Cohen & Steers, Inc. Reports Significant Increase in Stake of Agree Realty Corp (ADC) to 14.93%

On May 15, 2026, Cohen & Steers, Inc. filed a Schedule 13G/A indicating a significant increase in its holdings of Agree Realty Corporation (ADC). The filing reports that as of March 31, 2026, Cohen & Steers, Inc. and its subsidiaries beneficially own 17,918,363 shares of common stock, representing a 14.93% ownership stake in the company. This is a substantial increase from the previously reported 0.0% ownership position. The reporting entities include Cohen & Steers Capital Management, Inc., which holds the majority of the shares (17,646,009), along with UK and Ireland-based subsidiaries. The filing specifies that Cohen & Steers, Inc. holds sole dispositive power over all 17,918,363 shares and sole voting power over 14,028,144 shares. The securities were acquired in the ordinary course of business and are not held for the purpose of influencing or changing the control of the issuer. This amendment marks a major accumulation of ADC shares by the global investment manager.