| Benford Chart for ADC 10K Filed 2/10/2026 | ||||||||||||||||||||||||||||||||||||
Total numbers found: 1,482 Recent share count: 114,934,390 (1's column) ■ = Typical range across full coverage universe | ||||||||||||||||||||||||||||||||||||
| # of Numbers Found in Filing | |||
|
On this page of Benford's Law Stocks.com we present our study of AGREE REALTY CORP — ticker symbol ADC. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 5/3/2021 to 2/10/2026
for AGREE REALTY CORP under CIK number 0000917251.
For filings made in XBRL (eXtensible
Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL
filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format
found for each filing is presented below together with the results for ADC, with the percentage of found numbers beginning with each digit
(1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as
well as the "normal" range for AGREE REALTY CORP based on the past ADC filings our system processed in the past.
| Benford's Law Stocks Score for ADC = 96 | ||
Starting from a possible score of 100, we made the following score deductions: • We deducted points upon observing the 6's percentage was above the typical coverage universe range. • We deducted points upon observing the 7's percentage was above the typical coverage universe range. |
| ADC's Score Vs. Typical Stock | |||
|
Check our work! We provide our AGREE REALTY CORP Benford's Law analysis for informational purposes only, and our software should be expected to
make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating
the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the ADC filing
above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also
be helpful for exploring any columns in particular that caught your eye.
| 1's | 2's | 3's |
|---|---|---|
| We found 421 numbers that start with the digit 1. Here they are: 120,028,299 16,295 122,477 106,416 1,000,967 158,000 139,384 116,273 175,000 175,000 180,000,000 120,028,406 107,248,705 12 10 168 1,618 1,664 176,277 11,872 11,508 1,849 134,612 108,904 1,735 189 189,832 170,547 189,197 169,959 196,912 181,760 162,522 1.77 1.79 1.70 1.77 1.78 1.70 189,832 170,547 163,527 199,779 162,962 110,723,375 101,099,252 111,200,645 101,876,304 175,000 1,392 10,267,768 1 129,775 14,832 11 11 1,015 162,522 170,547 175,000 100,519,355 10 16,554 147,656 10,830 10,830 1,042 181,760 189,832 175,000 107,248,705 10 12,693,519 153,925 16,419 13,041 13,041 1,071 16 196,912 175,000 120,028,406 12 168 1.063 1.063 1.063 189,832 170,547 176,277 12,991 10,805 17,356 12,711 12,142 11,872 13,551 11,508 1,849 1,183 12,089 121 14,251 10,384 1,438,093 1,206,025 1,599 1,957 145,436 100,108 1,670 13,843 1,543,132 1,274,997 1,072,000 1,231,000 1,141,000 1,104,000 1,026 1,068 1,041 1,012 11,948 1,053,219 14,223 14,385 14,524 14,524 129,149 101,808 1,614 15,143 14,006 100 120,376,025 113,483 121,654 111,670 100,344 16,295 15.8 189,197 169,959 196,912 181,760 162,522 196,465 181,275 162,117 110,976,092 101,366,693 110,723,375 101,099,252 110,723,375 101,099,252 131,261 148,228 18,463 1,114 111,200,645 101,876,304 111,548,264 102,223,923 145,584 10 185 1.0 1.1 1,735 101.8 123.7 1.6 1.7 1,790 1,202 1,197 191 195 125 15,143 11,945 1,854 1,919 1,896 1,886 1,651 12,688 16,493 1,100 1,133 1,181 1,004 14,705 189 189 188 187 186 12 12 13 15 19 104,753 1,448,066 14 13 13,843 11,508 1,849 12 11,872 11,000 18,839 1,654 1,332 1,694 1,926 160 10 160 160 100,000 100,000 125,000 125,000 125,000 125,000 13.6 158,000 158,000 1.25 140 1.00 140 10 10 1,575,000 1,575,000 180 1,600,000 106.2 1.0625 10,217,973 10,217,973 1,000.0 10,409,017 10,409,017 1,250.0 10,598,037 1.0625 174 150.0 150.0 150.0 150.0 13.6 13 11 17,526 1,627 1,911 17.9 17,526 158,000 158,000 1,721,199 183 15 194 101 17 193 111 157 150 150 18,467 1.1 1.3 1.1 112,734,863 112,996,159 171,327,188 14,145,037 153 161,114 127,419,536 116,290,885 168,284,646 1,247,842 168,231,535 19 1,159,586 107,146,858 107,776,514 175,705,365 12,828,996 18,218,204 18,197,839 138 170,847,249 12,154,598 170,897,386 128 1,862,876 1 1,955 16,723,441 16,760,705 166 191,866,438 191,337,806 156,188,687 1,748,305 157,961,590 199,451,267 12,622,766 16,239,684 1,193,886 16,819,993 149,575,667 150,292,903 199,075,074 17,150,271 125,921,288 13,721,545 166,175,514 1,316,076 167,309,288 18,615,737 11,971,461 1,396,778 118,314,063 177,375 169,040,281 149 132,390,772 130,032,858 135,923,614 136,931,029 11,132,184 170,931,630 171,680,442 17,686,052 198,738,969 1,023,154 1,023,154 16 16,992 13,959 11,349,190 1,327,816 11 18,306,945 18,973,250 164,560,966 100,251,249 16,336,567 179,736,006 101,412,776 14,916,027 103 11,300,000 139,415,959 1,375,958 139,474,130 139 149,429,059 148,681,825 12 1,954,552 164 153,988,586 155,401,951 107,104,894 107,409,002 135,598,670 10,855,706 13 1,709,328 118 138,254,794 134,947,258 14,676,883 14,676,468 177,664,969 179,844,062 12 18,522,813 18,758,318 126,285,426 126,720,484 177,501,657 18,291,907 169 184,881,006 11,245,152 185,338,871 125,127,393 126,083,394 198,288,841 14,813,803 19,732,298 19,732,298 199,650,956 1,745,471 1,745,470 108,846,625 133,867 1,431,835 108,980,492 1,360,816,245 1,135,848,799 14,653,327 11,224,043 159,745,691 138,426,235 115,969,605 1,607,706 10.70 | We found 238 numbers that start with the digit 2. Here they are: 2,895,495 2,514,167 2,584,608 2,237,759 27,842 2,975,785 25,000 235 273 26,349 24,961 2,143 239,308 206,987 284,957 254,387 2,910 204,989 204,349 204,989 2,781 2,519 26,383 200,403 213,434 212,719 228,132 23,551 2,684 2,684 280,863 281,878 23 2,281 2,281 25 25 23,522 23,602 2 204,989 2.919 204,989 239,308 206,987 2,027 2,404 2,281 2,684 28,958,094 28,795,594 277,676 28,909 20,622 2,794 2,736 27,222 24,914 2,785 2,674 211,887 268,065 20,622 23.0 204,349 252,717 267,441 240,059 260,567 201,744 21.0 20.8 2,170 2,586,332 23.3 21.0 2.1 2 2 252 2,794 2,736 27,393 20,106 201 201 201 202 205 2,532 2,674 2,370 242 232,283 235,916 21 21 25 20 22 26 2.7 2.61 2,548 2.11 2.00 2.90 2.13 2.60 2,610,000 2,260,000 25,392 22,241 2,584,608 2,237,759 2.00 275.0 25,000 25.00 25.00 25.00 2.919 262 2.619 2.638 2.498 2.994 2.672 2.8 200.0 2.7 2,814 2,814 2,814 2,057 2,814 2,584,608 2,548,907 2,237,759 2,078,885 2,000,000 2.3 2.7 218 20 20.0 23.6 2.2 2 21 213 23 28 26 23,389 2 29 231,361,808 232,662,761 22,330,970 28 25,246 25,755,050 2,075,588 252,191,971 264,296,432 286,763,380 288,621,022 202,540 20,091,375 2,620,333 27,679,156 28,176,183 226,330,021 2,566,165 25,421 2,566,165 23 21,649,140 203,936,402 210,216,963 2,325,263 201,058,926 258,554,952 21,842,576 2 22,469 2,504,785 2,881,071 2,826,071 23,964,700 23,964,701 2,477,293 281,148,782 25 22,400,000 27,987,689 29,942,239 28,194,669 299,107 28,189,668 29,320,378 29,320,538 25,414,355 26,236,242 2,920,257 2,173,623 224,191,245 21,282,530 235,505 22,134,530 2,369,011 20,250,913 20,043 20,230,870 28,106,028 20,448,103 20,448,103 27,002,784 22 213,281 21,133,370 21,235,684 2,251,869 201,958,106 263,787,826 21,485,299 2 210,772 2,880,831,341 2,892,177,938 23,293,900 23,427,768 26,744,387 2,884,147,960 2,895,494,557 2,580,729 2,425,088 | We found 199 numbers that start with the digit 3. Here they are: 348,074 347,452 320,500 32,158 3,526,459 360,000,000 35,506 33,773 37,233 34,788 383,389 326,293 30 340,395 302,243 3,770 36,780 346,473 39,318 305,909 306,951 3,740 3,740 344,965 346,036 35,506 3.000 3.081 36,414 33,236 33,096 30 391,598 3,740 350,000 397,188 340,652 303,604 3,546 3,709 3,065 3,198 31,538 3 38,857 39,917 36,393 30,950 3,868 35,302 39,519 347,619 347,619 347,619 36.2 33.1 3 3,198 36,599 3,471 3,102 3,173 305 376,055 3.7 3 3.32 350.0 320.5 3.67 3.73 3.63 350,000 350,000 350,000 350,000 348,074 347,452 350.0 3.57 350.0 3.22 350.0 350.0 3.57 350.0 350.0 3.22 350,000 350,000 3.49 350,000 350,000 3.96 300,000 300,000 300,000 300,000 397.2 325.0 3.94 320,500 320,500 3.77 320,500 321,128 3,322,750 3,323,378 350.0 360 381.2 366.6 385.8 330.3 3.081 3.000 356 3.072 350.0 350.0 3.57 325.0 325.0 350.0 350.0 3.22 3.3 3.8 32,060 3.3 348,074 348,074 347,452 347,452 320,500 320,500 3.1 31 34 32 33 34 31 35 333,623 3 3,657,890 3,658,043 37,421,655 3,414,250 33,961,621 33,931,265 33,427,076 33,427,077 35,515,003 375,812,064 30,106,116 3,330,669 37,265 3,330,670 364,852,910 370,163,076 39,978,630 33 353,838 344,842,747 368,849,801 38,803,924 38,536,521 30,175,460 30,192,452 38,256,584 32,803,786 32,726,744 321,735,777 323,053,564 31,475,778 305,062,596 305,282,843 34,417,480 39,909,609 3,882,141 348,204,577 3,656,752 350,447,964 39,855,010 325,830,203 328,419,664 35,136,372 3,376,212 3,376,212 30 337,247 3,091,512 3,302,285 396,340 3,316,619 3,316,619 321,141,833 |
| 4's | 5's | 6's |
|---|---|---|
| We found 149 numbers that start with the digit 4. Here they are: 4,327 461,419 41,546 42,210 49,797 46,003 46,249 4,000,000 470,622 40,076 46,882 40,092 44,062 4,306 4,501 4,658,570 4,630,390 402,938 402,938 470,622 40,076 4,570 4,586 4,737 4,355 4,800 431,972 447 42,067 402,938 444,722 445,310 42,587 46,805 46,889 44,001 40,097 466,395 4,923 4,344 444,650 4,327 447 485 405 43,393 42,908 497,506 46.5 47.5 4.6 4.5 4.1 48.8 423 42,067 42.9 42.9 42,250 42,250 42,878 43,904 41,546 42,210 4.37 4.02 4.16 4.16 4.26 4.26 4.42 4.42 4.19 4.19 4.32 4.32 4.42 4.47 4.80 450,000 450,000 400,000 400.0 4.50 4.50 410,000 410,000 492,250 492,250 475,000 475,000 4,150,000 4.25 4,444,245 4,444,245 4,275,968 403.8 415.4 453 4.51 4.4 41,546 40,859 42,210 40,591 4.6 4.2 4.5 4.4 4.7 47 42 4,024,748 4,024,748 40,157,460 44 400,894,296 435,193,818 4,781,534 41,514,275 41,489,677 43 49 48,782,171 42 498,882,659 481,409 473,271 42,937,951 4,723,688 462,527,694 453,964,668 47 40,082,009 41,791,177 463,366,922 40,912,710 44,352,653 44,347,183 446,577,169 457,364,456 4,101,663 4 4,679,046 42,878,000 42,878,000 40,266,700 433,957,769 433,957,769 | We found 123 numbers that start with the digit 5. Here they are: 50 50 5,088,774,755 5,412,564 564,429 55,806 576,945 5,765,582 5,510,046 5,510,661 537,403 537,495 52,231 5,416 588 565 588 5,354,120 5,200,153 5,765,582 5,510,661 51,324 50 50 5,416 5,086 5,743 504,136 5,527 50,000 55.5 58,396 5,621 56,524 534,572 5,702 556,845 5 558,200 566,668 538,972 5,807,410 58 5,634 55.5 537,049 5,416 5 500.0 500.0 50,000 50,000 50,000 5.65 5.63 5.35 5.60 5.600 50.0 50,000 50,000 5,750,000 5,060,000 5,175,000 5,846,998 538.3 550,000 5,972 5,109 5,972 5,972 5,215 5,972 5.8 56 57.51 5 5 59.16 51 57.51 58,258,702 58,331,029 56 57,261,268 58,420,853 5,903,321 5,337,026 5,338,981 5,338,981 561,500,882 55,835,404 56,448,981 50,048,333 548,926 58,838,431 59,020,733 5 55,927,750 56,193,251 5,955,038 55,921,335 57,490,720 57,496,026 5,232,131 5,254,600 56 56,655,563 57,336,456 526,987 505,849,915 5,356,208 51,864,191 50,781,173 56,072,779 5 51,644,901 51,879,834 5,039,287 5,047,755 564,429,282 5,861,116 564,429,282 | We found 123 numbers that start with the digit 6. Here they are: 6,330,249 62,690 6,399 60,189 6,679,142 618,675 6,270,985 615 6,271,153 616,822 617,095 67 640 635 624 689,896 689,897 6,997 6,630,112 635 615 640 6,679,142 618,675 6,271,153 6,323 67 6,582 689,896 6,076 6,857 6,399 6,399 620 620 620 6,621 66,544 6,173 6,821 65,170 6,050 60,189 6,399 6,399 67,361 6 637,831 60,694 655,112 697,557 660,405 607,530 647 6,644 6 6,250 6.27 628 60,000 60,000 625.0 628 628 660,000 675,000 670.3 6,630,112 6,117,768 6,213 6.5 65.46 63.95 69.12 68.85 68 69.33 63.63 63.65 65.43 65.54 66.65 6 63.42 67.50 68.59 61.91 69.73 63.42 68.59 67.64 69 67,928,851 629,656 67,928,851 6 6,508,408 62,032,475 62,120,812 628,000 60 67,229,478 67,005,373 6,277,754 666,306 603,851 647,960 642,703,327 6,554,681 6,554,681 64,075,345 64,288,626 61,885,001 61,829,720 6,209,321,399 6,306,821,427 62,690,174 62,690,174 62,690,174 6,295,305,473 6,392,939,369 6,062,209,367 6,347,016 |
| 7's | 8's | 9's |
|---|---|---|
| We found 110 numbers that start with the digit 7. Here they are: 715,733 7,362,302 7,418,108 7,000 718,163 718,398 7,224 7,175 799 7,437 7,437 7,437 715 7,000 7,437 7,437 7,020 7,437 7,000 7,437 7,437 7,437 7,000 7,437 7,437 7,437 7,000 7,409 7,224 7,175 7,437 7,437 7,437 70,789 77,069 73,371 73,887 77.3 7,437 7,437 7,437 75,223 70.8 737,581 71,163 716,614 763 705 7.42 7,224 7,175 73.3 72.5 72.5 72.5 72.5 77.5 750,000 7,000,000 750.0 705.3 7,633,519 757 757 7.5 73.15 72.83 7.1 72.27 72.14 77 79.61 72.42 75.18 74.58 74.13 76 72.83 7,682,791 7,562,092 7,557,211 7 73,268,974 79,117,524 79,122,805 783,310 76 7 71,111,715 718,075 7 75 71 7,875,158 7,875,158 742,939 72 72,179,191 72,205,447 73,115,518 74 714,301,293 715,733,128 7,982,537,708 7,177,278,178 79,198,006 7,982,537,708 7,177,278,178 728,581 715,733,128 | We found 64 numbers that start with the digit 8. Here they are: 8,510,011 8,572,701 864,937 80,845 8,486,446 8,486,446 81,119 816 8,349 8,349 80 8,338 877,226 82,368 885,407 869,014 8,125 80,815 88,573 8 87.5 82,469 84 871 819 8.57 836,095 874,508 80 80 80 80 80 80 80 8,458 82 85 85 80.34 83.40 86,583,631 87,262,076 81,342,721 82,359,620 8,631,678 87,185,808 87,191,042 83 88,671,275 81 89,745,382 89,917,476 8,196,298 80 8,064,132 8,064,132 8,482,078 8,523,119 8,550,000 821,472 84,020,924 893,310,268 8,852,732 | We found 55 numbers that start with the digit 9. Here they are: 90,586 9,797,612 9,797,612 92 941 95,191,409 95,437,412 90,173,424 9 942 9,100 904,309 904,311 94,331 904,311 963 99.7 99,780 91,492 940,778 94.5 95,431,468 95,191,409 95,191,409 95,437,412 95,785,031 920 983 94,331 92 95 99.297 914.5 900,000 9.4 9 93 90.17 90 90.17 9,456,543 986,543 91,847,930 9,570,857 97,745,105 9,379,875 9,405,296 90,063,200 9,967,368 9,967,370 982,257 9,198,999,365 9,288,433,926 9,555,945 9,288,433,926 |
While the above ADC 10K Filed 2/10/2026 is interesting in isolation, we have found that it is also useful to take a look at older
AGREE REALTY CORP filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a
Benford's Law analysis. Below we repeat the 10K Filed 2/10/2026 but instead of the chart comparing against the typical company across
our coverage universe, below we show the same chart compared against the typical ADC 10Q and 10K filings that we have processed
historically. This is followed by similar charts for each of those historical filings.
| 10K Filed 2/10/2026 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,482 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 4/22/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 737 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 7/23/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 936 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/24/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 990 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/14/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 12,125 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/3/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 713 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 7/26/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 892 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/21/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,078 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/11/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 15,614 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 4/23/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 693 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/1/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 891 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/1/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,007 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/22/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 9,414 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/3/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 724 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 7/31/2025 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 990 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 10/22/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 1,046 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 2/13/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 14,113 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 5/4/2023 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 651 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 8/2/2022 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 915 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 11/1/2021 | ||||||||||||||||||||||||||||||||||||
XBRL? ✓ [ original filing ] Total numbers found: 984 ■ = Typical ADC range from 5/3/2021 to 2/10/2026 | ||||||||||||||||||||||||||||||||||||