---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-001320"
form_type: "8-K"
ticker: "ADC"
cik: "0000917251"
company_name: "AGREE REALTY CORP"
filed_at: "2025-01-06T23:59:59+00:00"
generated_at: "2026-05-28T12:00:24.801088+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Agree Realty reports $951M 2024 investment, guides 2025 to $1.1-1.3B

## Summary
- 2024 acquisition volume $867M at 7.5% cap rate; 65.6% of acquired rents from investment grade.
- Q4 2024 acquisitions $341M at 7.3% cap rate; 73.3% investment grade.
- 2025 investment guidance $1.1B-1.3B retail net lease, 26% YoY increase at midpoint.
- Total liquidity over $2.0B: $1.1B revolver, over $0.9B forward equity outstanding.
- Weighted-average diluted shares: 105.0M for Q4 2024; 102.2M for FY 2024.

## SEC filing metadata
- accession: 0001104659-25-001320
- form_type: 8-K
- ticker: ADC
- cik: 0000917251
- company_name: AGREE REALTY CORP
- filed_at: 2025-01-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/917251/000110465925001320/0001104659-25-001320-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/917251/000110465925001320/tm252007d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-001320
- JSON: https://secwatch.observer/filing/0001104659-25-001320.json
- Plain text: https://secwatch.observer/filing/0001104659-25-001320.txt

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