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

Agree Realty Q4 AFFO per share rises 4.7% to $1.04; 2025 guidance $4.26-$4.30

Positive Impact 3 of 5 earnings Written later

Agree Realty reported fourth quarter and full year 2024 results on February 11, 2025, and gave initial 2025 AFFO per share guidance of $4.26 to $4.30. Quarterly Core FFO and AFFO per share rose, while fourth quarter net income per share fell 5.7%, so shareholders see mixed quarterly earnings alongside higher funds from operations.

Key points

  • Q4 2024 net income per share fell 5.7% to $0.41, while full year net income per share rose 4.8% to $1.78
  • Q4 2024 Core FFO per share rose 3.5% to $1.02 and AFFO per share rose 4.7% to $1.04
  • 2025 guidance: AFFO per share of $4.26 to $4.30 and investment volume of $1.1 to $1.3 billion
  • Year-end liquidity was over $2.0 billion, including about $1.1 billion of Credit Facility availability

The filing

CompanyAgree Realty (ADC)
Form8-K, current report
Filed with the SECFeb 11, 2025, 4:05 PM ET
Accession number0001104659-25-011470

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 February 11, 2025.

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.