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Original headline: Agree Realty Stock : 7 . 3 % Acquisitions , $75 Equity , And A $67 Stock ( NYSE : ADC )
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- Agree Realty ( ADC ) Q3 2026 Earnings Call Transcript
Agree Realty (ADC) reported Q3 AFFO and Core FFO per share of $1.15, up 4.9% year over year, and net income per share of $0.53, up 18.5%. It acquired 68 properties for $308.6 million at a 7.3% capitalization rate, and cut full-year investment guidance to about $1.6 billion as higher interest rates made it more selective, with management saying it is in no rush to deploy at yesteryear's pricing. AFFO guidance was raised to $4.58–$4.59 per share and disposition guidance to $100–150 million. Occupancy was 99.8%, total liquidity about $2.0 billion, and the company issued $400 million of senior notes due 2036 at an all-in rate of 5.36%. Management also flagged macroeconomic risks and pressure on lower-tier grocers in a low-margin sector.
- Agree Realty ( ADC ) Q3 2026 Earnings Call Transcript
Agree Realty Corporation (ADC) reported third-quarter AFFO and Core FFO per share of $1.15, both up 4.9% year over year, while net income per share rose 18.5% to $0.53. The company acquired 68 properties for $308.6 million at a 7.3% capitalization rate, but cut its full-year investment guidance to about $1.6 billion as higher interest rates made it more selective. It raised its full-year AFFO guidance to $4.58–$4.59 per share and its disposition guidance to $100–150 million, while portfolio occupancy reached a company-record 99.8%. Management said it is in no rush to deploy capital at prior pricing and is focused on pushing acquisition yields higher to maintain historical spreads.
- Realty Income ( NYSE : O ) Stock Gets Price Target Cut from Mizuho
Mizuho cut its price target on Realty Income (NYSE: O) from $61.00 to $59.00 and kept a neutral rating. Shares opened at $55.30, below the 50-day moving average of $58.29 and the 200-day average of $61.22, and near the 52-week low of $53.15. In the latest quarter, the REIT reported EPS of $1.09, in line with estimates, and revenue of $1.55 billion, above the $1.40 billion expected and up 9.7% year over year. The company set 2026 EPS guidance at 4.440-4.450, and declared a monthly dividend of $0.2715, a 5.9% yield on an annualized basis. According to MarketBeat, analysts' consensus rating is 'Moderate Buy' with an average price target of $72.34.
- Realty Income ( NYSE : O ) Stock Price Target Cut by Mizuho
Mizuho cut its price target on Realty Income (NYSE:O) from USD 61.00 to USD 59.00 and kept a 'neutral' rating, according to Benzinga, implying about 4.68% upside from the previous close. Shares opened at USD 56.36 on Monday, within a 52-week range of USD 53.15 to USD 67.93, with a market cap of USD 53.33 billion. According to MarketBeat, the analyst consensus is 'Moderate Buy' with an average target of USD 72.34. The company reported quarterly EPS of USD 1.09, in line with estimates, and revenue of USD 1.55 billion versus USD 1.40 billion expected. Realty Income has set FY 2026 EPS guidance at 4.440–4.450.
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