NYSE$ADC
Agree Realty Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Agree Realty Corporation reported results for the quarter ended September 30, 2023, achieving record investment grade exposure.
Agree Realty Corporation announced its Q3 2023 results, with net income increasing by 5.6% to $39.7 million and Core FFO increasing by 23.3% to $96.4 million. The company's portfolio consisted of 2,084 properties in 49 states, with 99.7% leased and 68.9% of annualized base rents from investment grade retail tenants. Total acquisition volume for the quarter was approximately $398.3 million.
- Net income for the quarter increased 5.6% to $39.7 million compared to the same period in 2022.
- Core FFO for the quarter increased 23.3% to $96.4 million compared to the same period in 2022.
- Total acquisition volume for the quarter was approximately $398.3 million.
- The company's portfolio consisted of 2,084 properties, with 99.7% leased and 68.9% of annualized base rents from investment grade retail tenants.
Headline financials
Revenue & EPS history
Agree Realty · Revenue · Quarterly
$137M
Forward guidance
The Company now anticipates acquisition volume for the full-year 2023 to be approximately $1.3 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 2023
-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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