<SEC-DOCUMENT>0001104659-22-085500-index.html : 20220803
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<ACCEPTANCE-DATETIME>20220803111016
ACCESSION NUMBER:		0001104659-22-085500
CONFORMED SUBMISSION TYPE:	424B5
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20220803
DATE AS OF CHANGE:		20220803

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AGREE REALTY CORP
		CENTRAL INDEX KEY:			0000917251
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				383148187
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-238729
		FILM NUMBER:		221131418

	BUSINESS ADDRESS:	
		STREET 1:		70 E. LONG LAKE ROAD
		CITY:			BLOOMFIELD HILLS
		STATE:			MI
		ZIP:			48034
		BUSINESS PHONE:		8107374190

	MAIL ADDRESS:	
		STREET 1:		70 E. LONG LAKE ROAD
		CITY:			BLOOMFIELD HILLS
		STATE:			MI
		ZIP:			48034
</SEC-HEADER>
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<TYPE>424B5
<SEQUENCE>1
<FILENAME>tm2222192d1_424b5.htm
<DESCRIPTION>424B5
<TEXT>
Document 1 - file: tm2222192d1_424b5.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>tm2222192d1_424b5img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 2 - file: tm2222192d1_424b5img001.jpg

</DOCUMENT>
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