Agree Realty shares outstanding ADC
Diluted shares outstanding, averaged over each quarter, from 2010.
- Latest quarter, to Jun 30, 2026
- 120.5M
- On a year earlier
- +9.2%
- more shares
Agree Realty had 120.5M diluted shares outstanding on average in Q2 FY26, the quarter to Jun 30, 2026.
That is 9.2% more than a year earlier, so each share owns a little less of the company.
Shares outstanding over time
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 115.1M | +10% |
| FY2024 | 104.8M | +4% |
| FY2023 | 100.5M | +13% |
| FY2022 | 88.9M | +26% |
| FY2021 | 70.7M | +26% |
| FY2020 | 56.1M | +30% |
| FY2019 | 43M | +22% |
| FY2018 | 35.2M | +19% |
| FY2017 | 29.6M | +16% |
| FY2016 | 25.4M | +33% |
| FY2015 | 19.1M | +23% |
| FY2014 | 15.5M | +13% |
| FY2013 | 13.8M | +22% |
| FY2012 | 11.3M | +16% |
| FY2011 | 9.7M | n/a |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q2 FY26 | 120.5M | +9% | |
| Q1 FY26 | 120.4M | +12% | |
| Q4 FY25 | 115.1M | +10% | |
| Q3 FY25 | 111.5M | +10% | |
| Q2 FY25 | 110.4M | +10% | |
| Q1 FY25 | 107.5M | +7% | |
| Q4 FY24 | 104.8M | +4% | |
| Q3 FY24 | 101.7M | +4% | |
| Q2 FY24 | 100.5M | +8% | |
| Q1 FY24 | 100.3M | +11% | |
| Q4 FY23 | 100.5M | +13% | |
| Q3 FY23 | 97.3M | +21% |
What the shares outstanding tells you
Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.
A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.
More on Agree Realty
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.