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.

About Honigman

Honigman LLP is an Am Law 200 full-service, general business law firm with more than 350 attorneys counseling clients on complex issues across the country in Chicago, Michigan (Ann Arbor, Bloomfield Hills, Detroit, Grand Rapids, Kalamazoo and Lansing), Washington, D.C. and Israel. Honigman lawyers counsel clients on complex issues in more than 60 areas of law. For more information, visit www.honigman.com.