<SEC-DOCUMENT>0001104659-24-024983-index.html : 20240216
<SEC-HEADER>0001104659-24-024983.hdr.sgml : 20240216
<ACCEPTANCE-DATETIME>20240216170413
ACCESSION NUMBER:		0001104659-24-024983
CONFORMED SUBMISSION TYPE:	424B5
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20240216
DATE AS OF CHANGE:		20240216

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AGREE REALTY CORP
		CENTRAL INDEX KEY:			0000917251
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				383148187
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-271668
		FILM NUMBER:		24649351

	BUSINESS ADDRESS:	
		STREET 1:		32301 WOODWARD AVENUE
		CITY:			ROYAL OAK
		STATE:			MI
		ZIP:			48073
		BUSINESS PHONE:		248-737-4190

	MAIL ADDRESS:	
		STREET 1:		32301 WOODWARD AVENUE
		CITY:			ROYAL OAK
		STATE:			MI
		ZIP:			48073
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B5
<SEQUENCE>1
<FILENAME>tm245802d1_424b5.htm
<DESCRIPTION>424B5
<TEXT>
Document 1 - file: tm245802d1_424b5.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>2
<FILENAME>tm245802d1_ex-filingfees.htm
<DESCRIPTION>EX-FILING FEES
<TEXT>
Document 2 - file: tm245802d1_ex-filingfees.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>tm245802d1_424b5-img01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 3 - file: tm245802d1_424b5-img01.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>tm245802d1_424b5-img02.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 4 - file: tm245802d1_424b5-img02.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>tm245802d1_424b5img01.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
Document 5 - file: tm245802d1_424b5img01.jpg

</DOCUMENT>
</SEC-DOCUMENT>