Monitor the company's future 10-Q and 10-K filings for disclosures on the amount of shares sold and net proceeds received under this program, as this will provide insight into the pace of capital raising and its impact on shareholder dilution.
Price Chart
Executive Summary
Agree Realty Corporation entered into a new $1.75 billion at-the-market (ATM) equity distribution agreement, replacing its prior program from October 2024. The company can now issue and sell common stock up to this amount through a syndicate of 14 sales agents, including both direct sales and forward sale agreements, to raise capital for general corporate purposes.
Key Facts
- Entered into a new $1.75 billion ATM equity distribution agreement on April 24, 2026.
- The agreement replaces a prior ATM program established in October 2024.
- Sales can be made through direct sales to agents or via forward sale agreements.
- Proceeds will be used for general corporate purposes as outlined in the prospectus.
- The offering is being conducted under an automatically effective shelf registration.
Financial Impact
Up to $1.75 billion in potential gross proceeds from the issuance of common stock.
Risk Factors
- Future sales under the ATM program will result in shareholder dilution.
- The market may react negatively if shares are sold at a significant discount to the current market price.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-027250 |
| Exhibit: exhibit51-8xk.htm | 0001628280-26-027250 |
| Document: adc-20260424.htm | 0001628280-26-027250 |
| Document: 0001628280-26-027250-index-headers.html | 0001628280-26-027250 |
| Document: 0001628280-26-027250-index.html | 0001628280-26-027250 |
| Document: 0001628280-26-027250.txt | 0001628280-26-027250 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 29d ago | Insider Buy | $72.73 $71.23 | ▼ −2.06% | ▼ −0.91% | $65.89 (−9.40%) |
Aug 11, 2026 7w ago | Institutional Cluster | $74.36 $74.39 | ▲ +0.04% | ▲ +0.48% | $65.89 (−11.39%) |
Jul 2, 2026 13w ago | 8-K | $77.81 $77.85 | ▲ +0.05% | ▼ −0.88% | $65.89 (−15.32%) |
Jun 8, 2026 16w ago | Insider Buy | $73.24 $74.47 | ▲ +1.68% | ▼ −0.43% | $65.89 (−10.04%) |
May 18, 2026 19w ago | Insider Cluster | $75.77 $75.51 | ▼ −0.34% | ▼ −1.96% | $65.89 (−13.04%) |
May 18, 2026 19w ago | Insider Cluster | $75.77 $75.51 | ▼ −0.34% | ▼ −1.96% | $65.89 (−13.04%) |
May 18, 2026 19w ago | Insider Cluster | $75.77 $75.51 | ▼ −0.34% | ▼ −1.96% | $65.89 (−13.04%) |
Apr 24, 2026 22w ago | 8-K | $17.06 $17.05 | ▼ −0.06% | ▼ −0.46% | $65.89 (+286.23%) |
Apr 24, 2026 22w ago | 424B5 | $17.06 $17.05 | ▼ −0.06% | ▼ −0.46% | $65.89 (+286.23%) |
Apr 21, 2026 23w ago | 8-K | $17.06 $17.04 | ▼ −0.12% | ▼ −0.17% | $65.89 (+286.23%) |
US Market Status
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