Agree Realty Corporation (ADC) Soars 1.18% on Strong Q1 Earnings

Agree Realty Corporation (ADC) shares rose 0.51% today, reaching their highest level since August 2022 with an intraday gain of 1.18%.

Agree Realty Corporation reported strong financial results for the first quarter of 2025, which has led to an increase in full-year guidance. The company raised its investment guidance to $1.3 billion to $1.5 billion and increased its AFFO per share guidance to the range of $4.27 to $4.30. Key financial highlights include a 3.1% increase in Core FFO per share to $1.04 and a 3.0% increase in AFFO per share to $1.06, both surpassing analysts’ expectations. Additionally, Agree Realty declared an increased monthly dividend for April, reflecting a 2.4% year-over-year growth. The company invested approximately $377 million in 69 retail net lease properties and commenced four development projects with committed capital of $24 million. With a portfolio of 2,422 properties across all 50 states, Agree Realty continues to maintain a strong leasing position with a 99.2% occupancy rate. The company's balance sheet is robust, with total liquidity of $1.9 billion, including a new $625 million unsecured commercial paper program. These developments indicate a positive outlook for Agree Realty's stock performance in 2025.