Agree Realty posts rise in Q3 net income, raises 2025 investment guidance

Agree Realty

21/10/2025 21:16

Overview

Agree Realty Q3 net income rises 18.2% to $50.3 mln

Core FFO per share for Q3 increases 8.4% to $1.09

Company raises 2025 investment guidance to $1.50 bln to $1.65 bln

Outlook

Agree Realty raises 2025 investment guidance to $1.50 bln-$1.65 bln

Company increases 2025 AFFO per share guidance to $4.31-$4.33

Company lowers 2025 income tax expense guidance to $2 mln-$2.5 mln

Result Drivers

RETAIL INVESTMENTS - Co invested $451 mln in 110 retail net lease properties, driving growth

DEVELOPMENT PROJECTS - Commenced five development projects with $51 mln committed capital

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.45
Q3 Net Income
$52.27 mln
Q3 Core FFO
$122.40 mln
Q3 Core FFO Per Share
$1.09


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Agree Realty Corp is $81.50, about 7% above its October 20 closing price of $75.76

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 39 three months ago

Press Release: ID:nBw7Tl4P5a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)