Brief: Agree Realty Q2 Core FFO Per Share USD 1.05

Agree Realty

31/07/2025 21:05

Overview

Agree Realty Q2 net income per share falls 18.5% to $0.43

Core FFO per share rises 1.3% to $1.05, AFFO per share up 1.7% to $1.06

Outlook

Agree Realty raises 2025 investment volume guidance to $1.4 bln-$1.6 bln

Company increases 2025 AFFO per share guidance to $4.29-$4.32

Result Drivers

INVESTMENTS - Co invested $350 mln in 110 retail net lease properties, boosting Core FFO and AFFO

CAPITAL RAISING - Raised over $800 mln through debt and equity offerings, enhancing liquidity

PORTFOLIO EXPANSION - Acquired 91 properties in diverse sectors, contributing to revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.43
Q2 Net Income
$49.35 mln
Q2 Core FFO
$115.90 mln
Q2 Core FFO Per Share
$1.05


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 $82.00, about 11.1% above its July 30 closing price of $72.90

The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 42 three months ago

Press Release: ID:nBw2l8j68a

(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.)