ROYAL
OAK, Mich., Feb. 6, 2025
/PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the
"Company") today announced that its Board of Directors has
authorized, and the Company has declared, a monthly cash dividend
of $0.253 per common share. The
monthly dividend reflects an annualized dividend amount of
$3.036 per common share, representing
a 2.4% increase over the annualized dividend amount of $2.964 per common share from the first quarter of
2024. The dividend is payable March 14,
2025 to stockholders of record at the close of business on
February 28, 2025.
Additionally, the Company's Board of Directors has authorized,
and the Company has declared, a monthly cash dividend on its 4.25%
Series A Cumulative Redeemable Preferred Stock of $0.08854 per depositary share, which is
equivalent to $1.0625 per annum. The
dividend is payable March 3, 2025 to
stockholders of record at the close of business on February 21, 2025.
About Agree Realty Corporation
Agree Realty Corporation is a publicly traded real estate
investment trust that is RETHINKING RETAIL
through the acquisition and development of properties net leased to
industry-leading, omni-channel retail tenants. As of December 31, 2024, the Company owned and operated
a portfolio of 2,370 properties, located in all 50 states and
containing approximately 48.8 million square feet of gross leasable
area. The Company's common stock is listed on the New York Stock
Exchange under the symbol "ADC". For additional information
on the Company and RETHINKING RETAIL, please
visit www.agreerealty.com.
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SOURCE AGREE REALTY CORPORATION
