secwatch.observer — SEC 8-K summary
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Issuer:     AGREE REALTY CORP (ADC)
CIK:        0000917251
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0000917251-26-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/917251/000091725126000046/0000917251-26-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/917251/000091725126000046/adc-20260421.htm
  HTML page:      https://secwatch.observer/filing/0000917251-26-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer