AGREE REALTY CORP (ADC) Form 10-Q — Jul 30, 2026
Agree Realty Corporation reported financial results for the six months ended June 30, 2026, with net income attributable to common stockholders increasing 22% to $113.0 million. Rental income rose 18% to $405.7 million, driven by the acquisition of 167 properties which expanded the portfolio to 2,825 locations with a 99.8% occupancy rate. To fund the portfolio expansion, the company fully drew down its $350.0 million unsecured term loan and maintained significant utilization of its commercial paper program. This increased leverage led to a 21% rise in interest expense, net, to $76.2 million, partially offsetting the operational income growth.
Key figures
- Eps
- 0.94
- Revenue
- 405657000
- Net Income
- 117040000
- Cash Position
- 12518000
- Revenue Growth
- 18%
- Occupancy Rate
- 99.8%
- Properties Owned
- 2825
- Weighted Average Lease Term
- 7.7 years
Price after filing
Close on the filing date to close N calendar days later (from $81.12). Historical, not a forecast.
AI analysis
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