Allspring Global Investments Reduces Stake in Agree Realty

Real estate investment trust sees 47.4% drop in shares held by major institutional investor

Apr. 4, 2026 at 7:29am

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Allspring Global Investments Holdings LLC, a major institutional investor, reduced its position in Agree Realty Corporation (NYSE:ADC) by 47.4% in the fourth quarter, according to a recent SEC filing. The fund now owns 320,172 shares of the real estate investment trust's stock, valued at $23.09 million.

Why it matters

This reduction in Allspring's stake in Agree Realty is noteworthy as it represents a significant shift in ownership for the REIT. Institutional investors like Allspring play a key role in the performance and direction of publicly traded REITs, so changes in their holdings can impact the stock price and overall market sentiment.

The details

According to the filing, Allspring Global Investments sold 288,858 shares of Agree Realty in the fourth quarter, reducing its total position to 320,172 shares. This represented about 0.28% of Agree Realty's outstanding stock at the time. The REIT focuses on acquiring, developing and managing a diversified portfolio of retail properties under long-term, triple-net leases.

  • Allspring Global Investments reduced its Agree Realty stake in the fourth quarter of 2025.

The players

Allspring Global Investments Holdings LLC

A major institutional investor that previously held a significant stake in Agree Realty Corporation.

Agree Realty Corporation

A publicly traded real estate investment trust that focuses on acquiring, developing and managing a diversified portfolio of retail properties.

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The takeaway

This reduction in Allspring's Agree Realty holdings highlights the fluid nature of institutional investment in REITs. While the reasons behind Allspring's decision are not entirely clear, it underscores the importance for Agree Realty to maintain strong relationships with its key shareholders and continue executing its growth strategy to attract new investors.