Agree Realty raises 2026 guidance after record Q2 investments
ADC•Updated 2026 outlook
- Agree Realty raises 2026 investment guidance to $1.6 bln-$1.8 bln
- Company increases 2026 AFFO per share guidance to $4.57-$4.59
- Company cites robust activity and strong liquidity as drivers for revised outlook
Agree Realty said robust activity and strong liquidity were the drivers behind the revised outlook.
Key quarterly figures and market context
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 EPS | $0.44 | ||
| Q2 Net Income | $54.81 mln | ||
| Q2 Core FFO | $136 mln | ||
| Q2 Core FFO Per Share | $1.13 |
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the commercial REITs peer group is "buy". Wall Street's median 12-month price target for Agree Realty Corp is $84.00, about 4.5% above its July 29 closing price of $80.39.
The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 37 three months ago.
Quarterly results and investment activity
- US retail net lease REIT's Q2 net income per share rose 2.2% yr/yr
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