average basic shares: 107,048,557; diluted: 107,547,193 for three months ended March 31, 2025.","OP Units included in diluted count: 347,619, bringing total to 107,894,812.","Incremental dilutive shares from forward equity offerings: 362,947 via treasury stock method."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":185089,"accession_number":"0001104659-25-029860","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2025-03-31T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Agree Realty subsidiary establishes $625M commercial paper program","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Agree Limited Partnership created a CP program with aggregate principal up to $625M.","Notes are unsecured, mature in up to 397 days, and guaranteed by parent and certain subsidiaries.","No notes outstanding at launch; 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used for general corporate purposes (implied).","Shares issued under S-3ASR shelf registration."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201698,"accession_number":"0001104659-24-111474","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2024-10-25T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Agree Realty enters into $1.25B ATM equity distribution program, replacing prior program.","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Up to $1.25B of common stock may be sold at-the-market under new agreement.","Prior February 2024 ATM program terminated upon execution.","Forward sale agreements allow for delayed issuance; initial proceeds not received.","Commissions up to 2.0% of gross sales price.","Shares offered via NYSE or negotiated transactions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201697,"accession_number":"0001104659-24-110557","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2024-10-22T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Agree Realty Q3 2024 Core FFO $1.01, raises acquisition guidance to $850M, AFFO guidance to $4.12-$4.14","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income per share $0.42 (+2.6% YoY); Core FFO $1.01 (+2.2%); AFFO $1.03 (+2.8%).","Invested ~$237M in 93 retail net lease properties; raised 2024 acquisition target to ~$850M.","Sold 6.6M shares via ATM forward for ~$469M; total liquidity now >$1.9B.","Proforma net debt to recurring EBITDA 3.6x; portfolio 99.6% leased with 7.9yr WALT.","Monthly dividend raised to $0.253/share (+2.4% YoY); AFFO payout ratio ~73%."],"consensus_eps_estimate":null,"consensus_eps_actual":1.37,"consensus_revenue_estimate":null,"consensus_revenue_actual":456361000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":8996905459.2646,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":201696,"accession_number":"0001104659-24-105422","cik":917251,"company_name":"AGREE REALTY CORP","ticker":"ADC","form_type":"8-K","filed_at":"2024-10-02T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Agree Realty discloses weighted-average share counts for Q3 2024; 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