Exhibit 22
AGREE REALTY CORPORATION
List of Guarantor Subsidiaries
The 2028, 2030, 2032, 2033, 2034 and 2035 Senior Unsecured Public Notes are fully and unconditionally guaranteed by Agree Realty Corporation and certain of the following wholly owned subsidiaries of the Operating Partnership as of July 31, 2025:
Guarantor | Jurisdiction of Organization | |
Agree 117 Mission, LLC | | Michigan |
Agree 2016, LLC | Delaware | |
Agree Absecon Urban Renewal, LLC | | New Jersey |
Agree Central, LLC | Delaware | |
Agree Chapel Hill NC, LLC | Delaware | |
Agree Columbia SC, LLC | Delaware | |
Agree Construction Management, LLC | | Delaware |
Agree Convenience No. 1, LLC | Delaware | |
Agree CW, LLC | Delaware | |
Agree Dallas Forest Drive, LLC | | Texas |
Agree DT Jacksonville NC, LLC | Delaware | |
Agree Farmington NM, LLC | Delaware | |
Agree Fort Walton Beach, LLC | | Florida |
Agree Grandview Heights OH, LLC | Delaware | |
Agree Greenwich CT, LLC | Delaware | |
Agree Land East, LLC | | Delaware |
Agree Land West, LLC | | Delaware |
Agree Lebanon NH, LLC | Delaware | |
Agree Littleton CO, LLC | | Delaware |
Agree Madison AL, LLC | | Michigan |
Agree Marietta, LLC | | Georgia |
Agree M-59, LLC | | Michigan |
Agree MCW, LLC | Delaware | |
Agree Mena AR, LLC | Delaware | |
Agree NJ, LLC | Delaware | |
Agree Onaway MI, LLC | Delaware | |
Agree Orange CT, LLC | Delaware | |
Agree Oxford Commons AL, LLC | Delaware | |
Agree Paterson NJ, LLC | Delaware | |
Agree Roseville CA, LLC | | California |
Agree SB, LLC | Delaware | |
Agree Secaucus NJ, LLC | Delaware | |
Agree Shelf ES PA, LLC | Delaware | |
Agree Shelf PA, LLC | Delaware | |
Agree Southfield, LLC | Michigan | |
Agree Spring Grove, LLC | | Illinois |
Agree St Petersburg, LLC | Florida | |
Agree Stores, LLC | Delaware | |
Agree Tallahassee, LLC | | Florida |
Agree TK, LLC | Delaware | |
Agree Wawa Baltimore, LLC | | Maryland |
Agree Walker, LLC | | Michigan |
Agree Wilmington, LLC | | North Carolina |
AR Land CA, LLC | | Delaware |
AR Land East, LLC | | Delaware |
AR Land West, LLC | | Delaware |
AR WTO, LLC | | Delaware |
BB Farmington NM, LLC | | Delaware |
DD 71, LLC | Delaware | |
DD Brownsville LLC | North Carolina | |
DD Hempstead LLC | North Carolina | |
Lunacorp, LLC | Delaware | |
Mt. Pleasant Shopping Center, L.L.C. | Michigan | |
Pachyderm Chattanooga TN, LLC | Delaware | |
Pachyderm Marietta GA, LLC | Delaware | |
Pachyderm Myrtle Beach SC, LLC | Delaware | |
Pachyderm Philadelphia PA, LLC | Delaware | |
Pachyderm Properties, LLC | Delaware | |
Pachyderm Riverdale GA, LLC | | Delaware |
Pachyderm Waite Park MN, LLC | | Delaware |
Paint PA, LLC | | Delaware |
Safari Properties II, LLC | | Delaware |
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