Agree Realty has raised its Funds From Operations (FFO) guidance for fiscal year 2026, setting a new range of $4.57 to $4.59 per share. The upward revision moves the midpoint of the company’s outlook above the consensus analyst estimate of $4.54, indicating stronger-than-expected performance in its core operations. This adjustment signals management’s confidence in maintaining stable cash flows and occupancy levels within its data center portfolio.

The previous guidance range stood at $4.54 to $4.58 per share for the same period. By lifting both the floor and the ceiling of this projection, Agree Realty aligns its internal forecasts with improved market conditions or operational efficiencies realized during the year. The revised figures suggest that the company is on track to deliver value consistent with or exceeding market expectations for industrial real estate investment trusts.

Guidance Revision Details

The following table outlines the change in Agree Realty’s FFO guidance compared to analyst estimates:

What the Numbers Show

The narrowing gap between the lower bound of the revised guidance ($4.57) and the analyst estimate ($4.54) reduces downside risk for investors relying on consensus models. Furthermore, the upper bound increase to $4.59 provides additional upside potential relative to prior expectations. This structural improvement in the guidance range suggests that Agree Realty’s revenue streams are resilient, allowing for a more optimistic cash flow projection without significant deviation from historical trends.

Agree Realty Corporation has announced a 4.3% increase in its annualized dividend, declaring a monthly cash dividend of $0.267 per common share. The new rate reflects an annualized dividend of $3.204, up from $3.072 in the third quarter of 2025. The dividend is payable August 14, 2026 to stockholders of record at the close of business on July 31, 2026.

The company’s Board of Directors also authorized a monthly cash dividend on its 4.25% Series A Cumulative Redeemable Preferred Stock. Shareholders will receive $0.08854 per depositary share, equivalent to $1.0625 per annum. This dividend is payable August 3, 2026 to stockholders of record at the close of business on July 24, 2026.

Dividend Details

Company Profile

Agree Realty Corporation is a publicly traded real estate investment trust focused on the acquisition and development of properties net leased to retail tenants. As of March 31, 2026, the company owned and operated a portfolio of 2,756 properties across all 50 states, encompassing approximately 57.5 million square feet of gross leasable area. The company’s common stock is listed on the New York Stock Exchange under the symbol "ADC".