{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-037417","form_type":"8-K","ticker":"ADC","cik":"0000917251","company_name":"AGREE REALTY CORP","filed_at":"2025-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.803505+00:00","generated_at":"2026-05-23T09:54:12.235018+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Agree Realty Q1 AFFO up 3%, raises 2025 investment guidance to $1.3-$1.5B","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-037417","json":"https://secwatch.observer/filing/0001104659-25-037417.json","markdown":"https://secwatch.observer/filing/0001104659-25-037417.md","text":"https://secwatch.observer/filing/0001104659-25-037417.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917251/000110465925037417/0001104659-25-037417-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917251/000110465925037417/tm2512810d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T09:54:12.235018+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"}