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v3.25.3

Organization (Details) ft² in Millions | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2025 ft² property shares | Dec. 31, 2024 ft² property
Nature of Operations |  |
Number of Properties | property | 2,603 | 2,370
Total gross leasable area (GLA) | ft² | 53.7 | 48.8
Agree Realty Corporation | General Partner |  |
Nature of Operations |  |
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 99.70% | 99.70%
Agree Realty Corporation | Third party |  |
Nature of Operations |  |
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest | 0.30% | 0.30%
Common stock conversion ratio | 1 |
Number of common stock outstanding if non-controlling units were exchanged | shares | 114,481,870 |
Common Stock |  |
Nature of Operations |  |
Equity interest basis | 1 |
Series A Preferred Stock |  |
Nature of Operations |  |
Equity interest basis | 1 |
Series A Preferred Stock | Agree Realty Corporation | General Partner |  |
Nature of Operations |  |
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 100.00% |

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