AGREE REALTY CORP — Form 8-K
Filed July 30, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
Agree Realty Corporation reported Q2 2026 results with record quarterly investment of $502M across 102 properties, raising full-year 2026 investment guidance from $1.4–$1.6B to $1.6–$1.8B. AFFO per share guidance raised to $4.57–$4.59 (from $4.54–$4.58). The company deployed $854M in first-half acquisitions, settled 4.3M shares via ATM for $313M net proceeds, and maintained 3.7x proforma net debt to EBITDA with $1.9B total liquidity. Monthly dividend increased 4.3% year-over-year to $0.267/share. Portfolio: 2,825 properties, 59.6M sq ft, 99.8% leased, 7.7-year WALT, 65.8% investment-grade ABR.
Why this rating
Raised full-year guidance and record Q2 investment; core growth metrics (AFFO +7.4%, Core FFO +7.5%) and dividend growth solid but moderate. Relative to $5.1B market cap, $502M quarterly spend is ~10% of annual run rate—material execution. No major M&A or transformational event; ordinary strong quarterly performance.
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