Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]

Agree Realty Corp.

Announcement: ADC SC 13G/A Statement of acquisition of beneficial ownership by individuals - amendment

Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]

AGREE REALTY CORP reports strong FY22 results; Acquisitions drive revenue growth
Current Analysis:
The REIT reported 99.7% occupancy and $5.7bn in net investment amount for FY22 as it acquired 434 new properties.

Forward-Looking Analysis:
The growing retail property portfolio, notable tenant base & favorable sector trends position Agree Realty for strong future growth. The Company's development and PCS projects undertaken during FY22 contribute to the overall positive outlook. However, risks associated with interest rate volatility, tenant bankruptcies, competition from other property developers, and any changes to government policies that may impact the real estate industry, also need to be considered by investors.

Announcement: ADC 10-K Annual Report

XBRL TAXONOMY EXTENSION DEFINITION LINKBASE

XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE

Form 8-K - Current report - Item 2.02 Item 9.01

Analyst Summary:

Agree Realty Corporation (NYSE: ADC) reported strong financial and operating results for the fourth quarter and full year ended December 31, 2022. The real estate investment trust's net income for Q4 2022 increased to $39.1 million, up 24.8% YoY, while Core FFO and AFFO also increased by 30.0% and 30.5%, respectively. For the full year, the company recorded net income of $145.0 million, a YoY increase of 20.7%, with Core FFO and AFFO up 27.4% and 28.7%, respectively. During Q4 2022, the company declared monthly cash dividends on its common shares and Series A Cumulative Redeemable Preferred Stock. The CEO, Joey Agree, commented that despite the uncertain environment, the company continues to identify high-quality net lease opportunities to further strengthen its portfolio, and he is confident in its ability to acquire at least $1 billion of such assets in 2023. As of December 31, 2022, Agree Realty's portfolio contained approximately 38.1 million square feet of gross leasable area located in 48 states. Its ground lease portfolio consisted of 206 leases located in 32 states and totaled approximately 5.5 million square feet of gross leasable area.

Announcement: ADC 8-K Special Filing

Form 8-K - Current report - Item 7.01 Item 8.01 Item 9.01