{"schema_version":"secwatch.filing_event.v1","accession":"0000917251-26-000046","form_type":"8-K","ticker":"ADC","cik":"0000917251","company_name":"AGREE REALTY CORP","filed_at":"2026-04-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.931922+00:00","generated_at":"2026-05-15T05:15:32.441488+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Agree Realty Q1 Core FFO $1.13 (+8.1% YoY); raises $658M forward equity","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000917251-26-000046","json":"https://secwatch.observer/filing/0000917251-26-000046.json","markdown":"https://secwatch.observer/filing/0000917251-26-000046.md","text":"https://secwatch.observer/filing/0000917251-26-000046.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917251/000091725126000046/0000917251-26-000046-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917251/000091725126000046/adc-20260421.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T05:15:32.441488+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":[{"claim_id":"00a6b4797da6ad8ff1e3ee07c0174038a9412ca6","claim":"AGREE REALTY CORP reported the first quarter ended March 31, 2026 results: net income $60.2 million, EPS $0.50. Guidance reaffirmed.","evidence_excerpt":"Net Income for the three months ended March 31, 2026 increased 33.4% to $60.2 million, compared to $45.1 million for the comparable period in 2025. Net Income per share for the three months ended March 31 st increased 19.1% to $0.50, compared to $0.42 for the comparable period in 2025.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/917251/000091725126000046/0000917251-26-000046-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2026"},{"label":"Net income","value":"$60.2 million"},{"label":"EPS","value":"$0.50"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}