---
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"
generated_at: "2026-05-15T05:15:32.441488+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Agree Realty Q1 Core FFO $1.13 (+8.1% YoY); raises $658M forward equity

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000917251-26-000046
- JSON: https://secwatch.observer/filing/0000917251-26-000046.json
- Plain text: https://secwatch.observer/filing/0000917251-26-000046.txt

## Key facts
- Earnings Releases
  AGREE REALTY CORP reported the first quarter ended March 31, 2026 results: net income $60.2 million, EPS $0.50. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2026
  - Net income: $60.2 million
  - EPS: $0.50
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/917251/000091725126000046/0000917251-26-000046-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.