XML 46 R33.htm IDEA: XBRL DOCUMENT v3.20.2
Summary of Significant Accounting Policies - Earnings per Share (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Earnings Per Share Basic And Diluted [Line Items]        
Net income attributable to Agree Realty Corporation $ 25,258 $ 18,564 $ 46,486 $ 36,911
Less: Income attributable to unvested restricted shares (83) (89) (164) (185)
Net income used in basic and diluted earnings per share $ 25,175 $ 18,475 $ 46,322 $ 36,726
Weighted average number of common shares outstanding 52,902,628 40,813,436 49,259,014 39,259,807
Less: Unvested restricted stock (176,398) (201,064) (176,398) (201,064)
Weighted average number of common shares outstanding used in basic earnings per share 52,726,230 40,612,372 49,082,616 39,058,743
Weighted average number of common shares outstanding used in basic earnings per share 52,726,230 40,612,372 49,082,616 39,058,743
Effect of dilutive securities: Share-based compensation 68,294 82,836 74,926 80,030
Weighted average number of common shares outstanding used in diluted earnings per share 53,266,740 41,141,659 49,423,546 39,745,337
Restricted Stock [Member]        
Earnings Per Share Basic And Diluted [Line Items]        
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 7,606   4,682  
Performance Units [Member]        
Earnings Per Share Basic And Diluted [Line Items]        
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 7,416   5,635  
September 2018 Forward Sales        
Earnings Per Share Basic And Diluted [Line Items]        
Effect of dilutive securities: forward equity offering   312,464   539,570
April 2019 Forward Equity        
Earnings Per Share Basic And Diluted [Line Items]        
Effect of dilutive securities: forward equity offering   133,987   66,994
April 2020 Forward Equity        
Earnings Per Share Basic And Diluted [Line Items]        
Effect of dilutive securities: forward equity offering 25,652   14,144  
2019 ATM Forward Equity        
Earnings Per Share Basic And Diluted [Line Items]        
Effect of dilutive securities: forward equity offering     28,579  
2019 ATM Forward Equity | Forward Sale Agreement [Member]        
Earnings Per Share Basic And Diluted [Line Items]        
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 11,296   34,230  
2020 ATM Forward Equity        
Earnings Per Share Basic And Diluted [Line Items]        
Effect of dilutive securities: forward equity offering 446,563 0 223,281 0
2020 ATM Forward Equity | Forward Sale Agreement [Member]        
Earnings Per Share Basic And Diluted [Line Items]        
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 70,769   50,093