Q3 2025 Agree Realty Corp Earnings Call Transcript
Key Points
- Agree Realty Corp (ADC) achieved its largest quarterly investment volume since the COVID-19 pandemic, deploying over $450 million across its platforms.
- The company increased its full-year 2025 investment guidance to a range of $1.5 to $1.65 billion, representing a 65% increase over last year's investment volume.
- ADC received an A-minus issuer rating from Fitch Ratings, making it one of only 13 publicly listed US REITs with an A credit rating or better.
- The company maintains a strong balance sheet with $1.9 billion in liquidity and no material debt maturities until 2028.
- ADC's portfolio occupancy remained strong at 99.7%, with investment-grade exposure leading the sector at 67%.
- The company anticipates approximately 25 basis points of credit loss for the year, although this is a reduction from previous guidance.
- There is limited visibility on acquisitions, and while the pace is ahead of expectations, there is uncertainty about potential slowdowns.
- ADC's exposure to dollar stores and pharmacies has decreased, indicating a cautious approach to these sectors.
- The company has passed on larger deals due to pricing concerns, suggesting potential challenges in finding appropriately valued acquisitions.
- Despite strong performance, the company faces macroeconomic uncertainties, including potential impacts from tariffs and construction costs.
Good morning and welcome to the Agri Real Third quarter 2025 conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the start key followed by 0.
After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on your touchtone phone. To withdraw your question, please press star, then 1 again. Please limit yourself to 2 questions during this call.
No, this call is being is being recorded.
I would now like to turn the conference over to Ruben Treatment, senior director of corporate finance. Please go ahead, Ruben.
Thank you. Good morning, everyone, and thank you for joining us for AgriRI's 3rd quarter 2025 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'll make certain statements that
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
