Agree Realty Director Rakolta Buys 20,136 Shares for $1.5 Million
Rakolta's purchase increases his direct holdings to over 622,000 shares.
Agree Realty Director John Jr. Rakolta purchased 20,136 shares of the company's common stock recently, according to a SEC Form 4 filing. The total transaction value amounted to approximately $1.5 million, with the weighted average purchase price per share being $73.23. Despite this purchase, the post-transaction value of the shares was calculated at $73.20 based on the market close on August 28, 2026.
Agree Realty is known for its extensive retail real estate portfolio, which is estimated to generate around $779.6 million in the trailing twelve months (TTM) revenue, coupled with a net income of $217 million. The company's net-lease business model offers several advantages, enabling property maintenance and capital expenditures to be funded by tenants.
This competitive edge positions Agree Realty favorably within the retail REIT sector. With a market capitalization of $9 billion and a presence across various geographies, the company showcases its scale and operational resilience in the commercial real estate market.
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