Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Schedule of Amortization of Deferred Expenses [Table Text Block]

The following schedule summarizes the Company’s amortization of deferred expenses for the three months ended March 31, 2019 and 2018 (in thousands):

	Three Months Ended
	March 31, 2019		March 31, 2018
Deferred Financing Costs	$	143	$	101
Leasing Costs		81		43
Lease Intangibles (In-place)		2,052		1,992
Lease Intangibles (Above-Market)		4,374		3,344
Lease Intangibles (Below-Market)		(1,098)		(1,101)
Total	$	5,552	$	4,379

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The following schedule represents estimated future amortization of deferred expenses as of March 31, 2019 (in thousands):

	2019
Year Ending December 31,	(remaining)		2020		2021		2022		2023		Thereafter		Total
Deferred Financing Costs	$	413	$	541	$	28	$	—	$	—	$	—	$	982
Leasing Costs		241		365		346		334		300		1,085		2,671
Lease Intangibles (In-place)		7,001		8,805		8,295		7,482		6,806		38,401		76,790
Lease Intangibles (Above-Market)		13,005		17,338		17,150		16,857		16,056		132,732		213,138
Lease Intangibles (Below-Market)		(3,397)		(4,432)		(4,109)		(3,210)		(2,639)		(10,086)		(27,873)
Total	$	17,263	$	22,617	$	21,710	$	21,463	$	20,523	$	162,132	$	265,708

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following is a reconciliation of the numerator and denominator for the basic net earnings per common share and  diluted net earnings per common share computation for each of the periods presented: (in thousands, except for share data)

		Three months ended
		March 31, 2019		March 31, 2018
Net income attributable to Agree Realty Corporation	$	18,347	$	16,451
Less: Income attributable to unvested restricted shares		(96)		(112)
Net income used in basic and diluted earnings per share	$	18,251	$	16,339
Weighted average number of common shares outstanding		37,688,915		31,013,545
Less: Unvested restricted stock		(201,064)		(212,074)
Weighted average number of common shares outstanding used in basic earnings per share		37,487,851		30,801,471
Weighted average number of common shares outstanding used in basic earnings per share		37,487,851		30,801,471
Effect of dilutive securities: Share-based compensation		65,781		49,587
Effect of dilutive securities: September 2018 forward equity offering		766,675		—
Weighted average number of common shares outstanding used in diluted earnings per share		38,320,307		30,851,058