Agree Realty discloses weighted-average share counts for Q3 and YTD 2025

AGREE REALTY CORP

Basic weighted-average shares for Q3 2025: 111,277,316; diluted: 111,511,615.
Nine-month basic shares: 109,383,735; diluted: 109,875,336.
Including OP units, diluted shares were 111,859,234 (Q3) and 110,222,955 (9 months).
Forward equity offerings added 21,355 incremental diluted shares in Q3; 274,536 YTD.
Unvested restricted shares of 253,716 excluded from basic EPS for both periods.

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