CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Revenues
Rental income	$ 169,113	$ 149,422
Other	47	31
Total Revenues	169,160	149,453
Operating Expenses
Real estate taxes	11,513	10,701
Property operating expenses	8,381	7,373
Land lease expense	485	415
General and administrative	10,771	9,515
Depreciation and amortization	55,755	48,463
Provision for impairment	4,331	4,530
Total Operating Expenses	91,236	80,997
Gain on sale of assets, net	772	2,096
Loss on involuntary conversion, net		(55)
Income from Operations	78,696	70,497
Other (Expense) Income
Interest expense, net	(30,764)	(24,451)
Income and other tax expense	(825)	(1,149)
Other income	41	117
Net Income	47,148	45,014
Less net income attributable to non-controlling interest	152	155
Net income attributable to Agree Realty Corporation	46,996	44,859
Less Series A preferred stock dividends	1,859	1,859
Net Income Attributable to Common Stockholders	$ 45,137	$ 43,000
Net Income Per Share Attributable to Common Stockholders
Basic	$ 0.42	$ 0.43
Diluted	$ 0.42	$ 0.43
Other Comprehensive Income
Net income	$ 47,148	$ 45,014
Amortization of interest rate swaps	(736)	(629)
Change in fair value and settlement of interest rate swaps	(10,031)	11,543
Total comprehensive income	36,381	55,928
Less comprehensive income attributable to non-controlling interest	117	193
Comprehensive Income Attributable to Agree Realty Corporation	$ 36,264	$ 55,735
Weighted Average Number of Common Shares Outstanding - Basic	107,048,557	100,284,588
Weighted Average Number of Common Shares Outstanding - Diluted	107,547,193	100,336,600