---
schema_version: "secwatch.filing_event.v1"
accession: "0000917251-26-000066"
form_type: "8-K"
ticker: "ADC"
cik: "0000917251"
company_name: "AGREE REALTY CORP"
filed_at: "2026-10-02T11:00:29+00:00"
generated_at: "2026-10-12T14:30:44.399935+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Agree Realty discloses Q3 2026 weighted-average shares of 124.6M; diluted count 124.6M plus 347,619 OP Units

## Summary
- Weighted-average common shares outstanding: 124,565,976 for the three months ended September 30, 2026 and 121,626,484 for the nine months.
- Basic EPS share count was 124,363,105 (Q3) and 121,423,613 (nine months) after deducting 202,871 unvested restricted shares.
- Diluted share count was 124,602,961 (Q3) and 121,879,652 (nine months); adding 347,619 OP Units gives 124,950,580 and 122,227,271.
- Forward equity offerings added 38,597 incremental diluted shares in Q3 and 255,253 for the nine months, measured under the treasury stock method.
- Dilutive securities include share-based compensation of 201,259 (Q3) and 200,786 (nine months) and the April 2025 forward equity offering.

## SEC filing metadata
- accession: 0000917251-26-000066
- form_type: 8-K
- ticker: ADC
- cik: 0000917251
- company_name: AGREE REALTY CORP
- filed_at: 2026-10-02T11:00:29+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/917251/000091725126000066/0000917251-26-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/917251/000091725126000066/adc-20261002.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000917251-26-000066
- JSON: https://secwatch.observer/filing/0000917251-26-000066.json
- Plain text: https://secwatch.observer/filing/0000917251-26-000066.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.