Agree Realty

At the annual meeting, shareholders elected John Rakolta, Jr. and Jerome Rossi to the board of directors until the 2029 annual meeting. They also confirmed Grant Thornton as the independent auditor and, in a non‑binding vote, approved the executives’ compensation. Agree Realty reported Q1/2026 EPS of $0.50 and revenue of $200.81 million and announced an at‑the‑market agreement to issue up to $1.75 billion of common stock; RBC raised its price target to $82 and kept an Outperform rating. » Mere på de.investing.com

Agree Realty has entered into an at‑the‑market placement agreement that allows issuance of common stock totaling up to $1.75 billion and replaces a prior agreement. Sales may be made through traded transactions, block trades, market‑makers, or forward‑sale agreements with financial institutions; sales agents will receive up to a 2.0% commission. The company also reported Q1 results that beat expectations for EPS and revenue, after which RBC slightly raised its price target and maintained its rating. » Mere på de.investing.com

Agree Realty reported Q1 2026 EPS of $0.50 versus $0.48 expected and revenue of $200.81 million versus a $195.86 million forecast. The company raised FFO/AFFO per share by 8.1% and 7.9%, improved occupancy to 99.7%, and built liquidity of $2.3 billion. A record $660 million was raised through the ATM program; the stock rose 2.28% premarket. Agree Realty reaffirmed its AFFO guidance for the year of $4.54–4.58 and plans ongoing development and acquisition activity. » Mere på de.investing.com

Agree Realty expects an AFFO-per-share range for 2026 of $4.54–$4.58 (mean +5.4%) and raises capital expenditure guidance to $1.4–$1.6 billion. For 2025 the company reported solid results: revenue above expectations, FFO per share +5.1% to $4.28 and AFFO per share +4.6% to $4.33, as well as an annual dividend of $3.14. Agree Realty highlights a strong liquidity position of over $2.0 billion, an unusually stable capital structure with no material maturities until 2028, and a high-quality, largely investment-grade tenant portfolio. » Mere på de.investing.com

Agree Realty has closed an unsecured $350 million term loan with a 5.5‑year term maturing in May 2031 at a fixed interest rate of 4.02%. The loan includes an undrawn upsize option of up to $500 million, and the company has entered into forward starting swaps on $350 million to lock in rates. It also amended its revolving credit facility and an existing term loan, boosting total liquidity to $2.2 billion and targeting total debt of about $3.39 billion as of Q3 2025. Agree Realty reported Q3 2025 EPS of $0.45 (in line with market expectations) and revenue of $183.19 million (slightly above expectations). » Mere på de.investing.com