ADC•Agree Realty raised its full-year AFFO guidance to $4.58-$4.59 per share, implying nearly 6% growth at the midpoint, and lowered investment volume guidance to approximately $1.6 billion. Management expects mid-single-digit AFFO per-share growth in 2027.
Management raised full-year AFFO guidance to $4.58-$4.59 per share and lowered investment volume guidance to approximately $1.6 billion after eliminating lower-yield opportunities and repricing its pipeline. Acquisition capitalization rates reached 7.3%, with CEO Joey Agree outlining a further 25-basis-point increase in the fourth quarter without taking greater risk.
Management expects mid-single-digit AFFO per-share growth in 2027 without assuming improvements in interest rates or the stock price.
