Agree Realty Director Rakolta Buys 20,136 Shares for $1.5 Million
Rakolta's purchase increases his direct holdings to over 622,000 shares.
Overview
John Jr Rakolta, Director of Agree Realty (NYSE:ADC), purchased 20,136 shares of common stock for a transaction value of approximately $1.5 million, according to a SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average purchase price ($73.23); post-transaction value based on Aug. 28, 2026, market close ($73.20).
Details
Agree Realty maintains a substantial institutional-grade retail real estate portfolio generating approximately $779.6 million in TTM revenue with $217 million in net income. The company's net-lease business model provides structural advantages through tenant-funded property maintenance and capital expenditures, positioning it competitively within the retail REIT sector. With a market capitalization of $9 billion and operations across a geographically diversified footprint, Agree Realty demonstrates scale and operational resilience in the commercial real estate market.
Source
Originally published at www.fool.com.