CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues
Rental income	$ 339,067	$ 248,309	$ 187,279
Other	256	259	199
Total Revenues	339,323	248,568	187,478
Operating Expenses
Real estate taxes	25,513	21,428	15,520
Property operating expenses	13,996	9,023	6,749
Land lease expense	1,552	1,301	1,242
General and administrative	25,456	20,793	15,566
Depreciation and amortization	95,729	66,758	45,703
Provision for impairment	1,919	4,137	1,609
Total Operating Expenses	164,165	123,440	86,389
Gain (loss) on sale of assets, net	14,941	8,004	13,306
Gain (loss) on involuntary conversion, net	170	0	0
Income from Operations	190,269	133,132	114,395
Other (Expense) Income
Interest expense, net	(50,378)	(40,097)	(33,094)
Income tax (expense) benefit	(2,401)	(1,086)	(538)
Loss on early extinguishment of term loans and settlement of related interest rate swaps	(14,614)	0	0
Other (expense) income	0	23	0
Net Income	122,876	91,972	80,763
Less net income attributable to non-controlling interest	603	591	682
Net income attributable to Agree Realty Corporation	122,273	91,381	80,081
Less Series A preferred stock dividends	2,148	0	0
Net Income Attributable to Common Stockholders	$ 120,125	$ 91,381	$ 80,081
Net Income Per Share Attributable to Common Stockholders
Basic	$ 1.79	$ 1.76	$ 1.96
Diluted	$ 1.78	$ 1.74	$ 1.93
Other Comprehensive Income
Net income	$ 122,876	$ 91,972	$ 80,763
Amortization of interest rate swaps	950	698	(14)
Change in fair value and settlement of interest rate swaps	29,980	(30,694)	(7,973)
Total comprehensive income (loss)	153,806	61,976	72,776
Less comprehensive income (loss) attributable to non-controlling interest	770	369	611
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	$ 153,036	$ 61,607	$ 72,165
Weighted Average Number of Common Shares Outstanding - Basic	66,802,242	51,838,219	40,577,346
Weighted Average Number of Common Shares Outstanding - Diluted	67,139,079	52,396,734	41,223,614