Richard Agree, a graduate of Detroit College of Law, is an experienced leader in the real estate sector. Born in 1945, he began his career well before becoming the CEO of Agree Realty Corporation in 1993. His significant experience includes...

Richard Agree, a graduate of Detroit College of Law, is an experienced leader in the real estate sector. Born in 1945, he began his career well before becoming the CEO of Agree Realty Corporation in 1993. His significant experience includes being involved in the management of properties and roles at the company since its inception. In 2013, he transitioned from CEO to Executive Chairman, passing the torch to his son, Joey Agree. Richard's management style emphasized company performance that directly impacted his compensation. For instance, in 2012, he declined an annual cash bonus, and in 2013, his total compensation was lower than in previous years, reflecting his focus on the transition and the business's needs. Under his leadership, Agree Realty Corporation grew significantly, proving his effective oversight. He is also a member of the State Bar of Michigan and has connections with the International Council of Shopping Centers, highlighting his commitment to the industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Agree Realty CEOs

A

Richard Agree

Founder and Ex-CEO of Agree Realty

Education

Graduate of the Detroit College of Law

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Real Estate

Born

January 1, 1945 - 80 years ago

CEO of Agree Realty for

19 years 1 month (Dec 1993 - Jan 2013)

Previous Experience

Managing partner of the general partnerships that held the Company's properties prior to its formation

Rivals

Competitors/colleagues of Richard 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 Richard Agree make over time.

At one point, Richard Agree had a substantial stake in Agree Realty Corporation, particularly when he was awarded 20,000 shares of restricted stock in 2010 based on the company's performance. His holdings reflected his commitment to the company's growth, showcasing...

At one point, Richard Agree had a substantial stake in Agree Realty Corporation, particularly when he was awarded 20,000 shares of restricted stock in 2010 based on the company's performance. His holdings reflected his commitment to the company's growth, showcasing that he believed in the company's vision. For example, in 2011, he realized over $440,000 from vested stock, a clear indicator of the company’s profitability. However, as he transitioned to Executive Chairman in 2013, his personal stake changed, with a total compensation of $700,200 that year, down from over $785,000 in 2012. This shift indicated a strategic focus on leadership succession while maintaining a keen interest in the company's performance.

Mar 18, 2025

A

shares

ADC @ $77.02

Charitable Transactions

ADC

3,534 shares

ADC

Recent Charitable Transactions

ADC

3,534 shares

ADC

Nov 20, 2023

Charity

Insider Trading

See recent insider trades of Richard Agree.

ADC

$888.00K

ADC at $55.50/share

Feb 29, 2024

Purchase

ADC

9,198 shares

ADC

Feb 23, 2024

Received

ADC

$656.99K

ADC at $62.57/share

Jan 10, 2024

Purchase

ADC

3,534 shares

ADC

Nov 20, 2023

Charity

ADC

$1.16M

ADC at $63.70/share

Aug 3, 2023

Purchase

ADC

$739.73K

ADC at $62.95/share

Aug 2, 2023

Purchase

ADC

5,957 shares

ADC

Feb 23, 2023

Received

ADC

6,971 shares

ADC

Feb 23, 2022

Received

ADC

$402.36K

ADC at $67.06/share

Sep 28, 2021

Purchase

ADC

$637.70K

ADC at $63.77/share

Mar 2, 2021

Purchase

Compensation History

See how much did Richard Agree make over time.

Richard Agree's compensation reflects his long-standing role at Agree Realty Corporation, with notable changes during his tenure. In 2013, he earned $700,200, which included a base salary of $150,000, but no bonuses as he moved into an Executive Chairman role. His earnings peaked in 2011 at around $833,520, substantiated by a significant stock award system that resembled his belief in aligning executive pay to performance. For many years, he chose to receive portions of his compensation in restricted stock instead of cash bonuses, which showcased his confidence in the future success of the company. His strategy focused not only on his personal compensation but also on delivering long-term value to shareholders and aligning directors' interests, fostering a performance culture at the company.

Year

2013

Total Compensation

$150.00K

Salary

$150.00K

Board Justification

The compensation philosophy aims to attract, retain, and motivate key executives while aligning their interests with those of the shareholders.

Bonus

$0.00

Board Justification

No bonus was awarded in 2013 due to the change in role from CEO to Executive Chairman.

Other

$0.00

Board Justification

No other compensation was reported for 2013.

Restricted Stock

$0.00(0 Restricted Stock)

Board Justification

No stock was vested in 2013 as the focus was on the transition to Executive Chairman.

Performance Metrics

Performance metrics included company performance objectives set forth in the annual budget.

Other Agree Realty CEOs

Here are other CEOs of Agree Realty

Joey Agree

CEO of Agree Realty

January 2013 - Present