Agree Realty Management
Management criteria checks 3/4
Agree Realty's CEO is Joey Agree, appointed in Jun 2009, has a tenure of 14.92 years. total yearly compensation is $8.23M, comprised of 10.9% salary and 89.1% bonuses, including company stock and options. directly owns 0.59% of the company’s shares, worth €32.23M. The average tenure of the management team and the board of directors is 3.3 years and 4.8 years respectively.
Key information
Joey Agree
Chief executive officer
US$8.2m
Total compensation
| CEO salary percentage | 10.9% |
| CEO tenure | 14.9yrs |
| CEO ownership | 0.6% |
| Management average tenure | 3.3yrs |
| Board average tenure | 4.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$165m |
| Dec 31 2023 | US$8m | US$895k | US$162m |
| Sep 30 2023 | n/a | n/a | US$157m |
| Jun 30 2023 | n/a | n/a | US$155m |
| Mar 31 2023 | n/a | n/a | US$150m |
| Dec 31 2022 | US$8m | US$875k | US$145m |
| Sep 30 2022 | n/a | n/a | US$137m |
| Jun 30 2022 | n/a | n/a | US$136m |
| Mar 31 2022 | n/a | n/a | US$124m |
| Dec 31 2021 | US$7m | US$875k | US$120m |
| Sep 30 2021 | n/a | n/a | US$112m |
| Jun 30 2021 | n/a | n/a | US$97m |
| Mar 31 2021 | n/a | n/a | US$100m |
| Dec 31 2020 | US$8m | US$793k | US$91m |
| Sep 30 2020 | n/a | n/a | US$90m |
| Jun 30 2020 | n/a | n/a | US$89m |
| Mar 31 2020 | n/a | n/a | US$83m |
| Dec 31 2019 | US$5m | US$665k | US$80m |
| Sep 30 2019 | n/a | n/a | US$70m |
| Jun 30 2019 | n/a | n/a | US$66m |
| Mar 31 2019 | n/a | n/a | US$60m |
| Dec 31 2018 | US$5m | US$610k | US$58m |
| Sep 30 2018 | n/a | n/a | US$61m |
| Jun 30 2018 | n/a | n/a | US$58m |
| Mar 31 2018 | n/a | n/a | US$60m |
| Dec 31 2017 | US$4m | US$525k | US$58m |
Compensation vs Market: Joey's total compensation ($USD8.23M) is above average for companies of similar size in the German market ($USD3.35M).
Compensation vs Earnings: Joey's compensation has been consistent with company performance over the past year.
CEO
Joey Agree (44 yo)
14.9yrs
Tenure
US$8,226,103
Compensation
Mr. Joel N. Agree, also known as Joey, has been the Chief Executive Officer at Agree Realty Corporation since January 8, 2013 and its President and Director since June 8, 2009. Mr. Agree served as the Chie...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 30.4yrs | no data | 0.64% $ 34.8m | |
| President | 14.9yrs | US$8.23m | 0.59% $ 32.2m | |
| CFO, Secretary & Investor Relations Professional | 2.8yrs | US$1.39m | 0.014% $ 746.6k | |
| Chief Operating Officer | less than a year | US$781.76k | 0.011% $ 620.0k | |
| General Counsel | 5.3yrs | US$1.34m | 0.016% $ 893.0k | |
| Chief Growth Officer | less than a year | US$2.10m | 0.045% $ 2.5m | |
| Chief Accounting Officer | 1.9yrs | no data | 0.010% $ 570.1k | |
| Director of Corporate Finance | no data | no data | no data | |
| Chief Information Officer & VP of Continuous Improvement | 2yrs | no data | no data | |
| Director of Development | 6.3yrs | no data | no data | |
| Vice President of Asset Management | 6.3yrs | no data | no data | |
| Senior Vice President of Acquisition Strategy & Eastern Region Lead | 3.3yrs | no data | no data |
3.3yrs
Average Tenure
49.5yo
Average Age
Experienced Management: AGL's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 30.4yrs | no data | 0.64% $ 34.8m | |
| President | 14.9yrs | US$8.23m | 0.59% $ 32.2m | |
| Independent Director | 3.3yrs | US$180.00k | 0.41% $ 22.7m | |
| Independent Director | 9.3yrs | US$180.00k | 0.0086% $ 470.3k | |
| Independent Director | 3.4yrs | US$195.00k | 0.011% $ 577.2k | |
| Lead Independent Director | 5.8yrs | US$202.50k | 0.022% $ 1.2m | |
| Independent Director | 2.7yrs | US$180.00k | 0.0094% $ 512.5k | |
| Independent Director | 7.6yrs | US$187.50k | 0.0091% $ 496.1k | |
| Independent Director | less than a year | no data | 0.0032% $ 175.4k | |
| Independent Director | 3.8yrs | US$180.00k | 0.0060% $ 328.9k |
4.8yrs
Average Tenure
58yo
Average Age
Experienced Board: AGL's board of directors are considered experienced (4.8 years average tenure).