ADC · Agree Realty Corp · Investor Relations

2026 Investment Guidance of $1.25 Billion to $1.50 Billion Balance Sheet Fortified with Liquidity of Over $2.0 Billion Agree Realty Corporation (NYSE: ADC) (the “Company”) today announced a summary of its investment activity in 2025, introduced investment guidance for 2026, and provided an update on its portfolio as well as its fourth quarter capital markets activity. 2025 Investment Activity Total real estate investment volume for 2025, inclusive of acquisition, development, and Developer Funding Platform (“DFP”) projects completed or under construction, amounted to a total of approximately $1.55 billion. The 338 properties are net leased to industry-leading tenants, span 29 retail sectors and are located in 41 states across the country. During the twelve months ended December 31, 2025, the Company acquired 305 retail net lease properties for total acquisition volume of approximately $1.44 billion. The acquisitions were completed at a weighted-average capitalization rate of 7.2% and