{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-101229","form_type":"8-K","ticker":"ADC","cik":"0000917251","company_name":"AGREE REALTY CORP","filed_at":"2025-10-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.598142+00:00","generated_at":"2026-05-17T03:10:21.468002+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 Q3 AFFO $1.10, +7.2% YoY; raises 2025 guidance, dividend up 3.6%","bullets":["Net income per share $0.45 (+7.9% YoY); Core FFO $1.09 (+8.4%); AFFO $1.10 (+7.2%).","2025 AFFO per share guidance raised to $4.31-$4.33; investment guidance raised to $1.50B-$1.65B.","Invested $451M in 110 properties in Q3; portfolio 99.7% leased, 2,603 properties, 53.7M sq ft.","Monthly dividend increased to $0.262 for Oct (+3.6% YoY); annualized $3.144; payout ratio ~70%.","Secured A- rating from Fitch; settled 3.5M shares for $252M; new $350M term loan fixed at 4.02%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-101229","json":"https://secwatch.observer/filing/0001104659-25-101229.json","markdown":"https://secwatch.observer/filing/0001104659-25-101229.md","text":"https://secwatch.observer/filing/0001104659-25-101229.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/917251/000110465925101229/0001104659-25-101229-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/917251/000110465925101229/adc-20251021x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:10:21.468002+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"}