Agree Realty Management
Management criteria checks 4/4
Agree Realty's CEO is Joey Agree, appointed in Jun 2009, has a tenure of 14.83 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 $33.58M. The average tenure of the management team and the board of directors is 3.3 years and 4.7 years respectively.
Key information
Joey Agree
Chief executive officer
US$8.2m
Total compensation
| CEO salary percentage | 10.9% |
| CEO tenure | 14.8yrs |
| CEO ownership | 0.6% |
| Management average tenure | 3.3yrs |
| Board average tenure | 4.7yrs |
Recent management updates
Recent updates
Investment Spread And NAVPS Suggest Agree Is Fairly Valued
Apr 15Agree Realty: Why I Bought The 5.3% Yielding Commons
Mar 21Agree Realty: Better Growth Prospects Than Realty Income
Mar 01Agree Realty: Strong Performance In Q4, Good Financial Position (Rating Upgrade)
Feb 22W. P. Carey Vs. Agree Realty: Hell Hath No Fury Like An Income Investor Scorned
Feb 13Agree Realty: Who Else Is Backing Up The Truck With Me?
Jan 30Agree Realty: Off The Lows But Still A Long-Term Buy Candidate
Jan 08Agree Realty: A 5%-Yielding Monthly Dividend Payer On My Radar
Dec 14Agree Realty: 4.9% Yield, Monthly Payer, Great Preferreds
Dec 04Agree Realty And NNN REIT Q3: Solid Earnings Shows Why Both SWANs Are Great Buys Right Now
Nov 06Realty Income And Agree Realty: Less Dumb Than The Stereotypes
Oct 19Perception Is Not The Reality: 2 REITs I'm Buying All The Way Down
Oct 13Agree Realty: One Of The Best Picks For A High Interest Rate Environment
Sep 28Agree Realty: The Monthly Payer Is Absolutely Cheap But Relatively Expensive
Sep 14Agree Realty: Buy The Dip For The 4.8% Yield
Sep 08High Annualized Upside From Agree Realty At A Low Valuation
Aug 29Agree Realty: Putting Their Money Where Their Mouth Is
Aug 08Agree Realty: A Great Time To Buy The Dip
Jul 31Agree Realty: A Perfect Tenant Replacement Stock
Jul 11Cost Of Capital Advantage Makes Agree Realty A Better Value Than Spirit Realty
Jun 30Agree Realty: A Steady REIT Income Play
Jun 20Agree Realty: From Ugly REIT Duckling To Super SWAN
Jun 14Agree Realty: Not Worth Buying At The Current Price
Feb 19Agree Realty declares $0.24 dividend
Feb 13Agree Realty: Perfect Macro Setup For This High-Quality Retail REIT
Feb 03Agree Realty declares $0.24 dividend
Jan 12Agree Realty: Hold On, There Are Better Choices
Dec 28Agree Realty declares $0.24 dividend
Dec 13Agree Realty: Another Dividend Hike For This Monthly Paying Net Lease REIT
Nov 13Agree Realty raises dividend by 3% to $0.24
Oct 13Agree Realty to settle outstanding forward equity for $599M, announces stock offering
Sep 28Agree Realty: Safe 3.7% Yield, But Overvalued
Sep 12Better NNN SWAN: Realty Income's 4.4% Yield Or Agree Realty's 3.8%
Sep 01Agree Realty: Moving To Hold After A Strong Run In Shares
Aug 18CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 about average for companies of similar size in the US market ($USD8.42M).
Compensation vs Earnings: Joey's compensation has been consistent with company performance over the past year.
CEO
Joey Agree (44 yo)
14.8yrs
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 | 30.3yrs | no data | 0.63% $ 36.3m | |
| President | 14.8yrs | US$8.23m | 0.59% $ 33.6m | |
| CFO, Secretary & Investor Relations Professional | 2.7yrs | US$1.39m | 0.014% $ 777.8k | |
| Chief Operating Officer | less than a year | US$781.76k | 0.011% $ 646.3k | |
| General Counsel | 5.2yrs | US$1.34m | 0.016% $ 930.4k | |
| Chief Growth Officer | less than a year | US$2.10m | 0.045% $ 2.6m | |
| Chief Accounting Officer | 1.8yrs | no data | 0.010% $ 594.3k | |
| Director of Corporate Finance | no data | no data | no data | |
| Chief Information Officer & VP of Continuous Improvement | 1.9yrs | 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: ADC's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 30.3yrs | no data | 0.63% $ 36.3m | |
| President | 14.8yrs | US$8.23m | 0.59% $ 33.6m | |
| Independent Director | 3.2yrs | US$180.00k | 0.41% $ 23.7m | |
| Independent Director | 9.3yrs | US$180.00k | 0.0086% $ 490.3k | |
| Independent Director | 3.3yrs | US$195.00k | 0.011% $ 601.8k | |
| Lead Independent Director | 5.8yrs | US$202.50k | 0.022% $ 1.2m | |
| Independent Director | 2.6yrs | US$180.00k | 0.0094% $ 534.3k | |
| Independent Director | 7.5yrs | US$187.50k | 0.0091% $ 517.2k | |
| Independent Director | less than a year | no data | 0.0032% $ 182.9k | |
| Independent Director | 3.7yrs | US$180.00k | 0.0060% $ 342.3k |
4.7yrs
Average Tenure
58yo
Average Age
Experienced Board: ADC's board of directors are considered experienced (4.7 years average tenure).