Agree Realty is a large retail net-lease REIT expanding through acquisitions, development, and retailer-focused funding platforms; as of June 30, 2026, it owned 2,825 properties across all 50 states and Washington, D.C. This filing does not change that operating story. It simply supplies the weighted-average share counts that will be used in third-quarter and nine-month earnings-per-share calculations. 〔0〕
| EPS share-count measure | Three months ended Sept. 30, 2026 | Nine months ended Sept. 30, 2026 |
|---|---|---|
| Basic weighted-average shares | 124,363,105 | 121,423,613 |
| Diluted weighted-average shares | 124,602,961 | 121,879,652 |
| Diluted shares including OP Units | 124,950,580 | 122,227,271 |
| Incremental dilution from offerings | 38,597 | 255,253 |
The only meaningful detail is modest equity-related dilution. Agree used the treasury-stock method for its ATM and April 2025 forward equity offerings, adding 38,597 weighted-average shares in the quarter and 255,253 year to date. 〔1〕 〔2〕 That affects the denominator for reported EPS, but the filing gives no new acquisition, leasing, financing, guidance, or portfolio information.
Bottom line: This is a housekeeping disclosure ahead of results, not a change to Agree Realty’s business trajectory. It makes expected dilution explicit but adds no new fundamental information beyond the previously disclosed equity programs.
Read the original 8-K on SEC EDGAR ↗