earnings
confidence high
sentiment positive
materiality 0.70
Agree Realty Q1 AFFO up 3%, raises 2025 investment guidance to $1.3-$1.5B
AGREE REALTY CORP
2025-Q1 EPS reported
$0.42
revenue$169,160,000
- AFFO per share $1.06 (+3.0% YoY); Core FFO per share $1.04 (+3.1% YoY).
- Net income per share $0.42 (-2.0% YoY); Q1 investment volume $377M.
- Increased monthly dividend to $0.256 per share (2.4% YoY) for April 2025.
- Raised 2025 investment guidance to $1.3B-$1.5B and AFFO/share guidance to $4.27-$4.30.
- Established $625M commercial paper program; proforma net debt/EBITDA 3.4x; liquidity ~$1.9B.