Agree Realty posts strong Q1 growth with 8% AFFO rise and near-full occupancy amid economic uncertainty

Agree Realty (ADC) delivered robust first-quarter results, showing 8% growth in Adjusted Funds From Operations (AFFO) and core Funds From Operations (FFO). The company invested $424 million at a 7.1% capitalization rate and maintained a high occupancy rate of 99.7%. With a strong A-rated balance sheet, low leverage of 3.2x pro forma, and solid liquidity, ADC is well-positioned to accelerate growth as interest rates decline. The analyst maintains a buy rating with a target price of $86–90 per share within 2.5 years, supported by AFFO growth and a dividend yield above 4%.