---
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"
generated_at: "2026-10-20T20:07:14.265455+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.62
calibrated_materiality_score: 0.62
confidence: "high"
source: SEC EDGAR
---

# Agree Realty Q3 AFFO/share $1.15 (+4.9%); 2026 guidance raised to $4.58-$4.59

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.62
- calibrated_materiality_score: 0.62
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000917251-26-000075
- JSON: https://secwatch.observer/filing/0000917251-26-000075.json
- Plain text: https://secwatch.observer/filing/0000917251-26-000075.txt

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