Record Investment Volume
Agree Realty Corporation achieved its largest quarterly investment volume since COVID, deploying over $450 million across all platforms. The full-year 2025 investment guidance has been increased to a range of $1.5 to $1.65 billion, representing an increase of over 65% above last year's investment volume.
Strong Financial Performance
Core FFO per share for the third quarter was $1.09, an 8.4% increase from the same period last year. AFFO per share increased 7.2% year-over-year to $1.11, which is $0.02 above consensus.
A- Credit Rating Achievement
The company received an A- issuer rating from Fitch Ratings, making it one of only 13 publicly listed U.S. REITs with an A- credit rating or better, which reduced the interest rate on its 2029 term loan by five basis points.
High Occupancy and Investment-Grade Exposure
Occupancy for the quarter remained very strong at 99.7%, and investment-grade exposure remained sector-leading at 67%.