Agree Realty (ADC) reported Q1 adjusted funds from operations late Tuesday of $1.06 per diluted share, up from $1.03 a year earlier.

Analysts polled by FactSet expected $1.05.

Revenue in the three months ended March 31 rose to $169.2 million from $149.5 million a year earlier.

Analysts surveyed by FactSet expected $166.5 million.

The company raised its 2025 AFFO per share guidance to the range of $4.27 to $4.30 from $4.26 to $4.30.

Analysts polled by FactSet expect $4.28.