Agree Realty Releases 2023 Sustainability Report

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Agree Realty (NYSE: ADC) has published its 2023 Sustainability Report, focusing on its environmental, social, and governance (ESG) initiatives. The report aligns with IFRS, SASB, and TCFD frameworks. CEO Joey Agree highlighted the company's progress in engaging tenants on sustainability and green leasing, and improving reporting to align with the International Sustainability Standards Board's IFRS S1 and S2 Standards. Notable achievements include receiving Gold Level recognition from Green Lease Leaders for the second year in a row and improved ratings from GRESB, MSCI, and ISS. The report aims to advance sustainability initiatives and create long-term value. The full report is available on the company's website.

ROYAL OAK, Mich., June 26, 2024 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the release of its 2023 Sustainability Report. The report highlights the Company's environmental, social and governance ("ESG") initiatives and is aligned with the IFRS, SASB and TCFD frameworks.

"I'm very pleased to share our fourth annual Sustainability Report," said Joey Agree, President and Chief Executive Officer. "We continue to make considerable progress on our ESG initiatives as we proactively engage with our tenants on sustainability and green leasing, while enhancing our reporting to begin aligning with the International Sustainability Standards Board's IFRS S1 and S2 Standards. The progress we have made this past year is demonstrated by the recognition received from several agencies and organizations. We were awarded Gold Level recognition from Green Lease Leaders for the second consecutive year and achieved improved ratings from GRESB, MSCI and ISS. We will continue to engage with our tenants and key stakeholders to advance our sustainability initiatives while creating long-term value for all our stakeholders."

The report can be viewed and downloaded from the Company's website at https://agreerealty.com/sustainability-report-2023/.

About Agree Realty Corporation

Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants.  As of March 31, 2024, the Company owned and operated a portfolio of 2,161 properties, located in 49 states and containing approximately 44.9 million square feet of gross leasable area.  The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".  For additional information on the Company and RETHINKING RETAIL, please visit www.agreerealty.com. 

Forward-Looking Statements

This press release may contain forward-looking statements, including statements about the future impact of the Company's current ESG initiatives, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "may," "can," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "approximately," "believe," "could," "project," "predict," "forecast," "continue," "assume," "plan," "outlook" or other similar words or expressions. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information.

Although these forward-looking statements are based on good faith beliefs, reasonable assumptions and the Company's best judgment reflecting current information, you should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could materially affect the Company's results of operations, financial condition, cash flows, performance or future achievements or events. Such risks and uncertainties include the risks noted in reports that we file with the U.S. Securities and Exchange Commission (the "SEC"), including the Risk Factors identified in our Annual Report on Form 10-K for the year ended December 31, 2023, as well as additional factors we may describe from time to time in other filings with the SEC. Additional important factors, among others, that may cause the Company's actual results to vary include the general deterioration in national economic conditions, weakening of real estate markets, decreases in the availability of credit, increases in interest rates, adverse changes in the retail industry and the Company's continuing ability to qualify as a REIT and other factors discussed in the Company's reports filed with the SEC. The forward-looking statements included in this press release are made as of the date hereof. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, changes in the Company's expectations or assumptions or otherwise.

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SOURCE Agree Realty Corporation

FAQ

What is the main focus of Agree Realty's 2023 Sustainability Report?

The main focus is on the company's environmental, social, and governance (ESG) initiatives, aligned with IFRS, SASB, and TCFD frameworks.

When was Agree Realty's 2023 Sustainability Report released?

The report was released on June 26, 2024.

What are the significant recognitions mentioned in Agree Realty's 2023 Sustainability Report?

The company received Gold Level recognition from Green Lease Leaders for the second consecutive year and improved ratings from GRESB, MSCI, and ISS.

Who is the CEO of Agree Realty who commented on the 2023 Sustainability Report?

Joey Agree, the President and CEO, commented on the report.

Where can Agree Realty's 2023 Sustainability Report be accessed?

The report can be viewed and downloaded from the company's website at https://agreerealty.com/sustainability-report-2023/.

How does Agree Realty plan to continue its sustainability efforts according to the 2023 report?

Agree Realty plans to engage with tenants and stakeholders to advance sustainability initiatives and create long-term value.

What reporting standards has Agree Realty begun aligning with in the 2023 Sustainability Report?

The company has begun aligning with the International Sustainability Standards Board's IFRS S1 and S2 Standards.