Agree Realty Corporation reported its earnings for the fourth quarter (Q4) and full year (FY) ended December 31, 2025. For Q4 2025, total revenues reached USD 92.43 million, while income from operations was USD 92.43 million. Net income attributable to common shareholders for Q4 2025 was USD 54.18 million. Basic net income per share stood at USD 0.47, with diluted net income per share also at USD 0.47. For the full year 2025, total revenues were USD 340.40 million, with income from operations of USD 340.40 million. Net income attributable to common shareholders for the year was USD 196.91 million. Basic net income per share was USD 1.77 and diluted net income per share was also USD 1.77. Interest expense, net, for Q4 2025 was USD 36.36 million, and for the year totaled USD 134.61 million. The company reported total equity of USD 6.27 billion as of December 31, 2025, and total liabilities and equity stood at USD 9.80 billion. Weighted average number of common shares outstanding for Q4 2025 was 114,695,645 basic and 114,998,257 diluted. For the full year 2025, the basic weighted average was 110,723,375 and diluted was 111,200,645. During the reported period, Agree Realty Corporation continued its operations in line with its business model as a real estate investment trust, reflected in its consistent income from operations and net income performance.

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