Agree Realty Corporation
US ˙ NYSE ˙ US0084921008

SecurityADC / Agree Realty Corporation
InstitutionInvesco Ltd.
Latest Disclosed Ownership358,049 shares
Ownership 0.60%
Invesco Ltd. ownership in ADC / Agree Realty Corporation

2021-02-04 - Invesco Ltd. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 358,049 shares of Agree Realty Corporation (US:ADC). This represents 0.6 percent ownership of the company. In their previous filing dated 2020-02-13 , Invesco Ltd. had reported owning 3,085,831 shares, indicating a decrease of -88.40 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2021-02-04 2021-02-04 13G/A 3,085,831 358,049 -88.40 0.60 -91.78
2020-02-13 2020-02-13 13G 3,085,831 7.30

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

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)
2026-05-12 2026-03-31 13F AGREE RLTY COM 008492100 479,929 10,995 2.34 36,177 7.11 0.0055
2026-02-19 2025-12-31 13F AGREE RLTY COM 008492100 468,934 46,492 11.01 33,777 12.55 0.0052
2025-11-13 2025-09-30 13F AGREE RLTY COM 008492100 422,442 -998,254 -70.27 30,010 -71.09 0.0047
2025-08-13 2025-06-30 13F AGREE RLTY COM 008492100 1,420,696 -239,162 -14.41 103,796 -18.99 0.0177
2025-05-12 2025-03-31 13F AGREE RLTY COM 008492100 1,659,858 -552,994 -24.99 128,124 -17.81 0.0243
2025-02-13 2024-12-31 13F AGREE RLTY COM 008492100 2,212,852 1,020,512 85.59 155,895 73.57 0.0288
2024-11-12 2024-09-30 13F AGREE RLTY COM 008492100 1,192,340 -25,231 -2.07 89,819 19.10 0.0173
2024-08-13 2024-06-30 13F AGREE RLTY COM 008492100 1,217,571 -128,537 -9.55 75,416 -1.92 0.0159
2024-05-14 2024-03-31 13F AGREE RLTY COM 008492100 1,346,108 -442,067 -24.72 76,890 -31.69 0.0165
2024-02-13 2023-12-31 13F AGREE RLTY COM 008492100 1,788,175 -370,392 -17.16 112,566 -5.60 0.0268
2023-11-13 2023-09-30 13F AGREE RLTY COM 008492100 2,158,567 216,494 11.15 119,239 -6.11 0.0321
2023-08-11 2023-06-30 13F AGREE RLTY COM 008492100 1,942,073 439,044 29.21 126,992 23.15 0.0333
2023-05-12 2023-03-31 13F AGREE RLTY COM 008492100 1,503,029 365,267 32.10 103,123 27.78 0.0288
2023-02-13 2022-12-31 13F AGREE RLTY COM 008492100 1,137,762 -14,264 -1.24 80,701 3.66 0.0236
2022-11-14 2022-09-30 13F AGREE RLTY COM 008492100 1,152,026 188,889 19.61 77,855 12.07 0.0251
2022-08-15 2022-06-30 13F AGREE RLTY COM 008492100 963,137 -133,068 -12.14 69,471 -4.50 0.0210
2022-05-16 2022-03-31 13F AGREE RLTY COM 008492100 1,096,205 311,418 39.68 72,744 29.90 0.0186
2022-02-14 2021-12-31 13F AGREE RLTY COM 008492100 784,787 52,431 7.16 56,002 15.46 0.0135
2021-11-15 2021-09-30 13F AGREE RLTY COM 008492100 732,356 354,599 93.87 48,503 82.14 0.0123
2021-08-17 2021-06-30 13F AGREE RLTY COM 008492100 377,757 -19,268 -4.85 26,629 -0.35 0.0065
2021-05-17 2021-03-31 13F AGREE REALTY COM 008492100 397,025 38,976 10.89 26,723 12.10 0.0071
2021-02-16 2020-12-31 13F AGREE REALTY COM 008492100 358,049 -300,095 -45.60 23,839 -43.08 0.0069
2020-11-16 2020-09-30 13F AGREE REALTY COM 008492100 658,144 -1,309,734 -66.56 41,883 -67.61 0.0142
2020-08-14 2020-06-30 13F AGREE REALTY COM 008492100 1,967,878 -2,297,830 -53.87 129,310 -51.03 0.0462
2020-05-15 2020-03-31 13F AGREE REALTY COM 008492100 4,265,708 1,179,877 38.24 264,047 21.94 0.1111
2020-02-14 2019-12-31 13F AGREE REALTY COM 008492100 3,085,831 260,425 9.22 216,532 4.77 0.0672
2019-11-14 2019-09-30 13F AGREE REALTY COM 008492100 2,825,406 -60,164 -2.08 206,680 11.83 0.0541
2019-08-14 2019-06-30 13F/A-1 AGREE REALTY COM 008492100 2,885,570 727,504 33.71 184,820 23.51 0.0476
2019-08-14 2019-06-30 13F AGREE REALTY COM 008492100 2,885,570 -2,156,882 184,820
2019-05-15 2019-03-31 13F AGREE REALTY COM 008492100 2,158,066 718,965 49.96 149,641 75.88 0.0505
2019-02-14 2018-12-31 13F AGREE REALTY COM 008492100 1,439,101 1,096,949 320.60 85,079 368.11 0.0326
2018-11-14 2018-09-30 13F AGREE REALTY COM 008492100 342,152 -2,676 -0.78 18,175 -0.12 0.0057
2018-08-14 2018-06-30 13F AGREE REALTY COM 008492100 344,828 2,758 0.81 18,196 10.73 0.0060
2018-05-15 2018-03-31 13F AGREE REALTY COM 008492100 342,070 67,947 24.79 16,433 16.54 0.0061
2018-02-14 2017-12-31 13F AGREE REALTY COM 008492100 274,123 42,604 18.40 14,101 24.10 0.0051
2017-11-14 2017-09-30 13F AGREE REALTY COM 008492100 231,519 81 0.03 11,363 7.04 0.0042
2017-08-14 2017-06-30 13F AGREE REALTY COM 008492100 231,438 -6,402 -2.69 10,616 -6.93 0.0033
2017-05-15 2017-03-31 13F AGREE REALTY COM 008492100 237,840 5,462 2.35 11,407 6.60 0.0037
2017-02-14 2016-12-31 13F AGREE REALTY COM 008492100 232,378 51,981 28.81 10,701 19.99 0.0036
2016-11-14 2016-09-30 13F AGREE REALTY COM 008492100 180,397 35,421 24.43 8,918 27.53 0.0031
2016-08-15 2016-06-30 13F AGREE REALTY COM 008492100 144,976 31,319 27.56 6,993 59.95 0.0026
2016-05-16 2016-03-31 13F AGREE REALTY COM 008492100 113,657 28,820 33.97 4,372 51.65 0.0018
2016-02-16 2015-12-31 13F AGREE REALTY COM 008492100 84,837 -115,274 -57.61 2,883 -51.73 0.0012
2015-11-16 2015-09-30 13F AGREE REALTY COM 008492100 200,111 -79 -0.04 5,973 2.28 0.0025
2015-08-14 2015-06-30 13F AGREE REALTY COMMON 008492100 200,190 -1,676 -0.83 5,840 -12.26 0.0023
2015-05-15 2015-03-31 13F AGREE REALTY COMMON 008492100 201,866 9,022 4.68 6,656 11.01 0.0026
2015-02-13 2014-12-31 13F AGREE REALTY COMMON 008492100 192,844 30,443 18.75 5,996 34.86 0.0023
2014-11-14 2014-09-30 13F AGREE REALTY COMMON 008492100 162,401 16,607 11.39 4,446 0.86 0.0018
2014-08-14 2014-06-30 13F AGREE REALTY COMMON 008492100 145,794 30,339 26.28 4,408 25.55 0.0017
2014-05-15 2014-03-31 13F AGREE REALTY COMMON 008492100 115,455 5,624 5.12 3,511 10.17 0.0014
2014-02-13 2013-12-31 13F AGREE REALTY COMMON 008492100 109,831 -6,721 -5.77 3,187 -9.41 0.0013
2013-11-13 2013-09-30 13F AGREE REALTY COMMON 008492100 116,552 -10,812 -8.49 3,518 -6.44 0.0015
2013-08-14 2013-06-30 13F AGREE REALTY COMMON 008492100 127,364 127,364 3,760 0.0018
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.