Agree Realty posted Q2 net income attributable to common stockholders up 11.5% to USD 52.8 million; diluted EPS rose 2.2% to USD 0.44.
Revenue climbed to USD 205.1 million from rental income of USD 205.0 million.
Guidance, investment activity and balance sheet
Raised 2026 AFFO per share guidance to USD 4.57-USD 4.59; lifted investment volume outlook to USD 1.6 billion-USD 1.8 billion.
Invested a record USD 502 million in 102 retail net lease properties; settled 4,300,000 forward-equity shares for net proceeds of about USD 313 million.
Ended the quarter with about USD 1.9 billion of liquidity; portfolio was 99.8% leased with a 7.7-year weighted-average lease term.
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