SCHEDULE 13G/A: Cohen & Steers Amends Beneficial Ownership in Agree Realty Corp, Holding Over 11% Stake

Cohen & Steers, Inc. and its affiliates have filed an amended Schedule 13G, reporting a beneficial ownership of 11.37% in Agree Realty Corp's common stock as of May 31, 2025.

Summary

• Cohen & Steers, Inc. and its affiliated entities have filed an Amendment No. 2 to Schedule 13G, disclosing their beneficial ownership in Agree Realty Corp.
• As of May 31, 2025, Cohen & Steers, Inc. collectively beneficially owns 12,512,001 shares of Agree Realty Corp's common stock.
• This aggregate holding represents 11.37% of the total class of Agree Realty Corp's common stock.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• Key reporting entities include Cohen & Steers Capital Management, Inc. (holding 12,317,274 shares or 11.2%), Cohen & Steers UK Ltd (holding 181,808 shares or 0.17%), and Cohen & Steers Ireland Limited (holding 12,919 shares or 0.01%).

Sentiment

Score: 6

Explanation: The filing indicates a significant, passive ownership stake by a major institutional investor, which is generally a neutral to slightly positive signal of confidence, but provides no operational or financial performance details.

Positives

• Cohen & Steers, Inc., a prominent institutional investor, maintains a substantial beneficial ownership of 11.37% in Agree Realty Corp, signaling continued investment and confidence in the company's prospects.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, potentially reinforcing market confidence.

Key Dates

Keywords

Agree Realty Corp, Cohen & Steers, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Real Estate Investment Trust, REIT