---
schema_version: "secwatch.filing_event.v1"
accession: "0000917251-26-000061"
form_type: "8-K"
ticker: "ADC"
cik: "0000917251"
company_name: "AGREE REALTY CORP"
filed_at: "2026-07-30T20:05:59+00:00"
generated_at: "2026-07-30T20:07:40.985574+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Agree Realty Q2 AFFO $1.14, record investment $502M, raises 2026 guidance

## Summary
- AFFO per share $1.14 (+7.4% YoY); Core FFO $1.13 (+7.5% YoY); net income $0.44 (+2.2% YoY).
- Record quarterly investment of $502M in 102 net lease properties; H1 total $925M.
- 2026 AFFO guidance raised to $4.57-$4.59 (from $4.54-$4.58); investment guidance raised to $1.6B-$1.8B.
- Monthly dividend $0.267/share (+4.3% YoY); payout ratio ~70% of AFFO.
- Portfolio 99.8% leased; proforma net debt/EBITDA 3.7x; liquidity $1.9B.

## SEC filing metadata
- accession: 0000917251-26-000061
- form_type: 8-K
- ticker: ADC
- cik: 0000917251
- company_name: AGREE REALTY CORP
- filed_at: 2026-07-30T20:05:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/917251/000091725126000061/0000917251-26-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/917251/000091725126000061/adc-20260730.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000917251-26-000061
- JSON: https://secwatch.observer/filing/0000917251-26-000061.json
- Plain text: https://secwatch.observer/filing/0000917251-26-000061.txt

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