Agree Realty Corporation
MX ˙ BMV ˙ US0084921008
SecurityMX:ADC / Agree Realty Corporation
InstitutionCitigroup Inc
Latest Disclosed Ownership246,867 shares
Latest Disclosed Value $ 18,608,835
Citigroup Inc reports 74.09% increase in ownership of ADC / Agree Realty Corporation

On May 11, 2026 - Citigroup Inc filed a 13F-HR form disclosing ownership of 246,867 shares of Agree Realty Corporation (MX:ADC) valued at $18,608,835 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 141,808 shares of Agree Realty Corporation. This represents a change in shares of 74.09% 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.

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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)
2026-05-11 2026-03-31 13F AGREE RLTY COM 008492100 246,867 105,059 74.09 18,609 82.18 0.0040
2026-02-13 2025-12-31 13F AGREE RLTY COM 008492100 141,808 -21,353 -13.09 10,214 -11.87 0.0045
2025-11-10 2025-09-30 13F AGREE RLTY COM 008492100 163,161 -453,050 -73.52 11,591 -74.26 0.0052
2025-08-11 2025-06-30 13F AGREE RLTY COM 008492100 616,211 -87,252 -12.40 45,020 -17.09 0.0221
2025-05-12 2025-03-31 13F AGREE RLTY COM 008492100 703,463 -9,582 -1.34 54,300 8.09 0.0278
2025-02-12 2024-12-31 13F AGREE RLTY COM 008492100 713,045 365,549 105.20 50,234 91.91 0.0298
2024-11-12 2024-09-30 13F AGREE RLTY COM 008492100 347,496 270,093 348.94 26,177 446.02 0.0152
2024-08-12 2024-06-30 13F AGREE RLTY COM 008492100 77,403 -21,105 -21.42 4,794 -14.79 0.0031
2024-05-10 2024-03-31 13F AGREE RLTY COM 008492100 98,508 22,267 29.21 5,627 17.23 0.0037
2024-02-09 2023-12-31 13F AGREE RLTY COM 008492100 76,241 -18,273 -19.33 4,799 -8.07 0.0034
2023-12-06 2023-09-30 13F/A-1 AGREE RLTY COM 008492100 94,514 28,253 42.64 5,221 20.50 0.0039
2023-11-09 2023-09-30 13F AGREE RLTY COM 008492100 94,514 28,253 5,221 0.0039
2023-08-10 2023-06-30 13F AGREE RLTY COM 008492100 66,261 -2,431 -3.54 4,333 -8.06 0.0028
2023-05-11 2023-03-31 13F AGREE RLTY COM 008492100 68,692 -32,209 -31.92 4,713 -34.15 0.0033
2023-02-09 2022-12-31 13F AGREE RLTY COM 008492100 100,901 3,099 3.17 7,157 8.26 0.0057
2022-11-10 2022-09-30 13F AGREE RLTY COM 008492100 97,802 22,455 29.80 6,610 21.60 0.0047
2022-08-10 2022-06-30 13F AGREE RLTY COM 008492100 75,347 -39,641 -34.47 5,436 -28.76 0.0040
2022-05-12 2022-03-31 13F AGREE RLTY COM 008492100 114,988 -33,786 -22.71 7,631 -28.12 0.0046
2022-02-10 2021-12-31 13F AGREE RLTY COM 008492100 148,774 -36,382 -19.65 10,617 -13.42 0.0057
2021-11-10 2021-09-30 13F AGREE RLTY COM 008492100 185,156 1,260 0.69 12,262 -5.41 0.0072
2021-08-10 2021-06-30 13F AGREE RLTY COM 008492100 183,896 56,031 43.82 12,964 50.62 0.0078
2021-05-13 2021-03-31 13F AGREE REALTY COM 008492100 127,865 31,376 32.52 8,607 33.98 0.0056
2021-02-11 2020-12-31 13F AGREE REALTY COM 008492100 96,489 -159,740 -62.34 6,424 -60.61 0.0038
2020-11-12 2020-09-30 13F AGREE REALTY COM 008492100 256,229 201,168 365.35 16,307 350.72 0.0106
2020-08-12 2020-06-30 13F AGREE REALTY COM 008492100 55,061 -1,963,575 -97.27 3,618 -97.10 0.0028
2020-05-12 2020-03-31 13F AGREE REALTY COM 008492100 2,018,636 1,976,929 4,740.04 124,953 4,170.44 0.1130
2020-02-12 2019-12-31 13F AGREE REALTY COM 008492100 41,707 -32,323 -43.66 2,926 -45.96 0.0021
2019-11-08 2019-09-30 13F AGREE REALTY COM 008492100 74,030 -6,352 -7.90 5,415 5.17 0.0043
2019-08-12 2019-06-30 13F AGREE REALTY COM 008492100 80,382 16,130 25.10 5,149 15.55 0.0042
2019-05-13 2019-03-31 13F AGREE REALTY COM 008492100 64,252 29,427 84.50 4,456 116.52 0.0043
2019-02-12 2018-12-31 13F AGREE REALTY COM 008492100 34,825 -770 -2.16 2,058 8.83 0.0021
2018-11-13 2018-09-30 13F AGREE REALTY COM 008492100 35,595 11,937 50.46 1,891 51.52 0.0017
2018-08-10 2018-06-30 13F AGREE REALTY COM 008492100 23,658 -62,896 -72.67 1,248 -69.99 0.0011
2018-05-11 2018-03-31 13F AGREE REALTY COM 008492100 86,554 66,292 327.17 4,159 299.14 0.0034
2018-02-12 2017-12-31 13F AGREE REALTY COM 008492100 20,262 -9,465 -31.84 1,042 -28.58 0.0008
2017-11-13 2017-09-30 13F AGREE REALTY COM 008492100 29,727 -5,751 -16.21 1,459 -10.38 0.0012
2017-08-11 2017-06-30 13F AGREE REALTY COM 008492100 35,478 5,357 17.78 1,628 12.74 0.0015
2017-05-12 2017-03-31 13F AGREE REALTY COM 008492100 30,121 -23,767 -44.10 1,444 -41.82 0.0013
2017-02-10 2016-12-31 13F AGREE REALTY COM 008492100 53,888 35,143 187.48 2,482 167.75 0.0022
2016-11-10 2016-09-30 13F AGREE REALTY COM 008492100 18,745 6,992 59.49 927 63.49 0.0009
2016-08-12 2016-06-30 13F AGREE REALTY COM 008492100 11,753 -10,314 -46.74 567 -33.22 0.0006
2016-05-13 2016-03-31 13F AGREE REALTY COM 008492100 22,067 4,328 24.40 849 40.80 0.0010
2016-02-12 2015-12-31 13F AGREE REALTY COM 008492100 17,739 5,801 48.59 603 69.38 0.0006
2015-11-13 2015-09-30 13F AGREE REALTY COM 008492100 11,938 8,514 248.66 356 256.00 0.0003
2015-08-13 2015-06-30 13F AGREE REALTY COM 008492100 3,424 1,367 66.46 100 47.06 0.0001
2015-05-14 2015-03-31 13F AGREE REALTY COM 008492100 2,057 -20,324 -90.81 68 -90.23 0.0001
2015-02-17 2014-12-31 13F AGREE REALTY COM 008492100 22,381 19,405 652.05 696 759.26 0.0006
2014-11-14 2014-09-30 13F AGREE REALTY COM 008492100 2,976 870 41.31 81 26.56 0.0001
2014-08-14 2014-06-30 13F AGREE REALTY COM 008492100 2,106 -2,363 -52.88 64 -52.94 0.0001
2014-05-15 2014-03-31 13F AGREE REALTY COM 008492100 4,469 -4,138 -48.08 136 -45.60 0.0001
2014-02-14 2013-12-31 13F AGREE REALTY COM 008492100 8,607 4,484 108.76 250 101.61 0.0002
2013-11-14 2013-09-30 13F AGREE REALTY COM 008492100 4,123 -3,934 -48.83 124 -47.68 0.0001
2013-08-14 2013-06-30 13F AGREE REALTY COM 008492100 8,057 8,057 237 0.0002
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.