Agree Realty Corporation's SEC filings document the reporting framework of a Maryland retail net lease REIT that operates through Agree Limited Partnership. Form 8-K filings furnish operating results, supplemental financial metrics, investor presentations, weighted-average share calculations, OP Unit disclosures, and Regulation FD updates on portfolio and investment activity.
The filing record also covers capital structure and financing matters, including at-the-market equity programs, forward sale arrangements, common stock, depositary shares representing Series A preferred stock, unsecured credit facilities and term loan agreements. Proxy materials disclose board governance, executive compensation, shareholder voting matters and equity award information.
AGREE REALTY CORP (ADC) director John Rakolta Jr. purchased 20,000 Common Shares on September 16, 2026 in an open-market transaction at a weighted average price of $68.78 per share, with individual trade prices ranging from $68.74 to $68.81. Following this purchase, he holds 654,602.102 Common Shares directly, including 2,405.098 shares acquired under a dividend reinvestment plan since his last ownership filing, and 146 Common Shares held indirectly by his wife. No Rule 10b5-1 trading plan is reported for these transactions.
AGREE REALTY CORP (ADC) reported that its president and CEO, Joey Agree, purchased 7,360 common shares on September 16, 2026 in a purchase in an open market or private transaction at a weighted average price of $68.06 per share, with individual trade prices ranging from $67.97 to $68.13. Following this transaction, he directly held 682,465 common shares and also reported indirect ownership of 3,962 common shares held by his children. No Rule 10b5-1 trading plan is reported for these transactions.
AGREE REALTY CORP (ADC) director John Rakolta Jr reported a purchase of 10,000 Common Shares on August 31, 2026 in an open-market or private transaction at a weighted average price of $72.42 per share, with individual trade prices ranging from $72.40 to $72.43. After this transaction, he held 632,197.004 Common Shares directly and 146 Common Shares indirectly through his wife. No transactions were reported under a Rule 10b5-1 trading plan.
AGREE REALTY CORP (ADC) director John Rakolta Jr. reported open-market purchases of company common shares. On 2026-08-27 he purchased 20,000 shares at a weighted average price of about $73.23 per share, and on 2026-08-28 he purchased 136 shares at $73.52 per share, all held directly. A separate indirect holding entry reports 146 shares held by his wife. The filing also notes 6,263.244 shares acquired under a dividend reinvestment plan since his prior ownership report.
AGREE REALTY CORP (ADC) reported that its Chief Operating Officer, Nicole Witteveen, had 293 Common Shares withheld on August 19, 2026 to pay tax withholdings due upon the vesting of 673 Common Shares. After this tax-withholding disposition, she holds 23,274 Common Shares directly.
Cohen & Steers entities report beneficial ownership of 16,465,990 shares of Agree Realty Corporation common stock, representing 13.71% of the outstanding class. Cohen & Steers, Inc., a Delaware corporation, is the parent of several investment adviser subsidiaries that hold these shares for client accounts.
The group has sole voting power over 12,772,552 shares and sole dispositive power over all 16,465,990 shares, with no shared voting or dispositive power. The underlying account holders of Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd., Cohen & Steers Asia Ltd., and Cohen & Steers Ireland Ltd. are entitled to receive dividends and sale proceeds from the securities held on their behalf.
Agree Realty Corporation generated higher results for the quarter ended June 30, 2026. Total revenues were $205.1 million versus $175.5 million a year earlier, and net income attributable to common stockholders was $52.8 million versus $47.3 million, or $0.44 per diluted share.
Total assets were about $10.6 billion, including $9.24 billion of net real estate investments across 2,825 properties with roughly 59.6 million square feet of gross leasable area. In the first half of 2026 it acquired 167 properties for $857.6 million and sold 21 properties for $38.9 million, recording $7.3 million of impairment charges.
Net cash provided by operating activities was $276.1 million for the first six months. Total gross debt was $3.85 billion, consisting mainly of unsecured term loans, senior unsecured notes and $497.0 million of commercial paper. The company declared monthly common dividends of $0.267 per share and continued Series A preferred dividends of $0.08854 per Depositary Share.
Agree Realty Corporation reported strong second‑quarter 2026 results and raised full‑year guidance. For the quarter ended June 30, 2026, net income attributable to common stockholders was $52.8 million, or $0.44 per share, up 11.5% and 2.2% year over year. Core FFO was $136.0 million and AFFO was $138.0 million, with per‑share figures of $1.13 and $1.14, rising 7.5% and 7.4%.
The company delivered record quarterly investment activity of approximately $502 million across 102 retail net‑lease properties and first‑half investments of about $925 million, while selling 21 properties for $40.9 million. The portfolio totaled 2,825 properties and 59.6 million square feet, was 99.8% leased, and generated 65.8% of annualized base rent from investment‑grade tenants.
Full‑year 2026 AFFO per‑share guidance was increased to $4.57–$4.59 and investment volume guidance to $1.6–$1.8 billion. Liquidity was about $1.9 billion, with proforma net debt to recurring EBITDA at 3.7x. The monthly common dividend rose 4.3% year over year to an annualized $3.204 per share, with a roughly 70% AFFO payout ratio.
Agree Realty Corporation filed an update on its share count for earnings per share calculations for the three and six months ended June 30, 2026. For these periods, the weighted-average number of common shares outstanding used in basic EPS was 119,996,944 and 119,924,725, respectively.
After including dilutive securities such as share-based compensation and forward equity offerings, the weighted-average diluted share counts were 120,487,256 for the quarter and 120,449,139 for the six-month period. When adding 347,619 Operating Partnership Units, total weighted-average shares and OP Units used in diluted EPS were 120,834,875 and 120,796,758.
The Company used the treasury stock method to account for the potential dilution from forward equity offerings before settlement. These offerings added 328,729 incremental diluted shares for the quarter and 363,582 incremental diluted shares for the six-month period.
AGREE REALTY CORP executive chairman Richard Agree reported an open-market purchase of 5,000 Common Shares on June 4, 2026 at $71.41 per share. The purchased shares are held indirectly through his wife’s account, bringing that indirect position to 90,512 shares following the transaction.
Separate holding entries show he directly owns 422,200 Common Shares and an additional 155,855 Common Shares are held indirectly in a trust for his children. The filing highlights an overall net increase of 5,000 Common Shares across his reported positions.