Agree Rlty Corp Stock Price, News & Analysis

Agree Realty (NYSE: ADC) has received an A- credit rating with a stable outlook from Fitch Ratings, marking a significant milestone for the company. The rating reflects ADC's superior tenant credit quality, focusing on investment-grade tenants with strong e-commerce resilience and successful omnichannel strategies.

The rating agency highlighted ADC's sector-leading access to capital, prudent balance sheet management, healthy liquidity, and well-structured debt maturity profile. The company has invested over $10 billion since launching its acquisition platform 15 years ago, joining an elite group of only 13 publicly listed U.S. REITs with an A- credit rating or better.

Agree Realty Corporation (NYSE: ADC) reported strong Q2 2025 results and raised its full-year guidance. The company invested $350 million in 110 retail net lease properties during Q2 and $727 million in 162 properties for the first half of 2025.

Key financial metrics include AFFO per share increase of 1.7% to $1.06 in Q2, while Core FFO per share rose 1.3% to $1.05. The company raised its 2025 investment guidance to $1.4-$1.6 billion and increased AFFO per share guidance to $4.29-$4.32.

Notable achievements include completing a $400 million bond offering at 5.60% and a forward equity offering raising $387 million. The company's portfolio maintains a strong 99.6% occupancy rate with 67.8% of rent from investment-grade tenants.

Agree Realty (NYSE: ADC) has declared its monthly dividend payments for both common and preferred shares. The company announced a monthly common share dividend of $0.256, representing an annualized amount of $3.072 per share - a 2.4% increase from the previous $3.00 per share in Q3 2024.

Additionally, ADC declared a monthly cash dividend of $0.08854 per depositary share for its 4.25% Series A Cumulative Redeemable Preferred Stock, equivalent to $1.0625 annually. The common share dividend will be paid on August 14, 2025, while the preferred share dividend is payable August 1, 2025.

Agree Realty Corporation (NYSE: ADC) has scheduled its second quarter 2025 earnings release and conference call. The company will release Q2 2025 operating results after market close on Thursday, July 31, 2025, followed by a conference call on Friday, August 1, 2025, at 9:00 AM ET.

Shareholders and interested parties can access the call via teleconference using USA Toll Free (800) 715-9871 or International (646) 307-1963 with Conference ID 2741039. A live webcast will be available through the company's website, and a replay will be archived in the Investors section of www.agreerealty.com.

Agree Realty Corporation (NYSE: ADC) has announced monthly dividend declarations for both common and preferred shares. The company's Board approved a monthly cash dividend of $0.256 per common share, representing an annualized dividend of $3.072 per share. This marks a 2.4% increase from the previous annualized dividend of $3.00 per share in Q2 2024. The common share dividend will be paid on July 15, 2025, to stockholders of record as of June 30, 2025. Additionally, ADC declared a monthly cash dividend of $0.08854 per depositary share for its 4.25% Series A Cumulative Redeemable Preferred Stock, equivalent to $1.0625 annually, payable July 1, 2025, to stockholders of record as of June 20, 2025.

Agree Realty Corporation (NYSE: ADC) has announced the pricing of $400 million in senior unsecured notes due 2035 through its operating partnership. The notes carry a 5.600% interest rate with an effective yield to maturity of 5.692%. Including prior hedging activity, the all-in interest rate is approximately 5.35%.

The offering is expected to close on May 23, 2025. The company plans to use the proceeds for general corporate purposes, including debt reduction, property acquisitions, and development activities. The offering increases ADC's liquidity position to a record $2.6 billion. Notably, the company's balance sheet shows no material debt maturities until 2028.

Agree Realty Corporation (NYSE: ADC) has declared its monthly dividends for both common and preferred shares. The company announced a monthly cash dividend of $0.256 per common share, representing an annualized dividend of $3.072. This reflects a 2.4% increase from the previous annualized dividend of $3.00 in Q2 2024.

Additionally, ADC declared a monthly cash dividend of $0.08854 per depositary share for its 4.25% Series A Cumulative Redeemable Preferred Stock, equivalent to $1.0625 annually. The common share dividend will be paid on June 13, 2025, while the preferred share dividend is payable on June 2, 2025.

Agree Realty (NYSE: ADC) has successfully completed a public offering of 5,175,000 shares of common stock at $75.70 per share, including the underwriters' full exercise of their option. The offering was executed through a forward sale agreement with Bank of America, N.A., where the settlement can occur until October 26, 2026.

The company has not received any proceeds yet, as the forward sale agreement allows ADC to set the price now while delaying share issuance. Upon settlement, the proceeds will be used for general corporate purposes, including property acquisitions, development activity, or debt repayment. BofA Securities served as the sole book-running manager, with Raymond James, Stifel, BTIG, Regions Securities , and SMBC Nikko acting as co-managers.

Agree Realty (NYSE: ADC) has announced the pricing of its public offering of 4,500,000 shares of common stock at $75.70 per share. The offering, expected to close around April 25, 2025, includes a 30-day option for underwriters to purchase an additional 675,000 shares.

The company has entered into a forward sale agreement with Bank of America, allowing for delayed issuance of shares until October 26, 2026. Under this agreement, ADC will receive cash proceeds per share equal to the public offering price minus underwriting discounts and commissions. The company plans to use the net proceeds for general corporate purposes, including property acquisitions, development activities, and potential repayment of revolving credit facility debt.