{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-001320","form_type":"8-K","ticker":"ADC","cik":"0000917251","company_name":"AGREE REALTY CORP","filed_at":"2025-01-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.796816+00:00","generated_at":"2026-05-28T12:00:24.801088+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Agree Realty reports $951M 2024 investment, guides 2025 to $1.1-1.3B","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-001320","json":"https://secwatch.observer/filing/0001104659-25-001320.json","markdown":"https://secwatch.observer/filing/0001104659-25-001320.md","text":"https://secwatch.observer/filing/0001104659-25-001320.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917251/000110465925001320/0001104659-25-001320-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917251/000110465925001320/tm252007d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T12:00:24.801088+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}