0000917251Agree Realty Corporation333-295307S-3424B5EX-FILING FEESN/Aiso4217:USD000091725112026-04-242026-04-2400009172512026-04-242026-04-24000091725112026-04-242026-04-24000091725122026-04-242026-04-24
Exhibit 107
Calculation of Filing Fee Tables
S-3
AGREE REALTY CORP
Table 1: Newly Registered and Carry Forward Securities
Security TypeSecurity Class Title Fee Calculation or Carry Forward RuleAmount RegisteredProposed Maximum Offering Price Per UnitMaximum Aggregate Offering PriceFee RateAmount of Registration FeeCarry Forward Form TypeCarry Forward File NumberCarry Forward Initial Effective DateFiling Fee Previously Paid in Connection with Unsold Securities to be Carried Forward
Newly Registered Securities
Fees to be Paid1EquityCommon Stock457(o)$1,750,000,000.00 0.0001381 $241,675.00 
Fees Previously Paid
Carry Forward Securities
Carry Forward Securities
Total Offering Amounts:$1,750,000,000.00 $241,675.00 
Total Fees Previously Paid: $0.00 
Total Fee Offsets: $33,547.77 
Net Fee Due: $208,127.23 



Offering Note
1
The registration fee is calculated in accordance with Rule 457(o) under the Securities Act of 1933, as amended (the “Securities Act”), based on the proposed maximum aggregate offering price, and Rule 457(r) under the Securities Act. In accordance with Rules 456(b) and 457(r) under the Securities Act, the registrant initially deferred payment of all of the registration fees for the registration statement on Form S-3 (Registration No. 333-295307), filed on April 24, 2026.

Table 2: Fee Offset Claims and Sources
☐Not Applicable
Registrant or Filer Name Form or Filing Type File Number Initial Filing Date Filing Date Fee Offset Claimed Security Type Associated with Fee Offset Claimed Security Title Associated with Fee Offset Claimed Unsold Securities Associated with Fee Offset Claimed Unsold Aggregate Offering Amount Associated with Fee Offset Claimed Fee Paid with Fee Offset Source
Rules 457(b) and 0-11(a)(2)
Fee Offset Claims
Fee Offset Sources
Rule 457(p)
Fee Offset Claims1Agree Realty CorpS-3333-27166810/25/2024$33,547.77 EquityCommon Stock$219,123,275.66 
Fee Offset Sources2Agree Realty CorpS-3333-27166810/25/2024$33,547.77 



1
The registrant previously filed a prospectus supplement, dated October 25, 2024 (the “Prior Prospectus Supplement”) pursuant to the Registration Statement on Form S-3 (Registration No. 333-271668), filed with the Securities and Exchange Commission on May 5, 2023 (the “Prior Registration Statement”), relating to the offer and sale of shares of common stock having an aggregate offering price of up to $1,250,000,000 under its then current at-the-market program. In connection with the filing of the Prior Prospectus Supplement, the total registration fee of $191,375 was paid. As of the date of this registration statement, shares of common stock having an aggregate offering price of up to $219,123,275.66 were not sold under the Prior Prospectus Supplement. The offering that included the unsold securities under the Prior Prospectus Supplement was terminated. Pursuant to Rule 457(p) under the Securities Act, the registration fee of $33,547.77 that was previously paid and remains unused with respect to securities that were previously registered pursuant to the Prior Prospectus Supplement and were not sold thereunder may be applied to the filing fees payable pursuant to this prospectus supplement.
2See offering note 1.