Latham & Watkins Advises on Agree Realty's US$340.65 Million Forward Common Stock Offering

Agree Realty Corporation (NYSE: ADC), a publicly traded REIT, has announced the pricing of its public offering of 4,500,000 shares of its common stock at a public offering price of US$75.70 per share in connection with a forward sale agreement. The company also granted the underwriter a 30-day option to purchase up to an additional 675,000 shares of common stock. The offering closed on April 25, 2025.

Latham & Watkins LLP represents the underwriters in the offering with a capital markets team led by partners Julian Kleindorfer, Lewis Kneib, and Jonathan Sarna, with associates Andrew Bentz, Will Coughlin, and Steve Hess. Advice was also provided on derivatives matters by partner Reza Mojtabaee-Zamani, with associates Jack Neff and Daniel Weiss; and on tax matters by partner Ana O’Brien, with associate Joe Marcus.