Agree Realty Corp 8-K Filing
Ticker: ADC-PA · Form: 8-K · Filed: Jan 6, 2025 · CIK: 917251
| Field | Detail |
|---|---|
| Company | Agree Realty Corp (ADC-PA) |
| Form Type | 8-K |
| Filed Date | Jan 6, 2025 |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
FAQ
What type of filing is this?
This is a 8-K filing submitted by Agree Realty Corp (ticker: ADC-PA) to the SEC on Jan 6, 2025.
What are the key financial figures in this filing?
Key dollar amounts include: $0.0001 (ge on which registered Common Stock, $0.0001 par value ADC New York Stock Exchange).
How long is this filing?
Agree Realty Corp's 8-K filing is 3 pages with approximately 842 words. Estimated reading time is 3 minutes.
Where can I view the full 8-K filing?
The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.
Filing Stats: 842 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2025-01-06 16:15:41
Key Financial Figures
- $0.0001 — ge on which registered Common Stock, $0.0001 par value ADC New York Stock Exchange
Filing Documents
- tm252007d1_8k.htm (8-K) — 45KB
- tm252007d1_ex99-1.htm (EX-99.1) — 30KB
- tm252007d1_ex99-2.htm (EX-99.2) — 73KB
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- 0001104659-25-001320.txt ( ) — 10439KB
- adc-20250106.xsd (EX-101.SCH) — 3KB
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- tm252007d1_8k_htm.xml (XML) — 5KB
01. Regulation
Item 7.01. Regulation FD Disclosure. On January 6, 2025, Agree Realty Corporation (the "Company") issued a press release announcing the Company's investment activity for 2024, investment guidance for 2025, and updates on its portfolio as well as its fourth quarter capital markets activity. A copy of the press release is furnished as Exhibit 99.1 to this report. The Company also posted an updated investor presentation to its website, which is furnished as Exhibit 99.2 to this report. The press release and investor presentation can be found on the Investors section of the Company's website at www.agreerealty.com . The information in this Item 7.01, including Exhibits 99.1 and 99.2 attached hereto, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of such section, nor shall such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01. Other
Item 8.01. Other Events. On January 6, 2025, the Company announced its weighted-average number of common shares outstanding for the three and twelve months ended December 31, 2024. The following table computes the Company's weighted-average number of common shares outstanding for the periods: Three Months Twelve Months Ended Ended December 31, 2024 December 31, 2024 Weighted-average number of common shares outstanding 103,603,644 101,366,693 Less: Unvested restricted stock (267,441 ) (267,441 ) Weighted-average number of common shares outstanding used in basic earnings per share 103,336,203 101,099,252 Weighted-average number of common shares outstanding used in basic earnings per share 103,336,203 101,099,252 Effect of dilutive securities: Share-based compensation 227,228 201,744 ATM forward equity offerings 1,061,566 556,845 October 2024 forward equity offering 73,854 18,463 Weighted-average number of common shares outstanding used in diluted earnings per share 104,698,851 101,876,304 Operating Partnership Units ("OP Units") 347,619 347,619 Weighted-average number of common shares and OP Units outstanding used in diluted earnings per share 105,046,470 102,223,923 To account for the potential dilution resulting from the forward equity offerings on earnings per share calculations, the Company used the treasury stock method to determine the dilution during the period of time prior to settlement. The impact of the offerings on the Company's weighted-average diluted shares for the three months ended December 31, 2024 was 1,135,420 weighted-average incremental shares. The impact of the offerings on the Company's weighted-average diluted shares for the twelve months ended December 31, 2024 was 575,308 weighted-average incremental shares.
01. Financial
Item 9.01. Financial (d) Exhibits Exhibit Description 99.1 Press release, dated January 6, 2025, entitled "Agree Realty Announces 2024 Investment Activity & 2025 Investment Outlook". 99.2 January 2025 Investor Presentation. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AGREE REALTY CORPORATION Date: January 6, 2025 By: /s/ Peter Coughenour Name: Peter Coughenour Title: Chief Financial Officer and Secretary