BLOOMFIELD HILLS, Mich., May 18, 2023
/PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the
"Company") today announced the release of its 2022 environmental,
social and governance ("ESG") report. The report is aligned with
the Sustainability Accounting Standards Board and the Task Force on
Climate-related Financial Disclosures frameworks.
"I'm very pleased to share our third annual ESG report," said
Joey Agree, President and Chief Executive Officer. "Led by our
Steering Committee, we have made significant progress on our ESG
objectives over the past year. Notable achievements include Gold
Level recognition from Green Lease Leaders, formalizing and
publishing ESG-related policies, and accounting for Scope 1, Scope
2, and certain Scope 3 emissions, including tenant emissions,
across our portfolio. These efforts demonstrate our continued
commitment to achieving our sustainability goals, which we believe
will create long-term value for all our stakeholders."
The report can be viewed and downloaded from the Company's
website at www.agreerealy.com/esg-report-2022.
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, 2023, the Company owned and
operated a portfolio of 1,908 properties, located in all 48
continental states and containing approximately 40.1 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," "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, 2022, 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.
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