Agree Realty updates 2026 investment guidance

Agree Realty Corporation announced updated full-year 2026 investment volume guidance of approximately $1.6 billion during its third-quarter 2026 earnings call. The adjustment reflects management's response to higher borrowing costs.

CEO Joey Agree stated that the company is prioritizing yield over transaction volume, repricing its deal pipeline to protect profit margins rather than chasing lower yields. The company maintains a property portfolio with a 99.8% occupancy rate.

Additionally, the company's development platform has seen significant growth. Through September 30, 2026, the company commenced projects totaling approximately $163 million, nearly doubling the level achieved in the prior period. The company aims for a medium-term objective of $250 million in annual development and developer funding platform commencements.