{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-055998","form_type":"8-K","ticker":"ADC","cik":"0000917251","company_name":"AGREE REALTY CORP","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.797854+00:00","generated_at":"2026-06-15T23:51:10.405828+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Agree Realty Q1 AFFO per share up 1.5% to $0.98; raises 2023 acquisition guidance to at least $1.2B","bullets":["Net income per share fell 8.6% YoY to $0.44; Core FFO per share rose 0.6% to $0.98.","AFFO per share up 1.5% to $0.98; monthly dividend raised 3.8% YoY to $0.243 per share.","Invested $302M in 66 retail net lease properties at 6.7% cap rate; full-year guidance increased to at least $1.2B.","Portfolio 99.7% leased, 8.8-year weighted-average lease term, 68% from investment-grade tenants.","Balance sheet: proforma net debt/EBITDA 3.7x; $1.2B liquidity including $362M forward equity."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-055998","json":"https://secwatch.observer/filing/0001104659-23-055998.json","markdown":"https://secwatch.observer/filing/0001104659-23-055998.md","text":"https://secwatch.observer/filing/0001104659-23-055998.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917251/000110465923055998/0001104659-23-055998-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917251/000110465923055998/tm2311829d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T23:51:10.405828+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":"69fd9ed142052fe18e54a9d4aaf5b534a36700f2","claim":"AGREE REALTY CORP reported the quarter ended March 31, 2023 results: net income Net Income for the three months ended March 31, 2023 increased 16.1% to $39.8 million, compared to $34.3 million for the, EPS $0.44. Guidance raised.","evidence_excerpt":"Agree Realty Corporation Reports First Quarter 2023 Results Increases 2023 Acquisition Guidance to At Least $1.2 Billion","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/917251/000110465923055998/0001104659-23-055998-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Net income","value":"Net Income for the three months ended March 31, 2023 increased 16.1% to $39.8 million, compared to $34.3 million for the"},{"label":"EPS","value":"$0.44"},{"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"}