10-Q Filing

AGREE REALTY CORP CIK: 917251 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001558370-21-013910`
Period End Date	20210930
Filing Date	20211101
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	adc-20210930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 125 Cash Flow Statement 89 Stockholders Equity 65

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$1.46B	USD	Point-in-time
Land	`Land`	$1.09B	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$2.86B	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$2.37B	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$172.58M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$216.78M	USD	Point-in-time
Real estate investments excluding property under development	`RealEstateInvestmentPropertyExcludingPropertyUnderDevelopmentNetOfAccumulatedDepreciation`	$3.29B	USD	Point-in-time
Real estate investments excluding property under development	`RealEstateInvestmentPropertyExcludingPropertyUnderDevelopmentNetOfAccumulatedDepreciation`	$4.11B	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$164.52M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$126.00M	USD	Point-in-time
Below market lease, accumulated amortization (in dollars)	`BelowMarketLeaseAccumulatedAmortization`	$28.30M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$7.73M	USD	Point-in-time
Below market lease, accumulated amortization (in dollars)	`BelowMarketLeaseAccumulatedAmortization`	$24.65M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$10.65M	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$4.11B	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
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$3.30B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Real Estate Held for Sale, net	`RealEstateHeldForSaleNetTotal`	$1.20M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Real Estate Held for Sale, net	`RealEstateHeldForSaleNetTotal`	$5.57M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	69.78M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.14M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$91.88M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	60.02M	shares	Point-in-time
Cash Held in Escrows	`EscrowDeposit`	$1.82M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	60.02M	shares	Point-in-time
Cash Held in Escrows	`EscrowDeposit`	$10.93M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	69.78M	shares	Point-in-time
Accounts Receivable - Tenants	`AccountsReceivableNet`	$37.81M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts Receivable - Tenants	`AccountsReceivableNet`	$52.85M	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 $164,517 and $125,995 at September 30, 2021 and December 31, 2020, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$473.59M	USD	Point-in-time
Lease Intangibles, net of accumulated amortization of $164,517 and $125,995 at September 30, 2021 and December 31, 2020, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$645.59M	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
Other Assets, net	`OtherAssets`	$61.45M	USD	Point-in-time
Other Assets, net	`OtherAssets`	$76.63M	USD	Point-in-time
Total Assets	`Assets`	$3.89B	USD	Point-in-time
Total Assets	`Assets`	$5.00B	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$33.12M	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$32.61M	USD	Point-in-time
Unsecured Term Loans, net	`UnsecuredDebt`	$237.85M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$855.33M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$1.49B	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$92.00M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$34.55M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$15.51M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$32.52M	USD	Point-in-time
Accounts Payable, Accrued Expenses, and Other Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$71.39M	USD	Point-in-time
Accounts Payable, Accrued Expenses, and Other Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$80.49M	USD	Point-in-time
Lease Intangibles, net of accumulated amortization of $28,303 and $24,651 at September 30, 2021 and December 31, 2020, respectively	`BelowMarketLeaseNet`	$35.70M	USD	Point-in-time
Lease Intangibles, net of accumulated amortization of $28,303 and $24,651 at September 30, 2021 and December 31, 2020, respectively	`BelowMarketLeaseNet`	$32.54M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.66B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.36B	USD	Point-in-time
Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized,7,000 shares Series A outstanding, at stated liquidation value of $25,000 per share, at September 30, 2021, no shares issued and outstanding at December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized,7,000 shares Series A outstanding, at stated liquidation value of $25,000 per share, at September 30, 2021, no shares issued and outstanding at December 31, 2020	`PreferredStockValue`	$175.00M	USD	Point-in-time
Common stock, $.0001 par value, 180,000,000 and 90,000,000 shares authorized, 69,779,748 and 60,021,483 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$6.00K	USD	Point-in-time
Common stock, $.0001 par value, 180,000,000 and 90,000,000 shares authorized, 69,779,748 and 60,021,483 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$7.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$2.65B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$3.30B	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$91.34M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$130.46M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-36.27M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.89M	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$2.52B	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$3.34B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$1.72M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$1.76M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.19B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.80B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.27B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.69B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.12B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.34B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.76B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$3.89B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$5.00B	USD	Point-in-time

Income Statement 125 line items

Line Item	Tag	Value	Unit	Period
Rental income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$63.70M	USD	1 Quarter
Rental income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$87.47M	USD	1 Quarter
Rental income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$247.72M	USD	3 Qtrs
Rental income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$176.96M	USD	3 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$193.00K	USD	3 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$109.00K	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$68.00K	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$189.00K	USD	3 Qtrs
Total Revenues	`Revenues`	$177.15M	USD	3 Qtrs
Total Revenues	`Revenues`	$63.81M	USD	1 Quarter
Total Revenues	`Revenues`	$87.54M	USD	1 Quarter
Total Revenues	`Revenues`	$247.91M	USD	3 Qtrs
Real estate taxes	`RealEstateTaxExpense`	$15.06M	USD	3 Qtrs
Real estate taxes	`RealEstateTaxExpense`	$5.52M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$6.96M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$18.81M	USD	3 Qtrs
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$6.30M	USD	3 Qtrs
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$9.94M	USD	3 Qtrs
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$3.19M	USD	1 Quarter
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$2.11M	USD	1 Quarter
Land lease expense	`OperatingLeaseExpense`	$400.00K	USD	1 Quarter
Land lease expense	`OperatingLeaseExpense`	$1.14M	USD	3 Qtrs
Land lease expense	`OperatingLeaseExpense`	$977.00K	USD	3 Qtrs
Land lease expense	`OperatingLeaseExpense`	$325.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$18.81M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.76M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.69M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$14.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$17.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$69.16M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$47.07M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$24.49M	USD	1 Quarter
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	3 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$2.87M	USD	1 Quarter
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$4.00M	USD	3 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$117.86M	USD	3 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$87.40M	USD	3 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$32.90M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$40.72M	USD	1 Quarter
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$970.00K	USD	1 Quarter
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$13.18M	USD	3 Qtrs
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$7.57M	USD	3 Qtrs
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$3.47M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$50.29M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$97.32M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$143.23M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$31.88M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$10.16M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$28.31M	USD	3 Qtrs
Interest expense, net	`InterestExpense`	$13.07M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$37.27M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$306.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$390.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$826.00K	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$1.88M	USD	3 Qtrs
Gain (loss) on early extinguishment of term loans and settlement of related interest rate swaps	`GainLossOnEarlyExtinguishmentOfDebtAndSettlementOfRelatedInterestRateSwaps`	$-14.61M	USD	3 Qtrs
Other (expense) income	`OtherNonoperatingIncomeExpense`	$23.00K	USD	3 Qtrs
Other (expense) income	`OtherNonoperatingIncomeExpense`	$103.00K	USD	3 Qtrs
Net Income	`ProfitLoss`	$21.37M	USD	1 Quarter
Net Income	`ProfitLoss`	$68.21M	USD	3 Qtrs
Net Income	`ProfitLoss`	$22.46M	USD	1 Quarter
Net Income	`ProfitLoss`	$21.42M	USD	1 Quarter
Net Income	`ProfitLoss`	$89.57M	USD	3 Qtrs
Net Income	`ProfitLoss`	$30.28M	USD	1 Quarter
Net Income	`ProfitLoss`	$25.42M	USD	1 Quarter
Net Income	`ProfitLoss`	$36.83M	USD	1 Quarter
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`	$167.00K	USD	1 Quarter
Less net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$447.00K	USD	3 Qtrs
Net income attributable to Agree Realty Corporation	`NetIncomeLoss`	$36.66M	USD	1 Quarter
Net income attributable to Agree Realty Corporation	`NetIncomeLoss`	$89.12M	USD	3 Qtrs
Net income attributable to Agree Realty Corporation	`NetIncomeLoss`	$67.77M	USD	3 Qtrs
Net income attributable to Agree Realty Corporation	`NetIncomeLoss`	$21.28M	USD	1 Quarter
Less Series A preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$289.00K	USD	3 Qtrs
Less Series A preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Less Series A preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	3 Qtrs
Less Series A preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$289.00K	USD	1 Quarter
Net Income Attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$21.28M	USD	1 Quarter
Net Income Attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$67.77M	USD	3 Qtrs
Net Income Attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$88.83M	USD	3 Qtrs
Net Income Attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$36.37M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.33	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.35	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.34	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.32	USD	3 Qtrs
Net income	`ProfitLoss`	$21.37M	USD	1 Quarter
Net income	`ProfitLoss`	$68.21M	USD	3 Qtrs
Net income	`ProfitLoss`	$22.46M	USD	1 Quarter
Net income	`ProfitLoss`	$21.42M	USD	1 Quarter
Net income	`ProfitLoss`	$89.57M	USD	3 Qtrs
Net income	`ProfitLoss`	$30.28M	USD	1 Quarter
Net income	`ProfitLoss`	$25.42M	USD	1 Quarter
Net income	`ProfitLoss`	$36.83M	USD	1 Quarter
Realized gain (loss) on settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement`	$82.00K	USD	1 Quarter
Realized gain (loss) on settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement`	$869.00K	USD	3 Qtrs
Other comprehensive income (loss) - change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$3.30M	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`	$30.68M	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$34.33M	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$121.11M	USD	3 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$40.21M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$22.84M	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`	$185.00K	USD	1 Quarter
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`	$465.00K	USD	3 Qtrs
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$40.03M	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$120.65M	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`	69.10M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	65.62M	shares	3 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	53.72M	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`	69.59M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	51.15M	shares	3 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.95M	shares	3 Qtrs

Cash Flow Statement 89 line items

Line Item	Tag	Value	Unit	Period
Real estate inventory, capitalized interest costs	`RealEstateInventoryCapitalizedInterestCosts`	$109.00K	USD	Point-in-time
Real estate inventory, capitalized interest costs	`RealEstateInventoryCapitalizedInterestCosts`	$200.00K	USD	Point-in-time
Net income	`ProfitLoss`	$21.37M	USD	1 Quarter
Net income	`ProfitLoss`	$68.21M	USD	3 Qtrs
Net income	`ProfitLoss`	$22.46M	USD	1 Quarter
Net income	`ProfitLoss`	$21.42M	USD	1 Quarter
Net income	`ProfitLoss`	$89.57M	USD	3 Qtrs
Net income	`ProfitLoss`	$30.28M	USD	1 Quarter
Net income	`ProfitLoss`	$25.42M	USD	1 Quarter
Net income	`ProfitLoss`	$36.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$17.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$69.16M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$47.07M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$24.49M	USD	1 Quarter
Amortization from above (below) market lease intangibles, net	`AmortizationOfAboveAndBelowMarketLeases`	$11.55M	USD	3 Qtrs
Amortization from above (below) market lease intangibles, net	`AmortizationOfAboveAndBelowMarketLeases`	$16.63M	USD	3 Qtrs
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.03M	USD	3 Qtrs
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.58M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.47M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.48M	USD	3 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	3 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$2.87M	USD	1 Quarter
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$4.00M	USD	3 Qtrs
Gain (loss) on settlement of interest rate swaps	`GainLossOnSettlementOfInterestRateSwaps`	$23.17M	USD	3 Qtrs
Gain (loss) on settlement of interest rate swaps	`GainLossOnSettlementOfInterestRateSwaps`	$-16.75M	USD	3 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$13.18M	USD	3 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$7.57M	USD	3 Qtrs
Write-off of unamortized finance costs upon debt extinguishment	`WriteOffOfDeferredDebtIssuanceCost`	$1.25M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.65M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$13.48M	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.51M	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.36M	USD	3 Qtrs
Increase (decrease) in accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInAccountsPayable`	$17.89M	USD	3 Qtrs
Increase (decrease) in accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInAccountsPayable`	$1.11M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$90.86M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$185.97M	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`	$1.08B	USD	3 Qtrs
Development of real estate investments, net of reimbursements (including capitalized interest of $200 in 2021, $109 in 2020)	`PaymentsForProceedsFromDevelopRealEstateAssets`	$32.73M	USD	3 Qtrs
Development of real estate investments, net of reimbursements (including capitalized interest of $200 in 2021, $109 in 2020)	`PaymentsForProceedsFromDevelopRealEstateAssets`	$14.34M	USD	3 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$388.00K	USD	3 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$438.00K	USD	3 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$46.83M	USD	3 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$45.98M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-933.72M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.07B	USD	3 Qtrs
Proceeds from Series A preferred stock offering, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$170.28M	USD	3 Qtrs
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$629.59M	USD	3 Qtrs
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$650.86M	USD	3 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.64M	USD	3 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.81M	USD	3 Qtrs
Unsecured revolving credit facility borrowings (repayments), net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-92.00M	USD	3 Qtrs
Unsecured revolving credit facility borrowings (repayments), net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-69.00M	USD	3 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$594.00K	USD	3 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$3.47M	USD	3 Qtrs
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	$240.00M	USD	3 Qtrs
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	$640.62M	USD	3 Qtrs
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	$349.75M	USD	3 Qtrs
Payment of common stock dividends	`PaymentsOfDividendsCommonStock`	$147.13M	USD	3 Qtrs
Payment of common stock dividends	`PaymentsOfDividendsCommonStock`	$83.80M	USD	3 Qtrs
Distributions to non-controlling interest	`PaymentsToMinorityShareholders`	$615.00K	USD	3 Qtrs
Distributions to non-controlling interest	`PaymentsToMinorityShareholders`	$809.00K	USD	3 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	$3.87M	USD	3 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	$1.34M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$816.94M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$978.08M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents and Cash Held in Escrow	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$94.85M	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`	$102.81M	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, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.96M	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`	$102.81M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.23M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.96M	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`	$25.35M	USD	3 Qtrs
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$30.80M	USD	3 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	$1.79M	USD	3 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	$1.14M	USD	3 Qtrs
Additional lease right of use assets added under new ground leases after January 1, 2019	`AdditionalRightOfUseAssetsAddedUnderNewGroundLeases`	$6.30M	USD	3 Qtrs
Series A preferred dividends declared and unpaid	`DividendsPreferredStock`	$289.00K	USD	3 Qtrs
Series A preferred dividends declared and unpaid	`DividendsPreferredStock`	$289.00K	USD	1 Quarter
Common stock dividends and limited partners' distributions declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$34.55M	USD	Point-in-time
Common stock dividends and limited partners' distributions declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$15.51M	USD	Point-in-time
Common stock dividends and limited partners' distributions declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$32.52M	USD	Point-in-time
Change in accrual of development, construction and other real estate investment costs	`AccrualOfDevelopmentConstructionAndOtherRealEstateInvestmentCosts`	$-1.73M	USD	3 Qtrs
Change in accrual of development, construction and other real estate investment costs	`AccrualOfDevelopmentConstructionAndOtherRealEstateInvestmentCosts`	$7.67M	USD	3 Qtrs

Stockholders Equity 65 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.19B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.80B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.27B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.69B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.12B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.34B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.76B	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`	$55.88M	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`	$258.11M	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$87.87M	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$336.88M	USD	1 Quarter
Issuance of Series A preferred stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$437.10M	USD	1 Quarter
Issuance of Series A preferred stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$55.88M	USD	1 Quarter
Issuance of Series A preferred stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$104.61M	USD	1 Quarter
Issuance of Series A preferred stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$258.11M	USD	1 Quarter
Issuance of Series A preferred stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$87.87M	USD	1 Quarter
Issuance of Series A preferred stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$336.88M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$27.00K	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$3.00K	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.78M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$7.00K	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.63M	USD	1 Quarter
Issuance of restricted stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$298.00K	USD	1 Quarter
Issuance of stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$22.00K	USD	1 Quarter
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$92.00K	USD	1 Quarter
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$468.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.22M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.29M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.45M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.23M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.29M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.01M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$26.88M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$43.05M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$32.52M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$32.52M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$40.12M	USD	1 Quarter
Series A preferred dividends declared for the period	`DividendsPreferredStock`	$289.00K	USD	3 Qtrs
Series A preferred dividends declared for the period	`DividendsPreferredStock`	$289.00K	USD	1 Quarter
Common dividends and distributions declared for the period	`DividendsCommonStock`	$45.44M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-33.04M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$2.52M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$25.65M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-2.26M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$3.38M	USD	1 Quarter
Other comprehensive income (loss) - change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$1.42M	USD	1 Quarter
Net income	`ProfitLoss`	$21.37M	USD	1 Quarter
Net income	`ProfitLoss`	$68.21M	USD	3 Qtrs
Net income	`ProfitLoss`	$22.46M	USD	1 Quarter
Net income	`ProfitLoss`	$21.42M	USD	1 Quarter
Net income	`ProfitLoss`	$89.57M	USD	3 Qtrs
Net income	`ProfitLoss`	$30.28M	USD	1 Quarter
Net income	`ProfitLoss`	$25.42M	USD	1 Quarter
Net income	`ProfitLoss`	$36.83M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.19B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.80B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.27B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.69B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.12B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.34B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.76B	USD	Point-in-time

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