Agree Realty Corp reported that State Street Corporation beneficially owned 5,967,031 shares of common stock, representing 5% as of 03/31/2026. The filing lists shared voting power of 5,175,780 shares and shared dispositive power of 5,967,031.
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Insights
State Street holds a 5% beneficial stake reported on a Schedule 13G.
State Street Corporation reports beneficial ownership of 5,967,031 shares of Agree Realty common stock as of 03/31/2026. The filing shows shared voting power of 5,175,780 and shared dispositive power of 5,967,031, consistent with passive institutional holdings.
Cash-flow treatment and any trading intent are not stated in the excerpt; subsequent filings would show changes in position.
The disclosure is a passive ownership report, not an active control claim.
The Schedule 13G indicates State Street reported ownership under passive-investor reporting for a 5% threshold. Multiple State Street entities are listed as holders, which is typical for asset-management structures servicing client accounts.
Voting and dispositive powers are reported as shared, and the filing includes subsidiary/affiliate names for clarity; no governance action or change is disclosed.
Key Figures
Beneficially owned:5,967,031 sharesPercent of class:5%Shared voting power:5,175,780 shares+2 more
5 metrics
Beneficially owned5,967,031 sharesAmount beneficially owned as of <date>03/31/2026</date>
Percent of class5%Percent of class reported on the Schedule 13G
Shared voting power5,175,780 sharesShared power to vote reported in Item 4
Shared dispositive power5,967,031 sharesShared power to dispose reported in Item 4
CUSIP008492100Agree Realty common stock CUSIP
Key Terms
Schedule 13G, Beneficial Ownership, Shared Dispositive Power
3 terms
Schedule 13Gregulatory
"Item 1. | (a) | Name of issuer: AGREE REALTY CORP"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Shared Dispositive Powerfinancial
"(iv) Shared power to dispose or to direct the disposition of: 5,967,031"
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
AGREE REALTY CORP
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
008492100
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
008492100
1
Names of Reporting Persons
STATE STREET CORPORATION
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MASSACHUSETTS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,175,780.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,967,031.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,967,031.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
AGREE REALTY CORP
(b)
Address of issuer's principal executive offices:
70 EAST LONG LAKE ROAD, BLOOMFIELD HILLS, MICHIGAN, 48304
Item 2.
(a)
Name of person filing:
STATE STREET CORPORATION;
(b)
Address or principal business office or, if none, residence:
ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES
(c)
Citizenship:
MA
(d)
Title of class of securities:
COMMON STOCK
(e)
CUSIP Number(s):
008492100
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
5967031.00
(b)
Percent of class:
5 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
5,175,780
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
5,967,031
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
NOT APPLICABLE
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET BANK AND TRUST COMPANY (BK);STATE STREET GLOBAL ADVISORS (JAPAN) CO., LTD. (IA);STATE STREET GLOBAL ADVISORS EUROPE LIMITED (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA);STATE STREET GLOBAL ADVISORS SINGAPORE LIMITED (IA);STATE STREET GLOBAL ADVISORS TRUST COMPANY (IA);STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED (IA);STATE STREET GLOBAL ADVISORS, LTD. (IA);
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
NOT APPLICABLE
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
NOT APPLICABLE
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does State Street hold in Agree Realty (ADC)?
State Street beneficially owns 5,967,031 shares of Agree Realty common stock, equal to 5% as reported for 03/31/2026. The filing lists shared voting power of 5,175,780 shares.
Does the Schedule 13G indicate active control by State Street?
No. The Schedule 13G reports passive beneficial ownership at the 5% level. The filing lists State Street entities as holders and shows shared voting and dispositive powers, not an assertion of control.
Which State Street entities are named in the filing?
The filing names multiple affiliates, including SSGA Funds Management, Inc., State Street Bank and Trust Company, and several State Street Global Advisors entities across jurisdictions, indicating aggregated reporting across related investment vehicles.
What date does the ownership figure refer to for ADC?
The beneficial ownership amount of 5,967,031 shares is reported as of 03/31/2026, with the Schedule 13G signed on 05/12/2026 by a State Street officer.
Does the filing state how the shares are voted or disposed?
The filing shows shared voting power of 5,175,780 shares and shared dispositive power of 5,967,031, but it does not specify future voting intentions or disposition plans in the provided excerpt.
