Agree Realty Corporation Reports Third Quarter 2026 Results
Business Wire•20/10/2026•16:05 ET
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Key Highlights
- ➤2026 AFFO per share guidance raised to $4.58 to $4.59
- ➤Q3 AFFO per share increased 4.9% to $1.15
- ➤Invested approximately $358 million across 94 retail net lease properties
- ➤Completed $400 million bond offering at a 5.36% all-in rate
- ➤Ended quarter with approximately $2.0 billion of liquidity
Expert Statements
Joey Agree, President and Chief Executive Officer of Agree Realty Corporation
“We are very pleased with our performance through the first nine months of the year, as we invested approximately $1.3 billion across all three of our external growth platforms and are raising our 2026 AFFO per share guidance to a range of $4.58 to $4.59,”
Joey Agree, President and Chief Executive Officer of Agree Realty Corporation
“During the quarter, we completed a $400 million public bond offering at an all-in rate of 5.36%, further strengthening our fortress balance sheet. With approximately $2.0 billion of liquidity, proforma net debt to recurring EBITDA of 3.9 times and a portfolio that is 99.8% leased, we are exceptionally well positioned heading into 2027. We will remain disciplined capital allocators, focusing on value over volume and preserving our liquidity to capitalize on shifts in the transaction market, as we have throughout our history.”
Balance Sheet Fortified with Approximately $2.0 Billion of Liquidity
Agree Realty Corporation (NYSE: ADC) (the “Company”) today announced results for the quarter ended September 30, 2026. All per share amounts included herein are on a diluted per common share basis unless otherwise stated.
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