10-Q Filing

AGREE REALTY CORP CIK: 917251 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-037843`
Period End Date	20170630
Filing Date	20170724
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	adc-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 100 Income Statement 104 Cash Flow Statement 79 Stockholders Equity 14

Balance Sheet 100 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$309.69M	USD	Point-in-time
Land	`Land`	$345.25M	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$805.27M	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$100.00K	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$703.51M	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$50.00K	USD	Point-in-time
Accumulated Amortization, Deferred Finance Costs	`AccumulatedAmortizationDeferredFinanceCosts`	$1.26M	USD	Point-in-time
Accumulated Amortization, Deferred Finance Costs	`AccumulatedAmortizationDeferredFinanceCosts`	$230.00K	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$75.84M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$69.70M	USD	Point-in-time
Deferred leasing costs, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$677.00K	USD	Point-in-time
Deferred leasing costs, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$733.00K	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.07B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$943.50M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$6.67M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$6.76M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$25.67M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$33.00M	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$1.08B	USD	Point-in-time
Below Market Lease, Accumulated Amortization	`BelowMarketLeaseAccumulatedAmortization`	$7.08M	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$950.26M	USD	Point-in-time
Below Market Lease, Accumulated Amortization	`BelowMarketLeaseAccumulatedAmortization`	$9.13M	USD	Point-in-time
Real Estate Held For Sale, net	`RealEstateHeldforsale`	-	USD	Point-in-time
Real Estate Held For Sale, net	`RealEstateHeldforsale`	$5.41M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.40M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.17M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.04M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.71M	USD	Point-in-time
Accounts Receivable - Tenants, net of allowance of $100 and $50 for possible losses at June 30, 2017 and December 31, 2016, respectively	`AccountsReceivableNet`	$11.54M	USD	Point-in-time
Accounts Receivable - Tenants, net of allowance of $100 and $50 for possible losses at June 30, 2017 and December 31, 2016, respectively	`AccountsReceivableNet`	$14.24M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	26.16M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	28.64M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	28.64M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	26.16M	shares	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Credit facility finance costs, net of accumulated amortization of $230 and $1,262 at June 30, 2017 and December 31, 2016, respectively	`DeferredFinanceCostsNet`	$1.55M	USD	Point-in-time
Credit facility finance costs, net of accumulated amortization of $230 and $1,262 at June 30, 2017 and December 31, 2016, respectively	`DeferredFinanceCostsNet`	$1.35M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Leasing costs, net of accumulated amortization of $733 and $677 at June 30, 2017 and December 31, 2016, respectively	`DeferredCostsLeasingNet`	$1.55M	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
Leasing costs, net of accumulated amortization of $733 and $677 at June 30, 2017 and December 31, 2016, respectively	`DeferredCostsLeasingNet`	$1.23M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $32,997 and $25,666 at June 30, 2017 and December 31, 2016, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$139.87M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $32,997 and $25,666 at June 30, 2017 and December 31, 2016, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$172.93M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeAssetsAtFairValue`	$1.28M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeAssetsAtFairValue`	$1.41M	USD	Point-in-time
Other Assets	`OtherAssets`	$2.72M	USD	Point-in-time
Other Assets	`OtherAssets`	$4.55M	USD	Point-in-time
Total Assets	`Assets`	$1.14B	USD	Point-in-time
Total Assets	`Assets`	$1.29B	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$68.00M	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$69.07M	USD	Point-in-time
Unsecured Term Loans, net	`UnsecuredDebt`	$158.44M	USD	Point-in-time
Unsecured Term Loans, net	`UnsecuredDebt`	$158.68M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$159.22M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$159.18M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$14.00M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$48.00M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$13.12M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$14.64M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.82M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.79M	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$2.21M	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$2.22M	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$677.00K	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$68.00K	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$5.99M	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$4.87M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $9,132 and $7,079 at June 30, 2017 and December 31, 2016, respectively	`BelowMarketLeaseNet`	$30.19M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $9,132 and $7,079 at June 30, 2017 and December 31, 2016, respectively	`BelowMarketLeaseNet`	$30.05M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeLiabilitiesAtFairValue`	$1.54M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeLiabilitiesAtFairValue`	$1.99M	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`	$96.00K	USD	Point-in-time
Tenant Deposits	`SecurityDepositLiability`	$94.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$456.46M	USD	Point-in-time
Total Liabilities	`Liabilities`	$490.89M	USD	Point-in-time
Common stock, $.0001 par value, 45,000,000 shares authorized, 28,637,180 and 26,164,977 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Common stock, $.0001 par value, 45,000,000 shares authorized, 28,637,180 and 26,164,977 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$3.00K	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`	$820.13M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$712.07M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$26.55M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$28.56M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-536.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-211.00K	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$793.38M	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$682.98M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.53M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.57M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$795.95M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$685.51M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.29B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.14B	USD	Point-in-time

Income Statement 104 line items

Line Item	Tag	Value	Unit	Period
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$38.40M	USD	2 Qtrs
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$25.16M	USD	1 Quarter
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$19.91M	USD	1 Quarter
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$49.17M	USD	2 Qtrs
Percentage rents	`PercentageRent`	$212.00K	USD	2 Qtrs
Percentage rents	`PercentageRent`	-	USD	1 Quarter
Percentage rents	`PercentageRent`	$190.00K	USD	2 Qtrs
Percentage rents	`PercentageRent`	$7.00K	USD	1 Quarter
Operating cost reimbursement	`TenantReimbursements`	$3.52M	USD	2 Qtrs
Operating cost reimbursement	`TenantReimbursements`	$5.22M	USD	2 Qtrs
Operating cost reimbursement	`TenantReimbursements`	$1.93M	USD	1 Quarter
Operating cost reimbursement	`TenantReimbursements`	$2.88M	USD	1 Quarter
Other income	`OtherIncome`	$29.00K	USD	2 Qtrs
Other income	`OtherIncome`	$39.00K	USD	1 Quarter
Other income	`OtherIncome`	$-9.00K	USD	1 Quarter
Other income	`OtherIncome`	$-48.00K	USD	2 Qtrs
Total Revenues	`Revenues`	$42.07M	USD	2 Qtrs
Total Revenues	`Revenues`	$21.84M	USD	1 Quarter
Total Revenues	`Revenues`	$54.64M	USD	2 Qtrs
Total Revenues	`Revenues`	$28.08M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$2.03M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$3.84M	USD	2 Qtrs
Real estate taxes	`RealEstateTaxExpense`	$2.56M	USD	2 Qtrs
Real estate taxes	`RealEstateTaxExpense`	$1.44M	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.71M	USD	2 Qtrs
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.50M	USD	2 Qtrs
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$929.00K	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$915.00K	USD	1 Quarter
Land lease payments	`LeaseAndRentalExpense`	$163.00K	USD	1 Quarter
Land lease payments	`LeaseAndRentalExpense`	$163.00K	USD	1 Quarter
Land lease payments	`LeaseAndRentalExpense`	$327.00K	USD	2 Qtrs
Land lease payments	`LeaseAndRentalExpense`	$327.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.09M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.04M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.17M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.57M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.75M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$14.73M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$13.38M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$25.78M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$10.24M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$19.23M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$22.84M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$11.61M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$14.70M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$28.86M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$3.50M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$8.55M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$7.14M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$4.41M	USD	1 Quarter
Gain (Loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$9.52M	USD	2 Qtrs
Gain (Loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$2.72M	USD	2 Qtrs
Gain (Loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$2.72M	USD	1 Quarter
Gain (Loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$4.78M	USD	1 Quarter
Net Income	`ProfitLoss`	$15.07M	USD	1 Quarter
Net Income	`ProfitLoss`	$29.84M	USD	2 Qtrs
Net Income	`ProfitLoss`	$18.41M	USD	2 Qtrs
Net Income	`ProfitLoss`	$10.83M	USD	1 Quarter
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$384.00K	USD	2 Qtrs
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$191.00K	USD	1 Quarter
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$293.00K	USD	2 Qtrs
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$167.00K	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$18.12M	USD	2 Qtrs
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$10.66M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$29.45M	USD	2 Qtrs
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$14.88M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.13	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.85	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.12	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.85	USD	2 Qtrs
Net income	`ProfitLoss`	$15.07M	USD	1 Quarter
Net income	`ProfitLoss`	$29.84M	USD	2 Qtrs
Net income	`ProfitLoss`	$18.41M	USD	2 Qtrs
Net income	`ProfitLoss`	$10.83M	USD	1 Quarter
Other Comprehensive Income (Loss) - Gain (Loss) on Interest Rate Swaps	`OtherComprehensiveIncomeLossNetOfTax`	$330.00K	USD	2 Qtrs
Other Comprehensive Income (Loss) - Gain (Loss) on Interest Rate Swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-1.68M	USD	1 Quarter
Other Comprehensive Income (Loss) - Gain (Loss) on Interest Rate Swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-411.00K	USD	1 Quarter
Other Comprehensive Income (Loss) - Gain (Loss) on Interest Rate Swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-4.61M	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$30.17M	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$9.15M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$13.80M	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$14.66M	USD	1 Quarter
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$389.00K	USD	2 Qtrs
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$140.00K	USD	1 Quarter
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$220.00K	USD	2 Qtrs
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$189.00K	USD	1 Quarter
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$9.01M	USD	1 Quarter
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$14.47M	USD	1 Quarter
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$13.58M	USD	2 Qtrs
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$29.78M	USD	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic: (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	26.17M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic: (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.19M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic: (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	26.39M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic: (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	21.32M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted: (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.27M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted: (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	21.39M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted: (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.24M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted: (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	26.46M	shares	1 Quarter

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$15.07M	USD	1 Quarter
Net income	`ProfitLoss`	$29.84M	USD	2 Qtrs
Net income	`ProfitLoss`	$18.41M	USD	2 Qtrs
Net income	`ProfitLoss`	$10.83M	USD	1 Quarter
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$154.00K	USD	Point-in-time
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$14.00K	USD	Point-in-time
Depreciation	`Depreciation`	$6.99M	USD	2 Qtrs
Depreciation	`Depreciation`	$9.24M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$3.76M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$5.49M	USD	2 Qtrs
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$486.00K	USD	2 Qtrs
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$344.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.17M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.22M	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$2.72M	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$9.52M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.56M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.78M	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$189.00K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-324.00K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.69M	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$444.00K	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-232.00K	USD	2 Qtrs
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-29.00K	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$6.00K	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-85.00K	USD	2 Qtrs
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$65.00K	USD	2 Qtrs
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$2.00K	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$26.70M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$34.67M	USD	2 Qtrs
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$185.57M	USD	2 Qtrs
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$185.44M	USD	2 Qtrs
Development of real estate investments and other assets (including capitalized interest of $154 in 2017 and $14 in 2016)	`PaymentsToDevelopRealEstateAssets`	$12.83M	USD	2 Qtrs
Development of real estate investments and other assets (including capitalized interest of $154 in 2017 and $14 in 2016)	`PaymentsToDevelopRealEstateAssets`	$8.14M	USD	2 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$521.00K	USD	2 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$449.00K	USD	2 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$7.03M	USD	2 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$21.89M	USD	2 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-176.96M	USD	2 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-187.07M	USD	2 Qtrs
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$107.99M	USD	2 Qtrs
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$112.08M	USD	2 Qtrs
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$108.20M	USD	Point-in-time
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.09M	USD	2 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$703.00K	USD	2 Qtrs
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$158.00M	USD	2 Qtrs
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$180.00M	USD	2 Qtrs
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$100.00M	USD	2 Qtrs
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$124.00M	USD	2 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$10.03M	USD	2 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$1.19M	USD	2 Qtrs
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	$359.00K	USD	2 Qtrs
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	-	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$19.25M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$25.93M	USD	2 Qtrs
Distributions to Non-Controlling Interest	`PaymentsToMinorityShareholders`	$344.00K	USD	2 Qtrs
Distributions to Non-Controlling Interest	`PaymentsToMinorityShareholders`	$323.00K	USD	2 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	$74.00K	USD	2 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	$5.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$161.70M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$113.07M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-29.22M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.32M	USD	2 Qtrs
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.40M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.17M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.04M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.71M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$33.40M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.17M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.04M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.71M	USD	Point-in-time
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$13.82M	USD	2 Qtrs
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$6.93M	USD	2 Qtrs
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$8.00K	USD	2 Qtrs
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$1.00K	USD	2 Qtrs
Shares issued under equity incentive plans (in dollars)	`StockIssued1`	$3.65M	USD	2 Qtrs
Shares issued under equity incentive plans (in dollars)	`StockIssued1`	$3.06M	USD	2 Qtrs
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$11.51M	USD	2 Qtrs
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$14.64M	USD	2 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$795.95M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$685.51M	USD	Point-in-time
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$107.99M	USD	2 Qtrs
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.09M	USD	2 Qtrs
Issuance of restricted stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	2 Qtrs
Vesting of restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.17M	USD	2 Qtrs
Dividends and distributions declared for the period	`Dividends`	$27.79M	USD	2 Qtrs
Other comprehensive income (loss) - change in fair value of interest rate swaps	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$330.00K	USD	2 Qtrs
Net income	`ProfitLoss`	$15.07M	USD	1 Quarter
Net income	`ProfitLoss`	$29.84M	USD	2 Qtrs
Net income	`ProfitLoss`	$18.41M	USD	2 Qtrs
Net income	`ProfitLoss`	$10.83M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$795.95M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$685.51M	USD	Point-in-time

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