Cohen & Steers, Inc. filed Amendment No. 5 to Schedule 13G with the SEC on November 13, 2026, disclosing beneficial ownership of 14,599,197 shares of Agree Realty Corporation common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Cohen & Steers, Inc. reported beneficial ownership of 14,599,197 shares of Agree Realty Corporation common stock, representing 11.74% of the class.
  • Voting power: Cohen & Steers, Inc. holds sole voting power over 11,133,247 shares and shared voting power over 0 shares, according to the filing.
  • Dispositive power: The filing discloses sole dispositive power over all 14,599,197 beneficially owned shares, with no shared dispositive power.
  • Subsidiary ownership: Cohen & Steers Capital Management, Inc. reported beneficial ownership of 14,202,571 shares (11.42% of the class), while Cohen & Steers UK Limited reported 339,233 shares (0.27%) and Cohen & Steers Ireland Limited reported 57,393 shares (0.05%).
  • Parent structure: According to the filing, Cohen & Steers, Inc. holds a 100% interest in Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd., Cohen & Steers Asia Ltd., and Cohen & Steers Ireland Ltd.
  • Triggering event date: The date of the event requiring this filing is stated as September 30, 2026.

Cohen & Steers Entities Disclose Combined Position in Agree Realty as of September 30, 2026

According to the Amendment No. 5 to Schedule 13G filed November 13, 2026, Cohen & Steers, Inc., a Delaware corporation headquartered at 1166 Avenue of the Americas, 30th Floor, New York, NY 10036, reported aggregate beneficial ownership of 14,599,197 shares of Agree Realty Corporation (CUSIP 008492100) common stock. The filing identifies the triggering event date as September 30, 2026, and states that the percent of class represented by this amount is 11.74%.

The filing covers five reporting persons under a single Schedule 13G submission. Cohen & Steers Capital Management, Inc., a New York corporation and investment adviser, reported beneficial ownership of 14,202,571 shares with sole voting power over 10,876,093 shares and sole dispositive power over 14,202,571 shares, representing 11.42% of the class. Cohen & Steers UK Limited, organized in the United Kingdom, reported beneficial ownership of 339,233 shares (0.27% of the class), with sole voting power over 199,761 shares. Cohen & Steers Ireland Limited, organized in Ireland, reported 57,393 shares (0.05% of the class). Cohen & Steers Asia Limited, organized in Hong Kong, reported 0 shares beneficially owned.

The filing states that each of Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd., Cohen & Steers Asia Ltd., and Cohen & Steers Ireland Ltd. "holds the securities of the Issuer to which this statement relates for the benefit of their respective account holders," who retain the right to receive dividends or proceeds from any sale. The certifying signatories affirmed that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

What Was Disclosed

Cohen & Steers, Inc. and four subsidiaries filed an amended Schedule 13G disclosing combined beneficial ownership of 14,599,197 shares of Agree Realty Corporation common stock, equal to 11.74% of the class, as of September 30, 2026. All voting and dispositive power is held on a sole, not shared, basis at the parent level.