Social Responsibility

DIVERSITY, EQUITY & INCLUSION (“DEI”)

Agree supports an inclusive and diverse community for colleagues, stakeholders, vendors, and the broader communities in which we conduct business.

Agree’s Human Rights Policy exhibits our support for human rights in accordance with UN Guiding Principles on Business and Human Rights. The Company strives to provide an environment that is free of discrimination and harassment in any form. Agree is an equal opportunity employer and does not discriminate on the basis of race, color, gender, religion, age, sexual orientation, national or ethnic origin, disability, marital status, veteran status or any other occupationally irrelevant criteria.

The Company is committed to providing an inclusive and diverse environment. The commitment was demonstrated by having all team members participate in DEI in the Workplace and Introduction to Environmental, Social, and Governance (“ESG”) trainings in 2023 and Unconscious Bias training in 2022.

AGREE HEALTH WELLNESS

Supports healthy living through enhanced health insurance, gym membership reimbursements, training and education, various complementary meal programs and many other benefits. These benefits include:

• Medical Insurance – 100% employer paid premiums for medical benefit plans for full-time team members, their spouse, and dependents. PPO and HMO plan options with healthy incentives and an HSA option to provide more benefit-rich plans.
• Mental Health Benefits – Through our Company provided insurance employees have access to the Guardian employee assistance program that provides mental health benefits including confidential emotional support, work and lifestyle support and financial and legal guidance.
• Dental & Vision Insurance – Principal Group Dental and Vision insurance are low-cost benefits with a high impact on overall wellness.
• Life Insurance – Life insurance can help ensure team members’ families have the financial resources to handle expenses and are prepared financially for life’s milestones. The Company pays the full cost of the premiums for every full-time team member.
• Simple IRA – Our Simple IRA retirement plan offers a convenient way to save for one of the most important times of life – retirement. Agree matches 100% of team members’ contributions, up to 3% of team members’ earnings.
• Short-Term Disability – Short-term disability insurance offers help to cover team members’ financial losses when they are too ill or injured to work. The Company pays the full cost of the premiums for every full-time team member.
• Long-Term Disability – Long-term disability insurance offers help to cover team members’ financial losses when they are too ill or injured to work for an extended period of time. The Company pays the full cost of the premiums for every full-time team member.
• State-Of-The-Art Fitness Center – To encourage team members to exercise regularly and promote individual health and well-being, the Company provides an onsite state-of-the-art fitness center equipped with the latest in cardio and strength technology and locker rooms.
• Onsite Wellness Room – Available for those who need a quiet, private space for any of the following purposes: nursing mothers to pump, prayer or private meditation or other medical needs.

AGREE FINANCIAL WELLNESS

Supports team members with generous cash compensation plans, equity ownership programs, retirement plans and ongoing access to financial planning resources. Team members are compensated for their performance and rewarded for their outstanding work. Alignment of individual, team, corporate and shareholder objectives provides for continuity, teamwork and increased collaboration. Our team members are paid commensurate with their qualifications, responsibilities, productivity, quality of work and adherence to our Core Values. The following summarizes the key principles and objectives of our approach to compensation:

• Agree provides total compensation that is both fair and competitive.
• The primary purpose of our compensation program is to achieve our business objectives by attracting, retaining and motivating talented team members by providing incentives and economic security.
• Financial compensation includes three components:
  • Salary – team members are paid salaries commensurate with their position and experience.
  • Cash Bonuses – annual cash bonuses are determined by measures of individual, team and corporate performance.
  • Equity Participation – we award ALL team members long-term equity compensation based on corporate and individual performance.

PROFESSIONAL DEVELOPMENT

All team members are evaluated against our Core Values as well as our Korn Ferry Core Competencies, with expectations based on each team member’s level within the organization. Each team member sets quarterly, one-year and three-year goals and metrics and their performance is evaluated against those predetermined goals. The goals are included on each team member’s personal operating strategy, and are discussed at quarterly and annual reviews, providing a framework for feedback that allows team members to continuously develop their skill sets.

Continuous education is important at Agree, and employees are encouraged to identify conferences, professional certifications or other educational tools to continue growing their knowledge base. Agree will reimburse team members for attending relevant conferences or courses.

Agree continues to offer the ADC Rotation Program that offers participants the opportunity to work with different departments across the organization. The program has now had four participants, three of which took on new full-time roles upon completing their rotation.

In 2023, Agree realigned certain team members to provide them with exposure to different aspects of our business and help them develop a more comprehensive real estate skill set. The reorganization gave top talent at the Company new and differentiated experiences by providing horizontal mobility and cross-training opportunities.

TRAINING

ADC University was started to support Agree Realty employees in their careers by fostering an environment of continuous development.

In 2023, the Company held seven lunch and learns that was available to all team members with topics ranging from sustainability to communication skills. Team members participated in over 210 hours of compliance training or 3 hours per employee. Development opportunities are not only available through educational training, but also cross-training opportunities, horizontal mobility and job-shadowing opportunities.

The Company has required all team members to complete compliance training in recent years including the following topics: Code of Conduct, Insider Trading, Data Privacy & Information Security, DEI, ESG, Anti Bribery and Anti Corruption, and Unconscious Bias. 100% of Agree team members completed the compliance training programs in 2023.

CULTURE COMMITTEE

The Company believes that our culture drives our performance. Agree has a transparent and collaborative culture focused on high performance and committed team members that adhere to our Core Values and work together to achieve success. Team members have quarterly and annual reviews where they can discuss career planning, recent victories, and opportunities for improvement with their team leaders. All team members get together for a monthly All-Team Huddle where we share progress on goals and recognize achievements. The Culture Committee is comprised of team members from across the organization. The Committee’s mission is to create community through camaraderie. The Culture Committee drove many initiatives to foster employee engagement and inclusion in 2023, including:

• Team Lunch Program
• Employee Resource Groups
• Charity Drives & Volunteering
• Weekly Fitness Classes
• Mental Health Awareness Week
• Team Events & Holiday Celebrations
• Yoga Classes

CHARITY, GIVING & PHILANTHROPY

At Agree, we believe that it is important to give back to the communities in which we conduct business. In 2023, Agree partnered with Care House of Oakland County. Our team participated in a lunch and learn, onsite visit and meet and greet. Additionally, we hosted a baby shower drive and a holiday drive for nine families.

INDUSTRY RECOGNITIONS

• Named one of the Best Places to Work by Globe St Real Estate Forum (2020,
  2021, and 2024)
• Named one of Michigan’s Best and Brightest in Wellness (2020 – 2023)
• Crain’s Detroit Business | Fast 50 (2017-2023)
• Named one of the 2020 Coolest Places to Work by Crain’s Detroit Business
• Institutional Investor | America’s Most Honored Companies | Small Cap Company CEOs & Investor Relations (2019)
• Piper Sandler | Top 25 REIT Heavyweights (2017, 2018 and 2020 – 2023)
• NREI | Top Owners of Real Estate (2015-2018)