Agree Realty Corporation
MX ˙ BMV ˙ US0084921008
SecurityMX:ADC / Agree Realty Corporation
InstitutionArizona State Retirement System
Latest Disclosed Ownership31,585 shares
Latest Disclosed Value $ 2,380,877
Arizona State Retirement System reports 1.82% increase in ownership of ADC / Agree Realty Corporation

On May 1, 2026 - Arizona State Retirement System filed a 13F-HR form disclosing ownership of 31,585 shares of Agree Realty Corporation (MX:ADC) valued at $2,380,877 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 28, 2026 disclosing 31,021 shares of Agree Realty Corporation. This represents a change in shares of 1.82% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-01 2026-03-31 13F AGREE RLTY COM 008492100 31,585 564 1.82 2,381 6.54 0.0139
2026-01-28 2025-12-31 13F AGREE RLTY COM 008492100 31,021 -2,866 -8.46 2,234 -7.19 0.0122
2025-11-03 2025-09-30 13F AGREE RLTY COM 008492100 33,887 2,557 8.16 2,407 5.20 0.0128
2025-08-13 2025-06-30 13F AGREE RLTY COM 008492100 31,330 1,636 5.51 2,289 -0.17 0.0132
2025-05-01 2025-03-31 13F AGREE RLTY COM 008492100 29,694 490 1.68 2,292 11.42 0.0146
2025-02-06 2024-12-31 13F AGREE RLTY COM 008492100 29,204 229 0.79 2,057 -5.73 0.0126
2024-11-12 2024-09-30 13F AGREE RLTY COM 008492100 28,975 805 2.86 2,183 25.11 0.0138
2024-08-05 2024-06-30 13F AGREE RLTY COM 008492100 28,170 545 1.97 1,745 10.59 0.0116
2024-05-07 2024-03-31 13F AGREE RLTY COM 008492100 27,625 713 2.65 1,578 -6.91 0.0109
2024-01-24 2023-12-31 13F AGREE RLTY COM 008492100 26,912 376 1.42 1,694 15.63 0.0129
2023-11-07 2023-09-30 13F AGREE RLTY COM 008492100 26,536 1,186 4.68 1,466 -11.59 0.0125
2023-08-01 2023-06-30 13F AGREE RLTY COM 008492100 25,350 -314 -1.22 1,658 -5.85 0.0135
2023-04-27 2023-03-31 13F AGREE REALTY COM 008492100 25,664 3,137 13.93 1,761 10.21 0.0158
2023-02-08 2022-12-31 13F AGREE REALTY COM 008492100 22,527 2,098 10.27 1,598 15.64 0.0154
2022-11-07 2022-09-30 13F AGREE RLTY COM 008492100 20,429 1,111 5.75 1,381 -0.86 0.0143
2022-07-28 2022-06-30 13F AGREE RLTY COM 008492100 19,318 455 2.41 1,393 11.26 0.0135
2022-05-04 2022-03-31 13F AGREE RLTY COM 008492100 18,863 313 1.69 1,252 -5.44 0.0101
2022-02-04 2021-12-31 13F AGREE RLTY COM 008492100 18,550 1,077 6.16 1,324 14.43 0.0101
2021-11-12 2021-09-30 13F AGREE REALTY COM 008492100 17,473 220 1.28 1,157 -4.85 0.0094
2021-08-02 2021-06-30 13F AGREE REALTY COM 008492100 17,253 1,135 7.04 1,216 12.07 0.0099
2021-05-06 2021-03-31 13F AGREE REALTY COM 008492100 16,118 501 3.21 1,085 4.33 0.0095
2021-01-28 2020-12-31 13F AGREE REALTY COM 008492100 15,617 -631 -3.88 1,040 0.58 0.0094
2020-11-05 2020-09-30 13F AGREE REALTY COM 008492100 16,248 5,963 57.98 1,034 52.96 0.0103
2020-08-04 2020-06-30 13F AGREE REALTY COM 008492100 10,285 328 3.29 676 9.74 0.0095
2020-05-05 2020-03-31 13F AGREE REALTY COM 008492100 9,957 -18,325 -64.79 616 -68.97 0.0106
2020-01-27 2019-12-31 13F AGREE REALTY COM 008492100 28,282 -21,007 -42.62 1,985 -44.94 0.0239
2019-10-31 2019-09-30 13F AGREE REALTY COM 008492100 49,289 -10,382 -17.40 3,605 -5.68 0.0440
2019-07-25 2019-06-30 13F AGREE REALTY COM 008492100 59,671 1,703 2.94 3,822 -4.93 0.0442
2019-04-29 2019-03-31 13F AGREE REALTY COM 008492100 57,968 4,866 9.16 4,020 28.07 0.0478
2019-01-28 2018-12-31 13F AGREE REALTY COM 008492100 53,102 8,086 17.96 3,139 31.28 0.0404
2018-10-29 2018-09-30 13F AGREE REALTY COM 008492100 45,016 -128 -0.28 2,391 0.38 0.0226
2018-08-07 2018-06-30 13F AGREE REALTY COM 008492100 45,144 -3,764 -7.70 2,382 1.36 0.0240
2018-05-14 2018-03-31 13F AGREE REALTY COM 008492100 48,908 -200 -0.41 2,350 -6.97 0.0237
2018-02-09 2017-12-31 13F AGREE REALTY COM 008492100 49,108 34,220 229.85 2,526 245.55 0.0246
2017-11-14 2017-09-30 13F AGREE REALTY COM 008492100 14,888 100 0.68 731 7.82 0.0087
2017-08-02 2017-06-30 13F AGREE REALTY COM 008492100 14,788 1,200 8.83 678 3.99 0.0094
2017-05-10 2017-03-31 13F AGREE REALTY COM 008492100 13,588 100 0.74 652 4.99 0.0092
2017-02-10 2016-12-31 13F AGREE REALTY COM 008492100 13,488 1,400 11.58 621 3.85 0.0091
2016-11-01 2016-09-30 13F AGREE REALTY COM 008492100 12,088 -200 -1.63 598 0.84 0.0091
2016-08-15 2016-06-30 13F AGREE REALTY COM 008492100 12,288 2,500 25.54 593 57.29 0.0083
2016-05-16 2016-03-31 13F AGREE REALTY COM 008492100 9,788 200 2.09 377 15.64 0.0049
2016-02-12 2015-12-31 13F AGREE REALTY COM 008492100 9,588 1,300 15.69 326 31.98 0.0043
2015-11-20 2015-09-30 13F AGREE REALTY COM 008492100 8,288 -3,912 -32.07 247 -34.83 0.0035
2015-02-11 2014-12-31 13F AGREE REALTY COM 008492100 12,200 2,300 23.23 379 39.85 0.0045
2014-11-21 2014-09-30 13F AGREE REALTY COM 008492100 9,900 -800 -7.48 271 -16.10 0.0034
2014-08-07 2014-06-30 13F AGREE REALTY COM 008492100 10,700 200 1.90 323 1.25 0.0039
2014-05-19 2014-03-31 13F AGREE REALTY COM 008492100 10,500 -1,300 -11.02 319 -6.73 0.0040
2014-02-05 2013-12-31 13F AGREE REALTY COM 008492100 11,800 700 6.31 342 2.40 0.0042
2013-11-01 2013-09-30 13F AGREE REALTY COM 008492100 11,100 11,100 334 0.0043
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.