10-Q Filing

AGREE REALTY CORP CIK: 917251 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001558370-20-011554`
Period End Date	20200930
Filing Date	20201019
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	adc-20200930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 113 Cash Flow Statement 85 Stockholders Equity 55

Balance Sheet 81 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`	$114.99M	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`	$23.07M	USD	Point-in-time
Land	`Land`	$735.99M	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`	$981.48M	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 authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$2.18B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	45.57M	shares	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$127.75M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	55.37M	shares	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$158.72M	USD	Point-in-time
Real estate investments excluding property under development	`RealEstateInvestmentPropertyExcludingPropertyUnderDevelopmentNetOfAccumulatedDepreciation`	$2.21B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	45.57M	shares	Point-in-time
Real estate investments excluding property under development	`RealEstateInvestmentPropertyExcludingPropertyUnderDevelopmentNetOfAccumulatedDepreciation`	$3.01B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	55.37M	shares	Point-in-time
Property under development	`DevelopmentInProcess`	$8.23M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$10.06M	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
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$3.02B	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$2.22B	USD	Point-in-time
Real Estate Held for Sale, net	`RealEstateHeldForSaleNetTotal`	$3.75M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.71M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.60M	USD	Point-in-time
Cash Held in Escrows	`EscrowDeposit`	$1.51M	USD	Point-in-time
Cash Held in Escrows	`EscrowDeposit`	$26.55M	USD	Point-in-time
Accounts Receivable - Tenants	`AccountsReceivableNet`	$39.31M	USD	Point-in-time
Accounts Receivable - Tenants	`AccountsReceivableNet`	$26.81M	USD	Point-in-time
Lease Intangibles, net of accumulated amortization of $114,990 and $89,118 at September 30, 2020 and December 31, 2019, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$422.37M	USD	Point-in-time
Lease Intangibles, net of accumulated amortization of $114,990 and $89,118 at September 30, 2020 and December 31, 2019, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$343.51M	USD	Point-in-time
Other Assets, net	`OtherAssets`	$54.10M	USD	Point-in-time
Other Assets, net	`OtherAssets`	$29.71M	USD	Point-in-time
Total Assets	`Assets`	$3.55B	USD	Point-in-time
Total Assets	`Assets`	$2.66B	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$33.30M	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`	$237.76M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$855.23M	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
Unsecured Revolving Credit Facility	`LineOfCredit`	$20.00M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$25.01M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$32.52M	USD	Point-in-time
Accounts Payable, Accrued Expenses, and Other Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$67.87M	USD	Point-in-time
Accounts Payable, Accrued Expenses, and Other Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$48.99M	USD	Point-in-time
Lease Intangibles, net of accumulated amortization of $23,067 and $19,307 at September 30, 2020 and December 31, 2019, respectively	`BelowMarketLeaseNet`	$35.53M	USD	Point-in-time
Lease Intangibles, net of accumulated amortization of $23,067 and $19,307 at September 30, 2020 and December 31, 2019, respectively	`BelowMarketLeaseNet`	$26.67M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.28B	USD	Point-in-time
Total Liabilities	`Liabilities`	$972.97M	USD	Point-in-time
Common stock, $.0001 par value, 90,000,000 shares authorized, 55,370,525 and 45,573,623 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$5.00K	USD	Point-in-time
Common stock, $.0001 par value, 90,000,000 shares authorized, 55,370,525 and 45,573,623 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$6.00K	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`	$2.38B	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$57.09M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$80.63M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.49M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-40.14M	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$1.69B	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$2.26B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.23M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$1.82M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.19B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.76B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.49B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.27B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.47B	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`	$3.55B	USD	Point-in-time

Income Statement 113 line items

Line Item	Tag	Value	Unit	Period
Rental income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$48.02M	USD	1 Quarter
Rental income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$135.24M	USD	3 Qtrs
Rental income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$176.96M	USD	3 Qtrs
Rental income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$63.70M	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$109.00K	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$102.00K	USD	3 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$193.00K	USD	3 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$55.00K	USD	1 Quarter
Total Revenues	`Revenues`	$135.34M	USD	3 Qtrs
Total Revenues	`Revenues`	$177.15M	USD	3 Qtrs
Total Revenues	`Revenues`	$48.08M	USD	1 Quarter
Total Revenues	`Revenues`	$63.81M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$3.67M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$15.06M	USD	3 Qtrs
Real estate taxes	`RealEstateTaxExpense`	$5.52M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$11.02M	USD	3 Qtrs
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$2.11M	USD	1 Quarter
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$6.30M	USD	3 Qtrs
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$4.83M	USD	3 Qtrs
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$1.60M	USD	1 Quarter
Land lease expense	`OperatingLeaseExpense`	$977.00K	USD	3 Qtrs
Land lease expense	`OperatingLeaseExpense`	$922.00K	USD	3 Qtrs
Land lease expense	`OperatingLeaseExpense`	$354.00K	USD	1 Quarter
Land lease expense	`OperatingLeaseExpense`	$325.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.76M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.00M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.83M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.75M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$32.60M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$47.07M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$17.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.90M	USD	1 Quarter
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$4.00M	USD	3 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.61M	USD	3 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$2.87M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$62.72M	USD	3 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$21.36M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$87.40M	USD	3 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$32.90M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$30.91M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$72.62M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$89.75M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$26.72M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$8.35M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$23.36M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$28.31M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$10.16M	USD	1 Quarter
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$7.57M	USD	3 Qtrs
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$8.97M	USD	3 Qtrs
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$970.00K	USD	1 Quarter
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$2.60M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$826.00K	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$210.00K	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$306.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$184.00K	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$23.00K	USD	3 Qtrs
Net Income	`ProfitLoss`	$68.21M	USD	3 Qtrs
Net Income	`ProfitLoss`	$18.72M	USD	1 Quarter
Net Income	`ProfitLoss`	$58.02M	USD	3 Qtrs
Net Income	`ProfitLoss`	$20.78M	USD	1 Quarter
Net Income	`ProfitLoss`	$18.52M	USD	1 Quarter
Net Income	`ProfitLoss`	$25.42M	USD	1 Quarter
Net Income	`ProfitLoss`	$21.37M	USD	1 Quarter
Net Income	`ProfitLoss`	$21.42M	USD	1 Quarter
Less net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$498.00K	USD	3 Qtrs
Less net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$444.00K	USD	3 Qtrs
Less net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$136.00K	USD	1 Quarter
Less net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$170.00K	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$20.61M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$57.52M	USD	3 Qtrs
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$21.28M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$67.77M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.33	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.43	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.32	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.41	USD	3 Qtrs
Net income	`ProfitLoss`	$68.21M	USD	3 Qtrs
Net income	`ProfitLoss`	$18.72M	USD	1 Quarter
Net income	`ProfitLoss`	$58.02M	USD	3 Qtrs
Net income	`ProfitLoss`	$20.78M	USD	1 Quarter
Net income	`ProfitLoss`	$18.52M	USD	1 Quarter
Net income	`ProfitLoss`	$25.42M	USD	1 Quarter
Net income	`ProfitLoss`	$21.37M	USD	1 Quarter
Net income	`ProfitLoss`	$21.42M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$1.42M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-33.88M	USD	3 Qtrs
Other comprehensive income (loss) - change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-13.81M	USD	3 Qtrs
Other comprehensive income (loss) - change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-7.42M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$13.36M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$22.84M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$44.20M	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$34.33M	USD	3 Qtrs
Less comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$152.00K	USD	1 Quarter
Less comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$187.00K	USD	3 Qtrs
Less comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$367.00K	USD	3 Qtrs
Less comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$109.00K	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$13.25M	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$43.84M	USD	3 Qtrs
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$34.14M	USD	3 Qtrs
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$22.68M	USD	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	50.64M	shares	3 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	39.99M	shares	3 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	53.72M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	41.83M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.56M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.63M	shares	3 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.32M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.15M	shares	3 Qtrs

Cash Flow Statement 85 line items

Line Item	Tag	Value	Unit	Period
Real estate inventory, capitalized interest costs	`RealEstateInventoryCapitalizedInterestCosts`	$321.00K	USD	Point-in-time
Real estate inventory, capitalized interest costs	`RealEstateInventoryCapitalizedInterestCosts`	$109.00K	USD	Point-in-time
Net income	`ProfitLoss`	$68.21M	USD	3 Qtrs
Net income	`ProfitLoss`	$18.72M	USD	1 Quarter
Net income	`ProfitLoss`	$58.02M	USD	3 Qtrs
Net income	`ProfitLoss`	$20.78M	USD	1 Quarter
Net income	`ProfitLoss`	$18.52M	USD	1 Quarter
Net income	`ProfitLoss`	$25.42M	USD	1 Quarter
Net income	`ProfitLoss`	$21.37M	USD	1 Quarter
Net income	`ProfitLoss`	$21.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$32.60M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$47.07M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$17.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.90M	USD	1 Quarter
Amortization from above (below) market lease intangibles, net	`AmortizationOfAboveAndBelowMarketLeases`	$9.88M	USD	3 Qtrs
Amortization from above (below) market lease intangibles, net	`AmortizationOfAboveAndBelowMarketLeases`	$11.55M	USD	3 Qtrs
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.03M	USD	3 Qtrs
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$966.00K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.47M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.97M	USD	3 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$4.00M	USD	3 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.61M	USD	3 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$2.87M	USD	1 Quarter
Settlement of interest rate swaps	`SettlementOfInterestRateSwap`	$802.00K	USD	3 Qtrs
Settlement of interest rate swaps	`SettlementOfInterestRateSwap`	$-23.17M	USD	3 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$7.57M	USD	3 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$8.97M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.48M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.47M	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.36M	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-47.00K	USD	3 Qtrs
Increase (decrease) in accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInAccountsPayable`	$1.11M	USD	3 Qtrs
Increase (decrease) in accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInAccountsPayable`	$-4.91M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$90.86M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$88.54M	USD	3 Qtrs
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$964.97M	USD	3 Qtrs
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$568.52M	USD	3 Qtrs
Development of real estate investments and other assets (including capitalized interest of $109 in 2020, $321 in 2019)	`PaymentsToDevelopRealEstateAssets`	$13.88M	USD	3 Qtrs
Development of real estate investments and other assets (including capitalized interest of $109 in 2020, $321 in 2019)	`PaymentsToDevelopRealEstateAssets`	$14.34M	USD	3 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$292.00K	USD	3 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$388.00K	USD	3 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$34.51M	USD	3 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$45.98M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-548.18M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-933.72M	USD	3 Qtrs
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$276.96M	USD	3 Qtrs
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$629.59M	USD	3 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.40M	USD	3 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.64M	USD	3 Qtrs
Unsecured revolving credit facility borrowings (repayments), net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-69.00M	USD	3 Qtrs
Unsecured revolving credit facility borrowings (repayments), net	`ProceedsFromRepaymentsOfLinesOfCredit`	$229.00M	USD	3 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$2.65M	USD	3 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$3.47M	USD	3 Qtrs
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	$18.54M	USD	3 Qtrs
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	$349.75M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$66.10M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$83.80M	USD	3 Qtrs
Distributions to non-controlling interest	`PaymentsToMinorityShareholders`	$615.00K	USD	3 Qtrs
Distributions to non-controlling interest	`PaymentsToMinorityShareholders`	$582.00K	USD	3 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	$217.00K	USD	3 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	$3.87M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$816.94M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$416.47M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents and Cash Held in Escrow	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-43.17M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents and Cash Held in Escrow	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-25.93M	USD	3 Qtrs
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, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.98M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.80M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.23M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, end 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`	$10.80M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.23M	USD	Point-in-time
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$25.50M	USD	3 Qtrs
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$25.35M	USD	3 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	$1.14M	USD	3 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	$754.00K	USD	3 Qtrs
Operating lease right of use assets added upon implementation of leases standard on January 1, 2019	`RightOfUseAssetsAddedUponImplementationOfLease`	$7.50M	USD	3 Qtrs
Additional operating lease right of use assets added under new ground leases after January 1, 2019	`AdditionalRightOfUseAssetsAddedUnderNewGroundLeases`	$12.17M	USD	3 Qtrs
Operating lease right of use assets disposed of upon acquisition of underlying ground leased land	`OperatingLeaseRightOfUseAssetsDisposedOfUnderGroundLeases`	$-3.06M	USD	3 Qtrs
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$32.52M	USD	3 Qtrs
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$24.35M	USD	3 Qtrs
Accrual of development, construction and other real estate investment costs	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$7.33M	USD	3 Qtrs
Accrual of development, construction and other real estate investment costs	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$7.67M	USD	3 Qtrs

Stockholders Equity 55 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`	$1.29B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.19B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.76B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.49B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.27B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.47B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.69B	USD	Point-in-time
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$437.10M	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`	$186.67M	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$104.61M	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$32.45M	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$87.87M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.40M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$7.00K	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$4.00K	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$3.00K	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.63M	USD	1 Quarter
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$2.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.03M	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`	$1.23M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$913.00K	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$26.88M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$21.54M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$32.52M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$24.12M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$24.35M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$32.52M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and gain (loss) on settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-7.42M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and gain (loss) on settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$1.42M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and gain (loss) on settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-3.40M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and gain (loss) on settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-2.26M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and gain (loss) on settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-3.79M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and gain (loss) on settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-33.04M	USD	1 Quarter
Net income	`ProfitLoss`	$68.21M	USD	3 Qtrs
Net income	`ProfitLoss`	$18.72M	USD	1 Quarter
Net income	`ProfitLoss`	$58.02M	USD	3 Qtrs
Net income	`ProfitLoss`	$20.78M	USD	1 Quarter
Net income	`ProfitLoss`	$18.52M	USD	1 Quarter
Net income	`ProfitLoss`	$25.42M	USD	1 Quarter
Net income	`ProfitLoss`	$21.37M	USD	1 Quarter
Net income	`ProfitLoss`	$21.42M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.29B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.19B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.76B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.49B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.27B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.47B	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.