{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-072681","form_type":"8-K","ticker":"ADC","cik":"0000917251","company_name":"AGREE REALTY CORP","filed_at":"2025-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.696303+00:00","generated_at":"2026-05-17T22:40:30.464316+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Agree Realty Q2 AFFO per share up 1.7% to $1.06, raises 2025 guidance","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-072681","json":"https://secwatch.observer/filing/0001104659-25-072681.json","markdown":"https://secwatch.observer/filing/0001104659-25-072681.md","text":"https://secwatch.observer/filing/0001104659-25-072681.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917251/000110465925072681/0001104659-25-072681-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917251/000110465925072681/tm2522179d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T22:40:30.464316+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"}