Filing summary
Business context and reporting period: Agree Realty Corporation filed this Form 8-K on October 2, 2026, reporting weighted-average common shares outstanding for the three and nine months ended September 30, 2026. The filing concerns share counts used in earnings-per-share calculations; it does not report quarterly operating results.
Key figures
| Share measure | Three months ended September 30, 2026 | Nine months ended September 30, 2026 |
|---|---|---|
| Weighted-average common shares outstanding | 124,565,976 | 121,626,484 |
| Basic EPS weighted-average shares, after unvested restricted shares | 124,363,105 | 121,423,613 |
| Diluted EPS weighted-average shares | 124,602,961 | 121,879,652 |
| Diluted shares including Operating Partnership units | 124,950,580 | 122,227,271 |
Dilutive securities included share-based compensation of 201,259 shares for the quarter and 200,786 for the nine-month period; the April 2025 Forward Equity Offering contributed 38,597 and 84,892 shares, respectively. ATM Forward Equity Offerings contributed no incremental shares for the quarter and 170,361 for the nine-month period. The company used the treasury stock method for forward offerings before settlement; their stated incremental diluted-share impact was 38,597 for the quarter and 255,253 for the nine months.
Changes, outlook, and risks
The filing provides no prior-year comparison and no revenue, profit, cash flow, margin, debt, liquidity, guidance, or operating outlook figures. It discloses no new contingency or unusual item beyond the share-count and dilution information described above.
Investor verification points
- Confirm the reported basic and diluted weighted-average share counts when reviewing the company’s earnings-per-share results.
- Check how forward equity offerings and share-based compensation affect dilution, including the nine-month incremental impact of 255,253 shares from forward offerings.
- Review the treatment of 347,619 Operating Partnership units in diluted share totals for each period.