{"schema_version":"secwatch.filing_event.v1","accession":"0000917251-26-000012","form_type":"8-K","ticker":"ADC","cik":"0000917251","company_name":"AGREE REALTY CORP","filed_at":"2026-02-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.026809+00:00","generated_at":"2026-05-16T03:46:41.163258+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Agree Realty Q4 AFFO $1.11 (+6.5%); FY25 AFFO $4.33; guides 2026 AFFO $4.54-$4.58, boosts investment guidance","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000917251-26-000012","json":"https://secwatch.observer/filing/0000917251-26-000012.json","markdown":"https://secwatch.observer/filing/0000917251-26-000012.md","text":"https://secwatch.observer/filing/0000917251-26-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917251/000091725126000012/0000917251-26-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917251/000091725126000012/adc-20260210.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T03:46:41.163258+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}