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AGREE REALTY CORP

For the period ended Mar 31, 2026. Filed Apr 21, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed Apr 21, 2026

ADC$70.20+0.5%Stored close · as of Nov 9, 2026

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Item 1A. Risk Factors

For a discussion of the Company’s potential risks and uncertainties, see the information under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025.

During the three months ended March 31, 2026, the Company withheld shares from employees to satisfy estimated statutory income tax obligations related to vesting of restricted stock awards. The value of the common stock withheld was based on the closing price of our common stock on the applicable vesting date.

Common stock repurchases during the three months ended March 31, 2026, were:

PeriodTotal Number ofShares PurchasedAverage Price PaidPer ShareTotal Number ofShares Purchasedas Part of PubliclyAnnounced Plansor ProgramsMaximum Numberof Shares that MayYet Be PurchasedUnder the Plansor Programs
January 1, 2026 - January 31, 2026—$———
February 1, 2026 - February 28, 2026(76,231)79.32——
March 1, 2026 - March 31, 2026(132)81.08——
Total(76,363)$79.32——

None.

Not applicable.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.