XML 44 R34.htm IDEA: XBRL DOCUMENT v3.22.2
Summary of Significant Accounting Policies - Earnings per Share (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Earnings Per Share Basic And Diluted [Line Items]        
Net income attributable to Agree Realty Corporation $ 35,973 $ 22,347 $ 72,086 $ 52,459
Less: Series A preferred stock dividends (1,859)   (3,718) 0
Net Income Attributable to Common Stockholders 34,114 22,347 68,368 52,459
Less: Income attributable to unvested restricted shares (103) (71) (207) (175)
Net income used in basic and diluted earnings per share $ 34,011 $ 22,276 $ 68,161 $ 52,284
Weighted average number of common shares outstanding 75,277,924 65,055,820 73,385,101 64,057,906
Less: Unvested restricted stock (240,004) (219,836) (240,004) (219,836)
Weighted average number of common shares outstanding used in basic earnings per share 75,037,920 64,835,984 73,145,097 63,838,070
Weighted average number of common shares outstanding used in basic earnings per share 75,037,920 64,835,984 73,145,097 63,838,070
Effect of dilutive securities:        
Share-based compensation 92,177 98,202 85,345 91,413
Weighted average number of common shares outstanding used in diluted earnings per share 75,570,089 65,185,604 73,474,930 64,079,697
Restricted Stock [Member]        
Effect of dilutive securities:        
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 483 1,440 1,305 2,743
2020 ATM Forward Equity        
Effect of dilutive securities:        
Forward equity offering   217,943 0 133,476
2021 ATM Forward Equity        
Effect of dilutive securities:        
Forward equity offering 40,752 33,475 20,867 16,738
December 2021 Forward Offering        
Effect of dilutive securities:        
Forward equity offering 311,848   179,925 0
May 2022 Forward Offering        
Effect of dilutive securities:        
Forward equity offering 87,392   43,696 0
ATM forward equity offerings | Forward Sale Agreement [Member]        
Effect of dilutive securities:        
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 4 0 38,316 0