Agree Realty Corporation (ADC) has reported its first-quarter revenue, coming in at $169.16 million, surpassing analysts' expectations of $166.53 million. The strong financial performance marks a promising start to the year for the real estate investment trust.
The company has deployed over $375 million in capital across its three external growth platforms, enhancing its portfolio. As a result, Agree Realty is now raising its full-year 2025 investment guidance to a range between $1.3 billion and $1.5 billion. Additionally, the company has adjusted its 2025 adjusted funds from operations (AFFO) per share guidance to between $4.27 and $4.30.
With total liquidity of approximately $1.9 billion and over $1.2 billion in hedged capital, Agree Realty's balance sheet is well-prepared to support its growth strategy. The company continues to focus on disciplined asset underwriting and portfolio construction to navigate current market uncertainties effectively.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Dakota Gold Corp (DC, Financial) is $7.88 with a high estimate of $8.25 and a low estimate of $7.50. The average target implies an upside of 181.25% from the current price of $2.80. More detailed estimate data can be found on the Dakota Gold Corp (DC) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Dakota Gold Corp's (DC, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
