Agree Realty Corporation ( (ADC) ) has released its Q1 earnings. Here is a breakdown of the information Agree Realty Corporation presented to its investors.
Agree Realty Corporation is a publicly traded real estate investment trust specializing in the acquisition and development of properties net leased to leading retail tenants across the United States. The company operates in the real estate sector with a focus on retail properties, offering a diversified portfolio across all 50 states.
In its first quarter of 2025, Agree Realty Corporation reported a solid financial performance, with an increase in investment guidance and adjusted funds from operations (AFFO) per share. The company invested significantly in retail net lease properties and commenced several development projects, reflecting its strategic growth initiatives.
Key financial highlights include a 10.5% increase in Core Funds from Operations (Core FFO) to $112.7 million and a 10.4% rise in AFFO to $114.0 million compared to the same period in 2024. The company also declared an increased monthly dividend and maintained a strong balance sheet with approximately $1.9 billion in total liquidity. Additionally, Agree Realty raised its full-year investment guidance to a range of $1.3 billion to $1.5 billion.
The company’s robust portfolio, which is 99.2% leased, continues to generate stable income, with a significant portion of rents coming from investment-grade retail tenants. The strategic acquisitions and development projects are expected to further enhance its portfolio’s value and income potential.
Looking ahead, Agree Realty Corporation remains optimistic about its growth prospects, supported by a well-positioned balance sheet and disciplined investment strategy. The company aims to continue its focus on high-quality retail properties and maintain its strong financial performance amidst market uncertainties.