Agree Realty Corp (ADC.PA) company profile
Close on Oct 30, 2026Market cap $8.34BP/E 36.1Yield 4.58%
About Agree Realty
Real Estate Investment Trusts, SIC 6798
Agree Realty Corporation operates as a fully integrated real estate investment trust centered on acquiring, developing, owning, and managing single-tenant commercial properties. The company focuses primarily on retail real estate net leased to prominent national and regional retailers in sectors designed to resist e-commerce disruption and economic downturns, including grocery stores, home improvement centers, and convenience stores. Its primary growth avenues comprise direct acquisitions, custom build-to-suit developments, and project funding support provided through its Developer Funding Platform.
As of late 2025, the company's real estate portfolio encompassed 2,674 properties encompassing approximately 55.5 million square feet of gross leasable area spread across all fifty United States. Its operations are staffed by 90 full-time employees, with corporate headquarters and principal executive offices situated in Royal Oak, Michigan.
Summary of the business section of Agree Realty's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Agree Realty Corp
- Founded
- 1971
- Headquarters
- Royal Oak, MI
- Address
- 32301 Woodward Avenue 48073
- Phone
- (248) 737-4190
- Website
- agreerealty.com
- Employees
- 90, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- GRANT THORNTON LLP, Charlotte, North Carolina
Stock & identifiers
- Ticker
- ADC.PA
- Other tickers
- ADC
- Exchange
- NYSE
- IPO date
- Apr 15, 1994
- Shares outstanding
- 124M, Jul 29, 2026
- Public float
- $5.09B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 917251
- CUSIP
- 008492100
- ISIN
- US0084921008
- LEI
- 98450090H010B37OEB68
- EIN
- 38-3148187
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Joey Agree | PRESIDENT & CEO, Director | 686,427 |
| Richard Agree | EXECUTIVE CHAIRMAN OF BOARD, Director | 668,567 |
| Craig Erlich | CHIEF GROWTH OFFICER | 60,488 |
| Nicole Witteveen | CHIEF OPERATING OFFICER | 23,274 |
| Peter Coughenour | CHIEF FINANCIAL OFFICER | 27,054 |
| Stephen Breslin | CHIEF ACCOUNTING OFFICER | 14,536 |
| Danielle M. Spehar | GENERAL COUNSEL | 25,785 |
| John Rakolta Jr | Director | 654,748 |
| Linglong He | Director | 9,668 |
| Jerome R. Rossi | Director | 12,351 |
| Karen Dearing | Director | 15,616 |
| Merrie S. Frankel | Director | 11,099 |
| Greg Lehmkuhl | Director | 33,715 |
| Michael Hollman | Director | 10,337 |
| Michael Judlowe | Director | 14,089 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $10.96M | $13.53M | $1.95M | $134 | $138 |
| FY2024 | $8.35M | $13.53M | $1.73M | $125 | $134 |
| FY2023 | $8.23M | $5.89M | $1.41M | $107 | $123 |
| FY2022 | $7.66M | $9.78M | $1.05M | $115 | $108 |
| FY2021 | $7.34M | $8.47M | $825.20K | $111 | $143 |
| FY2020 | $7.52M | $7.98M | $761.78K | $99 | $92 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Joel Agree President and Chief Executive Officer | $921.81K | $6.92M | $3.05M | $59.21K | $10.96M | +31% |
| Peter Coughenour Chief Financial Officer, Secretary | $443.42K | $1.05M | $655.47K | $39.30K | $2.19M | +7% |
| Nicole Witteveen Chief Operating Officer | $443.42K | $1.05M | $669.00K | $39.30K | $2.20M | +46% |
| Craig Erlich Chief Growth Officer | $443.42K | $1.05M | $420.16K | $42.80K | $1.96M | -0% |
| Danielle Spehar General Counsel | $407.66K | $630.70K | $351.58K | $42.80K | $1.43M | +3% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2025, the Company had 90 full-time employees, covering accounting, acquisitions, asset management, development and construction, finance, information technology, legal, due diligence, and people and culture.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Sep 17, 2021 | Listing | Registration of securities on an exchange (Form 8-A) |
| Jun 1, 2016 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 27, 2013 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jul 27, 2006 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| May 12, 2006 | Auditor change | Change in certifying accountant (8-K Item 4.01) |