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AI brief of an SEC Form 8-K · Agree Realty (ADC)

Agree Realty raises 2024 AFFO guidance after Q2 per-share gains

Positive Impact 4 of 5 earnings Written later

Agree Realty reported second quarter 2024 results on July 23, 2024, with net income per share up 25.6% to $0.52 and AFFO per share up 6.4% to $1.04. The company raised its full-year 2024 AFFO per share guidance to $4.11 to $4.14 from $4.10 to $4.13 and lifted its acquisition volume outlook to approximately $700 million from approximately $600 million.

Key points

  • Q2 2024 net income per share rose 25.6% to $0.52; Core FFO per share rose 5.7% to $1.03
  • 2024 AFFO per share guidance raised to $4.11 to $4.14 from $4.10 to $4.13
  • 2024 acquisition volume guidance raised to approximately $700 million from approximately $600 million
  • Commitments received to expand the credit facility to $1.25 billion from $1.0 billion, with maturity extended to August 2029

The filing

CompanyAgree Realty (ADC)
Form8-K, current report
Filed with the SECJul 23, 2024, 4:05 PM ET
Accession number0001104659-24-081890

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.