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Agree Realty (ADC)
NYSE:ADC
Earnings Data
Report Date
Oct 28, 2025After Close (Confirmed)
Period Ending
2025 (Q3)Consensus EPS Forecast
0.46Last Year’s EPS
0.42Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Q2 2025
Earnings Call Date:Jun 30, 2025|
% Change Since: -1.51%|
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance in terms of investment activity, balance sheet strength, and retailer demand, with significant increases in investment and AFFO guidance. However, there are concerns regarding tenant credit issues, macroeconomic headwinds, and a potential At Home liquidation.Company Guidance -
Q3 2025
Significant Investment Activity
Agree Realty invested over $725 million year-to-date, a more than twofold increase relative to the first half of last year, and raised full year investment volume guidance to $1.4 billion to $1.6 billion, representing a 58% increase over last year.
Strong Balance Sheet
With over $2.3 billion in total liquidity, no material debt maturities until 2028, and pro forma net debt to recurring EBITDA of just 3.1x, Agree Realty maintains a best-in-class balance sheet.
High Retailer Demand
Retailer demand for new brick-and-mortar locations is at the highest level since the great financial crisis, with major retailers increasing store counts.
AFFO Per Share Guidance Increase
Agree Realty raised its full year AFFO per share guidance by $0.02 at the midpoint to a new range of $4.29 to $4.32, representing over 4% growth.
Acquisition and Development Activity
Invested over $350 million in 110 properties in Q2, including a notable $75 million grocery-dominated portfolio acquisition. Over 53% of base rent acquired was from investment-grade retailers.
Record Occupancy Rate
Occupancy increased to 99.6%, with significant re-leasing efforts for former Big Lots and other properties achieving high recapture rates.
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
ADC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 30, 2025 | $72.80 | $72.56 | -0.33% |
Apr 22, 2025 | $78.03 | $76.16 | -2.40% |
Feb 11, 2025 | $71.12 | $69.95 | -1.65% |
Oct 22, 2024 | $72.58 | $74.09 | +2.08% |
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.
FAQ
When does Agree Realty (ADC) report earnings?
Agree Realty (ADC) is schdueled to report earning on Oct 28, 2025, After Close (Confirmed).
What is Agree Realty (ADC) earnings time?
Agree Realty (ADC) earnings time is at Oct 28, 2025, After Close (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 (Q3) is 0.46.