CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Real Estate Investments
Land	$ 1,354,486	$ 1,094,550
Buildings	2,693,704	2,371,553
Less accumulated depreciation	(200,395)	(172,577)
Real estate investments excluding property under development	3,847,795	3,293,526
Property under development	6,199	10,653
Net Real Estate Investments	3,853,994	3,304,179
Real Estate Held for Sale, net	1,245	1,199
Cash and Cash Equivalents	177,046	6,137
Cash Held in Escrows	11,335	1,818
Accounts Receivable - Tenants	46,882	37,808
Lease Intangibles, net of accumulated amortization of $150,435 and $125,995 at June 30, 2021 and December 31, 2020, respectively	601,545	473,592
Other Assets, net	72,476	61,450
Total Assets	4,764,523	3,886,183
LIABILITIES
Mortgage Notes Payable, net	32,782	33,122
Unsecured Term Loans, net		237,849
Senior Unsecured Notes, net	1,494,399	855,328
Unsecured Revolving Credit Facility		92,000
Dividends and Distributions Payable	15,029	34,545
Accounts Payable, Accrued Expenses, and Other Liabilities	68,196	71,390
Lease Intangibles, net of accumulated amortization of $26,771 and $24,651 at June 30, 2021 and December 31, 2020, respectively	33,966	35,700
Total Liabilities	1,644,372	1,359,934
EQUITY
Common stock, $.0001 par value, 180,000,000 and 90,000,000 shares authorized, 68,910,373 and 60,021,483 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	7	6
Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized
Additional paid-in-capital	3,248,264	2,652,090
Dividends in excess of net income	(121,619)	(91,343)
Accumulated other comprehensive income (loss)	(8,257)	(36,266)
Total Equity - Agree Realty Corporation	3,118,395	2,524,487
Non-controlling interest	1,756	1,762
Total Equity	3,120,151	2,526,249
Total Liabilities and Equity	$ 4,764,523	$ 3,886,183