AGREE REALTY CORP SEC Filings

Agree Realty Corp executive chairman Richard Agree, through a trust for his children, reported purchasing 24,000 common shares of ADC on January 9, 2026 at a weighted average price of $70.67 per share. The filing notes that these shares were bought in multiple trades at prices ranging from $70.40 to $70.82.

Following this purchase, the trust for his children held 159,855 shares indirectly attributed to him. He also reported 414,708 common shares held directly and an additional 85,512 common shares held indirectly through his wife.

Agree Realty Corporation filed an update describing recent communications with investors and providing detailed share count data for 2025. The company issued a press release covering its 2025 investment activity, 2026 investment outlook, portfolio updates, and fourth quarter 2025 capital markets activity, and posted an updated investor presentation on its website.

The filing also reports the weighted-average number of common shares outstanding for the three and twelve months ended December 31, 2025. Basic weighted-average shares were 114,695,645 for the quarter and 110,723,375 for the year, while diluted weighted-average shares were 114,998,257 for the quarter and 111,200,645 for the year. The company explains that it used the treasury stock method to reflect dilution from forward equity offerings, which added 43,198 weighted-average incremental shares for the quarter and 216,703 for the year.

Agree Realty Corp director files insider trading report showing both a share transfer and a purchase. On 12/22/2025, the reporting director transferred 11,549 common shares of Agree Realty Corp, coded as a disposition at a price of $0. On 12/24/2025, the same director purchased 15,000 common shares at a weighted average price of $72.18, with individual trades ranging from $72.03 to $72.32.

Following these transactions, the director beneficially owned 562,605.801 common shares directly, which includes 5,454.303 shares acquired through a dividend reinvestment plan since the last filing. The filing notes that more detailed trade-by-trade pricing information is available upon request from the issuer, any security holder, or the SEC staff.

Agree Realty Corp’s chief accounting officer reports a small share withholding for taxes. On 12/01/2025, the officer filed a Form 4 showing that 262 common shares of Agree Realty Corp were disposed of at a price of $74.64 per share. The filing explains that these shares were withheld by the company to cover tax obligations arising from the vesting of 602 common shares.

After this tax-related withholding, the officer beneficially owned 12,015 common shares directly. This event reflects routine equity compensation and associated tax settlement rather than an open-market sale.

Agree Realty Corp (ADC) reported an insider equity transfer by its President & CEO, who is also a director. On 11/18/2025, the insider reported a transaction coded “G,” indicating a bona fide gift of 1,028 common shares at a reported price of $0, held indirectly by children. After this transaction, the insider beneficially owns 3,962 common shares indirectly by children and 638,688 common shares directly. This filing reflects a personal estate or family-related transfer rather than an open-market trade.

Agree Realty Corp (ADC) executive chairman reports share transfer

Agree Realty Corp’s executive chairman and director reported a Form 4 transaction involving 2,570 common shares on 11/18/2025. The transaction was coded “G,” indicating a gift of shares at a stated price of $0. After this transaction, he reports owning 414,708 common shares directly, 85,512 common shares indirectly through his wife, and 135,855 common shares indirectly through a trust for his children.

Agree Realty Corporation entered into a new $350 million unsecured delayed draw term loan maturing in May 2031, giving it additional flexible borrowing capacity. The company can request increases so total loans under this facility do not exceed $500 million, with interest based on SOFR or a base rate plus a margin tied to its credit rating. Agree Realty also amended its revolving credit agreement to reduce the SOFR credit spread adjustment from 10 basis points to zero, modestly lowering borrowing costs. A second amendment to an existing term loan, combined with $350 million of interest rate swaps, fixes that loan’s interest rate at 4.37% through January 2029.

Agree Realty Corporation (ADC) filed its Q3 2025 10‑Q. Total revenues were $183.2 million for the quarter, driven by rental income of $183.2 million. Net income was $52.3 million, and diluted EPS was $0.45. Operating expenses rose with portfolio growth, including depreciation and amortization of $61.2 million and property-related costs. Interest expense was $35.2 million.

Total assets reached $9.48 billion at September 30, 2025, with net real estate investments of $8.30 billion. Equity stood at $5.87 billion. The company issued common stock during the year, bringing issued and outstanding shares to 114,134,251 at quarter-end; 114,934,390 were outstanding as of October 20, 2025. The board declared common dividends of $0.768 per share for Q2 and Q3 2025 and $0.759 for Q1. Cash from operations was $392.8 million year-to-date, supporting $1.09 billion in acquisitions and development spending. Debt included $2.58 billion in senior unsecured notes and $389.0 million on the revolving credit facility and commercial paper.

Agree Realty Corporation (ADC) furnished an 8-K announcing it issued a press release describing results for the third quarter ended September 30, 2025, and posted an updated investor presentation.

The press release is furnished as Exhibit 99.1 and the investor presentation as Exhibit 99.2. The company states this information is furnished, not filed, under the Exchange Act and is not incorporated by reference unless specifically referenced.