Overview
Real estate investment trust's Q4 net income per share rose 13.5% yr/yr
Core FFO per share for Q4 increased 7.3% yr/yr
Company provided 2026 AFFO per share guidance of $4.54 to $4.58
Outlook
Agree Realty provides 2026 AFFO per share guidance of $4.54 to $4.58
Company increases 2026 investment guidance to $1.4 bln to $1.6 bln
Agree Realty expects 2026 disposition volume of $25 mln to $75 mln
Result Drivers
INVESTMENTS - Co invested $377 mln in 94 retail net lease properties, boosting Q4 results
CAPITAL MANAGEMENT - Raised $537 mln through forward equity and term loan, strengthening liquidity
HIGH OCCUPANCY - Portfolio was 99.7% leased, contributing to stable revenue streams
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.47
Q4 Net Income
$56.21 mln
Q4 Core FFO
$126.80 mln
Q4 Core FFO Per Share
$1.10
Press Release: ID:nBw80JPYQa
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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.)