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Agree Realty Corporation (ADC)
:ADC
Earnings Data
Report Date
Jul 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.42Last Year’s EPS
0.52Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 22, 2025
|% Change Since: -3.58%
|Next Earnings Date:Jul 28, 2025
Earnings Call Sentiment|Positive
Agree Realty's first quarter 2025 earnings call highlighted its strong investment activity, increased guidance, and robust balance sheet. Despite some temporary challenges in occupancy and dilution concerns, the company's strategic positioning and financial health suggest resilience and potential for growth.Company Guidance
During Agree Realty's first quarter 2025 conference call, the company provided guidance reflecting strong investment activity and financial health despite a volatile macroeconomic environment. The company increased its investment guidance range for the year from $1.1 billion-$1.3 billion to $1.3 billion-$1.5 billion, representing a 47% increase over last year's volume. They raised $181 million of forward equity in the quarter, maintaining liquidity of $1.9 billion and a net debt to recurring EBITDA ratio of 3.4 times. Additionally, they updated their full-year AFFO per share guidance to a range of $4.27-$4.30, indicating over 3.5% growth at the midpoint. The company emphasized its strategic focus on necessity-based retailers and its resilience to economic challenges, including tariffs.Record Investment Volume
Agree Realty invested over $375 million across its three external growth platforms, the largest investment volume since Q3 2023.
Increased Investment Guidance
Investment guidance for 2025 increased from $1.1-$1.3 billion to $1.3-$1.5 billion, representing a 47% increase over last year's volume.
Strong Balance Sheet
Liquidity of $1.9 billion, $1.2 billion of hedge capital, and no material debt maturities until 2028, with a pro forma net debt to recurring EBITDA of 3.4 times.
Robust Dividend Growth
Declared monthly cash dividends leading to an annualized dividend of over $3.07 per share, a 2.4% year-over-year increase.
High Occupancy and Investment-Grade Exposure
Portfolio occupancy remains solid at 99.2% with investment-grade exposure at 68.3%.
AFFO Per Share Growth
AFFO per share was $1.06 for the quarter, representing a 3% year-over-year increase.
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ADC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ADC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 22, 2025 | $79.12 | $77.22 | -2.40% |
| Feb 11, 2025 | $72.11 | $70.92 | -1.65% |
| Oct 22, 2024 | $73.59 | $75.12 | +2.08% |
| Jul 23, 2024 | $64.66 | $65.79 | +1.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Agree Realty Corporation (ADC) report earnings?
Agree Realty Corporation (ADC) is schdueled to report earning on Jul 28, 2025, TBA Not Confirmed.
What is Agree Realty Corporation (ADC) earnings time?
Agree Realty Corporation (ADC) earnings time is at Jul 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ADC EPS forecast?
ADC EPS forecast for the fiscal quarter 2025 (Q2) is 0.42.
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