Agree Realty Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

BMV:ADC * Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
08 Apr 25	BuyMex$41,339,443	John Rakolta	Individual	28,080	Mex$1,472.20
23 Dec 24	BuyMex$42,931,985	John Rakolta	Individual	30,275	Mex$1,419.80
23 May 24	BuyMex$987,050	W. Lehmkuhl	Individual	1,000	Mex$987.05
23 May 24	BuyMex$19,851,438	John Rakolta	Individual	20,000	Mex$993.91

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of ADC *?
Owner Type	Number of Shares	Ownership Percentage
State or Government	93,758	0.0873%
Individual Insiders	1,830,702	1.7%
Institutions	105,464,480	98.2%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.5%.

Top Shareholders

Top 25 shareholders own 71.56% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
14.4%	The Vanguard Group, Inc.	14,442,249	Mex$21.3b	-0.26%	0.02%
13.3%	BlackRock, Inc.	13,316,749	Mex$19.6b	-1.42%	0.02%
5.01%	State Street Global Advisors, Inc.	5,034,020	Mex$7.4b	-0.64%	0.01%
4.7%	Cohen & Steers Capital Management, Inc.	4,714,185	Mex$7.0b	313%	0.59%
4.58%	Principal Global Investors, LLC	4,596,555	Mex$6.8b	-19.1%	0.17%
2.66%	CenterSquare Investment Management LLC	2,669,822	Mex$3.9b	-3.4%	2.29%
2.51%	Long Pond Capital, LP	2,521,801	Mex$3.7b	-12.1%	8.91%
2.36%	JP Morgan Asset Management	2,367,672	Mex$3.5b	-0.5%	0.02%
2.04%	Geode Capital Management, LLC	2,044,383	Mex$3.0b	2.73%	0.01%
1.81%	Daiwa Asset Management Co., Ltd.	1,815,511	Mex$2.7b	55.9%	0.09%
1.74%	RREEF America L.L.C.	1,751,691	Mex$2.6b	38.8%	0.62%
1.55%	Janus Henderson Group plc	1,556,436	Mex$2.3b	0.48%	0.05%
1.52%	Charles Schwab Investment Management, Inc.	1,531,001	Mex$2.3b	0.22%	0.02%
1.52%	Dimensional Fund Advisors LP	1,522,014	Mex$2.2b	5.32%	0.02%
1.37%	Thrivent Investment Management Inc.	1,379,397	Mex$2.0b	-5%	0.18%
1.26%	Macquarie Investment Management Business Trust	1,268,852	Mex$1.9b	-0.48%	0.1%
1.19%	Norges Bank Investment Management	1,193,507	Mex$1.8b	5.21%	0.01%
1.18%	BNY Asset Management	1,184,102	Mex$1.7b	2.15%	0.02%
1.13%	PGGM	1,133,761	Mex$1.7b	0%	0.95%
1.08%	GW&K Investment Management, LLC	1,080,252	Mex$1.6b	0.96%	0.67%
1.04%	Alyeska Investment Group, L.P.	1,047,335	Mex$1.5b	182%	0.42%
0.96%	Invesco Ltd.	964,594	Mex$1.4b	-9.81%	0.02%
0.92%	LaSalle Investment Management Securities, LLC	920,602	Mex$1.4b	-12.8%	2.09%
0.91%	Scout Investments, Inc.	910,887	Mex$1.3b	-6.03%	1.58%
0.88%	Russell Investment Management, LLC	878,906	Mex$1.3b	7.88%	0.08%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/09/30 16:30
End of Day Share Price	2024/07/03 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Agree Realty Corporation is covered by 36 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Wesley Golladay	Baird
Richard Hightower	Barclays
Nathan Crossett	Berenberg