{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-113466","form_type":"8-K","ticker":"ADC","cik":"0000917251","company_name":"AGREE REALTY CORP","filed_at":"2022-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:54.034826+00:00","generated_at":"2026-06-22T21:01:19.746706+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Agree Realty Q3 AFFO per share up 7.8% to $0.96; raises 2022 acquisition guidance to $1.6B","bullets":["Net income per share fell 11.1% to $0.46, but Core FFO per share rose 5.6% to $0.97 and AFFO per share rose 7.8% to $0.96.","Acquired 98 properties for $360M in Q3; raised lower end of full-year acquisition guidance to $1.6B (from $1.5B).","Declared increased monthly dividend of $0.240 per share for Oct 2022, a 5.7% YoY increase; payout ratio ~73% of AFFO.","Completed $300M bond offering at effective 3.76% all-in rate; raised over $800M in equity/debt during quarter.","Portfolio 99.7% leased, 67.5% of rents from investment-grade tenants; proforma net debt/EBITDA 3.1x."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-113466","json":"https://secwatch.observer/filing/0001104659-22-113466.json","markdown":"https://secwatch.observer/filing/0001104659-22-113466.md","text":"https://secwatch.observer/filing/0001104659-22-113466.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917251/000110465922113466/0001104659-22-113466-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917251/000110465922113466/tm2229334d1-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T21:01:19.746706+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":[{"claim_id":"d64ee721dbc9794cfe3956ca156714a7afc7b243","claim":"AGREE REALTY CORP reported the third quarter ended September 30, 2022 results: net income $37.6 million, EPS $0.46. Guidance raised.","evidence_excerpt":"Net Income for the three months ended September 30, 2022 increased 3.3% to $37.6 million, compared to $36.4 million for the comparable period in 2021. Net Income per share for the three months ended September 30, 2022 decreased 11.1% to $0.46, compared to $0.52 per share for the comparable period in 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/917251/000110465922113466/0001104659-22-113466-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2022"},{"label":"Net income","value":"$37.6 million"},{"label":"EPS","value":"$0.46"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}