---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-004390"
form_type: "8-K"
ticker: "ADC"
cik: "0000917251"
company_name: "AGREE REALTY CORP"
filed_at: "2025-04-03T23:59:59+00:00"
generated_at: "2026-05-23T23:02:44.498231+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Agree Realty reports Q1 2025 weighted-average diluted shares of 107.9M

## Summary
- Weighted-average basic shares: 107,048,557; diluted: 107,547,193 for three months ended March 31, 2025.
- OP Units included in diluted count: 347,619, bringing total to 107,894,812.
- Incremental dilutive shares from forward equity offerings: 362,947 via treasury stock method.

## SEC filing metadata
- accession: 0001558370-25-004390
- form_type: 8-K
- ticker: ADC
- cik: 0000917251
- company_name: AGREE REALTY CORP
- filed_at: 2025-04-03T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/917251/000155837025004390/0001558370-25-004390-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/917251/000155837025004390/adc-20250403x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-004390
- JSON: https://secwatch.observer/filing/0001558370-25-004390.json
- Plain text: https://secwatch.observer/filing/0001558370-25-004390.txt

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