Agree Realty Launches New $1.75 Billion ATM Program

Claim 30% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks The latest update is out from Agree Realty ( (ADC) ). On April 24, 2026, Agree Realty Corporation and its operating partnership launched a new at-the-market equity program allowing the company to issue and sell up to $1.75 billion of common stock through a syndicate of major banks and broker-dealers, while simultaneously terminating a prior ATM program established in October 2024. The structure also includes both contingent and non-contingent forward sale agreements, giving Agree Realty flexible tools to raise equity capital over time, manage the timing and pricing of share issuances, and potentially mitigate market impact, which could support its future acquisition pipeline and balance sheet management. Under the program, sales may be executed as negotiated or at-the-market transactions on the NYSE or through market makers, with sales agents and forward sellers earning commissions of up to 2% of gross sales or forward sale prices. Agree Realty expects primarily to physically settle fixed share forward transactions to receive cash proceeds, but it retains the option to cash or net-share settle, providing additional flexibility in how it funds growth and responds to capital market conditions. The most recent analyst rating on (ADC) stock is a Hold with a $82.50 price target. To see the full list of analyst forecasts on Agree Realty stock, see the ADC Stock Forecast page. Spark’s Take on ADC Stock According to Spark, TipRanks’ AI Analyst, ADC is a Outperform. The score is driven primarily by solid financial performance and a strong, upbeat earnings outlook supported by liquidity and conservative leverage. Technicals are constructive with price above key moving averages, while valuation is the main constraint due to a high P/E and only modest yield. To see Spark’s full report on ADC stock, click here. More about Agree Realty Agree Realty Corporation is a real estate investment trust focused on acquiring and owning net lease retail properties across the U.S., typically leased on a long-term basis to national and regional tenants. The company finances its growth and portfolio expansion through a mix of equity and debt capital markets activity, including recurring at-the-market equity programs. Average Trading Volume: 1,259,404 Technical Sentiment Signal: Buy Current Market Cap: $9.28B