8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

______________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): May 31, 2018

AGREE REALTY CORPORATION

(Exact name of registrant as specified in its charter)

Maryland

(State of other jurisdiction of incorporation)

1-12928 (Commission file number)	38-3148187     (I.R.S. Employer Identification No.)
70 E. Long Lake Road Bloomfield Hills, MI (Address of principal executive offices)	48304 (Zip code)

(Registrant’s telephone number, including area code) (248) 737-4190

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))

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 8.01. Other Events.

On May 31, 2018, Agree Realty Corporation (the "Company") issued a press release announcing that Moody’s Investors Service, a rating agency, has assigned a Baa2 issuer rating to the Company with a stable outlook. The press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Description

99.1 Press release, dated May 31, 2018, reporting the Company's issuer rating.

2

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
Date:  June 1, 2018	By:	/s/ Clayton R. Thelen
		Clayton R. Thelen Chief Financial Officer and Secretary

EX-99.1

Exhibit 99.1

	70 E. Long Lake Rd.
	Bloomfield Hills, MI 48304
	www.agreerealty.com

FOR IMMEDIATE RELEASE

Agree Realty Receives Investment Grade Rating From Moody’s Investors Service

Achieves Baa2 Rating With A Stable Outlook

Bloomfield Hills, MI, May 31, 2018 -- Agree Realty Corporation (NYSE: ADC) (the “Company”) today announced that Moody’s Investors Service has assigned a Baa2 issuer rating to the Company with a stable outlook.

According to Moody’s press release, the Baa2 issuer rating reflects the Company’s long-standing operational history, conservative leverage policy, strong balance sheet with ample liquidity for growth, and well-laddered debt maturity schedule. Additionally, Moody’s stated that the Company has a large unencumbered asset pool, a quality net lease portfolio with long-term leases and minimal near-term lease expirations, and a substantial investment grade tenant roster.

“The receipt of an investment grade credit rating is an important milestone in our continued evolution and acknowledges our thoughtful and disciplined approach,” said Joey Agree, President and Chief Executive Officer of Agree Realty Corporation. “This rating is a testament to both the strength of our balance sheet as well as the quality of our portfolio, and further solidifies our position as a leader in the net lease sector. As an investment grade company, we look forward to capitalizing on our enhanced flexibility and improved cost of capital.”

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. The Company currently owns and operates a portfolio of 468 properties, located in 44 states and containing approximately 9.2 million square feet of gross leasable space. The common stock of Agree Realty Corporation is listed on the New York Stock Exchange under the symbol “ADC”. For additional information, please visit www.agreerealty.com.

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Contact:

Clay Thelen

Chief Financial Officer

Agree Realty Corporation

(248) 737-4190