secwatch.observer — SEC 8-K summary
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Issuer:     AGREE REALTY CORP (ADC)
CIK:        0000917251
Form:       8-K
Filed at:   2025-10-21T23:59:59+00:00
Accession:  0001104659-25-101229
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agree Realty Q3 AFFO $1.10, +7.2% YoY; raises 2025 guidance, dividend up 3.6%
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/917251/000110465925101229/0001104659-25-101229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/917251/000110465925101229/adc-20251021x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-101229

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