Agree Realty: 3 Key Takeaways for Long-Term Investors

Agree Realty (ADC) reduced its 2026 investment volume guidance to $1.6 billion due to higher borrowing costs, prioritizing yield over transaction volume. The company's development platform activity nearly doubled year-over-year with $163 million in project commencements. With 99.8% portfolio occupancy, $2 billion in liquidity, and a conservative 3.9x net debt-to-EBITDA ratio, management expects mid-single digit AFFO per-share growth and double-digit operational returns in 2027.