secwatch.observer — SEC 8-K summary
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Issuer:     AGREE REALTY CORP (ADC)
CIK:        0000917251
Form:       8-K
Filed at:   2025-01-06T23:59:59+00:00
Accession:  0001104659-25-001320
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agree Realty reports $951M 2024 investment, guides 2025 to $1.1-1.3B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/917251/000110465925001320/0001104659-25-001320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/917251/000110465925001320/tm252007d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-001320

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer