{"schema_version":"secwatch.filing_event.v1","accession":"0000917251-26-000075","form_type":"8-K","ticker":"ADC","cik":"0000917251","company_name":"AGREE REALTY CORP","filed_at":"2026-10-20T20:05:27+00:00","discovered_at":"2026-10-20T20:07:00.250641+00:00","generated_at":"2026-10-20T20:07:14.265455+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.62,"calibrated_materiality_score":0.62,"confidence":"high","headline":"Agree Realty Q3 AFFO/share $1.15 (+4.9%); 2026 guidance raised to $4.58-$4.59","bullets":["Net income $66.5M (+32.3% YoY), $0.53/share (+18.5%); Core FFO $143.4M and AFFO $144.2M, both +17.2%, each $1.15/share.","Invested $357.7M in 94 net lease properties in Q3 ($308.6M acquisitions at 7.3% cap rate, 14.5-yr WALT); 9M investment volume ~$1.3B across 261 properties.","2026 guidance: AFFO/share narrowed up to $4.58-$4.59; investment volume cut to ~$1.6B from $1.6-$1.8B; dispositions raised to $100-$150M.","Monthly dividend $0.267/share (annualized $3.204, +4.3% YoY); October raised to $0.271, payable Nov 13 to holders of record Oct 30.","Balance sheet: $400M 5.65% notes due 2036 (5.36% all-in), 5.7M forward shares settled for $425.7M, ~$2.0B liquidity, proforma net debt/EBITDA 3.9x."],"urls":{"canonical":"https://secwatch.observer/filing/0000917251-26-000075","json":"https://secwatch.observer/filing/0000917251-26-000075.json","markdown":"https://secwatch.observer/filing/0000917251-26-000075.md","text":"https://secwatch.observer/filing/0000917251-26-000075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917251/000091725126000075/0000917251-26-000075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917251/000091725126000075/adc-20261020.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-20T20:07:14.265455+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}