Agree Realty Corporation Increases Monthly Cash Dividend for Shareholders

Monthly Dividend Announcement

On February 6, 2025, Agree Realty Corporation (NYSE: ADC) has made an important announcement regarding its monthly cash dividends. The Board of Directors has officially authorized, and the company has declared a new monthly cash dividend of $0.253 per common share. This represents a notable 2.4% increase from the previous year's annualized dividend of $2.964 per common share for the first quarter of 2024. The new dividend will bring the annualized amount to $3.036 per common share. This promising development is sure to please the shareholders of Agree Realty.

The dividend will be payable to stockholders of record at the close of business on February 28, 2025, with payment scheduled for March 14, 2025. This regular increase in dividends reflects the company's ongoing commitment to provide consistent returns to its investors.

Preferred Stock Dividend

In addition to the common stock dividends, the Board has also declared a monthly cash dividend for its 4.25% Series A Cumulative Redeemable Preferred Stock. Shareholders will receive $0.08854 per depositary share, which translates to approximately $1.0625 per annum. This will be payable on March 3, 2025, to shareholders on record as of February 21, 2025.

About Agree Realty Corporation

Agree Realty Corporation specializes in acquiring and developing properties that are net leased to premier omni-channel retail tenants. As of December 31, 2024, the company boasts a robust portfolio of 2,370 properties spread across all 50 states, encompassing an impressive 48.8 million square feet of gross leasable area.

The company is actively reshaping the retail landscape under its initiative of 'RETHINKING RETAIL.' It's publicly traded on the New York Stock Exchange under the ticker symbol 'ADC,' making it accessible to a wide range of investors.

With a strong strategic vision, Agree Realty continues to strengthen its position in the market, attracting industry-leading tenants and generating consistent rental income. The increase in dividends underscores the company's positive financial health and commitment to returning value to its shareholders.

For further information on Agree Realty Corporation and its innovative approach to real estate, visit their official website at www.agreerealty.com.

Conclusion: The announcement of increased dividends serves as a testament to Agree Realty's sustainable growth strategy and commitment to its shareholders, showcasing the company’s strong financial position in the competitive landscape of commercial real estate.