secwatch.observer — SEC 8-K summary
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Issuer:     AGREE REALTY CORP (ADC)
CIK:        0000917251
Form:       8-K
Filed at:   2026-01-05T23:59:59+00:00
Accession:  0001104659-26-000619
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Agree Realty posts $1.55B 2025 investment volume, guides 2026 to $1.25-1.50B
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- 2025 total investment volume ~$1.55B across 338 properties; acquisitions of $1.44B at 7.2% cap rate.
- Q4 acquisition volume >$347M at 7.1% cap; portfolio 66.8% annualized base rents from investment grade tenants.
- 2026 investment outlook: $1.25B to $1.50B of retail net lease properties.
- New $350M term loan fixed at 4.02% via swaps; total liquidity exceeds $2.0B.
- Q4 2025 weighted-average diluted shares ~115.0M; FY 2025 ~111.2M (including OP units).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/917251/000110465926000619/0001104659-26-000619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/917251/000110465926000619/adc-20260105x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-000619

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer