10-K Filing

AGREE REALTY CORP CIK: 917251 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001144204-18-010250`
Period End Date	20171231
Filing Date	20180222
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	adc-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 104 Income Statement 116 Cash Flow Statement 142 Stockholders Equity 39

Balance Sheet 104 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$405.46M	USD	Point-in-time
Land	`Land`	$309.69M	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$868.40M	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$703.51M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$85.24M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$69.70M	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$296.00K	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.19B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$943.50M	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$50.00K	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$25.40M	USD	Point-in-time
Accumulated Amortization, Deferred Finance Costs	`AccumulatedAmortizationDeferredFinanceCosts`	$433.00K	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$6.76M	USD	Point-in-time
Accumulated Amortization, Deferred Finance Costs	`AccumulatedAmortizationDeferredFinanceCosts`	$1.26M	USD	Point-in-time
Deferred leasing costs, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$677.00K	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$950.26M	USD	Point-in-time
Deferred leasing costs, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$814.00K	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$1.21B	USD	Point-in-time
Real Estate Held For Sale, net	`RealEstateHeldforsale`	$2.42M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$41.39M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$25.67M	USD	Point-in-time
Real Estate Held For Sale, net	`RealEstateHeldforsale`	-	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.81M	USD	Point-in-time
Below Market Lease, Accumulated Amortization	`BelowMarketLeaseAccumulatedAmortization`	$11.36M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.40M	USD	Point-in-time
Below Market Lease, Accumulated Amortization	`BelowMarketLeaseAccumulatedAmortization`	$7.08M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.71M	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 Held in Escrows	`EscrowDeposit`	-	USD	Point-in-time
Cash Held in Escrows	`EscrowDeposit`	$7.97M	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
Accounts Receivable - Tenants, net of allowance of$296 and $50 for possible losses at December 31, 2017 and December 31, 2016, respectively.	`AccountsReceivableNet`	$11.54M	USD	Point-in-time
Accounts Receivable - Tenants, net of allowance of$296 and $50 for possible losses at December 31, 2017 and December 31, 2016, respectively.	`AccountsReceivableNet`	$15.48M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	31.00M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	26.16M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	31.00M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	26.16M	shares	Point-in-time
Credit facility finance costs, net of accumulated amortization of $433 and $1,262 at December 31, 2017 and December 31, 2016, respectively	`DeferredFinanceCostsNet`	$1.17M	USD	Point-in-time
Credit facility finance costs, net of accumulated amortization of $433 and $1,262 at December 31, 2017 and December 31, 2016, respectively	`DeferredFinanceCostsNet`	$1.55M	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 $814 and $677 at December 31, 2017 and December 31, 2016, respectively	`DeferredCostsLeasingNet`	$1.58M	USD	Point-in-time
Leasing costs, net of accumulated amortization of $814 and $677 at December 31, 2017 and December 31, 2016, respectively	`DeferredCostsLeasingNet`	$1.23M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $41,390 and $25,666 at December 31, 2017 and December 31, 2016, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$195.16M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Lease intangibles, net of accumulated amortization of $41,390 and $25,666 at December 31, 2017 and December 31, 2016, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$139.87M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeAssetsAtFairValue`	$1.41M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeAssetsAtFairValue`	$1.59M	USD	Point-in-time
Other Assets, net	`OtherAssets`	$4.43M	USD	Point-in-time
Other Assets, net	`OtherAssets`	$2.72M	USD	Point-in-time
Total Assets	`Assets`	$1.49B	USD	Point-in-time
Total Assets	`Assets`	$1.14B	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$88.27M	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$69.07M	USD	Point-in-time
Unsecured Term Loans, net	`UnsecuredDebt`	$158.68M	USD	Point-in-time
Unsecured Term Loans, net	`UnsecuredDebt`	$158.17M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$159.18M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$259.12M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$14.00M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$14.00M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$16.30M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$13.12M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.84M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.82M	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$3.41M	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$2.21M	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$677.00K	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$354.00K	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$4.87M	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$10.81M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $11,357 and $7,079 at December 31, 2017 and December 31, 2016, respectively	`BelowMarketLeaseNet`	$30.35M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $11,357 and $7,079 at December 31, 2017 and December 31, 2016, respectively	`BelowMarketLeaseNet`	$30.05M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeLiabilitiesAtFairValue`	$242.00K	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeLiabilitiesAtFairValue`	$1.99M	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilities`	$475.00K	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilities`	$705.00K	USD	Point-in-time
Tenant Deposits	`SecurityDepositLiability`	$97.00K	USD	Point-in-time
Tenant Deposits	`SecurityDepositLiability`	$94.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$583.44M	USD	Point-in-time
Total Liabilities	`Liabilities`	$456.46M	USD	Point-in-time
Common stock, $.0001 par value, 45,000,000 shares authorized, 31,004,900 and 26,164,977 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Common stock, $.0001 par value, 45,000,000 shares authorized, 31,004,900 and 26,164,977 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Preferred Stock, $.0001 par value per share, 4,000,000 shares authorizedSeries 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 authorizedSeries 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`	$712.07M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$936.05M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$28.76M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$28.56M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-536.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.38M	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$908.66M	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`	$2.53M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$685.51M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$453.62M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$911.19M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$356.04M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.49B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.14B	USD	Point-in-time

Income Statement 116 line items

Line Item	Tag	Value	Unit	Period
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$84.03M	USD	Annual
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$105.07M	USD	Annual
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$64.28M	USD	Annual
Percentage rents	`PercentageRent`	$197.00K	USD	Annual
Percentage rents	`PercentageRent`	$180.00K	USD	Annual
Percentage rents	`PercentageRent`	$244.00K	USD	Annual
Operating cost reimbursement	`TenantReimbursements`	$10.75M	USD	Annual
Operating cost reimbursement	`TenantReimbursements`	$5.28M	USD	Annual
Operating cost reimbursement	`TenantReimbursements`	$7.27M	USD	Annual
Other	`OtherIncome`	$32.00K	USD	Annual
Other	`OtherIncome`	$485.00K	USD	Annual
Other	`OtherIncome`	$231.00K	USD	Annual
Total Revenues	`Revenues`	$30.39M	USD	1 Quarter
Total Revenues	`Revenues`	$21.84M	USD	1 Quarter
Total Revenues	`Revenues`	$24.16M	USD	1 Quarter
Total Revenues	`Revenues`	$91.53M	USD	Annual
Total Revenues	`Revenues`	$20.22M	USD	1 Quarter
Total Revenues	`Revenues`	$33.38M	USD	1 Quarter
Total Revenues	`Revenues`	$25.30M	USD	1 Quarter
Total Revenues	`Revenues`	$116.56M	USD	Annual
Total Revenues	`Revenues`	$26.56M	USD	1 Quarter
Total Revenues	`Revenues`	$69.97M	USD	Annual
Total Revenues	`Revenues`	$28.08M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$5.46M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$8.20M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$4.00M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.77M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.48M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$3.61M	USD	Annual
Land lease expense	`LeaseAndRentalExpense`	$606.00K	USD	Annual
Land lease expense	`LeaseAndRentalExpense`	$653.00K	USD	Annual
Land lease expense	`LeaseAndRentalExpense`	$653.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$8.02M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$6.99M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$9.95M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$23.41M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$16.49M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$31.75M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$40.02M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$54.17M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$29.85M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$51.51M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$62.39M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$40.11M	USD	Annual
Interest expense, net	`InterestExpense`	$15.34M	USD	Annual
Interest expense, net	`InterestExpense`	$18.14M	USD	Annual
Interest expense, net	`InterestExpense`	$12.30M	USD	Annual
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$12.13M	USD	Annual
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$14.19M	USD	Annual
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$9.96M	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-333.00K	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-181.00K	USD	Annual
Other income	`OtherNonoperatingIncome`	-	USD	Annual
Other income	`OtherNonoperatingIncome`	-	USD	Annual
Other income	`OtherNonoperatingIncome`	$347.00K	USD	Annual
Net Income	`ProfitLoss`	$12.91M	USD	1 Quarter
Net Income	`ProfitLoss`	$10.83M	USD	1 Quarter
Net Income	`ProfitLoss`	$39.76M	USD	Annual
Net Income	`ProfitLoss`	$7.59M	USD	1 Quarter
Net Income	`ProfitLoss`	$15.07M	USD	1 Quarter
Net Income	`ProfitLoss`	$14.48M	USD	1 Quarter
Net Income	`ProfitLoss`	$12.28M	USD	1 Quarter
Net Income	`ProfitLoss`	$45.80M	USD	Annual
Net Income	`ProfitLoss`	$58.79M	USD	Annual
Net Income	`ProfitLoss`	$16.67M	USD	1 Quarter
Net Income	`ProfitLoss`	$14.77M	USD	1 Quarter
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$679.00K	USD	Annual
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$744.00K	USD	Annual
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$678.00K	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$58.11M	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$45.12M	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$39.02M	USD	Annual
Basic	`EarningsPerShareBasic`	$1.97	USD	Annual
Basic	`EarningsPerShareBasic`	$2.17	USD	Annual
Basic	`EarningsPerShareBasic`	$2.09	USD	Annual
Diluted	`EarningsPerShareDiluted`	$2.08	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.36	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.61	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.50	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.97	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.16	USD	Annual
Net income	`ProfitLoss`	$12.91M	USD	1 Quarter
Net income	`ProfitLoss`	$10.83M	USD	1 Quarter
Net income	`ProfitLoss`	$39.76M	USD	Annual
Net income	`ProfitLoss`	$7.59M	USD	1 Quarter
Net income	`ProfitLoss`	$15.07M	USD	1 Quarter
Net income	`ProfitLoss`	$14.48M	USD	1 Quarter
Net income	`ProfitLoss`	$12.28M	USD	1 Quarter
Net income	`ProfitLoss`	$45.80M	USD	Annual
Net income	`ProfitLoss`	$58.79M	USD	Annual
Net income	`ProfitLoss`	$16.67M	USD	1 Quarter
Net income	`ProfitLoss`	$14.77M	USD	1 Quarter
Other Comprehensive Income (Loss) - Gain (Loss) on Interest Rate Swaps	`OtherComprehensiveIncomeLossNetOfTax`	$2.62M	USD	Annual
Other Comprehensive Income (Loss) - Gain (Loss) on Interest Rate Swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-1.09M	USD	Annual
Other Comprehensive Income (Loss) - Gain (Loss) on Interest Rate Swaps	`OtherComprehensiveIncomeLossNetOfTax`	$1.94M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$60.73M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$38.67M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$48.41M	USD	Annual
Less Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$724.00K	USD	Annual
Less Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$703.00K	USD	Annual
Less Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$702.00K	USD	Annual
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$37.95M	USD	Annual
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$47.71M	USD	Annual
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$60.02M	USD	Annual
Weighted Average Number of Common Shares Outstanding - Basic:	`WeightedAverageNumberOfSharesOutstandingBasic`	18.00M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Basic:	`WeightedAverageNumberOfSharesOutstandingBasic`	22.87M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Basic:	`WeightedAverageNumberOfSharesOutstandingBasic`	27.63M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted:	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.07M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted:	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.96M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted:	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.70M	shares	Annual

Cash Flow Statement 142 line items

Line Item	Tag	Value	Unit	Period
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$210.00K	USD	Point-in-time
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$570.00K	USD	Point-in-time
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$39.00K	USD	Point-in-time
Net income	`ProfitLoss`	$12.91M	USD	1 Quarter
Net income	`ProfitLoss`	$10.83M	USD	1 Quarter
Net income	`ProfitLoss`	$39.76M	USD	Annual
Net income	`ProfitLoss`	$7.59M	USD	1 Quarter
Net income	`ProfitLoss`	$15.07M	USD	1 Quarter
Net income	`ProfitLoss`	$14.48M	USD	1 Quarter
Net income	`ProfitLoss`	$12.28M	USD	1 Quarter
Net income	`ProfitLoss`	$45.80M	USD	Annual
Net income	`ProfitLoss`	$58.79M	USD	Annual
Net income	`ProfitLoss`	$16.67M	USD	1 Quarter
Net income	`ProfitLoss`	$14.77M	USD	1 Quarter
Depreciation	`Depreciation`	$19.59M	USD	Annual
Depreciation	`Depreciation`	$15.27M	USD	Annual
Depreciation	`Depreciation`	$11.53M	USD	Annual
Amortization	`AdjustmentForAmortization`	$8.13M	USD	Annual
Amortization	`AdjustmentForAmortization`	$4.96M	USD	Annual
Amortization	`AdjustmentForAmortization`	$12.17M	USD	Annual
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$720.00K	USD	Annual
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$689.00K	USD	Annual
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$979.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.26M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.99M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.39M	USD	Annual
Write-off of deferred costs	`GainsLossesOnExtinguishmentOfDebt`	$-333.00K	USD	Annual
Write-off of deferred costs	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Write-off of deferred costs	`GainsLossesOnExtinguishmentOfDebt`	$-181.00K	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$14.19M	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$9.96M	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$12.13M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.22M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.91M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.12M	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$109.00K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-444.00K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$197.00K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.98M	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.26M	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.04M	USD	Annual
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-463.00K	USD	Annual
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$115.00K	USD	Annual
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$14.00K	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$241.00K	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.20M	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.25M	USD	Annual
Increase (decrease) in deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	Annual
Increase (decrease) in deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$230.00K	USD	Annual
Increase (decrease) in deferred taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	Annual
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$65.00K	USD	Annual
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$-8.00K	USD	Annual
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$3.00K	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$61.73M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$44.68M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$82.20M	USD	Annual
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$223.87M	USD	Annual
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$297.87M	USD	Annual
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$319.57M	USD	Annual
Development of real estate investments and other assets (including capitalized interest of $570 in 2017, $210 in 2016, and $39 in 2015)	`PaymentsToDevelopRealEstateAssets`	$27.92M	USD	Annual
Development of real estate investments and other assets (including capitalized interest of $570 in 2017, $210 in 2016, and $39 in 2015)	`PaymentsToDevelopRealEstateAssets`	$43.30M	USD	Annual
Development of real estate investments and other assets (including capitalized interest of $570 in 2017, $210 in 2016, and $39 in 2015)	`PaymentsToDevelopRealEstateAssets`	$6.97M	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$66.00K	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$686.00K	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$568.00K	USD	Annual
Cash held in escrows on sale of assets	`IncreaseDecreaseInCashEscrows`	-	USD	Annual
Cash held in escrows on sale of assets	`IncreaseDecreaseInCashEscrows`	-	USD	Annual
Cash held in escrows on sale of assets	`IncreaseDecreaseInCashEscrows`	$7.97M	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$44.34M	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$28.92M	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$28.13M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-202.78M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-327.07M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-297.55M	USD	Annual
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$228.01M	USD	Annual
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$109.60M	USD	Point-in-time
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$92.26M	USD	Annual
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$222.69M	USD	Annual
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$108.00M	USD	Point-in-time
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$95.00M	USD	Point-in-time
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$712.00K	USD	Annual
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.11M	USD	Annual
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$203.00M	USD	Annual
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$252.00M	USD	Annual
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$161.00M	USD	Annual
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$158.00M	USD	Annual
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$203.00M	USD	Annual
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$256.00M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$31.58M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$2.41M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$5.18M	USD	Annual
Unsecured term loan proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	Annual
Unsecured term loan proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	Annual
Unsecured term loan proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	$60.28M	USD	Annual
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	$739.00K	USD	Annual
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	-	USD	Annual
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	$239.00K	USD	Annual
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	$100.00M	USD	Annual
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	$60.00M	USD	Annual
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	$100.00M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$42.06M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$55.15M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$32.99M	USD	Annual
Distributions to Non-Controlling Interest	`PaymentsToMinorityShareholders`	$636.00K	USD	Annual
Distributions to Non-Controlling Interest	`PaymentsToMinorityShareholders`	$695.00K	USD	Annual
Distributions to Non-Controlling Interest	`PaymentsToMinorityShareholders`	$657.00K	USD	Annual
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	-	USD	Annual
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	$150.00K	USD	Annual
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	-	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$309.00K	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$896.00K	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$2.55M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$262.28M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$155.41M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$266.50M	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$30.68M	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$17.41M	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.69M	USD	Annual
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$50.81M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.40M	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`	$2.71M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.81M	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`	$5.40M	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`	$11.55M	USD	Annual
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$13.82M	USD	Annual
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$17.33M	USD	Annual
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$153.00K	USD	Annual
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$257.00K	USD	Annual
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$155.00K	USD	Annual
Shares issued under equity incentive plans (in dollars)	`StockIssued1`	$2.86M	USD	Annual
Shares issued under equity incentive plans (in dollars)	`StockIssued1`	$4.30M	USD	Annual
Shares issued under equity incentive plans (in dollars)	`StockIssued1`	$3.52M	USD	Annual
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$16.30M	USD	Annual
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$13.12M	USD	Annual
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$9.76M	USD	Annual
Real Estate acquisitions financed with debt assumption	`RealEstateAcquisitionsFinancedWithDebtAssumption`	-	USD	Annual
Real Estate acquisitions financed with debt assumption	`RealEstateAcquisitionsFinancedWithDebtAssumption`	$21.50M	USD	Annual
Real Estate acquisitions financed with debt assumption	`RealEstateAcquisitionsFinancedWithDebtAssumption`	-	USD	Annual

Stockholders Equity 39 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$685.51M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$453.62M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$911.19M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$356.04M	USD	Point-in-time
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$222.69M	USD	Annual
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$92.26M	USD	Annual
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$228.01M	USD	Annual
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$712.00K	USD	Annual
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.11M	USD	Annual
Issuance of restricted stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	Annual
Issuance of restricted stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	Annual
Issuance of restricted stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	Annual
Vesting of restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.99M	USD	Annual
Vesting of restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.39M	USD	Annual
Vesting of restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.26M	USD	Annual
Dividends and distributions declared for the period	`Dividends`	$35.34M	USD	Annual
Dividends and distributions declared for the period	`Dividends`	$59.02M	USD	Annual
Dividends and distributions declared for the period	`Dividends`	$46.08M	USD	Annual
Other comprehensive income (loss) - change in fair value of interest rate swaps	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.62M	USD	Annual
Other comprehensive income (loss) - change in fair value of interest rate swaps	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.09M	USD	Annual
Other comprehensive income (loss) - change in fair value of interest rate swaps	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.94M	USD	Annual
Net income	`ProfitLoss`	$12.91M	USD	1 Quarter
Net income	`ProfitLoss`	$10.83M	USD	1 Quarter
Net income	`ProfitLoss`	$39.76M	USD	Annual
Net income	`ProfitLoss`	$7.59M	USD	1 Quarter
Net income	`ProfitLoss`	$15.07M	USD	1 Quarter
Net income	`ProfitLoss`	$14.48M	USD	1 Quarter
Net income	`ProfitLoss`	$12.28M	USD	1 Quarter
Net income	`ProfitLoss`	$45.80M	USD	Annual
Net income	`ProfitLoss`	$58.79M	USD	Annual
Net income	`ProfitLoss`	$16.67M	USD	1 Quarter
Net income	`ProfitLoss`	$14.77M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$685.51M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$453.62M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$911.19M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$356.04M	USD	Point-in-time

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