Results

Agree Realty Corporation

07/02/2026 | Press release | Distributed by Public on 07/02/2026 14:06

Material Event (Form 8-K)

Item 8.01. Other Events.
On July 2, 2026, Agree Realty Corporation (the "Company") announced its weighted-average number of common shares outstanding for the three and six months ended June 30, 2026. The following table computes the Company's weighted-average number of common shares outstanding for the periods:
Three Months Ended Six Months Ended
June 30, 2026 June 30, 2026
Weighted average number of common shares outstanding 120,204,596 120,132,377
Less: Unvested restricted shares (207,652) (207,652)
Weighted average number of common shares outstanding used in basic earnings per share 119,996,944 119,924,725
Weighted average number of common shares outstanding used in basic earnings per share 119,996,944 119,924,725
Effect of dilutive securities:
Share-based compensation 161,583 160,832
ATM Forward Equity Offerings 214,995 255,543
April 2025 Forward Equity Offering 113,734 108,039
Weighted average number of common shares outstanding used in diluted earnings per share 120,487,256 120,449,139
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 120,834,875 120,796,758
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 June 30, 2026 was 328,729 weighted-average incremental shares. The impact of the offerings on the Company's weighted-average diluted shares for the six months ended June 30, 2026 was 363,582 weighted-average incremental shares.
Agree Realty Corporation published this content on July 02, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on July 02, 2026 at 20:06 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 If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]