- Today
- Holidays
- Birthdays
- Reminders
- Cities
- Atlanta
- Austin
- Baltimore
- Berwyn
- Beverly Hills
- Birmingham
- Boston
- Brooklyn
- Buffalo
- Charlotte
- Chicago
- Cincinnati
- Cleveland
- Columbus
- Dallas
- Denver
- Detroit
- Fort Worth
- Houston
- Indianapolis
- Knoxville
- Las Vegas
- Los Angeles
- Louisville
- Madison
- Memphis
- Miami
- Milwaukee
- Minneapolis
- Nashville
- New Orleans
- New York
- Omaha
- Orlando
- Philadelphia
- Phoenix
- Pittsburgh
- Portland
- Raleigh
- Richmond
- Rutherford
- Sacramento
- Salt Lake City
- San Antonio
- San Diego
- San Francisco
- San Jose
- Seattle
- Tampa
- Tucson
- Washington
Agree Realty Reports Strong 2025 Results, Raises 2026 Investment Guidance
Company highlights consistent execution, balance sheet strength, and expanded development pipeline
Published on Feb. 14, 2026
Got story updates? Submit your updates here. ›
Agree Realty (NYSE:ADC) executives reported a year of 'consistent execution' in 2025, delivering over 4.5% adjusted funds from operations (AFFO) per share growth while investing $1.55 billion across its acquisition, development, and developer funding platforms. The company provided a more constructive outlook for 2026, supported by higher investment guidance of $1.4 billion to $1.6 billion, continued operating efficiencies, and what management described as a 'tremendous' balance sheet position.
Why it matters
Agree Realty's strong 2025 performance and increased investment guidance for 2026 demonstrate the company's ability to execute on its growth strategy and capitalize on opportunities in the retail real estate market, even amid economic uncertainty. The company's focus on investment-grade tenants, long-term leases, and disciplined capital allocation have helped it navigate market challenges and position itself for continued success.
The details
In the fourth quarter of 2025, Agree Realty reported core FFO per share of $1.10, up 7.3% year-over-year, and AFFO per share of $1.11, up 6.5% year-over-year. For the full year, core FFO per share was $4.28, representing a 5.1% increase, and AFFO per share was $4.33, at the high end of guidance and reflecting 4.6% growth. The company invested $377 million across 94 properties in Q4, including $347 million in acquisitions at a 7.1% weighted average cap rate and 9.6-year weighted average lease term. For the full year, Agree Realty invested nearly $1.6 billion in 338 properties, with acquisitions accounting for over $1.4 billion at a 7.2% weighted average cap rate and 11.5-year weighted average lease term.
- In the fourth quarter of 2025, Agree Realty invested about $377 million across 94 properties.
- For the full year 2025, Agree Realty invested nearly $1.6 billion in 338 properties across 41 states.
The players
Agree Realty
A publicly traded real estate investment trust headquartered in Chicago, Illinois that focuses on acquiring, developing, and managing a diversified portfolio of retail properties under long-term, triple-net (NNN) leases.
Joey Agree
The Chief Executive Officer of Agree Realty.
Peter Agree
The Chief Financial Officer of Agree Realty.
What they’re saying
“We must not let individuals continue to damage private property in San Francisco.”
— Robert Jenkins, San Francisco resident (San Francisco Chronicle)
What’s next
The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.
The takeaway
Agree Realty's strong 2025 performance and increased investment guidance for 2026 demonstrate the company's ability to execute on its growth strategy and capitalize on opportunities in the retail real estate market, even amid economic uncertainty. The company's focus on investment-grade tenants, long-term leases, and disciplined capital allocation have helped it navigate market challenges and position itself for continued success.
