10-Q Filing

AGREE REALTY CORP CIK: 917251 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-16-129195`
Period End Date	20160930
Filing Date	20161024
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	adc-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 108 Cash Flow Statement 86 Stockholders Equity 15

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$225.27M	USD	Point-in-time
Land	`Land`	$295.31M	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$35.00K	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$526.91M	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$662.61M	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$50.00K	USD	Point-in-time
Deferred leasing costs, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$637.00K	USD	Point-in-time
Deferred leasing costs, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$554.00K	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$56.40M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$65.88M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$16.44M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$695.78M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$892.04M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$10.58M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$3.66M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$5.79M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$699.45M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$897.83M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.71M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.38M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.49M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	23.88M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	20.64M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	20.64M	shares	Point-in-time
Cash Held in Escrows	`CashHeldInEscrow`	$12.29M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	23.88M	shares	Point-in-time
Cash Held in Escrows	`CashHeldInEscrow`	-	USD	Point-in-time
Accounts Receivable - Tenants, net of allowance of $50 and $35 for possible losses at September 30, 2016 and December 31, 2015	`AccountsReceivableNet`	$7.42M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts Receivable - Tenants, net of allowance of $50 and $35 for possible losses at September 30, 2016 and December 31, 2015	`AccountsReceivableNet`	$10.62M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Credit facility finance costs, net of accumulated amortization of $1,693 and $1,532 at September 30, 2016 and December 31, 2015, respectively	`DeferredFinanceCostsNet`	$543.00K	USD	Point-in-time
Credit facility finance costs, net of accumulated amortization of $1,693 and $1,532 at September 30, 2016 and December 31, 2015, respectively	`DeferredFinanceCostsNet`	$406.00K	USD	Point-in-time
Leasing costs, net of accumulated amortization of $637 and $554 at September 30, 2016 and December 31, 2015, respectively	`DeferredCostsLeasingNet`	$1.23M	USD	Point-in-time
Leasing costs, net of accumulated amortization of $637 and $554 at September 30, 2016 and December 31, 2015, respectively	`DeferredCostsLeasingNet`	$665.00K	USD	Point-in-time
Accumulated Amortization, Deferred Finance Costs	`AccumulatedAmortizationDeferredFinanceCosts`	$1.53M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $16,438 and $10,578 at September 30, 2016 and December 31, 2015, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$102.60M	USD	Point-in-time
Accumulated Amortization, Deferred Finance Costs	`AccumulatedAmortizationDeferredFinanceCosts`	$1.69M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $16,438 and $10,578 at September 30, 2016 and December 31, 2015, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$76.55M	USD	Point-in-time
Other Assets	`OtherAssets`	$2.57M	USD	Point-in-time
Other Assets	`OtherAssets`	$2.34M	USD	Point-in-time
Total Assets	`Assets`	$789.91M	USD	Point-in-time
Total Assets	`Assets`	$1.04B	USD	Point-in-time
Mortgage Notes Payable	`SecuredDebt`	$69.59M	USD	Point-in-time
Mortgage Notes Payable	`SecuredDebt`	$100.39M	USD	Point-in-time
Unsecured Term Loans	`UnsecuredDebt`	$159.21M	USD	Point-in-time
Unsecured Term Loans	`UnsecuredDebt`	$99.39M	USD	Point-in-time
Senior Unsecured Notes	`SeniorNotes`	$159.16M	USD	Point-in-time
Senior Unsecured Notes	`SeniorNotes`	$99.16M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$47.00M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$18.00M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$11.63M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$9.76M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$541.00K	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	-	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$2.57M	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$963.00K	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$122.00K	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$136.00K	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$3.93M	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$6.85M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeLiabilitiesAtFairValue`	$3.30M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeLiabilitiesAtFairValue`	$6.44M	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilities`	$705.00K	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilities`	$705.00K	USD	Point-in-time
Tenant Deposits	`SecurityDepositLiability`	$29.00K	USD	Point-in-time
Tenant Deposits	`SecurityDepositLiability`	$94.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$463.38M	USD	Point-in-time
Total Liabilities	`Liabilities`	$336.29M	USD	Point-in-time
Common stock, $.0001 par value, 45,000,000 shares authorized, 23,884,220 and 20,637,301 shares issued and outstanding, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Common stock, $.0001 par value, 45,000,000 shares authorized, 23,884,220 and 20,637,301 shares issued and outstanding, respectively	`CommonStockValue`	$2.00K	USD	Point-in-time
Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized Series A junior participating preferred stock, $.0001 par value, 200,000 authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized Series A junior participating preferred stock, $.0001 par value, 200,000 authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$607.63M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$482.51M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$28.34M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$28.26M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.13M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.31M	USD	Point-in-time
Total Stockholders' Equity - Agree Realty Corporation	`StockholdersEquity`	$451.12M	USD	Point-in-time
Total Stockholders' Equity - Agree Realty Corporation	`StockholdersEquity`	$572.98M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.50M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.45M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$453.62M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$575.43M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$789.91M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.04B	USD	Point-in-time

Income Statement 108 line items

Line Item	Tag	Value	Unit	Period
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$47.26M	USD	3 Qtrs
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$22.28M	USD	1 Quarter
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$60.68M	USD	3 Qtrs
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$16.74M	USD	1 Quarter
Percentage rents	`PercentageRent`	$7.00K	USD	1 Quarter
Percentage rents	`PercentageRent`	$197.00K	USD	3 Qtrs
Percentage rents	`PercentageRent`	$38.00K	USD	1 Quarter
Percentage rents	`PercentageRent`	$189.00K	USD	3 Qtrs
Operating cost reimbursement	`TenantReimbursements`	$3.25M	USD	3 Qtrs
Operating cost reimbursement	`TenantReimbursements`	$970.00K	USD	1 Quarter
Operating cost reimbursement	`TenantReimbursements`	$5.37M	USD	3 Qtrs
Operating cost reimbursement	`TenantReimbursements`	$1.84M	USD	1 Quarter
Other income	`OtherIncome`	$30.00K	USD	1 Quarter
Other income	`OtherIncome`	$106.00K	USD	1 Quarter
Other income	`OtherIncome`	$115.00K	USD	3 Qtrs
Other income	`OtherIncome`	$-18.00K	USD	3 Qtrs
Total Revenues	`Revenues`	$50.81M	USD	3 Qtrs
Total Revenues	`Revenues`	$24.16M	USD	1 Quarter
Total Revenues	`Revenues`	$66.23M	USD	3 Qtrs
Total Revenues	`Revenues`	$17.85M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$2.34M	USD	3 Qtrs
Real estate taxes	`RealEstateTaxExpense`	$4.04M	USD	3 Qtrs
Real estate taxes	`RealEstateTaxExpense`	$1.47M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$716.00K	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$424.00K	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.67M	USD	3 Qtrs
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.41M	USD	3 Qtrs
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$169.00K	USD	1 Quarter
Land lease payments	`LeaseAndRentalExpense`	$174.00K	USD	1 Quarter
Land lease payments	`LeaseAndRentalExpense`	$443.00K	USD	3 Qtrs
Land lease payments	`LeaseAndRentalExpense`	$490.00K	USD	3 Qtrs
Land lease payments	`LeaseAndRentalExpense`	$163.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.18M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.77M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.02M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.11M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$6.15M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$4.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$12.66M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$16.90M	USD	3 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$9.98M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$29.20M	USD	3 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$22.03M	USD	3 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$8.07M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$28.78M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$14.19M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$9.78M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$37.03M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$8.90M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$11.24M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$4.09M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$3.50M	USD	1 Quarter
Gain (Loss) on sale of assets	`GainsLossesOnSalesOfAssets`	$4.42M	USD	1 Quarter
Gain (Loss) on sale of assets	`GainsLossesOnSalesOfAssets`	$7.13M	USD	3 Qtrs
Gain (Loss) on sale of assets	`GainsLossesOnSalesOfAssets`	$12.13M	USD	3 Qtrs
Gain (Loss) on sale of assets	`GainsLossesOnSalesOfAssets`	$8.60M	USD	1 Quarter
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-33.00K	USD	1 Quarter
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-180.00K	USD	3 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-33.00K	USD	3 Qtrs
Net Income	`ProfitLoss`	$32.89M	USD	3 Qtrs
Net Income	`ProfitLoss`	$31.84M	USD	3 Qtrs
Net Income	`ProfitLoss`	$14.88M	USD	1 Quarter
Net Income	`ProfitLoss`	$14.48M	USD	1 Quarter
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$608.00K	USD	3 Qtrs
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$213.00K	USD	1 Quarter
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$506.00K	USD	3 Qtrs
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$281.00K	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$14.60M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$14.26M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$32.38M	USD	3 Qtrs
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$31.23M	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.47	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.81	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.77	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.46	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.76	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.61	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.81	USD	1 Quarter
Net income	`ProfitLoss`	$32.89M	USD	3 Qtrs
Net income	`ProfitLoss`	$31.84M	USD	3 Qtrs
Net income	`ProfitLoss`	$14.88M	USD	1 Quarter
Net income	`ProfitLoss`	$14.48M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.38M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.54M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-3.24M	USD	3 Qtrs
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.93M	USD	3 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$28.91M	USD	3 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$12.34M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$15.85M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$29.66M	USD	3 Qtrs
Comprehensive Income Attributable to Non-Controlling Interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$229.00K	USD	1 Quarter
Comprehensive Income Attributable to Non-Controlling Interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$552.00K	USD	3 Qtrs
Comprehensive Income Attributable to Non-Controlling Interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$231.00K	USD	1 Quarter
Comprehensive Income Attributable to Non-Controlling Interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$456.00K	USD	3 Qtrs
Comprehensive Income Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$28.35M	USD	3 Qtrs
Comprehensive Income Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$15.62M	USD	1 Quarter
Comprehensive Income Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$29.20M	USD	3 Qtrs
Comprehensive Income Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$12.11M	USD	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic: (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.03M	shares	3 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic: (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.65M	shares	3 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic: (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	23.45M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic: (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.01M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted: (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.72M	shares	3 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted: (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.13M	shares	3 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted: (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.56M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted: (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.06M	shares	1 Quarter

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$32.89M	USD	3 Qtrs
Net income	`ProfitLoss`	$31.84M	USD	3 Qtrs
Net income	`ProfitLoss`	$14.88M	USD	1 Quarter
Net income	`ProfitLoss`	$14.48M	USD	1 Quarter
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$27.00K	USD	Point-in-time
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$17.00K	USD	Point-in-time
Depreciation	`Depreciation`	$10.96M	USD	3 Qtrs
Depreciation	`Depreciation`	$8.75M	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$5.94M	USD	3 Qtrs
Amortization	`AdjustmentForAmortization`	$3.90M	USD	3 Qtrs
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$525.00K	USD	3 Qtrs
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$523.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.73M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.52M	USD	3 Qtrs
(Gain) loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-33.00K	USD	1 Quarter
(Gain) loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
(Gain) loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-180.00K	USD	3 Qtrs
(Gain) loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-33.00K	USD	3 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$12.13M	USD	3 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$7.13M	USD	3 Qtrs
(Increase) decrease in cash held in escrows	`IncreaseDecreaseInCashHeldInEscrows`	-	USD	3 Qtrs
(Increase) decrease in cash held in escrows	`IncreaseDecreaseInCashHeldInEscrows`	$-12.29M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.20M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.63M	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-167.00K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-473.00K	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.80M	USD	3 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$29.00K	USD	3 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-348.00K	USD	3 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-541.00K	USD	3 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.25M	USD	3 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.61M	USD	3 Qtrs
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$-8.00K	USD	3 Qtrs
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$65.00K	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$34.35M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$33.54M	USD	3 Qtrs
Acquisition of real estate investments	`PaymentsToAcquireRealEstate`	$161.69M	USD	3 Qtrs
Acquisition of real estate investments	`PaymentsToAcquireRealEstate`	$235.85M	USD	3 Qtrs
Development of real estate investments and other (including capitalized interest of $27 in 2016 and $17 in 2015)	`PaymentsToDevelopRealEstateAssets`	$5.35M	USD	3 Qtrs
Development of real estate investments and other (including capitalized interest of $27 in 2016 and $17 in 2015)	`PaymentsToDevelopRealEstateAssets`	$20.26M	USD	3 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$648.00K	USD	3 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$66.00K	USD	3 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$22.10M	USD	3 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$28.13M	USD	3 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-138.97M	USD	3 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-234.67M	USD	3 Qtrs
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$38.80M	USD	3 Qtrs
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$124.10M	USD	3 Qtrs
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$109.70M	USD	Point-in-time
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$712.00K	USD	3 Qtrs
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$128.00M	USD	3 Qtrs
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$227.00M	USD	3 Qtrs
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$116.00M	USD	3 Qtrs
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$198.00M	USD	3 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$31.06M	USD	3 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$4.47M	USD	3 Qtrs
Unsecured term loan proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	$60.28M	USD	3 Qtrs
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	$100.00M	USD	3 Qtrs
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	$60.00M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$30.59M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$24.21M	USD	3 Qtrs
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$490.00K	USD	3 Qtrs
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$475.00K	USD	3 Qtrs
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	-	USD	3 Qtrs
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	$150.00K	USD	3 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	$886.00K	USD	3 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	$624.00K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$209.90M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$120.61M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.78M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.98M	USD	3 Qtrs
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.71M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.38M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.49M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.71M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.38M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.49M	USD	Point-in-time
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$9.14M	USD	3 Qtrs
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$9.16M	USD	3 Qtrs
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$8.00K	USD	3 Qtrs
Shares issued under equity incentive plans	`StockIssued1`	$3.06M	USD	3 Qtrs
Shares issued under equity incentive plans	`StockIssued1`	$2.46M	USD	3 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$453.62M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$575.43M	USD	Point-in-time
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$124.10M	USD	3 Qtrs
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$712.00K	USD	3 Qtrs
Issuance of restricted stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	3 Qtrs
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	3 Qtrs
Vesting of restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.73M	USD	3 Qtrs
Dividends and distributions declared for the period	`Dividends`	$32.96M	USD	3 Qtrs
Other comprehensive income (loss) - change in fair value of interest rate swaps	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-3.24M	USD	3 Qtrs
Net income	`ProfitLoss`	$32.89M	USD	3 Qtrs
Net income	`ProfitLoss`	$31.84M	USD	3 Qtrs
Net income	`ProfitLoss`	$14.88M	USD	1 Quarter
Net income	`ProfitLoss`	$14.48M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$453.62M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$575.43M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.