Agree Realty Management

Management criteria checks 4/4

Agree Realty's CEO is Joey Agree, appointed in Jun 2009, has a tenure of 14.67 years. total yearly compensation is $7.66M, comprised of 11.4% salary and 88.6% bonuses, including company stock and options. directly owns 0.56% of the company’s shares, worth $32.16M. The average tenure of the management team and the board of directors is 3.1 years and 4.5 years respectively.

Key information

Joey Agree

Chief executive officer

US$7.7m

Total compensation

CEO salary percentage11.4%
CEO tenure14.7yrs
CEO ownership0.6%
Management average tenure3.1yrs
Board average tenure4.5yrs

Recent management updates

Recent updates

Agree Realty: Strong Performance In Q4, Good Financial Position (Rating Upgrade)

Feb 22

W. P. Carey Vs. Agree Realty: Hell Hath No Fury Like An Income Investor Scorned

Feb 13

Agree Realty: Who Else Is Backing Up The Truck With Me?

Jan 30

Agree Realty: Off The Lows But Still A Long-Term Buy Candidate

Jan 08

Agree Realty: A 5%-Yielding Monthly Dividend Payer On My Radar

Dec 14

Agree Realty: 4.9% Yield, Monthly Payer, Great Preferreds

Dec 04

Agree Realty And NNN REIT Q3: Solid Earnings Shows Why Both SWANs Are Great Buys Right Now

Nov 06

Realty Income And Agree Realty: Less Dumb Than The Stereotypes

Oct 19

Perception Is Not The Reality: 2 REITs I'm Buying All The Way Down

Oct 13

Agree Realty: One Of The Best Picks For A High Interest Rate Environment

Sep 28

Agree Realty: The Monthly Payer Is Absolutely Cheap But Relatively Expensive

Sep 14

Agree Realty: Buy The Dip For The 4.8% Yield

Sep 08

High Annualized Upside From Agree Realty At A Low Valuation

Aug 29

Agree Realty: Putting Their Money Where Their Mouth Is

Aug 08

Agree Realty: A Great Time To Buy The Dip

Jul 31

Agree Realty: A Perfect Tenant Replacement Stock

Jul 11

Cost Of Capital Advantage Makes Agree Realty A Better Value Than Spirit Realty

Jun 30

Agree Realty: A Steady REIT Income Play

Jun 20

Agree Realty: From Ugly REIT Duckling To Super SWAN

Jun 14

Agree Realty: Not Worth Buying At The Current Price

Feb 19

Agree Realty declares $0.24 dividend

Feb 13

Agree Realty: Perfect Macro Setup For This High-Quality Retail REIT

Feb 03

Agree Realty declares $0.24 dividend

Jan 12

Agree Realty: Hold On, There Are Better Choices

Dec 28

Agree Realty declares $0.24 dividend

Dec 13

Agree Realty: Another Dividend Hike For This Monthly Paying Net Lease REIT

Nov 13

Agree Realty raises dividend by 3% to $0.24

Oct 13

Agree Realty to settle outstanding forward equity for $599M, announces stock offering

Sep 28

Agree Realty: Safe 3.7% Yield, But Overvalued

Sep 12

Better NNN SWAN: Realty Income's 4.4% Yield Or Agree Realty's 3.8%

Sep 01

Agree Realty: Moving To Hold After A Strong Run In Shares

Aug 18

Agree Realty declares $0.234 dividend

Aug 11

3 Top Defensive Stocks On The Eve Of The July Fed Meeting

Jul 26

Agree Realty declares $0.234 dividend

Jul 12

Forget Realty Income, Buy Agree Realty Instead

Jun 24

CEO Compensation Analysis

How has Joey Agree's remuneration changed compared to Agree Realty's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

US$162m

Sep 30 2023n/an/a

US$157m

Jun 30 2023n/an/a

US$155m

Mar 31 2023n/an/a

US$150m

Dec 31 2022US$8mUS$875k

US$145m

Sep 30 2022n/an/a

US$137m

Jun 30 2022n/an/a

US$136m

Mar 31 2022n/an/a

US$124m

Dec 31 2021US$7mUS$875k

US$120m

Sep 30 2021n/an/a

US$112m

Jun 30 2021n/an/a

US$97m

Mar 31 2021n/an/a

US$100m

Dec 31 2020US$8mUS$793k

US$91m

Sep 30 2020n/an/a

US$90m

Jun 30 2020n/an/a

US$89m

Mar 31 2020n/an/a

US$83m

Dec 31 2019US$5mUS$665k

US$80m

Sep 30 2019n/an/a

US$70m

Jun 30 2019n/an/a

US$66m

Mar 31 2019n/an/a

US$60m

Dec 31 2018US$5mUS$610k

US$58m

Sep 30 2018n/an/a

US$61m

Jun 30 2018n/an/a

US$58m

Mar 31 2018n/an/a

US$60m

Dec 31 2017US$4mUS$525k

US$58m

Compensation vs Market: Joey's total compensation ($USD7.66M) is about average for companies of similar size in the US market ($USD7.71M).

Compensation vs Earnings: Joey's compensation has been consistent with company performance over the past year.


CEO

Joey Agree (44 yo)

14.7yrs

Tenure

US$7,656,072

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

NamePositionTenureCompensationOwnership
Richard Agree
Executive Chairman of the Board30.2yrsno data0.61%
$ 35.4m
Joel Agree
President14.7yrsUS$7.66m0.56%
$ 32.2m
Peter Coughenour
CFO, Secretary & Investor Relations Professional2.5yrsUS$980.64k0.0065%
$ 376.2k
Nicole Witteveen
Chief Operating Officerless than a yearUS$585.72k0.0080%
$ 463.9k
Danielle Spehar
General Counsel5yrsUS$1.10m0.011%
$ 657.2k
Craig Erlich
Chief Growth Officerless than a yearUS$1.53m0.039%
$ 2.2m
Stephen Breslin
Chief Accounting Officer1.7yrsno data0.0061%
$ 349.6k
Brian Hawthorne
Director of Corporate Financeno datano datano data
Larry Kaufman
Chief Information Officer & VP of Continuous Improvement1.8yrsno datano data
Josh Bratton
Director of Development6.1yrsno datano data
Marc Brandt
Vice President of Asset Management6.1yrsno datano data
Ryan Cockerill
Senior Vice President of Acquisition Strategy & Eastern Region Lead3.1yrsno datano data

3.1yrs

Average Tenure

49.5yo

Average Age

Experienced Management: ADC's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Agree
Executive Chairman of the Board30.2yrsno data0.61%
$ 35.4m
Joel Agree
President14.7yrsUS$7.66m0.56%
$ 32.2m
John Rakolta
Independent Director3yrsUS$132.00k0.39%
$ 22.6m
Jerome Rossi
Independent Director9.1yrsUS$132.00k0.0066%
$ 380.2k
Karen Dearing
Independent Director3.2yrsUS$138.00k0.0069%
$ 398.1k
W. Lehmkuhl
Lead Independent Director5.6yrsUS$138.00k0.018%
$ 1.0m
Michael Judlowe
Independent Director2.4yrsUS$132.00k0.0062%
$ 354.8k
Merrie Frankel
Independent Director7.3yrsUS$132.00k0.0071%
$ 407.9k
Linglong He
Independent Directorless than a yearno datano data
Michael Hollman
Independent Director3.5yrsUS$132.00k0.0040%
$ 231.4k

4.5yrs

Average Tenure

58yo

Average Age

Experienced Board: ADC's board of directors are considered experienced (4.5 years average tenure).


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