Every 8-K that Agree Realty Corporation (ADC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow ADC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ADC filings page.
Agree Realty Corporation reported strong second‑quarter 2026 results and raised full‑year guidance. For the quarter ended June 30, 2026, net income attributable to common stockholders was $52.8 million, or $0.44 per share, up 11.5% and 2.2% year over year. Core FFO was $136.0 million and AFFO was $138.0 million, with per‑share figures of $1.13 and $1.14, rising 7.5% and 7.4%.
The company delivered record quarterly investment activity of approximately $502 million across 102 retail net‑lease properties and first‑half investments of about $925 million, while selling 21 properties for $40.9 million. The portfolio totaled 2,825 properties and 59.6 million square feet, was 99.8% leased, and generated 65.8% of annualized base rent from investment‑grade tenants.
Full‑year 2026 AFFO per‑share guidance was increased to $4.57–$4.59 and investment volume guidance to $1.6–$1.8 billion. Liquidity was about $1.9 billion, with proforma net debt to recurring EBITDA at 3.7x. The monthly common dividend rose 4.3% year over year to an annualized $3.204 per share, with a roughly 70% AFFO payout ratio.
Agree Realty Corporation filed an update on its share count for earnings per share calculations for the three and six months ended June 30, 2026. For these periods, the weighted-average number of common shares outstanding used in basic EPS was 119,996,944 and 119,924,725, respectively.
After including dilutive securities such as share-based compensation and forward equity offerings, the weighted-average diluted share counts were 120,487,256 for the quarter and 120,449,139 for the six-month period. When adding 347,619 Operating Partnership Units, total weighted-average shares and OP Units used in diluted EPS were 120,834,875 and 120,796,758.
The Company used the treasury stock method to account for the potential dilution from forward equity offerings before settlement. These offerings added 328,729 incremental diluted shares for the quarter and 363,582 incremental diluted shares for the six-month period.
Agree Realty Corporation reported the results of its 2026 annual stockholder meeting held on May 14, 2026. Stockholders elected two directors to serve until the 2029 annual meeting, ratified the appointment of Grant Thornton LLP as independent registered public accounting firm for 2026, and approved executive compensation on a non-binding basis.
Director John Rakolta, Jr. received 100,834,036 votes for and 1,679,090 votes withheld, while Jerome Rossi received 92,870,518 votes for and 9,642,608 votes withheld, with 6,771,007 broker non-votes for each. The auditor ratification received 107,684,512 votes for, 1,515,453 against, and 84,168 abstentions. The advisory vote on executive compensation received 97,715,282 votes for, 4,650,345 against, 147,499 abstentions, and 6,771,007 broker non-votes.
Agree Realty Corporation established a new at-the-market equity program that allows it to issue and sell shares of common stock with an aggregate offering price of up to $1,750,000,000. The shares may be sold from time to time through multiple sales agents or directly to them, including in block or ordinary at-the-market trades on the New York Stock Exchange.
The company also entered into forward sale arrangements with several financial institutions, including both contingent and non-contingent forward transactions. Agree Realty will not initially receive proceeds from the sale of borrowed shares under these forward sales but may receive cash if and when it physically settles fixed share forward transactions at agreed forward prices.
Sales agents and forward sellers can earn commissions of up to 2.0% of the gross sales price or applicable initial forward sale price. The shares are registered under Agree Realty’s automatic shelf registration statement on Form S-3ASR and a related prospectus supplement, providing the company with flexible access to equity capital over time.
Agree Realty Corporation reported a strong first quarter of 2026 with higher earnings and significant balance sheet strengthening. Net income attributable to common stockholders rose 33.4% to $60.2 million, and diluted net income per share increased 19.1% to $0.50. Core Funds from Operations grew 21.0% to $136.3 million, or $1.13 per diluted share, while AFFO rose 20.7% to $137.6 million, or $1.14 per diluted share.
The company invested about $424 million in 100 retail net lease properties and advanced 15 development or DFP projects with anticipated costs of roughly $112 million. It maintained 2026 AFFO per share guidance of $4.54 to $4.58 and investment volume guidance of $1.4 to $1.6 billion.
Agree Realty also strengthened its capital position, selling 8.7 million shares via its ATM program for anticipated net proceeds of approximately $658 million and ending the quarter with about $2.3 billion of liquidity. Proforma net debt to recurring EBITDA was reported at 3.2x, reflecting the impact of outstanding forward equity, while the portfolio remained 99.7% leased with 65.4% of annualized base rent from investment grade tenants.
Agree Realty Corporation reported its weighted-average common share counts for the three months ended March 31, 2026, which are used to calculate earnings per share.
Basic earnings per share was based on 119,856,418 weighted-average common shares outstanding, after excluding 202,939 unvested restricted shares, from a total weighted-average 120,059,357 common shares. Diluted earnings per share reflected 120,375,633 weighted-average common shares, including dilutive effects from share-based compensation, at-the-market forward equity offerings, and an April 2025 forward equity offering. When adding 347,619 Operating Partnership Units, the weighted-average number of common shares and OP Units used in diluted earnings per share was 120,723,252.
The company used the treasury stock method to account for potential dilution from forward equity offerings before settlement, resulting in 398,432 weighted-average incremental shares in diluted calculations for the period.
Agree Realty Corporation furnished an updated investor presentation highlighting expanded equity capacity and a strong balance sheet. The company entered forward sale agreements under its at-the-market program for about 8.3 million common shares, targeting anticipated net proceeds of over $623 million. In total, it now has 17.9 million shares of outstanding forward equity tied to anticipated net proceeds of more than $1.3 billion.
Total liquidity exceeds $2.5 billion, including $812 million of availability on the revolving credit facility after commercial paper, full access to an unsecured $350 million 5.5‑year term loan, outstanding forward equity and cash. The presentation also reiterates investment‑grade ratings, a large, diversified retail net lease portfolio and 2026 AFFO per share guidance of $4.54 to $4.58, implying mid‑single‑digit growth.
Agree Realty Corporation reported solid growth for the fourth quarter and full year 2025, driven by heavy investment in retail net lease properties and disciplined balance sheet management. Fourth-quarter AFFO per share rose 6.5% to $1.11, while full-year AFFO per share increased 4.6% to $4.33.
The company invested about $1.55 billion in 338 properties in 2025 and ended the year with a 99.7% leased portfolio spanning 2,674 assets and 55.5 million square feet across all 50 states. It also raised roughly $714 million of forward equity and completed a $400 million senior notes offering, helping keep net debt to recurring EBITDA at 4.9 times.
For 2026, Agree Realty issued initial AFFO per share guidance of $4.54 to $4.58 and increased its investment volume target to a range of $1.4 billion to $1.6 billion. The company highlighted more than $2.0 billion of available liquidity and an A- issuer rating from Fitch Ratings, and continues to grow its monthly dividend, which totaled $3.081 per share for 2025.
Agree Realty Corporation filed an update describing recent communications with investors and providing detailed share count data for 2025. The company issued a press release covering its 2025 investment activity, 2026 investment outlook, portfolio updates, and fourth quarter 2025 capital markets activity, and posted an updated investor presentation on its website.
The filing also reports the weighted-average number of common shares outstanding for the three and twelve months ended December 31, 2025. Basic weighted-average shares were 114,695,645 for the quarter and 110,723,375 for the year, while diluted weighted-average shares were 114,998,257 for the quarter and 111,200,645 for the year. The company explains that it used the treasury stock method to reflect dilution from forward equity offerings, which added 43,198 weighted-average incremental shares for the quarter and 216,703 for the year.
Agree Realty Corporation entered into a new $350 million unsecured delayed draw term loan maturing in May 2031, giving it additional flexible borrowing capacity. The company can request increases so total loans under this facility do not exceed $500 million, with interest based on SOFR or a base rate plus a margin tied to its credit rating. Agree Realty also amended its revolving credit agreement to reduce the SOFR credit spread adjustment from 10 basis points to zero, modestly lowering borrowing costs. A second amendment to an existing term loan, combined with $350 million of interest rate swaps, fixes that loan’s interest rate at 4.37% through January 2029.
Agree Realty Corporation (ADC) furnished an 8-K announcing it issued a press release describing results for the third quarter ended September 30, 2025, and posted an updated investor presentation.
The press release is furnished as Exhibit 99.1 and the investor presentation as Exhibit 99.2. The company states this information is furnished, not filed, under the Exchange Act and is not incorporated by reference unless specifically referenced.
Agree Realty Corporation filed a current report to disclose its weighted-average common shares outstanding for the three and nine months ended September 30, 2025, and how these figures affect earnings per share calculations. For the quarter, weighted-average common shares outstanding were 111,531,032, with 111,277,316 used in basic EPS and 111,511,615 used in diluted EPS. For the nine-month period, weighted-average common shares outstanding were 109,637,451, with 109,383,735 used in basic EPS and 109,875,336 used in diluted EPS. The company applied the treasury stock method to its forward equity offerings, which added 21,355 weighted-average incremental shares to diluted shares for the quarter and 274,536 for the nine months. Including 347,619 Operating Partnership units, total diluted shares and OP units were 111,859,234 for the quarter and 110,222,955 for the nine months.