Overview

* Agree Realty ( ADC ) 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 ( ADC ) 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/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.43

Q2 Net $49.35

Income mln

Q2 Core $115.90

FFO mln

Q2 Core $1.05

FFO Per

Share

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 ( ADC ) 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:

(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.)