NYSE$ADC

Agree Realty Corp · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Agree Realty Corp reported increased rental income and portfolio expansion for Q2 2025.

The company achieved total revenues of $175.5 million for the quarter ended June 30, 2025, driven by acquisitions and development activity. Net income attributable to common stockholders was $47.3 million, or $0.43 per diluted share. The portfolio grew to 2,513 properties with 52.0 million square feet of GLA and remained 99.6% leased.

  • Rental income rose 15% year-over-year to $175.4 million.
  • Core FFO per share increased to $1.05 and AFFO per share reached $1.06.
  • Portfolio expanded to 52.0 million square feet with 99.6% occupancy and 8.0-year weighted average lease term.
  • Quarterly common dividend declared at $0.768 per share.

Headline financials

Total Revenue

$176M

Previous: $153M+15.0%
EPS (adj)

$0.43

Previous: $0.52-17.3%
Core FFO per share

$1.05

No prior period
AFFO per share

$1.06

No prior period
Dividend per share

$0.77

No prior period
Gross leasable area

52.0M

Previous: 45.8M+13.5%
Portfolio occupancy

1.0%

No prior period
Weighted average lease term

8

No prior period
Capital Expenditures

-$329M

Previous: -$188M-75.5%
Net Income

$49.2M

Previous: $54.7M-10.1%
Operating Income

$82M

Previous: $82M+0.0%
Cash & Equivalents

$5.82M

No prior period
Total Assets

$9.08B

No prior period

Revenue & EPS history

Agree Realty · Revenue · Quarterly

$176M

Q2 2025+15%vs Q2 2024
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-0.0%

Avg return

Earnings day

+0.3%

Avg return

5 days after

-0.0%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+6.3%

Q1 2010

Best reaction

-6.7%

Q4 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-2.8%-3.7%-4.3%
Q4 2025+0.3%+2.1%+3.5%
Q3 2025+0.2%-0.1%-0.6%
Q1 2025-2.4%-3.4%-5.2%
Q4 2024-1.7%-2.2%+5.9%
Q3 2024+2.3%+0.1%+2.9%
Q2 2024+2.3%+3.6%+9.2%
Q1 2024+2.6%+1.5%+3.7%
Q4 2023-3.4%-1.9%-5.0%
Q3 2023+0.3%+0.6%+6.4%
Q2 2023-2.7%-0.3%-4.6%
Q1 2023+2.5%+0.8%-2.3%
Q4 2022+1.3%+2.6%-6.4%
Q3 2022-3.2%-0.6%+2.2%
Q2 2022-3.0%-2.2%-4.3%
Q1 2022+4.3%+2.1%+6.5%
Q4 2021-1.6%+2.1%+1.6%
Q3 2021+0.6%-0.2%-6.5%
Q2 2021+0.6%+0.2%-1.8%
Q1 2021+0.9%+0.0%+2.8%
Q4 2020-1.8%+0.2%+3.4%
Q3 2020-0.5%+0.1%-1.5%
Q2 2020-2.8%-5.2%+0.6%
Q1 2020+0.7%-2.4%-1.8%
Q4 2019+3.8%-0.1%-31.3%
Q3 2019+1.7%+2.2%-0.9%
Q2 2019+5.3%+6.4%+14.0%
Q1 2019+0.3%+3.4%+3.1%
Q4 2018+1.8%+1.4%+5.3%
Q3 2018+0.1%+5.4%+8.2%
Q2 2018-1.5%-2.4%+5.1%
Q1 2018-0.4%+2.9%+7.3%
Q4 2017+5.9%+4.6%+3.2%
Q3 2017-0.7%-4.7%+0.7%
Q2 2017+1.1%+4.1%+5.0%
Q1 2017-1.4%-5.1%-10.3%
Q4 2016+3.7%+1.5%-1.6%
Q3 2016+1.2%-1.7%-7.9%
Q2 2016-1.2%+1.6%-4.2%
Q1 2016+3.1%
Q4 2015-3.6%
Q3 2015+2.2%
Q2 2015-0.1%
Q1 2015+0.7%
Q4 2014+0.1%
Q3 2014+0.7%
Q2 2014-1.3%
Q1 2014+0.2%
Q4 2013+0.1%
Q3 2013-0.8%
Q2 2013-0.8%
Q1 2013-1.7%
Q4 2012-0.8%
Q3 2012-0.7%
Q2 2012+0.3%
Q1 2011+0.1%
Q1 2012+0.8%
Q4 2009+0.6%
Q4 2011+0.6%
Q3 2010-0.2%
Q3 2011-0.2%
Q2 2010-6.7%
Q2 2011-6.7%
Q4 2010-6.7%
Q1 2010+6.3%

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