Duff & Phelps Boosts Stake in Agree Realty Corporation

Investment firm increases holdings in real estate investment trust by 311%

Published on Mar. 12, 2026

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Duff & Phelps Investment Management Co. has significantly increased its stake in Agree Realty Corporation (NYSE: ADC), a real estate investment trust (REIT) focused on acquiring and managing retail properties. According to a recent SEC filing, Duff & Phelps lifted its holdings in Agree Realty by 311% during the third quarter, adding 634,520 shares to bring its total position to 838,570 shares, or 0.73% of the company.

Why it matters

Agree Realty is a prominent REIT in the retail real estate sector, and institutional investors closely watch changes in major shareholders' positions. Duff & Phelps' substantial increase in its Agree Realty stake suggests the investment firm sees significant upside potential in the REIT's portfolio and growth prospects.

The details

Duff & Phelps, an asset management firm, now owns 838,570 shares of Agree Realty, worth approximately $59.6 million based on the REIT's current stock price. This represents a 311% increase from the previous quarter, when Duff & Phelps held 204,050 shares. The investment firm is now one of Agree Realty's largest institutional shareholders, owning 0.73% of the company's outstanding stock.

  • Duff & Phelps increased its Agree Realty stake during the third quarter of 2026.

The players

Duff & Phelps Investment Management Co.

An asset management firm that has significantly increased its stake in Agree Realty Corporation, a real estate investment trust focused on retail properties.

Agree Realty Corporation

A real estate investment trust that acquires and manages a diversified portfolio of retail properties, primarily under long-term, triple-net leases.

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The takeaway

Duff & Phelps' substantial increase in its Agree Realty holdings suggests the investment firm sees strong growth potential in the REIT's retail real estate portfolio, underscoring the continued investor interest in the sector despite broader economic uncertainty.