Agree Realty Corporation
MX ˙ BMV ˙ US0084921008
SecurityMX:ADC / Agree Realty Corporation
InstitutionSumitomo Mitsui Trust Holdings, Inc.
Latest Disclosed Ownership781,592 shares
Latest Disclosed Value $ 58,916,405
Sumitomo Mitsui Trust Holdings, Inc. reports 7.49% increase in ownership of ADC / Agree Realty Corporation

On April 30, 2026 - Sumitomo Mitsui Trust Holdings, Inc. filed a 13F-HR form disclosing ownership of 781,592 shares of Agree Realty Corporation (MX:ADC) valued at $58,916,405 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 23, 2026 disclosing 727,114 shares of Agree Realty Corporation. This represents a change in shares of 7.49% 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)
2026-04-30 2026-03-31 13F AGREE REALTY COM 008492100 781,592 54,478 7.49 58,916 12.49 0.0381
2026-01-23 2025-12-31 13F AGREE REALTY COM 008492100 727,114 48,130 7.09 52,374 8.58 0.0308
2025-10-27 2025-09-30 13F AGREE REALTY COM 008492100 678,984 313,431 85.74 48,235 80.61 0.0278
2025-07-31 2025-06-30 13F AGREE REALTY COM 008492100 365,553 15,325 4.38 26,707 -1.21 0.0166
2025-04-25 2025-03-31 13F AGREE REALTY COM 008492100 350,228 -12,495 -3.44 27,034 5.80 0.0191
2025-01-28 2024-12-31 13F AGREE REALTY COM 008492100 362,723 22,525 6.62 25,554 -0.29 0.0172
2024-11-05 2024-09-30 13F AGREE REALTY COM 008492100 340,198 -430,834 -55.88 25,627 -46.34 0.0178
2024-07-19 2024-06-30 13F AGREE REALTY COM 008492100 771,032 -115,495 -13.03 47,758 -5.69 0.0353
2024-04-19 2024-03-31 13F AGREE REALTY COM 008492100 886,527 12,159 1.39 50,638 -8.00 0.0348
2024-01-30 2023-12-31 13F AGREE REALTY COM 008492100 874,368 -104,298 -10.66 55,041 1.81 0.0407
2023-10-30 2023-09-30 13F AGREE REALTY COM 008492100 978,666 -17,354 -1.74 54,062 -16.99 0.0444
2023-07-31 2023-06-30 13F AGREE REALTY COM 008492100 996,020 174,844 21.29 65,130 15.60 0.0507
2023-04-27 2023-03-31 13F AGREE REALTY COM 008492100 821,176 115,929 16.44 56,341 12.63 0.0420
2023-01-30 2022-12-31 13F AGREE REALTY COM 008492100 705,247 131,472 22.91 50,023 29.01 0.0396
2022-10-21 2022-09-30 13F AGREE REALTY COM 008492100 573,775 -193,807 -25.25 38,776 -29.96 0.0319
2022-07-26 2022-06-30 13F AGREE REALTY COM 008492100 767,582 -144,284 -15.82 55,366 -8.50 0.0426
2022-04-27 2022-03-31 13F AGREE REALTY COM 008492100 911,866 11,549 1.28 60,511 -5.82 0.0403
2022-02-02 2021-12-31 13F AGREE REALTY COM 008492100 900,317 -36,473 -3.89 64,247 3.55 0.0391
2021-10-25 2021-09-30 13F AGREE REALTY COM 008492100 936,790 -78,235 -7.71 62,044 -13.28 0.0386
2021-08-02 2021-06-30 13F AGREE REALTY COM 008492100 1,015,025 -4,690 -0.46 71,549 4.24 0.0423
2021-04-30 2021-03-31 13F AGREE REALTY COM 008492100 1,019,715 50,721 5.23 68,637 6.39 0.0429
2021-02-05 2020-12-31 13F AGREE REALTY COM 008492100 968,994 306,951 46.36 64,516 53.13 0.0417
2020-10-30 2020-09-30 13F AGREE REALTY COM 008492100 662,043 228,897 52.85 42,132 48.03 0.0284
2020-07-27 2020-06-30 13F AGREE REALTY COM 008492100 433,146 -225,345 -34.22 28,462 -30.17 0.0201
2020-04-27 2020-03-31 13F AGREE REALTY COM 008492100 658,491 585,275 799.38 40,761 693.32 0.0350
2020-01-31 2019-12-31 13F AGREE REALTY COM 008492100 73,216 17,599 31.64 5,138 26.30 0.0040
2019-10-31 2019-09-30 13F AGREE REALTY COM 008492100 55,617 11,824 27.00 4,068 45.03 0.0035
2019-07-29 2019-06-30 13F AGREE REALTY COM 008492100 43,793 20,303 86.43 2,805 72.19 0.0025
2019-05-08 2019-03-31 13F AGREE REALTY COM 008492100 23,490 -13,276 -36.11 1,629 -25.21 0.0015
2019-02-06 2018-12-31 13F AGREE REALTY COM 008492100 36,766 4,198 12.89 2,178 25.90 0.0023
2018-11-07 2018-09-30 13F AGREE REALTY COM 008492100 32,568 235 0.73 1,730 1.41 0.0019
2018-08-01 2018-06-30 13F AGREE REALTY COM 008492100 32,333 3,446 11.93 1,706 22.91 0.0020
2018-05-01 2018-03-31 13F AGREE REALTY COM 008492100 28,887 1,167 4.21 1,388 -2.66 0.0018
2018-02-06 2017-12-31 13F AGREE REALTY COM 008492100 27,720 -125 -0.45 1,426 4.32 0.0018
2017-11-07 2017-09-30 13F AGREE REALTY COM 008492100 27,845 3,383 13.83 1,367 21.84 0.0019
2017-08-07 2017-06-30 13F AGREE REALTY COM 008492100 24,462 79 0.32 1,122 -4.02 0.0016
2017-05-02 2017-03-31 13F AGREE REALTY COM 008492100 24,383 -2,189 -8.24 1,169 -4.49 0.0018
2017-01-27 2016-12-31 13F AGREE REALTY COM 008492100 26,572 9,271 53.59 1,224 43.16 0.0020
2016-10-28 2016-09-30 13F AGREE REALTY COM 008492100 17,301 809 4.91 855 7.41 0.0014
2016-07-29 2016-06-30 13F AGREE REALTY COM 008492100 16,492 3,224 24.30 796 56.08 0.0014
2016-05-06 2016-03-31 13F AGREE REALTY COM 008492100 13,268 4 0.03 510 12.09 0.0009
2016-02-09 2015-12-31 13F AGREE REALTY COM 008492100 13,264 148 1.13 455 16.07 0.0008
2015-11-06 2015-09-30 13F AGREE REALTY COM 008492100 13,116 331 2.59 392 5.09 0.0008
2015-07-31 2015-06-30 13F Agree Realty COM 008492100 12,785 2,370 22.76 373 8.75 0.0007
2015-05-08 2015-03-31 13F Agree Realty COM 008492100 10,415 10,415 0.00 343 0.0006
2015-02-04 2014-12-31 13F Agree Realty COM 008492100 0 -9,795 -100.00 0 -100.00
2014-11-07 2014-09-30 13F Agree Realty COM 008492100 9,795 -341 -3.36 268 -12.42 0.0005
2014-08-11 2014-06-30 13F Agree Realty COM 008492100 10,136 -50 -0.49 306 -1.29 0.0006
2014-05-09 2014-03-31 13F Agree Realty COM 008492100 10,186 1,428 16.31 310 23.02 0.0007
2014-02-14 2013-12-31 13F Agree Realty COM 008492100 8,758 250 2.94 252 -1.95 0.0005
2013-11-07 2013-09-30 13F Agree Realty COM 008492100 8,508 204 2.46 257 4.90 0.0006
2013-08-12 2013-06-30 13F Agree Realty COM 008492100 8,304 8,304 245 0.0006
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.