The REIT raised full-year investment guidance to $1.6B–$1.8B and AFFO-per-share outlook to $4.57–$4.59 after strong Q2 activity.
Agree Realty reported record second-quarter investment activity, deploying over $500 million, including $451 million for 82 retail net-lease properties. Development activity also hit new highs, driving the company to raise its 2026 investment-volume guidance to $1.6 billion–$1.8 billion and AFFO-per-share guidance to $4.57–$4.59.
The revised outlook implies nearly 6% year-over-year growth at the midpoint, supported by a record occupancy rate of 99.8% and liquidity of approximately $1.9 billion. The company also increased its monthly dividend by 4.3% year over year, reflecting confidence in portfolio performance.
CEO Joey Agree highlighted the quarter’s investment quality, noting the combination of real estate attributes, credit composition, and lease terms set a company record. The expanded pipeline and strong balance sheet underpin the raised guidance.