UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
(Commission file number) |
(I.R.S. Employer Identification No.) |
(Address of principal executive offices) |
(Zip code) |
(Registrant’s telephone number, including
area code) (
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01. | Regulation FD Disclosure. |
On September 3, 2020, Agree Realty Corporation (the “Company”) issued a press release announcing the Company’s progress on August rent collections and provided an update on July and second quarter rent collections.
A copy of the press release is furnished as Exhibit 99.1 to this report.
The Company has posted a copy of the press release in the Invest section of its website at www.agreerealty.com.
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits |
Exhibit | Description |
99.1 | Press release, dated September 3, 2020, entitled “Agree Realty Provides Rent Collections Update”. |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AGREE REALTY CORPORATION | |||
By: | /s/ Clayton R. Thelen | ||
Name: Clayton R. Thelen | |||
Title: Chief Financial Officer and Secretary | |||
Date: September 3, 2020 |
Exhibit 99.1
![]() |
70 E. Long Lake Rd. Bloomfield Hills, MI 48304 www.agreerealty.com |
FOR IMMEDIATE RELEASE
Agree Realty Provides Rent Collections Update
Provides August Rent Collections and Update on July & Second Quarter Rent Collections
Bloomfield Hills, MI, September 3, 2020 -- Agree Realty Corporation (NYSE: ADC) (the “Company”) today announced its progress on August rent collections and provided an update on July and second quarter rent collections.
As of September 2, 2020, the Company has received August rent payments from 96% of its portfolio and entered into August deferral agreements with tenants representing 2% of August rents. The Company has received July rent payments from 95% of its portfolio and entered into July deferral agreements with tenants representing 3% of July rents.
The Company has received second quarter rent payments from 91% of its portfolio and entered into deferral agreements representing 3% of second quarter rents.
About Agree Realty Corporation
Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of properties net leased to industry-leading retail tenants. As of June 30, 2020, the Company owned and operated a portfolio of 936 properties, located in 46 states and containing approximately 18.4 million square feet of gross leasable area. The Company’s common stock is listed on the New York Stock Exchange under the symbol “ADC”. For additional information, please visit www.agreerealty.com.
###
Contact:
Clay Thelen
Chief Financial Officer
Agree Realty Corporation
(248) 737-4190
XI6FE<-'H0:[X=GU;4+&^M=2>QN;,.%9(E?.X '@_2BRT76K>\BEN?$HV^D:;<7UVVV"!"[D=<>WO4MK S-.US=7LYFEF9<$]E4#T X%7-1T^#5-.N+*Z7=#.A M1A[&L35/&2Z3=F&?1M493*(8Y4B!25CT"G/.:LCQ,B6=M<75A>VIN+I;5(YD M"MN;HV,]*'&7Q!=;$%_X5FOO#VGZ 4"S%,[ (I;J%<[H3:H@;CU'(JYK&MV6A6@GOI2H9MD:(NYY&_NJHY)K(;QC *TZF78K%1ZE
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end
Cover |
Sep. 03, 2020 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Sep. 03, 2020 |
Entity File Number | 1-12928 |
Entity Registrant Name | AGREE REALTY CORPORATION |
Entity Central Index Key | 0000917251 |
Entity Tax Identification Number | 38-3148187 |
Entity Incorporation, State or Country Code | MD |
Entity Address, Address Line One | 70 E. Long Lake Road |
Entity Address, City or Town | Bloomfield Hills |
Entity Address, State or Province | MI |
Entity Address, Postal Zip Code | 48304 |
City Area Code | 248 |
Local Phone Number | 737-4190 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $.0001 par value |
Trading Symbol | ADC |
Security Exchange Name | NYSE |
Entity Emerging Growth Company | false |
-8?2
M0$3;8T.P6BP^0"X99K>]9!:G
_?I V7KN[R$CK>JF5$*EZMG8B2EVN0_$^_;'\
MO3;2G^X:]RLHL,Z#3)68'P>NM:DA/^VB_\T(@B#"(BWT@C4G^5FFE
M=5! P!>YCYWY 48:5A'])8G2GE18>,9D6G_N@I4 O^SH2MH;/AJH[+;@M
(JU,GOM SZRG/@)%\O=R:2XS%FJA,-2KTEUULZBBH8G%$Q5*X,Z PBM]97+
M\JN$7)88[MOSW8&_$=K\S**/=_!G9:"2'IJ5[:[Y.RDL7K,#KV01BJT)^ID+
M6[D*L+=5%J,YVRIQ^86O,:PPC%OTVO#YU"5WA*YY=<4NH@:[X_YO)O/&3&8M
M^<2&WM(0!K(>X