    <SEC-DOCUMENT>0001104659-23-039614-index.html : 20230331
    <SEC-HEADER>0001104659-23-039614.hdr.sgml : 20230331
    <ACCEPTANCE-DATETIME>20230331073658
    ACCESSION NUMBER:		0001104659-23-039614
    CONFORMED SUBMISSION TYPE:	ARS
    PUBLIC DOCUMENT COUNT:		1
    CONFORMED PERIOD OF REPORT:	20221231
    FILED AS OF DATE:		20230331
    DATE AS OF CHANGE:		20230331
    EFFECTIVENESS DATE:		20230331

    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:		ARS
    		SEC ACT:		1934 Act
    		SEC FILE NUMBER:	001-12928
    		FILM NUMBER:		23783250

    	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>
    <DOCUMENT>
    <TYPE>ARS
    <SEQUENCE>1
    <FILENAME>tm233376d2_ars.pdf
    <DESCRIPTION>ARS
    <TEXT>
    Document 1 - file: tm233376d2_ars.pdf

    </DOCUMENT>
    </SEC-DOCUMENT>