Agree Realty (ADC) Surpasses Q3 FFO and Revenue Estimates

Core Insights - Agree Realty (ADC) reported quarterly funds from operations (FFO) of $1.1 per share, exceeding the Zacks Consensus Estimate of $1.08 per share, and up from $1.03 per share a year ago, indicating a positive performance trend [1][2] - The company achieved revenues of $183.22 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.10% and showing an increase from $154.33 million year-over-year [2] - The stock has seen a price increase of approximately 7.5% since the beginning of the year, while the S&P 500 has gained 14.5%, indicating underperformance relative to the broader market [3] Financial Performance - Over the last four quarters, Agree Realty has surpassed consensus FFO estimates three times and topped revenue estimates four times [2] - The current consensus FFO estimate for the upcoming quarter is $1.10, with projected revenues of $184.71 million, and for the current fiscal year, the estimate is $4.31 on revenues of $708.5 million [7] Market Outlook - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call and future FFO expectations [3][4] - The Zacks Rank for Agree Realty is currently 2 (Buy), suggesting that the stock is expected to outperform the market in the near future [6] - The REIT and Equity Trust - Retail industry is currently ranked in the bottom 39% of over 250 Zacks industries, which may impact stock performance [8]