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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Jan. 24, 12:51 PM

Slide #22. Agree Realty Corporation Secondary Offering

Company: Agree Realty Corporation (NYSE:ADC)
Date announced: 12/8/2021
Shares Offered: 5,000,000
Date of Pricing: 12/8/2021
Price Per Share: $68.15
Secondary Offering Details: Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that it commenced an underwritten public offering of 5,000,000 shares of its common stock in connection with the forward sale agreements described below. In connection with the offering, the Company expects to grant the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock. -updated 12/8- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced the pricing of its public offering of 5,000,000 shares of its common stock at a public offering price of $68.15 per share in connection with the forward sale agreements described below. The Company also granted the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock. The offering is expected to close on or about December 13, 2021.

Agree Realty is an integrated real estate investment trust primarily focused on the ownership, acquisition, development and management of retail properties net leased to tenants. Co.'s assets are held by, and all of its operations are conducted through, directly or indirectly, Agree Limited Partnership, of which Co. is the sole general partner and in which it holds a majority interest.

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Company Name: 
Agree Realty Corp.
Website: 
www.agreerealty.com
Sector: 
REITs
Number of ETFs Holding ADC: 
68
Total Market Value Held by ETFs: 
$1.26B
Total Market Capitalization: 
$4.50B
% of Market Cap. Held by ETFs: 
27.93%
 

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Buy (3.36 out of 4)
38th percentile
(ranked lower than approx. 62% of all stocks covered)

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