{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-011470","form_type":"8-K","ticker":"ADC","cik":"0000917251","company_name":"AGREE REALTY CORP","filed_at":"2025-02-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.797086+00:00","generated_at":"2026-05-26T23:41:44.496087+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Agree Realty Q4 AFFO per share $1.04, up 4.7% YoY; issues 2025 AFFO guidance of $4.26-$4.30","bullets":["Q4 AFFO per share $1.04 (+4.7% YoY); Core FFO $1.02 (+3.5%); Net income $0.41 (-5.7%).","FY 2024 AFFO per share $4.14 (+4.6% YoY); Core FFO $4.08 (+3.7%); Net income $1.78 (+4.8%).","Invested $951M in 282 properties in 2024 at 7.5% cap rate; portfolio 99.6% leased; 68.2% investment grade.","2025 AFFO per share guidance $4.26-$4.30 (~3.5% midpoint growth); investment volume target $1.1-$1.3B.","Raised $1.1B in forward equity in 2024; $450M bond at 5.65% due 2034; proforma net debt/EBITDA 3.3x."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-011470","json":"https://secwatch.observer/filing/0001104659-25-011470.json","markdown":"https://secwatch.observer/filing/0001104659-25-011470.md","text":"https://secwatch.observer/filing/0001104659-25-011470.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917251/000110465925011470/0001104659-25-011470-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917251/000110465925011470/tm256143d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T23:41:44.496087+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"}