ADC · Agree Realty Corp
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Jul 31, 2026TL;DR. Agree Realty posted record Q2 investment activity of $502 million across 102 properties and raised its 2026 AFFO per share guidance to $4.57–$4.59 and full-year investment volume guidance to $1.6–$1.8 billion, while interest expense climbed to $40.3 million and net income per share growth slowed to just 2.2% year-over-year.
- + Raised full-year 2026 AFFO per share guidance to $4.57 to $4.59, a two-cent increase at the midpoint implying nearly 6% growth.
- + Invested a company-record $502 million in 102 retail net lease properties during Q2, including $451 million of acquisitions.
- + Q2 AFFO per share rose 7.4% year-over-year to $1.14 and Core FFO per share rose 7.5% to $1.13.
- + Development and DFP platforms commenced five projects with anticipated costs of approximately $88 million in Q2, and 20 projects are completed or under construction for ~$200 million in 1H.
- + Portfolio occupancy reached a company record of 99.8% and Q2 credit and occupancy loss was just 6 basis points.
- − Q2 interest expense rose to $40.3 million from $32.3 million year-over-year.
- − Q2 net income per share grew only 2.2% year-over-year to $0.44, lagging AFFO per share growth.
- − The $350 million 2031 term loan was fully drawn, with the remaining $100 million drawn in Q2, increasing gross debt.
- − Q2 provision for impairment of $5.9 million was nearly double the prior-year quarter's $3.0 million.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
REIT - Retail — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ADC
this stock
Agree Realty Corp
|
$8.36B | -6.1% | +16.4% | 36.1 | 5.4% |
|
SPG
Simon Property Group Inc.
|
$66.27B | +10.4% | +6.7% | 14.4 | 3.0% |
|
O
Realty Income Corp
|
$52.55B | -2.2% | +9.1% | 40.5 | 4.3% |
|
UNBLF
Unibail-Rodamco SE/ADR
|
$16.24B | -7.0% | — | — | 0.0% |
|
KIM
Kimco Realty Corp
|
$15.05B | +10.6% | +5.1% | 26.1 | 5.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ADC | +0.5% | -6.4% | -11.9% | -6.4% | -6.1% |
| SPY | -1.2% | -0.4% | +13.1% | -0.4% | +12.1% |
| vs SPY | +1.7% | -6.0% | -24.9% | -6.0% | -18.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.