Agree Realty Corporation

10/02/2026 | Press release | Distributed by Public on 10/02/2026 05:00

Material Event (Form 8-K)

Item 8.01. Other Events.
On October 2, 2026, Agree Realty Corporation (the "Company") announced its weighted-average number of common shares outstanding for the three and nine months ended September 30, 2026. The following table computes the Company's weighted-average number of common shares outstanding for the periods:
Three Months Ended Nine Months Ended
September 30, 2026 September 30, 2026
Weighted average number of common shares outstanding 124,565,976 121,626,484
Less: Unvested restricted shares (202,871) (202,871)
Weighted average number of common shares outstanding used in basic earnings per share 124,363,105 121,423,613
Weighted average number of common shares outstanding used in basic earnings per share 124,363,105 121,423,613
Effect of dilutive securities:
Share-based compensation 201,259 200,786
ATM Forward Equity Offerings - 170,361
April 2025 Forward Equity Offering 38,597 84,892
Weighted average number of common shares outstanding used in diluted earnings per share 124,602,961 121,879,652
Operating Partnership Units ("OP Units") 347,619 347,619
Weighted average number of common shares and OP Units outstanding used in diluted earnings per share 124,950,580 122,227,271
To account for the potential dilution resulting from the forward equity offerings on earnings per share calculations, the Company used the treasury stock method to determine the dilution during the period of time prior to settlement. The impact of the offerings on the Company's weighted-average diluted shares for the three months ended September 30, 2026 was 38,597 weighted-average incremental shares. The impact of the offerings on the Company's weighted-average diluted shares for the nine months ended September 30, 2026 was 255,253 weighted-average incremental shares.
Agree Realty Corporation published this content on October 02, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on October 02, 2026 at 11:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]