NYSE$ADC
Agree Realty Corp · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Announced third quarter 2021 results, with ground lease portfolio approaching 14% of annualized base rents.
Agree Realty Corporation reported a 70.9% increase in net income for the three months ended September 30, 2021, reaching $36.4 million compared to $21.3 million in the same period of 2020. Core FFO increased 44.0% to $64.0 million. Total acquisition volume for the third quarter was approximately $340.1 million.
- Net income for the three months ended September 30, 2021 increased 70.9% to $36.4 million.
- Core FFO for the three months ended September 30, 2021 increased 44.0% to $64.0 million.
- Total acquisition volume for the third quarter was approximately $340.1 million.
- Properties ground leased to tenants increased to 13.8% of annualized base rents.
Headline financials
Revenue & EPS history
Agree Realty · Revenue · Quarterly
$87.5M
Forward guidance
The Company is increasing the lower end of its outlook for acquisition volume for the full-year 2021 to $1.3 billion and is maintaining the upper end of the range at $1.4 billion of high-quality retail net lease properties.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
-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%
Q2 2010
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| 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 2011 | -6.7% | — | — | |
| Q4 2010 | -6.7% | — | — | |
| Q2 2010 | -6.7% | — | — | |
| Q1 2010 | +6.3% | — | — |
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