Welcome to our dedicated page for Agree Rlty SEC filings (Ticker: ADC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to Agree Realty Corporation’s (NYSE: ADC) SEC filings, which contain detailed information about the company’s retail net lease real estate business, capital structure and financial performance. As a publicly traded real estate investment trust, Agree Realty files annual reports on Form 10‑K, quarterly reports on Form 10‑Q and current reports on Form 8‑K, along with other required documents.
In its filings, the company discusses topics such as investment activity, portfolio composition, tenant credit quality, lease terms and definitions of key non‑GAAP metrics like Core Funds from Operations (Core FFO), Adjusted Funds from Operations (AFFO), annualized base rent and weighted-average capitalization rate. Filings also describe the number of properties, gross leasable area, geographic distribution across all 50 U.S. states and the share of annualized base rents generated from investment grade retail tenants.
Agree Realty’s SEC reports further outline its financing arrangements, including unsecured term loan agreements, amendments to its senior unsecured revolving credit facility and details of forward equity offerings. Current reports on Form 8‑K have described new term loan facilities, changes to interest rate provisions, and the company’s weighted-average number of common shares outstanding for specified periods. These documents also identify the company’s Maryland incorporation, listing of common and preferred securities on the New York Stock Exchange, and other corporate information.
On Stock Titan, SEC filings for ADC are updated as they are made available through EDGAR. AI-powered tools summarize lengthy documents such as 10‑K and 10‑Q reports, highlight key sections on portfolio metrics, risk factors and capital markets activity, and help explain technical disclosures in more accessible language. Users can also review Form 8‑K filings that report earnings releases, financing agreements and other material events, as well as filings related to the company’s preferred stock and other securities.
Agree Realty Corp shows a reported beneficial ownership position by Vanguard Portfolio Management of 10,277,845 shares of Common Stock, representing 8.56% of the class as of 03/31/2026. The filing states Vanguard has sole dispositive power over 10,277,845 shares and sole voting power over 17,839 shares. The Schedule 13G was signed on 04/28/2026 by Ashley Grim, Head of Global Fund Administration.
Agree Realty Corporation established a new at-the-market equity program that allows it to issue and sell shares of common stock with an aggregate offering price of up to $1,750,000,000. The shares may be sold from time to time through multiple sales agents or directly to them, including in block or ordinary at-the-market trades on the New York Stock Exchange.
The company also entered into forward sale arrangements with several financial institutions, including both contingent and non-contingent forward transactions. Agree Realty will not initially receive proceeds from the sale of borrowed shares under these forward sales but may receive cash if and when it physically settles fixed share forward transactions at agreed forward prices.
Sales agents and forward sellers can earn commissions of up to 2.0% of the gross sales price or applicable initial forward sale price. The shares are registered under Agree Realty’s automatic shelf registration statement on Form S-3ASR and a related prospectus supplement, providing the company with flexible access to equity capital over time.
Agree Realty Corporation has registered shares of its common stock having an aggregate offering price of up to $1,750,000,000 under an at-the-market equity distribution program. The offering may be conducted through designated sales agents and through forward sale agreements, including contingent and non-contingent forward transactions.
The supplement states shares may be sold on the NYSE or through negotiated transactions, and that commissions and forward selling arrangements (up to 2.0%) apply. The company expects proceeds, when physically settled, to be used for general corporate purposes, including property acquisitions, development activity and repayment or refinancing of indebtedness.
Agree Realty Corporation filed an automatic shelf registration statement on Form S-3 to permit the Company, its operating partnership and listed co-registrant subsidiaries to offer from time to time a mix of equity and debt securities, including common stock, preferred stock, depositary shares, warrants and debt securities, with guaranties by certain subsidiaries. Offerings may occur from time to time after the effective date and specific terms will be provided in prospectus supplements.
The prospectus discloses portfolio and corporate facts used as background for the shelf: a portfolio of 2,756 properties totaling approximately 57.5 million square feet, 99.7% leased, with a weighted average remaining lease term of 7.8 years. The Company’s common stock trades on the NYSE under the symbol ADC.
Agree Realty Corporation reported strong results for the quarter ended March 31, 2026, driven by portfolio growth and higher rental income. Rental income rose to $200.7 million from $169.1 million a year earlier, as the company expanded to 2,756 properties with 57.5 million square feet of space.
Net income attributable to common stockholders increased to $60.2 million from $45.1 million, and diluted earnings per share rose to $0.50 from $0.42. Net cash provided by operating activities grew to $145.2 million, supporting continued investment, including 85 property acquisitions totaling $404.3 million. The company also increased its common dividend, declaring $0.786 per share for the quarter.
Agree Realty Corporation reported a strong first quarter of 2026 with higher earnings and significant balance sheet strengthening. Net income attributable to common stockholders rose 33.4% to $60.2 million, and diluted net income per share increased 19.1% to $0.50. Core Funds from Operations grew 21.0% to $136.3 million, or $1.13 per diluted share, while AFFO rose 20.7% to $137.6 million, or $1.14 per diluted share.
The company invested about $424 million in 100 retail net lease properties and advanced 15 development or DFP projects with anticipated costs of roughly $112 million. It maintained 2026 AFFO per share guidance of $4.54 to $4.58 and investment volume guidance of $1.4 to $1.6 billion.
Agree Realty also strengthened its capital position, selling 8.7 million shares via its ATM program for anticipated net proceeds of approximately $658 million and ending the quarter with about $2.3 billion of liquidity. Proforma net debt to recurring EBITDA was reported at 3.2x, reflecting the impact of outstanding forward equity, while the portfolio remained 99.7% leased with 65.4% of annualized base rent from investment grade tenants.
AGREE REALTY CORP director John Rakolta Jr. reported an indirect open-market purchase of the company’s common shares. On April 1, 2026, his wife bought 146 common shares of Agree Realty at $75.69 per share.
Following this transaction, she holds 146 shares indirectly, while Rakolta Jr. directly owns 568,387.097 common shares, which includes 5,781.296 shares acquired through a dividend reinvestment plan since his last beneficial ownership statement.
Agree Realty Corporation is asking stockholders to elect two directors, ratify Grant Thornton LLP as auditor for 2026, and approve a non-binding advisory vote on executive compensation at its virtual 2026 annual meeting.
The company highlights a net-lease retail portfolio of 2,674 properties across all 50 states totaling about 55.5 million square feet, 99.7% leased with a weighted average remaining lease term of 7.8 years as of December 31, 2025. Roughly 66.8% of annualized base rent comes from tenants or parents with investment-grade credit ratings.
For 2025, net income per share attributable to common stockholders was $1.77. Core Funds From Operations per share rose 5.1% to $4.28 and Adjusted FFO per share increased 4.6% to $4.33. Dividends of $3.081 per share represented 2.7% growth and about 71% of AFFO per share. The company invested $1.55 billion in 338 properties, completed a $400 million senior notes offering due 2035, raised about $714 million of forward equity, and ended 2025 with over $2.0 billion of liquidity and pro forma net debt to recurring EBITDA of 3.8 times.
The proxy also emphasizes a pay-for-performance executive compensation program with a growing mix of performance-based long-term incentives, stringent stock ownership requirements (20x base salary for the CEO, 6x for other covered officers, and 8x annual cash compensation for non-employee directors), and extensive governance and sustainability initiatives overseen by an independent board and an ESG Steering Committee.
Agree Realty Corporation reported its weighted-average common share counts for the three months ended March 31, 2026, which are used to calculate earnings per share.
Basic earnings per share was based on 119,856,418 weighted-average common shares outstanding, after excluding 202,939 unvested restricted shares, from a total weighted-average 120,059,357 common shares. Diluted earnings per share reflected 120,375,633 weighted-average common shares, including dilutive effects from share-based compensation, at-the-market forward equity offerings, and an April 2025 forward equity offering. When adding 347,619 Operating Partnership Units, the weighted-average number of common shares and OP Units used in diluted earnings per share was 120,723,252.
The company used the treasury stock method to account for potential dilution from forward equity offerings before settlement, resulting in 398,432 weighted-average incremental shares in diluted calculations for the period.