Agree Realty Corporation (ADC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the Agree Realty First Quarter twenty twenty six Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Note, this event is being recorded. At this time, I would like to turn the conference over to Ruben Treatment, Senior Director of Corporate Finance. Please go ahead. Thank you. Good morning, everyone, and thank you for joining us for Agree Realty's first quarter twenty twenty six 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 will make certain statements that may be considered forward looking under federal securities law, including statements related to our updated 2026 guidance. Our actual results may differ significantly from the matters discussed in any forward looking statements for a number of reasons. Please see yesterday's earnings release and our SEC filings, including our latest annual report on Form 10 ks for a discussion of various risks and uncertainties underlying our forward looking statements. In addition, we discuss non GAAP financial measures, including core funds from operations or core FFO, adjusted funds from operations or AFFO and pro form a net debt to recurring EBITDA. Reconciliations of our historical non GAAP financial measures to the most directly comparable GAAP measures can be found in our earnings release, website and SEC filings. I'll now turn the call over to Joey. Thank you, Ruben, and thank you all for joining us this morning. I'm extremely pleased with our performance to start the year as we have continued to execute on all fronts. During the quarter, we invested nearly $425,000,00...