AcquisitionsThe company raised its FY 24 acquisition guidance to approximately $700 million from the previous $600 million, indicating a strong commitment to expanding its portfolio.
Financial PerformanceAgree Realty Corporation announced a favorably priced $450M unsecured notes offering, which should have positive bottom-line implications, while lengthening the maturity profile of the balance sheet.
LiquidityADC estimates total liquidity of over $1.4 billion, including forward equity, revolver capacity, and cash on hand, ensuring ample funds for strategic investments.