---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-110557"
form_type: "8-K"
ticker: "ADC"
cik: "0000917251"
company_name: "AGREE REALTY CORP"
filed_at: "2024-10-22T23:59:59+00:00"
generated_at: "2026-05-30T12:12:51.401496+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Agree Realty Q3 2024 Core FFO $1.01, raises acquisition guidance to $850M, AFFO guidance to $4.12-$4.14

## Summary
- Net income per share $0.42 (+2.6% YoY); Core FFO $1.01 (+2.2%); AFFO $1.03 (+2.8%).
- Invested ~$237M in 93 retail net lease properties; raised 2024 acquisition target to ~$850M.
- Sold 6.6M shares via ATM forward for ~$469M; total liquidity now >$1.9B.
- Proforma net debt to recurring EBITDA 3.6x; portfolio 99.6% leased with 7.9yr WALT.
- Monthly dividend raised to $0.253/share (+2.4% YoY); AFFO payout ratio ~73%.

## SEC filing metadata
- accession: 0001104659-24-110557
- form_type: 8-K
- ticker: ADC
- cik: 0000917251
- company_name: AGREE REALTY CORP
- filed_at: 2024-10-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/917251/000110465924110557/0001104659-24-110557-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/917251/000110465924110557/tm2426623d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-110557
- JSON: https://secwatch.observer/filing/0001104659-24-110557.json
- Plain text: https://secwatch.observer/filing/0001104659-24-110557.txt

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