10-Q Filing

AGREE REALTY CORP CIK: 917251 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001558370-20-008238`
Period End Date	20200630
Filing Date	20200720
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	adc-20200630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 112 Cash Flow Statement 81 Stockholders Equity 38

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$89.12M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$105.30M	USD	Point-in-time
Below market lease, accumulated amortization (in dollars)	`BelowMarketLeaseAccumulatedAmortization`	$19.31M	USD	Point-in-time
Below market lease, accumulated amortization (in dollars)	`BelowMarketLeaseAccumulatedAmortization`	$21.76M	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
Land	`Land`	$856.11M	USD	Point-in-time
Land	`Land`	$735.99M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$1.93B	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$1.60B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	53.85M	shares	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$146.27M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$127.75M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	45.57M	shares	Point-in-time
Real estate investments excluding property under development	`RealEstateInvestmentPropertyExcludingPropertyUnderDevelopmentNetOfAccumulatedDepreciation`	$2.64B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	45.57M	shares	Point-in-time
Real estate investments excluding property under development	`RealEstateInvestmentPropertyExcludingPropertyUnderDevelopmentNetOfAccumulatedDepreciation`	$2.21B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	53.85M	shares	Point-in-time
Property under development	`DevelopmentInProcess`	$6.17M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$10.06M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$2.22B	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$2.64B	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Real Estate Held for Sale, net	`RealEstateHeldForSaleNetTotal`	$3.75M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.34M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.60M	USD	Point-in-time
Cash Held in Escrows	`EscrowDeposit`	$26.55M	USD	Point-in-time
Cash Held in Escrows	`EscrowDeposit`	$7.04M	USD	Point-in-time
Accounts Receivable - Tenants	`AccountsReceivableNet`	$26.81M	USD	Point-in-time
Accounts Receivable - Tenants	`AccountsReceivableNet`	$34.00M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $105,296 and $89,118 at June 30, 2020 and December 31, 2019, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$343.51M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $105,296 and $89,118 at June 30, 2020 and December 31, 2019, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$368.81M	USD	Point-in-time
Other Assets, net	`OtherAssets`	$29.32M	USD	Point-in-time
Other Assets, net	`OtherAssets`	$29.71M	USD	Point-in-time
Total Assets	`Assets`	$2.66B	USD	Point-in-time
Total Assets	`Assets`	$3.11B	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$33.51M	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$36.70M	USD	Point-in-time
Unsecured Term Loans, net	`UnsecuredDebt`	$237.40M	USD	Point-in-time
Unsecured Term Loans, net	`UnsecuredDebt`	$237.27M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$509.25M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$509.20M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$89.00M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$32.52M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$25.01M	USD	Point-in-time
Accounts Payable, Accrued Expenses, and Other Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$48.99M	USD	Point-in-time
Accounts Payable, Accrued Expenses, and Other Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$80.09M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $21,758 and $19,307 at June 30, 2020 and December 31, 2019, respectively	`BelowMarketLeaseNet`	$26.67M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $21,758 and $19,307 at June 30, 2020 and December 31, 2019, respectively	`BelowMarketLeaseNet`	$33.02M	USD	Point-in-time
Total Liabilities	`Liabilities`	$972.97M	USD	Point-in-time
Total Liabilities	`Liabilities`	$925.67M	USD	Point-in-time
Common stock, $.0001 par value, 90,000,000 shares authorized, 53,851,092 and 45,573,623 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Common stock, $.0001 par value, 90,000,000 shares authorized, 53,851,092 and 45,573,623 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$1.75B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$2.30B	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$57.09M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$69.59M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-41.54M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.49M	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$1.69B	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$2.18B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$1.88M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.23M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.76B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.19B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.47B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.69B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.66B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$3.11B	USD	Point-in-time

Income Statement 112 line items

Line Item	Tag	Value	Unit	Period
Rental Income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$44.88M	USD	1 Quarter
Rental Income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$113.26M	USD	2 Qtrs
Rental Income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$57.48M	USD	1 Quarter
Rental Income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$87.22M	USD	2 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$85.00K	USD	2 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$49.00K	USD	2 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$45.00K	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$59.00K	USD	1 Quarter
Total Revenues	`Revenues`	$57.53M	USD	1 Quarter
Total Revenues	`Revenues`	$113.34M	USD	2 Qtrs
Total Revenues	`Revenues`	$87.27M	USD	2 Qtrs
Total Revenues	`Revenues`	$44.92M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$3.72M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$9.54M	USD	2 Qtrs
Real estate taxes	`RealEstateTaxExpense`	$7.34M	USD	2 Qtrs
Real estate taxes	`RealEstateTaxExpense`	$4.84M	USD	1 Quarter
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$1.50M	USD	1 Quarter
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$4.20M	USD	2 Qtrs
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$3.23M	USD	2 Qtrs
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$1.86M	USD	1 Quarter
Land lease expense	`OperatingLeaseExpense`	$372.00K	USD	1 Quarter
Land lease expense	`OperatingLeaseExpense`	$325.00K	USD	1 Quarter
Land lease expense	`OperatingLeaseExpense`	$568.00K	USD	2 Qtrs
Land lease expense	`OperatingLeaseExpense`	$652.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.59M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.91M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.88M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.24M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$15.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.84M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$29.74M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$20.70M	USD	2 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.13M	USD	1 Quarter
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.61M	USD	2 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.13M	USD	2 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.19M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$21.50M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$54.50M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$41.37M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$28.35M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$58.84M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$29.19M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$45.90M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$23.42M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$18.15M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$15.01M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$7.46M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$8.48M	USD	1 Quarter
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$6.38M	USD	2 Qtrs
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$2.95M	USD	1 Quarter
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$4.95M	USD	1 Quarter
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$6.60M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$520.00K	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$195.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$26.00K	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$260.00K	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$23.00K	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$23.00K	USD	2 Qtrs
Net Income	`ProfitLoss`	$18.72M	USD	1 Quarter
Net Income	`ProfitLoss`	$21.37M	USD	1 Quarter
Net Income	`ProfitLoss`	$18.52M	USD	1 Quarter
Net Income	`ProfitLoss`	$46.79M	USD	2 Qtrs
Net Income	`ProfitLoss`	$37.24M	USD	2 Qtrs
Net Income	`ProfitLoss`	$25.42M	USD	1 Quarter
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$166.00K	USD	1 Quarter
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$308.00K	USD	2 Qtrs
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$327.00K	USD	2 Qtrs
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$158.00K	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$46.49M	USD	2 Qtrs
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$36.91M	USD	2 Qtrs
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$18.56M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$25.26M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.94	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.94	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.93	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.92	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
Net income	`ProfitLoss`	$18.72M	USD	1 Quarter
Net income	`ProfitLoss`	$21.37M	USD	1 Quarter
Net income	`ProfitLoss`	$18.52M	USD	1 Quarter
Net income	`ProfitLoss`	$46.79M	USD	2 Qtrs
Net income	`ProfitLoss`	$37.24M	USD	2 Qtrs
Net income	`ProfitLoss`	$25.42M	USD	1 Quarter
Changes in fair value of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-3.79M	USD	1 Quarter
Changes in fair value of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-7.20M	USD	2 Qtrs
Changes in fair value of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-2.24M	USD	1 Quarter
Changes in fair value of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-35.27M	USD	2 Qtrs
Realized gain (loss) on settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement`	$-17.00K	USD	1 Quarter
Realized gain (loss) on settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement`	$-33.00K	USD	2 Qtrs
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$11.49M	USD	2 Qtrs
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$23.16M	USD	1 Quarter
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$30.04M	USD	2 Qtrs
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$14.93M	USD	1 Quarter
Less Comprehensive Income (Loss) Attributable to Non-Controlling Interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$151.00K	USD	1 Quarter
Less Comprehensive Income (Loss) Attributable to Non-Controlling Interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$125.00K	USD	1 Quarter
Less Comprehensive Income (Loss) Attributable to Non-Controlling Interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$264.00K	USD	2 Qtrs
Less Comprehensive Income (Loss) Attributable to Non-Controlling Interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$42.00K	USD	2 Qtrs
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$29.77M	USD	2 Qtrs
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$23.01M	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$11.45M	USD	2 Qtrs
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$14.80M	USD	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.61M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.06M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	49.08M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	52.73M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.14M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.42M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.75M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.27M	shares	1 Quarter

Cash Flow Statement 81 line items

Line Item	Tag	Value	Unit	Period
Real estate inventory, capitalized interest costs	`RealEstateInventoryCapitalizedInterestCosts`	$203.00K	USD	Point-in-time
Real estate inventory, capitalized interest costs	`RealEstateInventoryCapitalizedInterestCosts`	$55.00K	USD	Point-in-time
Net income	`ProfitLoss`	$18.72M	USD	1 Quarter
Net income	`ProfitLoss`	$21.37M	USD	1 Quarter
Net income	`ProfitLoss`	$18.52M	USD	1 Quarter
Net income	`ProfitLoss`	$46.79M	USD	2 Qtrs
Net income	`ProfitLoss`	$37.24M	USD	2 Qtrs
Net income	`ProfitLoss`	$25.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.84M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$29.74M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$20.70M	USD	2 Qtrs
Amortization from above (below) market lease intangibles, net	`AmortizationOfAboveAndBelowMarketLeases`	$7.59M	USD	2 Qtrs
Amortization from above (below) market lease intangibles, net	`AmortizationOfAboveAndBelowMarketLeases`	$6.50M	USD	2 Qtrs
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$650.00K	USD	2 Qtrs
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$647.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.94M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.24M	USD	2 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.13M	USD	1 Quarter
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.61M	USD	2 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.13M	USD	2 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.19M	USD	1 Quarter
Settlement of interest rate swap	`SettlementOfInterestRateSwap`	$802.00K	USD	2 Qtrs
Settlement of interest rate swap	`SettlementOfInterestRateSwap`	$-33.00K	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$6.38M	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$6.60M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.84M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.12M	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$963.00K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$435.00K	USD	2 Qtrs
Increase (decrease) in accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInAccountsPayable`	$-663.00K	USD	2 Qtrs
Increase (decrease) in accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInAccountsPayable`	$-5.17M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$67.78M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$57.60M	USD	2 Qtrs
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$504.39M	USD	2 Qtrs
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$320.93M	USD	2 Qtrs
Development of real estate investments and other assets (including capitalized interest of $55 in 2020, $203 in 2019)	`PaymentsToDevelopRealEstateAssets`	$10.36M	USD	2 Qtrs
Development of real estate investments and other assets (including capitalized interest of $55 in 2020, $203 in 2019)	`PaymentsToDevelopRealEstateAssets`	$6.96M	USD	2 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$224.00K	USD	2 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$388.00K	USD	2 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$26.80M	USD	2 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$42.60M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-469.14M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-304.71M	USD	2 Qtrs
Proceeds (costs) from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$541.72M	USD	2 Qtrs
Proceeds (costs) from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$244.51M	USD	2 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.63M	USD	2 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.40M	USD	2 Qtrs
Unsecured revolving credit facility borrowings (repayments), net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-89.00M	USD	2 Qtrs
Unsecured revolving credit facility borrowings (repayments), net	`ProceedsFromRepaymentsOfLinesOfCredit`	$35.00M	USD	2 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$1.35M	USD	2 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$3.24M	USD	2 Qtrs
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	$18.54M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$51.49M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$42.18M	USD	2 Qtrs
Distributions to Non-Controlling Interest	`PaymentsToMinorityShareholders`	$407.00K	USD	2 Qtrs
Distributions to Non-Controlling Interest	`PaymentsToMinorityShareholders`	$386.00K	USD	2 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	$364.00K	USD	2 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	$83.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$215.57M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$395.59M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-31.55M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-5.77M	USD	2 Qtrs
Cash and cash equivalents and cash held in escrow, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.98M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.38M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.43M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.16M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.98M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.38M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.43M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.16M	USD	Point-in-time
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$15.51M	USD	2 Qtrs
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$17.93M	USD	2 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	$841.00K	USD	2 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	$748.00K	USD	2 Qtrs
Operating lease right of use assets added upon implementation of leases standard on January 1, 2019	`RightOfUseAssetsAddedUponImplementationOfLease`	$7.50M	USD	2 Qtrs
Additional operating lease right of use assets added under new ground leases after January 1, 2019	`AdditionalRightOfUseAssetsAddedUnderNewGroundLeases`	$12.17M	USD	2 Qtrs
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$24.12M	USD	2 Qtrs
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$32.52M	USD	2 Qtrs
Accrual of development, construction and other real estate investment costs	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$1.79M	USD	2 Qtrs
Accrual of development, construction and other real estate investment costs	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$6.59M	USD	2 Qtrs

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per common share (in dollars per share)	`DividendsPayableAmountPerShare`	$0.60	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.76B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.19B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.47B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.69B	USD	Point-in-time
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$104.61M	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$186.67M	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$57.84M	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$437.10M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.63M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$3.00K	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.40M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.02M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.22M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.01M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$913.00K	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$24.12M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$26.88M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$32.52M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$21.54M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and realized gain (loss) on settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-33.04M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and realized gain (loss) on settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-3.40M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and realized gain (loss) on settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-3.79M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and realized gain (loss) on settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-2.26M	USD	1 Quarter
Net income	`ProfitLoss`	$18.72M	USD	1 Quarter
Net income	`ProfitLoss`	$21.37M	USD	1 Quarter
Net income	`ProfitLoss`	$18.52M	USD	1 Quarter
Net income	`ProfitLoss`	$46.79M	USD	2 Qtrs
Net income	`ProfitLoss`	$37.24M	USD	2 Qtrs
Net income	`ProfitLoss`	$25.42M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.76B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.19B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.47B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.69B	USD	Point-in-time

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