{"url_path":"/sec/adc/8-k/2026-07-02/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-02","source_url":"https://www.sec.gov/Archives/edgar/data/917251/0000917251-26-000054-index.html","accession_number":"0000917251-26-000054","cik":"0000917251","ticker":"ADC","issuer_name":"AGREE REALTY CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/917251/0000917251-26-000054-index.html","primary_entity_key":"0000917251","primary_entity_name":"AGREE REALTY CORP"},"word_count":276,"has_tables":true,"body_markdown":"Item 8.01.    Other Events.\n\nOn 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:\n\nThree Months EndedSix Months Ended\n\nJune 30, 2026June 30, 2026\n\nWeighted average number of common shares outstanding120,204,596120,132,377\n\nLess: Unvested restricted shares(207,652)(207,652)\n\nWeighted average number of common shares outstanding used in basic earnings per share119,996,944119,924,725\n\nWeighted average number of common shares outstanding used in basic earnings per share119,996,944119,924,725\n\nEffect of dilutive securities:\n\nShare-based compensation161,583160,832\n\nATM Forward Equity Offerings214,995255,543\n\nApril 2025 Forward Equity Offering113,734108,039\n\nWeighted average number of common shares outstanding used in diluted earnings per share120,487,256120,449,139\n\nOperating Partnership Units (\"OP Units\")347,619347,619\n\nWeighted average number of common shares and OP Units outstanding used in diluted earnings per share120,834,875120,796,758\n\nTo 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.\n\nSIGNATURES\n\nPursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.\n\nAGREE REALTY CORPORATION\n\nBy:/s/ Peter Coughenour\n\nName: Peter Coughenour\n\nTitle: Chief Financial Officer and Secretary\n\nDate: July 2, 2026"}