Agree Realty Adjusts 2026 Investment Guidance Amid Higher Borrowing Costs
During its third-quarter 2026 earnings call, Agree Realty (ADC) announced a revised full-year investment volume guidance of approximately $1.6 billion. This adjustment reflects management's strategic decision to prioritize higher acquisition cap rates and yield over transaction volume in response to increased borrowing costs. The company is leveraging its Developer Funding Platform (DFP) to drive growth, with project commencements nearly doubling year-over-year to $163 million through September 30. Supported by a conservative balance sheet featuring $2 billion in liquidity and no material debt maturities until 2028, Agree Realty aims to maintain mid-single-digit AFFO per-share growth into 2027.
Tickers: $ADC
Topics: capital deployment development platform earnings call investment guidance real estate investment trust