{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-050574","form_type":"8-K","ticker":"ADC","cik":"0000917251","company_name":"AGREE REALTY CORP","filed_at":"2024-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.440585+00:00","generated_at":"2026-06-03T13:18:29.649045+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Agree Realty Q1 AFFO per share up 4.6% to $1.03; guides FY2024 AFFO $4.10-$4.13","bullets":["AFFO per share Q1: $1.03, up 4.6% YoY; Core FFO per share $1.01, up 3.5%.","Acquired $123.5M in Q1 at 7.7% cap rate; FY2024 acquisition guidance ~$600M.","Introduced 2024 AFFO per share guidance of $4.10-$4.13, up ~4% from 2023.","Monthly dividend raised to $0.25/share (annualized $3.00), a 2.9% increase.","Portfolio 99.6% leased; over $920M liquidity; proforma net debt/EBITDA 4.3x."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-050574","json":"https://secwatch.observer/filing/0001104659-24-050574.json","markdown":"https://secwatch.observer/filing/0001104659-24-050574.md","text":"https://secwatch.observer/filing/0001104659-24-050574.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917251/000110465924050574/0001104659-24-050574-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917251/000110465924050574/tm2412472d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T13:18:29.649045+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":"8f746e4b4a62f99937316d9e2b6049103f868c16","claim":"AGREE REALTY CORP reported first quarter ended March 31, 2024 results: net income Net Income for the three months ended March 31, 2024 increased 8.2% to $43.0 million, EPS Net Income per share for the three months ended March 31 st decreased 2.4% to $0.43. Guidance initiated.","evidence_excerpt":"Agree Realty Corporation Reports First Quarter 2024 Results Introduces 2024 AFFO Per Share Guidance of $4.10 to $4.13","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/917251/000110465924050574/0001104659-24-050574-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Net income","value":"Net Income for the three months ended March 31, 2024 increased 8.2% to $43.0 million"},{"label":"EPS","value":"Net Income per share for the three months ended March 31 st decreased 2.4% to $0.43"},{"label":"Guidance","value":"initiated"},{"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"}