Shares Outstanding for Agree Realty (ADC)
According to Agree Realty's latest reported financial statements, the company's latest reported diluted shares outstanding is 120.38M. Diluted weighted-average shares outstanding is the share count used to compute per-share metrics like EPS. Buybacks lower it; new issuance, stock-based compensation, and convertible securities raise it. Multiply by the stock price for market capitalization.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
ADC
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Latest period
120.38M
YoY change
+9.2%
5Y CAGR
+16.2%
Peak year (2025)
111.20M
Latest annual
111.20M
Shares Outstanding history chart for Agree Realty (ADC) from 1994 to 2025
Shares Outstanding history table for Agree Realty (ADC) from 1994 to 2025
| Fiscal year | Period ended | Reported | Shares Outstanding | YoY |
|---|---|---|---|---|
| 2025 | 111.20M | +9.2% | ||
| 2024 | 101.88M | +6.7% | ||
| 2023 | 95.44M | +20.6% | ||
| 2022 | 79.16M | +17.9% | ||
| 2021 | 67.14M | +28.1% | ||
| 2020 | 52.40M | +27.1% | ||
| 2019 | 41.22M | +27.2% | ||
| 2018 | 32.40M | +17.0% | ||
| 2017 | 27.70M | +20.6% | ||
| 2016 | 22.96M | +27.1% | ||
| 2015 | 18.07M | +20.7% | ||
| 2014 | 14.97M | +13.7% | ||
| 2013 | 13.16M | +18.1% | ||
| 2012 | 11.14M | +15.0% | ||
| 2011 | 9.68M | -0.8% | ||
| 2010 | 9.76M | +15.9% | ||
| 2009 | 8.42M | +0.5% | ||
| 2008 | 8.38M | +8.6% | ||
| 2007 | 7.72M | +1.0% | ||
| 2006 | 7.64M | +1.8% | ||
| 2005 | 7.50M | +16.0% | ||
| 2004 | 6.46M | +22.8% | ||
| 2003 | 5.26M | +18.2% | ||
| 2002 | 4.45M | +0.8% | ||
| 2001 | 4.42M | +0.2% | ||
| 2000 | 4.41M | +1.1% | ||
| 1999 | 4.36M | +0.0% | ||
| 1998 | 4.36M | +18.1% | ||
| 1997 | 3.69M | +39.2% | ||
| 1996 | 2.65M | +1.8% | ||
| 1995 | 2.60M | -19.1% | ||
| 1994 | 3.21M | — |
Shares Outstanding values are taken from Agree Realty's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual diluted shares outstanding for Agree Realty (ADC) came in at 111.20M – grew 9.2% year-over-year.
Agree Realty diluted shares outstanding compound annual growth for the 2020–2025 (5 years) window is +16.2%, sustaining 14 straight years of year-over-year growth.
111.20M stands as the all-time-high annual diluted shares outstanding, posted in 2025, against a low of 2.60M during 1995.
Agree Realty (ADC) sits 8th of 8 Real Estate peers we track on this metric, against a peer median of 410.36M.
Agree Realty Shares Outstanding by Year
Agree Realty Shares Outstanding 2025: 111.20M
Agree Realty diluted shares outstanding in 2025 was 111.20M, grew 9.2% from 2024. This figure represents the highest annual value in the available history.
Agree Realty Shares Outstanding 2024: 101.88M
Agree Realty diluted shares outstanding in 2024 was 101.88M, grew 6.7% from 2023.
Agree Realty Shares Outstanding 2023: 95.44M
Agree Realty diluted shares outstanding in 2023 was 95.44M, grew 20.6% from 2022.
Agree Realty Shares Outstanding 2022: 79.16M
Agree Realty diluted shares outstanding in 2022 was 79.16M, grew 17.9% from 2021.
Agree Realty Shares Outstanding 2021: 67.14M
Agree Realty diluted shares outstanding in 2021 was 67.14M.
See more financial history for Agree Realty (ADC).
Sector peers — Shares Outstanding
Companies in the same sector as Agree Realty, ranked by their latest diluted shares outstanding.
| Company | Shares Outstanding | Sector |
|---|---|---|
| Prologis, Inc. (PLD) | 958.02M | Real Estate |
| Realty Income Corporation (O) | 904.79M | Real Estate |
| Welltower Inc. (WELL) | 679.52M | Real Estate |
| American Tower Corporation (AMT) | 469.14M | Real Estate |
| Digital Realty Trust, Inc. (DLR) | 351.57M | Real Estate |
| Simon Property Group, Inc. (SPG) | 326.02M | Real Estate |
| Public Storage (PSA) | 175.90M | Real Estate |
| Equinix, Inc. (EQIX) | 98.12M | Real Estate |
Frequently asked questions
What is Agree Realty's diluted shares outstanding?
- Latest reported diluted shares outstanding for Agree Realty (ADC) is 120.38M (period ending March 31, 2026).
How has Agree Realty diluted shares outstanding changed year-over-year?
- Agree Realty (ADC) diluted shares outstanding changed +9.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Agree Realty diluted shares outstanding?
- Agree Realty (ADC) diluted shares outstanding compound annual growth rate is +16.2% over the most recent 5 years available.
When did Agree Realty diluted shares outstanding hit its highest annual value?
- Agree Realty diluted shares outstanding reached its highest annual value of 111.20M in 2025.
What was Agree Realty diluted shares outstanding in 2024?
- Agree Realty (ADC) diluted shares outstanding in 2024 was 101.88M.
What was Agree Realty diluted shares outstanding in 2025?
- Agree Realty (ADC) diluted shares outstanding in 2025 was 111.20M.
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