Agree Realty Corporation (NYSE: ADC) reported third-quarter 2026 revenue of $213.9 million and GAAP net income of $68.5 million. Net income attributable to common stockholders was $66.5 million, while diluted earnings per share attributable to common stockholders were $0.53.
The retail net-lease REIT raised its 2026 AFFO-per-share guidance to $4.58 to $4.59 and reported approximately $2.0 billion of liquidity at September 30.
- Third-quarter investment volume was approximately $357.7 million across 94 retail net-lease properties.
- The company completed a $400.0 million offering of 5.65% senior unsecured notes due 2036, with a 5.36% all-in rate including prior hedging activity.
- ADC settled 5.7 million forward-equity shares for net proceeds of $425.7 million during the quarter.
- The portfolio comprised 2,888 properties and was approximately 99.8% leased at quarter end.
- ADC declared monthly dividends of $0.267 per common share for July, August and September.
