---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-096055"
form_type: "8-K"
ticker: "ADC"
cik: "0000917251"
company_name: "AGREE REALTY CORP"
filed_at: "2025-10-02T23:59:59+00:00"
generated_at: "2026-05-17T05:00:50.579726+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-096055
- form_type: 8-K
- ticker: ADC
- cik: 0000917251
- company_name: AGREE REALTY CORP
- filed_at: 2025-10-02T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/917251/000110465925096055/0001104659-25-096055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/917251/000110465925096055/adc-20251002x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-096055
- JSON: https://secwatch.observer/filing/0001104659-25-096055.json
- Plain text: https://secwatch.observer/filing/0001104659-25-096055.txt

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