UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 7.01. |
Regulation FD Disclosure. |
On March 1, 2024, the Company posted an updated investor presentation to its website at www.agreerealty.com, which provides information on the Company’s year-to-date acquisition and development activity. The Company disclosed that it has approximately $200 million of acquisitions that are closed, under contract or under letter of intent year-to-date. In addition, the Company has commenced four development or Developer Funding Platform (“DFP”) projects year-to-date, with total anticipated costs of approximately $18 million. Including the 16 projects that were ongoing at year end, the Company has 20 development or DFP projects completed or under construction during the first quarter of 2024, totaling approximately $81 million of committed capital. Potential acquisitions are subject to customary closing conditions, including the completion of due diligence, and, in the case of properties subject to letters of intent, negotiation of definitive purchase and sale agreements, and there can be no assurance that these acquisitions will be completed on the terms described above or at all.
The presentation is furnished as Exhibit 99.1 to this report and is hereby incorporated by reference. The information in this Section 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly stated by specific reference in such filing. The furnishing of this information hereby shall not be deemed an admission as to the materiality of any such information.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit | Description |
| 99.1 | March 2024 Investor Presentation. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AGREE REALTY CORPORATION | ||||
| By: | /s/ Peter Coughenour | |||
| Name: | Peter Coughenour | |||
| Title: | Chief Financial Officer and Secretary | |||
Date: March 1, 2024