Joey Agree is the CEO and President of Agree Realty Corporation, a role he took on in January 2013. Before that, he was the President and Chief Operating Officer since 2009, showing he has been with the company for a...

Joey Agree is the CEO and President of Agree Realty Corporation, a role he took on in January 2013. Before that, he was the President and Chief Operating Officer since 2009, showing he has been with the company for a long time. His experience in real estate started even earlier when he worked at a major development firm. Joey is not just about business; he is also a member of the State Bar of Michigan, which gives him a unique edge in legal matters in the real estate space. In 2023, he earned a total compensation of $8.23 million, mostly through bonuses and vested stock awards. Notably, his leadership has seen the company thrive, achieving significant market value growth, particularly in the last few years. Under his guidance, Agree Realty has focused heavily on expansion and performance, marking a shift towards a more aggressive growth strategy. His family's legacy also plays a role here, as he is the son of the company’s former CEO, Richard Agree, which adds a personal layer to his leadership style. Overall, Joey combines legal knowledge, real estate expertise, and a strong family background, making him a central figure in the company’s ongoing success.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Agree Realty CEOs

A

Joey Agree

CEO of Agree Realty

Education

Law degree from Detroit College of Law

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Real Estate

Born

January 1, 1978 - 47 years ago

CEO of Agree Realty for

12 years 4 months (Jan 2013 - Present)

Previous Experience

Executive Vice President at Agree Realty Corporation

Rivals

Competitors/colleagues of Joey Agree

E

Peter M. Mavoides

CEO of Essential Properties Realty Trust

2023 Compensation

Stock

$0.00

Salary

$700.00K

Bonus

$1.72K

Other

$20.00

Total Holdings

$10.13M

W

Jason E. Fox

CEO of W.P. Carey Inc.

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$1.50M

Other

$33.00K

Total Holdings

$64.83M

V

Monica Howard Douglas

CEO of VICI Properties Inc.

2023 Compensation

Stock

$2.33M

Salary

$1.00M

Bonus

$0.00

Other

$27.68K

Total Holdings

$4.12M

R

John P. Case

CEO of Realty Income

2023 Compensation

Stock

$7.40M

Salary

$1.00M

Bonus

$4.06M

Other

$674.91K

Total Holdings

$9.09M

W

C. Douglas McMillon

CEO of Walmart

2023 Compensation

Stock

$0.00

Salary

$1.47M

Bonus

$0.00

Other

$199.58K

Total Holdings

$433.19M

R

Sumit Roy

CEO of Realty Income

2023 Compensation

Stock

$5.96M

Salary

$1.00M

Bonus

$4.06M

Other

$674.91K

Total Holdings

$23.97M

Holdings

See how much did Joey Agree make over time.

Joey Agree has had significant holdings in Agree Realty, with values fluctuating between $25 million and over $44 million in recent years. In 2019, his holdings peaked at over $27 million and have shown steady growth since. By 2023, the...

Joey Agree has had significant holdings in Agree Realty, with values fluctuating between $25 million and over $44 million in recent years. In 2019, his holdings peaked at over $27 million and have shown steady growth since. By 2023, the value reached approximately $34 million. His wealth is heavily tied to the company's stock performance, reflecting both his confidence in the business and his commitment to its long-term success. The steady increase in value over the years illustrates the positive trajectory of the company and Joey's strategic leadership. Despite fluctuations in value, his holdings have consistently represented a significant portion of his wealth, showcasing the alignment of his interests with that of the shareholders.

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Insider Trading

See recent insider trades of Joey Agree.

No insider trades found for this CEO.

Compensation History

See how much did Joey Agree make over time.

Joey Agree's compensation plan is designed to attract and retain top talent while aligning with the interests of shareholders. In 2023, his total compensation was $8,226,103, which included a base salary of $895,481 and a sizable bonus of $3,062,500, reflecting his performance as CEO. The bulk of his pay came from vested stock awards valued at around $4.39 million. His incentives are closely tied to company goals, with a focus on performance metrics that aim to boost shareholder value. Prior years have seen similar patterns, with substantial bonuses reflecting strong company performance and growth. His compensation is structured to encourage high performance, ensuring he has a vested interest in the company's continued success and alignment with shareholders' interests.

Year

2023

Total Compensation

$8.40M

Salary

$895.48K

Board Justification

The compensation philosophy is designed to attract and retain key executives while encouraging high performance and aligning executives’ interests with the interests of stockholders.

Bonus

$3.06M

Board Justification

The bonus is based on the company's performance metrics and individual performance goals, with actual bonuses earned disclosed in the Non-Equity Incentive Plan Compensation column of the Summary Compensation Table for 2023.

Other

$55.28K

Board Justification

Other compensation includes matching Simple IRA contributions, health insurance premiums, and car allowance.

Restricted Stock

$4.39M(59.9K restricted stock)

Board Justification

The stock awards that vested in 2023 include restricted stock and performance units, with the value realized based on the closing price of the stock on the vesting date.

Performance Metrics

Performance metrics include company performance goals and individual performance goals that determine the annual cash incentive awards.

Other Agree Realty CEOs

Here are other CEOs of Agree Realty

Richard Agree

Founder and Ex-CEO of Agree Realty

December 1993 - January 2013