Agree Realty to join S&P MidCap 400 on Feb 6, 2023

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Agree Realty to join S&P MidCap 400 on Feb 6, 2023

Agree Realty Corp., ADC, a member of the S&P SmallCap 600, is set to join the S&P MidCap 400 on February 6, 2023.

Agree Reality will replace STORE Capital Corp. STOR in the MidCap 400 index, while Comstock Resources Inc. CRK will replace Agree Reality in the SmallCap 600, according to a statement issued by S&P Dow Jones Indices.

The S&P MidCap 400 is a benchmark index published by Standard Poor s that consists of 400 companies with a market value of between $3.6 billion and $13.1 billion. The index was launched in 1991.

In 1994, the company was incorporated as a Real Estate Investment Trust REIT with an initial public offering of 2.5 million shares.

Agree Realty is an industry leader in the acquisition and development of properties leased to retailers in the United States. The industry is worth over $8 billion, according to the company's website.

As of December 2023, Agree Realty owned and operated a portfolio of 1,839 properties in 48 continental states, encompassing more than 38 million square feet of gross leasable space.

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