Agree Realty Corporation Reports Third Quarter 2026 Results
Agree Realty reported Q3 2026 net income per share of $0.53, up 18.5% year-over-year, with Core FFO and AFFO per share each up 4.9% to $1.15. The company raised its 2026 AFFO per share guidance to $4.58-$4.59, deployed ~$358 million into 94 net lease properties at a 7.3% cap rate, and hiked the monthly dividend 4.3% year-over-year (raised again to $0.271 for October).
Key figures
- Eps
- 0.53
- Revenue
- 213884000
- Guidance
- 2026 AFFO per share raised to $4.58-$4.59 from $4.57-$4.59; investment volume trimmed to ~$1.6B; disposition volume raised to $100-$150M
- Revenue Yoy
- 16.7%
- Ab
- $823.4 million annualized base rent
- Liquidity
- $2.0 billion
- Net income
- 66500000
- Dividend yoy
- 4.3%
- Bond offering
- $400 million of 5.65% notes due 2036
- Affo per share
- 1.15
- All in bond rate
- 5.36%
- Monthly dividend
- 0.267
- Portfolio leased
- 99.8%
- Core ffo per share
- 1.15
- Q3 investment volume
- $357.7 million
- Core ffo yoy per share
- 4.9%
- Forward equity settled
- 5.7 million shares for ~$426 million
- Q3 acquisition cap rate
- 7.3%
- Net income per share yoy
- 18.5%
- October monthly dividend
- 0.271
- Proforma net debt to ebitda
- 3.9x
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