Joel Agree is President and Chief Executive Officer of Agree Realty Corp. (ADC). The company reported total compensation of $10,957,876 for fiscal year 2025.
| Salary | $921,808 |
|---|---|
| Bonus | $0 |
| Stock awards | $6,923,608 |
| Option awards | $0 |
| Non-equity incentive plan | $3,053,253 |
| Pension and non-qualified deferred compensation | $0 |
| All other compensation | $59,207 |
| Total | $10,957,876 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure Agree Realty Corp. filed April 2, 2026, accession 0000917251-26-000031.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | President and Chief Executive Officer | $921,808 | $0 | $6,923,608 | $0 | $3,053,253 | $0 | $59,207 | $10,957,876 |
| FY2024 | President and Chief Executive Officer | $900,000 | $0 | $4,577,312 | $0 | $2,821,794 | $0 | $52,590 | $8,351,696 |
| FY2023 | President and Chief Executive Officer | $895,481 | $0 | $4,212,330 | $0 | $3,063,015 | $0 | $55,277 | $8,226,103 |
| FY2022 | President and Chief Executive Officer | $875,000 | $0 | $3,666,730 | $0 | $3,062,500 | $0 | $51,842 | $7,656,072 |
| FY2021 | Chief Executive Officer and President | $875,000 | $0 | $3,499,957 | $0 | $2,947,365 | $0 | $50,180 | $7,372,502 |
| FY2020 | Chief Executive Officer and President | $792,788 | $1,500,000 | $3,500,056 | — | $1,446,744 | — | $46,025 | $7,285,613 |
| FY2019 | Chief Executive Officer and President | $664,615 | — | $3,500,016 | — | $1,195,000 | — | $45,793 | $5,405,424 |
Totals as disclosed in each year's own compensation disclosure for Agree Realty Corp..
| Peer-group chief executive median | $9,682,463 |
|---|---|
| Difference from that median | $1,275,413 |
| Percentile within the disclosed peer group | 75th |
| Peers with a disclosed figure | 16 |
Medians and percentiles are computed across the peer group Agree Realty Corp. discloses in its own compensation disclosure.
| Named executive officer | Role | FY2025 total |
|---|---|---|
| Joel Agree this page | President and Chief Executive Officer | $10,957,876 |
| Nicole Witteveen | Chief Operating Officer | $2,202,957 |
| Peter Coughenour | Chief Financial Officer and Secretary | $2,189,429 |
| Craig Erlich | Chief Growth Officer | $1,957,621 |
| Danielle Spehar | General Counsel | $1,432,731 |
The company's named executive officers for fiscal year 2025, and what it reported for each. See the full Agree Realty Corp. compensation brief.
Joel Agree's compensation sits inside Agree Realty Corp.'s full executive and board picture — the peer group, pay against peers, incentive design and the board itself.