Agree Realty Corporation
US ˙ NYSE ˙ US0084921008

SecurityADC / Agree Realty Corporation
InstitutionNeuberger Berman Group LLC
Latest Disclosed Ownership316,090 shares
Latest Disclosed Value $ 23,826,868
Neuberger Berman Group LLC reports 5.78% decrease in ownership of ADC / Agree Realty Corporation

On May 14, 2026 - Neuberger Berman Group LLC filed a 13F-HR form disclosing ownership of 316,090 shares of Agree Realty Corporation (US:ADC) valued at $23,826,864 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 335,483 shares of Agree Realty Corporation. This represents a change in shares of -5.78% during the quarter. The current value of the position is $23,204,167 USD.

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)
2026-05-14 2026-03-31 13F AGREE REALTY CORP REIT COMMON 008492100 316,090 -19,393 -5.78 23,827 -1.40 0.0181
2026-02-13 2025-12-31 13F AGREE REALTY CORP REIT COMMON 008492100 335,483 -2,095 -0.62 24,165 0.76 0.0180
2025-11-12 2025-09-30 13F AGREE REALTY CORP REIT COMMON 008492100 337,578 37,184 12.38 23,982 9.27 0.0175
2025-08-25 2025-06-30 13F/A-1 AGREE REALTY REIT CORP REIT COMMON 008492100 300,394 287,900 2,304.31 21,947 2,176.56 0.0169
2025-08-13 2025-06-30 13F AGREE REALTY REIT CORP REIT COMMON 008492100 300,394 287,900 21,947 0.0087
2025-05-13 2025-03-31 13F AGREE REALTY REIT CORP REIT COMMON 008492100 12,494 37 0.30 964 9.92 0.0008
2025-02-13 2024-12-31 13F AGREE REALTY REIT CORP REIT COMMON 008492100 12,457 123 1.00 878 -5.60 0.0007
2024-11-14 2024-09-30 13F AGREE REALTY REIT CORP REIT COMMON 008492100 12,334 -31 -0.25 929 21.44 0.0007
2024-11-14 2024-06-30 13F/A-1 AGREE REALTY REIT CORP REIT COMMON 008492100 12,365 1,295 11.70 766 21.04 0.0006
2024-08-13 2024-06-30 13F AGREE REALTY REIT CORP REIT COMMON 008492100 12,365 1,295 766 0.0006
2024-11-14 2024-03-31 13F/A-1 AGREE REALTY REIT CORP REIT COMMON 008492100 11,070 -23,283 -67.78 632 -70.77 0.0005
2024-05-13 2024-03-31 13F AGREE REALTY REIT CORP REIT COMMON 008492100 11,070 -23,283 632 0.0005
2024-11-14 2023-12-31 13F/A-2 AGREE REALTY REIT CORP REIT COMMON 008492100 34,353 2,108 6.54 2,163 21.39 0.0019
2024-02-09 2023-12-31 13F AGREE REALTY REIT CORP REIT COMMON 008492100 34,353 2,108 2,163 0.0019
2023-11-14 2023-09-30 13F AGREE REALTY REIT CORP REIT COMMON 008492100 32,245 2,970 10.15 1,781 -6.95 0.0016
2023-08-11 2023-06-30 13F AGREE REALTY REIT CORP REIT COMMON 008492100 29,275 -639 -2.14 1,914 -6.73 0.0017
2023-05-12 2023-03-31 13F AGREE REALTY REIT CORP REIT COMMON 008492100 29,914 982 3.39 2,052 0.00 0.0019
2023-02-13 2022-12-31 13F AGREE REALTY REIT CORP REIT COMMON 008492100 28,932 15 0.05 2,052 5.02 0.0020
2022-11-15 2022-09-30 13F AGREE REALTY REIT CORP REIT COMMON 008492100 28,917 1,260 4.56 1,954 -2.06 0.0020
2022-08-15 2022-06-30 13F AGREE REALTY REIT CORP REIT COMMON 008492100 27,657 3,080 12.53 1,995 22.32 0.0020
2022-05-23 2022-03-31 13F/A-1 AGREE REALTY REIT CORP REIT COMMON 008492100 24,577 24,577 1,631 0.0014
2022-05-13 2022-03-31 13F AGREE REALTY REIT CORP REIT COMMON 008492100 24,577 24,577 1,614 0.0007
2020-05-14 2020-03-31 13F AGREE REALTY REIT CORP REIT COMMON 008492100 0 -3,190 -100.00 0 -100.00
2020-02-12 2019-12-31 13F AGREE REALTY REIT CORP REIT COMMON 008492100 3,190 -552 -14.75 224 -18.25 0.0003
2019-11-13 2019-09-30 13F AGREE REALTY REIT CORP REIT COMMON 008492100 3,742 14 0.38 274 15.13 0.0003
2019-08-13 2019-06-30 13F AGREE REALTY REIT CORP REIT COMMON 008492100 3,728 707 23.40 238 13.88 0.0003
2019-05-13 2019-03-31 13F AGREE REALTY REIT CORP REIT COMMON 008492100 3,021 -4,775 -61.25 209 -54.66 0.0003
2019-02-12 2018-12-31 13F AGREE REALTY REIT CORP REIT COMMON 008492100 7,796 3,507 81.77 461 102.19 0.0006
2018-11-16 2018-09-30 13F/A-1 AGREE REALTY REIT CORP REIT COMMON 008492100 4,289 -308 -6.70 228 -6.17 0.0003
2018-11-13 2018-09-30 13F AGREE REALTY REIT CORP REIT COMMON 008492100 4,289 -308 228
2018-08-13 2018-06-30 13F AGREE REALTY REIT CORP REIT COMMON 008492100 4,597 4,597 243 0.0003
2018-05-08 2018-03-31 13F AGREE REALTY REIT CORP REIT COMMON 008492100 0 -3,947 -100.00 0 -100.00
2018-02-14 2017-12-31 13F AGREE REALTY REIT CORP REIT COMMON 008492100 3,947 -2,100 -34.73 203 -31.65 0.0002
2017-11-15 2017-09-30 13F AGREE REALTY COMMON STOCK 008492100 6,047 271 4.69 297 12.08 0.0004
2017-08-08 2017-06-30 13F AGREE REALTY COMMON STOCK 008492100 5,776 247 4.47 265 0.00 0.0003
2017-05-10 2017-03-31 13F AGREE REALTY COMMON STOCK 008492100 5,529 325 6.25 265 10.42 0.0003
2017-02-06 2016-12-31 13F AGREE REALTY COMMON STOCK 008492100 5,204 -680 -11.56 240 -17.53 0.0003
2016-11-02 2016-09-30 13F AGREE REALTY COMMON STOCK 008492100 5,884 -130 -2.16 291 0.34 0.0004
2016-08-05 2016-06-30 13F AGREE REALTY COMMON STOCK 008492100 6,014 6,014 290 0.0004
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.