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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Rental income $ 77,760 $ 55,783
Other 69 26
Total Revenues 77,829 55,809
Operating Expenses    
Real estate taxes 5,696 4,702
Property operating expenses 3,541 2,335
Land lease expense 346 328
General and administrative 6,879 4,658
Depreciation and amortization 21,489 14,132
Total Operating Expenses 37,951 26,155
Income from Operations 39,878 29,654
Other (Expense) Income    
Interest expense, net (11,653) (9,669)
Gain (loss) on sale of assets, net 2,945 1,645
Gain (loss) on involuntary conversion of assets, net 117  
Income tax (expense) benefit (1,009) (260)
Net Income 30,278 21,370
Less net income attributable to non-controlling interest 166 141
Net Income Attributable to Agree Realty Corporation $ 30,112 $ 21,229
Net Income Per Share Attributable to Agree Realty Corporation    
Basic $ 0.48 $ 0.47
Diluted $ 0.48 $ 0.46
Other Comprehensive Income    
Net income $ 30,278 $ 21,370
Realized gain (loss) on settlement of interest rate swaps 500 (17)
Other comprehensive income (loss) - change in fair value and settlement of interest rate swaps 25,146 (33,025)
Total comprehensive income (loss) 55,924 (11,672)
Less comprehensive income (loss) attributable to non-controlling interest 304 (109)
Comprehensive Income (Loss) Attributable to Agree Realty Corporation $ 55,620 $ (11,563)
Weighted Average Number of Common Shares Outstanding - Basic 62,828,897 45,436,191
Weighted Average Number of Common Shares Outstanding - Diluted 62,940,360 45,565,054