Agree Realty reports Q4 AFFO $1.00, consensus $1.00

Reports Q4 revenue $144.16M, consensus $139.4M. “We are pleased with our performance in 2023 as we invested over $1.3B for the fourth consecutive year while adhering to our stringent investment criteria and further improving our leading portfolio,” said Joey Agree, President and Chief Executive Officer. “Looking ahead, our balance sheet is well positioned with more than $1B of total liquidity including over $235M of forward equity raised late last year. We remain intently focused on prudently allocating capital to drive sustainable AFFO per share growth above our previously discussed base case of over 3% growth in 2024.”