earnings
confidence high
sentiment positive
materiality 0.75
Agree Realty Q2 AFFO per share up 1.7% to $1.06, raises 2025 guidance
AGREE REALTY CORP
2025-Q2 EPS reported
$0.85
revenue$344,687,000
- Q2 net income $0.43/sh (down 18.5% YoY); Core FFO $1.05 (+1.3%); AFFO $1.06 (+1.7%).
- Raised 2025 AFFO guidance to $4.29-$4.32 (prior $4.27-$4.30) and investment target to $1.4-$1.6B.
- Completed $400M bond offering at 5.60% (all-in 5.35%) and 5.2M share forward equity raise for ~$387M.
- Portfolio 99.6% leased, 67.8% from IG tenants; $350M invested in Q2 across 110 properties.
item 2.02item 9.01