ROYAL
OAK, Mich., June 26,
2024 /PRNewswire/ -- Agree Realty Corporation
(NYSE: ADC) (the "Company") today announced the release of its
2023 Sustainability Report. The report highlights the Company's
environmental, social and governance ("ESG") initiatives and is
aligned with the IFRS, SASB and TCFD frameworks.
"I'm very pleased to share our fourth annual Sustainability
Report," said Joey Agree, President and Chief Executive Officer.
"We continue to make considerable progress on our ESG initiatives
as we proactively engage with our tenants on sustainability and
green leasing, while enhancing our reporting to begin aligning with
the International Sustainability Standards Board's IFRS S1 and S2
Standards. The progress we have made this past year is demonstrated
by the recognition received from several agencies and
organizations. We were awarded Gold Level recognition from Green
Lease Leaders for the second consecutive year and achieved improved
ratings from GRESB, MSCI and ISS. We will continue to engage with
our tenants and key stakeholders to advance our sustainability
initiatives while creating long-term value for all our
stakeholders."
The report can be viewed and downloaded from the Company's
website at https://agreerealty.com/sustainability-report-2023/.
About Agree Realty Corporation
Agree Realty Corporation is a publicly traded real estate
investment trust that is
RETHINKING RETAIL through the
acquisition and development of properties net leased to
industry-leading, omni-channel retail tenants. As of
March 31, 2024, the Company owned and
operated a portfolio of 2,161 properties, located in 49 states and
containing approximately 44.9 million square feet of gross leasable
area. The Company's common stock is listed on the New York
Stock Exchange under the symbol "ADC". For additional
information on the Company and
RETHINKING RETAIL, please visit
www.agreerealty.com.
Forward-Looking Statements
This press release may contain forward-looking statements,
including statements about the future impact of the Company's
current ESG initiatives, within the meaning of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended. The Company intends
such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 and includes this
statement for purposes of complying with these safe harbor
provisions. Forward-looking statements are generally identifiable
by use of forward-looking terminology such as "may," "can," "will,"
"should," "potential," "intend," "expect," "seek," "anticipate,"
"estimate," "approximately," "believe," "could," "project,"
"predict," "forecast," "continue," "assume," "plan," "outlook" or
other similar words or expressions. Forward-looking statements are
based on certain assumptions and can include future expectations,
future plans and strategies, financial and operating projections or
other forward-looking information.
Although these forward-looking statements are based on good
faith beliefs, reasonable assumptions and the Company's best
judgment reflecting current information, you should not rely on
forward-looking statements since they involve known and unknown
risks, uncertainties and other factors which are, in some cases,
beyond the Company's control and which could materially affect the
Company's results of operations, financial condition, cash flows,
performance or future achievements or events. Such risks and
uncertainties include the risks noted in reports that we file with
the U.S. Securities and Exchange Commission (the "SEC"), including
the Risk Factors identified in our Annual Report on Form 10-K for
the year ended December 31, 2023, as
well as additional factors we may describe from time to time in
other filings with the SEC. Additional important factors, among
others, that may cause the Company's actual results to vary include
the general deterioration in national economic conditions,
weakening of real estate markets, decreases in the availability of
credit, increases in interest rates, adverse changes in the retail
industry and the Company's continuing ability to qualify as a REIT
and other factors discussed in the Company's reports filed with the
SEC. The forward-looking statements included in this press release
are made as of the date hereof. Unless legally required, the
Company disclaims any obligation to update any forward-looking
statements, whether as a result of new information, future events,
changes in the Company's expectations or assumptions or
otherwise.
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SOURCE Agree Realty Corporation