Agree Realty (NYSE: ADC) has completed its public offering of 5,060,000 shares of common stock, including the underwriters' full exercise of their option. The company entered into forward sale agreements with Citibank and Wells Fargo Bank at $74.00 per share, less underwriting fees. The settlement is expected by December 31, 2025. The net proceeds will be used for general corporate purposes, including property acquisitions, development activity, and debt repayment under its revolving credit facility. The forward sale structure allows ADC to set the price now while delaying share issuance until funding needs arise.