topstockalerts
Oct 20, 10:43 PM
Agree Realty reported strong Q3 2026 results, beating Wall Street expectations with adjusted EPS of
$0.53 versus
$0.48 estimated and revenue of
$213.88M versus
$211.19M expected, up 16.7% year over year.
Management raised its 2026 AFFO-per-share guidance to
$4.58–
$4.59. During the first nine months, the company invested approximately
$1.3B across its three external growth platforms. Q3 investments totaled
$358M across 94 retail net-lease properties, while portfolio occupancy remained strong at 99.8% and liquidity stood at approximately $ 2B.
Wells Fargo lowered its price target to
$79 from
$83 but maintained an Overweight rating. Agree Realty also issued
$400M in public bonds at an all-in rate of 5.36%, further strengthening its balance sheet.
The earnings beat and higher guidance helped restore investor confidence after the REIT hit a 52-week low earlier in October, supporting its income and dividend-growth investment case.
$ADC
