Honigman Advises Agree Realty Corporation in $340 Million Forward Common Stock Offering

Agree Realty Corporation, a publicly traded real estate investment trust, has announced the pricing of its public offering of 4,500,000 shares of its common stock, all of which are being offered in connection with a forward sales agreement, at a public offering price of $75.70 per share. The company also granted the underwriters a 30-day option to purchase up to an additional 675,000 shares of common stock. The offering is expected to close on or about April 25, 2025, subject to customary closing conditions.

Honigman advised Agree Realty Corporation and the matter was led by Partners Donald J. Kunz, Emily J. Johns, and N. Danny Shulman, with Associates Cassandra J. O'Hagan and Lauren Legner.