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Q1: 2026-04-21 Earnings Summary
EPS of $0.49 beats by $0.02
|
Revenue of
$200.81M
(18.71% Y/Y)
beats by $4.72M
Agree Realty Corporation (ADC) Q1 2026 Earnings Call April 22, 2026 9:00 AM EDT
Company Participants
Reuben Treatman - Senior Director of Corporate Finance
Joey Agree - President, CEO & Director
Peter Coughenour - CFO, Secretary & Investor Relations Professional
Conference Call Participants
Jana Galan - BofA Securities, Research Division
Michael Goldsmith - UBS Investment Bank, Research Division
Bennett Rose - Citigroup Inc., Research Division
William John Kilichowski - Wells Fargo Securities, LLC, Research Division
Upal Rana - KeyBanc Capital Markets Inc., Research Division
Richard Hightower - Barclays Bank PLC, Research Division
Linda Yu Tsai - Jefferies LLC, Research Division
Eric Borden - BMO Capital Markets Equity Research
Ronald Kamdem - Morgan Stanley, Research Division
Presentation
Operator
Good morning, and welcome to the Agree Realty First Quarter 2026 Conference Call [Operator Instructions] Please note, this event is being recorded. At this time, I would like to turn the conference over to Reuben Treatman, Senior Director of Corporate Finance. Please go ahead.
Reuben Treatman
Senior Director of Corporate Finance
Thank you. Good morning, everyone, and thank you for joining us for Agree Realty's First Quarter 2026 Earnings Call. Before turning the call over to Joey and Peter to discuss our results for the quarter, let me first run through the cautionary language. Please note that during this call, we will make certain statements that may be considered forward-looking under federal securities law, including statements related to our updated 2026 guidance.
Our actual results may differ significantly from the matters discussed in any forward-looking statements for a number of reasons. Please see yesterday's earnings release and our SEC filings, including our latest annual report on Form 10-K for a discussion of various risks and uncertainties underlying our forward-looking statements. In addition, we discuss non-GAAP financial measures, including core funds from operations or core FFO, adjusted funds from operations or AFFO and pro forma net debt to
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