Agree Realty Corporation reported significant financial growth in its latest 10-Q filing for the quarter ending September 30, 2025. The company achieved total revenues of $183.2 million for the third quarter, a 19% increase from $154.3 million in the same period last year. For the nine months ending September 30, 2025, revenues reached $527.9 million, up 16% from $456.4 million in 2024. Net income attributable to common stockholders also rose, reaching $50.3 million for the third quarter, an 18% increase from $42.5 million in the prior year, and $142.7 million for the nine-month period, a 3% increase from $138.4 million.
The company’s total assets increased to $9.48 billion as of September 30, 2025, compared to $8.49 billion at the end of 2024. This growth was driven by a rise in real estate investments, which totaled $8.30 billion, up from $7.42 billion at the end of the previous fiscal year. The number of properties owned by Agree Realty also expanded to 2,603, with a total gross leasable area of approximately 53.7 million square feet, reflecting a strategic focus on acquisitions and development.
In terms of operational metrics, Agree Realty completed 90 property acquisitions during the third quarter, totaling $402.6 million, and 227 properties for $1.09 billion in the nine months ending September 30, 2025. The company also reported a provision for impairment of $3.0 million for the quarter, compared to $2.7 million in the same period last year. The company’s portfolio remains robust, with a 99.7% lease rate and a weighted average remaining lease term of approximately 8.0 years.
Looking ahead, Agree Realty anticipates continued growth, supported by its strong liquidity position of over $1.91 billion, which includes cash, unsettled forward equity, and availability under its revolving credit facility. The company plans to fund its future acquisitions and development projects through cash generated from operations and additional financing as needed. The management remains optimistic about the company’s ability to navigate market conditions and capitalize on opportunities in the retail real estate sector.
About AGREE REALTY CORP
Agree Realty Corporation is a fully integrated real estate investment trust (REIT) focused on acquiring, developing, and managing retail properties net leased to leading national tenants. With a portfolio of 2,370 properties across all 50 states, the company targets sectors resilient to e-commerce and economic downturns. Significant initiatives include a $939.2 million investment in retail real estate and a commitment to sustainability, enhancing its market position and dividend growth.
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