secwatch.observer — SEC 8-K summary
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Issuer:     AGREE REALTY CORP (ADC)
CIK:        0000917251
Form:       8-K
Filed at:   2026-07-30T20:05:59+00:00
Accession:  0000917251-26-000061
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/917251/000091725126000061/0000917251-26-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/917251/000091725126000061/adc-20260730.htm
  HTML page:      https://secwatch.observer/filing/0000917251-26-000061

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