Agree Realty invests $1.55B in 2025 net-lease assets at 7.2% cap rate and secures $350M term loan
Agree Realty invested $1.55B in 2025, acquiring 305 net-leased assets at a 7.2% cap rate with 64.9% of annualized base rent from investment-grade tenants. The REIT closed 2025 with over $2B liquidity, secured a $350M term loan at 4.02% and forecasts $1.25B–$1.5B in net-lease investments for 2026.
1. Agree Realty Schedules Q4 and Full-Year 2025 Results Release and Conference Call
Agree Realty Corporation will report its fourth quarter and full-year 2025 operating results after market close on Tuesday, February 10, 2026. The Company has scheduled a conference call for Wednesday, February 11, 2026 at 9:00 AM ET to discuss these results. Investors may join via a U.S. toll-free teleconference (800-715-9871), international dial-in (646-307-1963, Conference ID 2741039) or a live webcast accessible on the Company’s website five minutes before the call. A replay of the webcast will be archived in the Investors section of agreerealty.com.
2. 2025 Investment Activity and 2026 Capital Deployment Outlook
During 2025, Agree Realty invested approximately $1.55 billion across acquisition, development and its Developer Funding Platform, completing or starting 338 net-lease retail projects in 41 states spanning 29 retail sectors. The Company acquired 305 properties for $1.44 billion at a weighted-average cap rate of 7.2% and an average remaining lease term of 11.5 years, with 64.9% of annualized base rent from investment-grade tenants and 6.9% from ground leases. In Q4 2025 alone, acquisition volume exceeded $347 million at a 7.1% cap rate, with a 9.6-year average lease term and 65.7% of rents from investment-grade tenants. As of year-end, 66.8% of annualized base rent was generated by investment-grade retailers and ground leases represented 10.2% of total rents. Looking ahead, the Company projects deploying $1.25 billion to $1.50 billion in 2026 through its acquisition, development and funding platforms.