other material
confidence high
sentiment positive
materiality 0.75
Agree Realty reports $951M 2024 investment, guides 2025 to $1.1-1.3B
AGREE REALTY CORP
- 2024 acquisition volume $867M at 7.5% cap rate; 65.6% of acquired rents from investment grade.
- Q4 2024 acquisitions $341M at 7.3% cap rate; 73.3% investment grade.
- 2025 investment guidance $1.1B-1.3B retail net lease, 26% YoY increase at midpoint.
- Total liquidity over $2.0B: $1.1B revolver, over $0.9B forward equity outstanding.
- Weighted-average diluted shares: 105.0M for Q4 2024; 102.2M for FY 2024.