Agree Realty Corporation bonds ADC
Who owns Agree Realty Corporation's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. ADC stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 008513AB9 | 2% fixed | 2028-06-15 | USD | 95.17 | 4.72% | 52 bp | 10 | $5.2M | Jul 2026 |
| 008513AA1 | 2.9% fixed | 2030-10-01 | USD | 92.12 | 5.02% | 72 bp | 7 | $4.5M | Jul 2026 |
| 008513AD5 | 4.8% fixed | 2032-10-01 | USD | 97.55 | 5.27% | 86 bp | 11 | $21.1M | Jul 2026 |
| 008513AC7 | 2.6% fixed | 2033-06-15 | USD | 84.00 | 5.42% | 96 bp | 11 | $8.4M | Jul 2026 |
| 008513AF0 | 5.6% fixed | 2035-06-15 | USD | 100.50 | 5.53% | 98 bp | 7 | $18.7M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 5 | $57.9M | 95.17 | 5.27% | 86 bp | 11 |
| Jun 2026 | 5 | $146.4M | 95.17 | 5.02% | 74 bp | 24 |
| May 2026 | 5 | $122.9M | 95.21 | 4.96% | 70 bp | 19 |
| Apr 2026 | 5 | $58.3M | 94.99 | 5.01% | 94 bp | 11 |
| Mar 2026 | 5 | $136.0M | 94.68 | 4.98% | 99 bp | 24 |
| Feb 2026 | 5 | $120.6M | 95.88 | 4.49% | 64 bp | 18 |
| Jan 2026 | 5 | $61.6M | 95.58 | 4.67% | 72 bp | 10 |
| Dec 2025 | 5 | $140.3M | 95.31 | 4.67% | 80 bp | 26 |
| Nov 2025 | 5 | $118.6M | 95.21 | 4.56% | 71 bp | 19 |
| Oct 2025 | 5 | $81.6M | 94.78 | 4.63% | 81 bp | 10 |
| Sep 2025 | 5 | $138.6M | 94.38 | 4.69% | 83 bp | 27 |
| Aug 2025 | 5 | $108.7M | 94.29 | 4.86% | 85 bp | 18 |
| Jul 2025 | 5 | $80.8M | 93.47 | 4.99% | 83 bp | 11 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 24 added, 13 cut, 4 new holders and 1 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $38.9M | $39.6M | $3.9M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $29.3M | $29.0M | $0 |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $23.0M | $23.4M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $23.5M | $22.5M | $0 |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $18.2M | $17.4M | $0 |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $12.8M | $11.9M | $0 |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $12.0M | $11.6M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $10.5M | $10.6M | $210K |
| DoubleLine Low Duration Bond Fund DoubleLine Funds Trust | 2026-06-30 | $10.1M | $9.4M | $7.3M |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $9.2M | $8.6M | -$1.6M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $8.6M | $8.1M | $70K |
| Fidelity Investment Grade Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $6.8M | $7.0M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $6.9M | $6.6M | $825K |
| Nuveen Core Bond Fund TIAA-CREF Funds | 2026-06-30 | $6.8M | $6.5M | $0 |
| Fidelity Corporate Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $5.5M | $5.5M | $0 |
| Fidelity Real Estate Income Fund Fidelity Securities Fund | 2026-07-31 | $6.0M | $5.3M | $0 |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $5.3M | $5.2M | $570K |
| College Retirement Equities Fund - Core Bond Account College Retirement Equities Fund | 2026-06-30 | $5.1M | $4.9M | $0 |
| Allspring Core Bond Portfolio ALLSPRING MASTER TRUST | 2026-07-31 | $4.4M | $4.2M | $77K |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $4.4M | $4.0M | $29K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $4.2M | $3.9M | $345K |
| DoubleLine Shiller Enhanced CAPE DoubleLine Funds Trust | 2026-06-30 | $3.9M | $3.6M | $2.6M |
| Fidelity Series Corporate Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $3.7M | $3.6M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $3.7M | $3.5M | $621K |
| Fidelity Intermediate Bond Fund Fidelity Salem Street Trust | 2026-05-31 | $2.9M | $2.9M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Carillon Reams Core Bond Fund ($2.4M).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $38.9M | $39.6M | 0.06% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 4 | $23.5M | $22.5M | 0.01% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $10.5M | $10.6M | 0.02% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $9.2M | $8.6M | 0.02% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 5 | $8.6M | $8.1M | 0.01% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $6.9M | $6.6M | 0.04% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 3 | $5.3M | $5.2M | 0.04% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 4 | $4.4M | $4.0M | 0.03% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $4.2M | $3.9M | 0.02% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $3.7M | $3.5M | 0.02% |
| VUSB VANGUARD ULTRA-SHORT BOND ETF | 2026-06-30 | 1 | $3.0M | $2.9M | 0.03% |
| IBDT iShares iBonds Dec 2028 Term Corporate ETF | 2026-07-31 | 1 | $2.6M | $2.5M | 0.06% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $2.6M | $2.5M | 0.02% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 5 | $2.3M | $2.2M | 0.01% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $2.2M | $2.1M | 0.00% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 86 bp spread prices in about 1.4% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in ADC's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 47 | $51.8M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 486 | $9.44B | 8 | $19.6M | 10 | $29.1M | 0 |
| 2026-03-31 | 484 | $7.74B | 5 | $4.2M | 7 | $13.0M | 0 |
| 2025-12-31 | 476 | $8.19B | 4 | $3.1M | 6 | $10.1M | 0 |
| 2025-09-30 | 467 | $7.93B | 5 | $6.7M | 7 | $18.6M | 0 |
| 2025-06-30 | 462 | $8.14B | 5 | $6.7M | 7 | $16.6M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.