10-K Filing

AGREE REALTY CORP CIK: 917251 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001558370-22-001606`
Period End Date	20211231
Filing Date	20220222
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	adc-20211231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 96 Cash Flow Statement 124 Stockholders Equity 34

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$1.09B	USD	Point-in-time
Land	`Land`	$1.56B	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$2.37B	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$3.03B	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$233.86M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$172.58M	USD	Point-in-time
Real estate investments excluding property under development	`RealEstateInvestmentPropertyExcludingPropertyUnderDevelopmentNetOfAccumulatedDepreciation`	$3.29B	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$126.00M	USD	Point-in-time
Real estate investments excluding property under development	`RealEstateInvestmentPropertyExcludingPropertyUnderDevelopmentNetOfAccumulatedDepreciation`	$4.36B	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$180.53M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$10.65M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$7.15M	USD	Point-in-time
Below market lease, accumulated amortization (in dollars)	`BelowMarketLeaseAccumulatedAmortization`	$29.73M	USD	Point-in-time
Below market lease, accumulated amortization (in dollars)	`BelowMarketLeaseAccumulatedAmortization`	$24.65M	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
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$4.37B	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$3.30B	USD	Point-in-time
Real Estate Held for Sale, net	`RealEstateHeldForSaleNetTotal`	$5.68M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Real Estate Held for Sale, net	`RealEstateHeldForSaleNetTotal`	$1.20M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.14M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.25M	USD	Point-in-time
Cash Held in Escrows	`EscrowDeposit`	$2.00M	USD	Point-in-time
Cash Held in Escrows	`EscrowDeposit`	$1.82M	USD	Point-in-time
Accounts Receivable - Tenants, net	`AccountsReceivableNet`	$37.81M	USD	Point-in-time
Accounts Receivable - Tenants, net	`AccountsReceivableNet`	$53.44M	USD	Point-in-time
Lease Intangibles, net of accumulated amortization of $180,532 and $125,995 at December 31, 2021 and December 31, 2020, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$672.02M	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
Lease Intangibles, net of accumulated amortization of $180,532 and $125,995 at December 31, 2021 and December 31, 2020, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$473.59M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Other Assets, net	`OtherAssets`	$83.41M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Other Assets, net	`OtherAssets`	$61.45M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	71.29M	shares	Point-in-time
Total Assets	`Assets`	$5.23B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	60.02M	shares	Point-in-time
Total Assets	`Assets`	$3.89B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	60.02M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	71.29M	shares	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$33.12M	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$32.43M	USD	Point-in-time
Unsecured Term Loans, net	`UnsecuredDebt`	-	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`	$1.50B	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$92.00M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$160.00M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$34.55M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$16.88M	USD	Point-in-time
Accounts Payable, Accrued Expenses, and Other Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$70.00M	USD	Point-in-time
Accounts Payable, Accrued Expenses, and Other Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$71.39M	USD	Point-in-time
Lease Intangibles, net of accumulated amortization of $29,726 and $24,651 at December 31, 2021 and December 31, 2020, respectively	`BelowMarketLeaseNet`	$35.70M	USD	Point-in-time
Lease Intangibles, net of accumulated amortization of $29,726 and $24,651 at December 31, 2021 and December 31, 2020, respectively	`BelowMarketLeaseNet`	$33.08M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.36B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.81B	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 December 31, 2021, no shares issued and outstanding at December 31, 2020	`PreferredStockValue`	$175.00M	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 December 31, 2021, no shares issued and outstanding at December 31, 2020	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.0001 par value, 180,000,000 and 90,000,000 shares authorized, 71,285,311 and 60,021,483 shares issued and outstanding at December 31, 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, 71,285,311 and 60,021,483 shares issued and outstanding at December 31, 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`	$3.40B	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$147.37M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$91.34M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.50M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-36.27M	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$3.42B	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$2.52B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$1.63M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$1.76M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.42B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.69B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$5.23B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$3.89B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Rental income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$248.31M	USD	Annual
Rental income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$187.28M	USD	Annual
Rental income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$339.07M	USD	Annual
Other	`RevenueNotFromContractWithCustomerOther`	$199.00K	USD	Annual
Other	`RevenueNotFromContractWithCustomerOther`	$259.00K	USD	Annual
Other	`RevenueNotFromContractWithCustomerOther`	$256.00K	USD	Annual
Total Revenues	`Revenues`	$187.48M	USD	Annual
Total Revenues	`Revenues`	$339.32M	USD	Annual
Total Revenues	`Revenues`	$248.57M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$25.51M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$21.43M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$15.52M	USD	Annual
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$6.75M	USD	Annual
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$9.02M	USD	Annual
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$14.00M	USD	Annual
Land lease expense	`OperatingLeaseExpense`	$1.55M	USD	Annual
Land lease expense	`OperatingLeaseExpense`	$1.30M	USD	Annual
Land lease expense	`OperatingLeaseExpense`	$1.24M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$25.46M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$20.79M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$15.57M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$95.73M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$45.70M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$66.76M	USD	Annual
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.61M	USD	Annual
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$4.14M	USD	Annual
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.92M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$86.39M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$123.44M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$164.16M	USD	Annual
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$8.00M	USD	Annual
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$13.31M	USD	Annual
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$14.94M	USD	Annual
Gain (loss) on involuntary conversion, net	`GainLossOnInvoluntaryConversionOfAssets`	-	USD	Annual
Gain (loss) on involuntary conversion, net	`GainLossOnInvoluntaryConversionOfAssets`	$170.00K	USD	Annual
Gain (loss) on involuntary conversion, net	`GainLossOnInvoluntaryConversionOfAssets`	-	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$133.13M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$114.39M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$190.27M	USD	Annual
Interest expense, net	`InterestExpense`	$40.10M	USD	Annual
Interest expense, net	`InterestExpense`	$50.38M	USD	Annual
Interest expense, net	`InterestExpense`	$33.09M	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$2.40M	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$538.00K	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$1.09M	USD	Annual
Loss on early extinguishment of term loans and settlement of related interest rate swaps	`GainLossOnEarlyExtinguishmentOfDebtAndSettlementOfRelatedInterestRateSwaps`	-	USD	Annual
Loss on early extinguishment of term loans and settlement of related interest rate swaps	`GainLossOnEarlyExtinguishmentOfDebtAndSettlementOfRelatedInterestRateSwaps`	-	USD	Annual
Loss on early extinguishment of term loans and settlement of related interest rate swaps	`GainLossOnEarlyExtinguishmentOfDebtAndSettlementOfRelatedInterestRateSwaps`	$-14.61M	USD	Annual
Other (expense) income	`OtherNonoperatingIncomeExpense`	-	USD	Annual
Other (expense) income	`OtherNonoperatingIncomeExpense`	-	USD	Annual
Other (expense) income	`OtherNonoperatingIncomeExpense`	$23.00K	USD	Annual
Net Income	`ProfitLoss`	$122.88M	USD	Annual
Net Income	`ProfitLoss`	$91.97M	USD	Annual
Net Income	`ProfitLoss`	$80.76M	USD	Annual
Less net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$603.00K	USD	Annual
Less net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$682.00K	USD	Annual
Less net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$591.00K	USD	Annual
Net income attributable to Agree Realty Corporation	`NetIncomeLoss`	$91.38M	USD	Annual
Net income attributable to Agree Realty Corporation	`NetIncomeLoss`	$122.27M	USD	Annual
Net income attributable to Agree Realty Corporation	`NetIncomeLoss`	$80.08M	USD	Annual
Less Series A preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	Annual
Less Series A preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	Annual
Less Series A preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$2.15M	USD	Annual
Net Income Attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$120.12M	USD	Annual
Net Income Attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$91.38M	USD	Annual
Net Income Attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$80.08M	USD	Annual
Basic	`EarningsPerShareBasic`	$1.76	USD	Annual
Basic	`EarningsPerShareBasic`	$1.79	USD	Annual
Basic	`EarningsPerShareBasic`	$1.96	USD	Annual
Diluted	`EarningsPerShareDiluted`	$1.93	USD	Annual
Diluted	`EarningsPerShareDiluted`	$1.78	USD	Annual
Diluted	`EarningsPerShareDiluted`	$1.74	USD	Annual
Net income	`ProfitLoss`	$122.88M	USD	Annual
Net income	`ProfitLoss`	$91.97M	USD	Annual
Net income	`ProfitLoss`	$80.76M	USD	Annual
Amortization of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement`	$950.00K	USD	Annual
Amortization of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement`	$698.00K	USD	Annual
Amortization of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement`	$-14.00K	USD	Annual
Change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$29.98M	USD	Annual
Change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-7.97M	USD	Annual
Change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-30.69M	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$153.81M	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$72.78M	USD	Annual
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$61.98M	USD	Annual
Less comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$369.00K	USD	Annual
Less comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$611.00K	USD	Annual
Less comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$770.00K	USD	Annual
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$153.04M	USD	Annual
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$72.17M	USD	Annual
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$61.61M	USD	Annual
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	40.58M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	66.80M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	51.84M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	67.14M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.22M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	52.40M	shares	Annual

Cash Flow Statement 124 line items

Line Item	Tag	Value	Unit	Period
Real estate inventory, capitalized interest costs	`RealEstateInventoryCapitalizedInterestCosts`	$410.00K	USD	Point-in-time
Real estate inventory, capitalized interest costs	`RealEstateInventoryCapitalizedInterestCosts`	$109.00K	USD	Point-in-time
Real estate inventory, capitalized interest costs	`RealEstateInventoryCapitalizedInterestCosts`	$249.00K	USD	Point-in-time
Net income	`ProfitLoss`	$122.88M	USD	Annual
Net income	`ProfitLoss`	$91.97M	USD	Annual
Net income	`ProfitLoss`	$80.76M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$95.73M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$45.70M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$66.76M	USD	Annual
Amortization from above (below) market lease intangibles, net	`AmortizationOfAboveAndBelowMarketLeases`	$15.88M	USD	Annual
Amortization from above (below) market lease intangibles, net	`AmortizationOfAboveAndBelowMarketLeases`	$24.28M	USD	Annual
Amortization from above (below) market lease intangibles, net	`AmortizationOfAboveAndBelowMarketLeases`	$13.50M	USD	Annual
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.44M	USD	Annual
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.28M	USD	Annual
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$2.36M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$3.98M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$4.80M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$4.70M	USD	Annual
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.61M	USD	Annual
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$4.14M	USD	Annual
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.92M	USD	Annual
Gain (loss) on settlement of interest rate swaps	`SettlementOfInterestRateSwap`	$16.75M	USD	Annual
Gain (loss) on settlement of interest rate swaps	`SettlementOfInterestRateSwap`	$-22.67M	USD	Annual
Gain (loss) on settlement of interest rate swaps	`SettlementOfInterestRateSwap`	$788.00K	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$8.00M	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$14.94M	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$13.31M	USD	Annual
Write-off of unamortized finance costs upon debt extinguishment	`WriteOffOfDeferredDebtIssuanceCost`	$1.25M	USD	Annual
Write-off of unamortized finance costs upon debt extinguishment	`WriteOffOfDeferredDebtIssuanceCost`	-	USD	Annual
Write-off of unamortized finance costs upon debt extinguishment	`WriteOffOfDeferredDebtIssuanceCost`	-	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$11.98M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.30M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.07M	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.23M	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.50M	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.15M	USD	Annual
Increase (decrease) in accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInAccountsPayable`	$10.83M	USD	Annual
Increase (decrease) in accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInAccountsPayable`	$606.00K	USD	Annual
Increase (decrease) in accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInAccountsPayable`	$2.22M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$142.96M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$126.71M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$246.31M	USD	Annual
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$1.33B	USD	Annual
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$1.40B	USD	Annual
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$708.14M	USD	Annual
Development of real estate investments and other assets, net of reimbursements (including capitalized interest of $249 in 2021, $109 in 2020, and $410 in 2019)	`PaymentsToDevelopRealEstateAssets`	$41.46M	USD	Annual
Development of real estate investments and other assets, net of reimbursements (including capitalized interest of $249 in 2021, $109 in 2020, and $410 in 2019)	`PaymentsToDevelopRealEstateAssets`	$24.43M	USD	Annual
Development of real estate investments and other assets, net of reimbursements (including capitalized interest of $249 in 2021, $109 in 2020, and $410 in 2019)	`PaymentsToDevelopRealEstateAssets`	$19.62M	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$1.23M	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$468.00K	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$411.00K	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$65.46M	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$47.70M	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$56.00M	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-667.52M	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.30B	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.39B	USD	Annual
Proceeds from Series A preferred stock offering, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Proceeds from Series A preferred stock offering, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Proceeds from Series A preferred stock offering, net	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$170.31M	USD	Annual
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$896.12M	USD	Annual
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$744.85M	USD	Annual
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$472.75M	USD	Annual
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.64M	USD	Annual
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.81M	USD	Annual
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.41M	USD	Annual
Unsecured revolving credit facility borrowings (repayments), net	`ProceedsFromRepaymentsOfLinesOfCredit`	$68.00M	USD	Annual
Unsecured revolving credit facility borrowings (repayments), net	`ProceedsFromRepaymentsOfLinesOfCredit`	$70.00M	USD	Annual
Unsecured revolving credit facility borrowings (repayments), net	`ProceedsFromRepaymentsOfLinesOfCredit`	$3.00M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$799.00K	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$24.40M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$3.68M	USD	Annual
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	$18.54M	USD	Annual
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	$240.00M	USD	Annual
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	-	USD	Annual
Proceeds from senior unsecured notes	`ProceedsFromUnsecuredNotesPayable`	$640.62M	USD	Annual
Proceeds from senior unsecured notes	`ProceedsFromUnsecuredNotesPayable`	$349.75M	USD	Annual
Proceeds from senior unsecured notes	`ProceedsFromUnsecuredNotesPayable`	$125.00M	USD	Annual
Payment of Series A preferred dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	Annual
Payment of Series A preferred dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	Annual
Payment of Series A preferred dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$1.53M	USD	Annual
Payment of common stock dividends	`PaymentsOfDividendsCommonStock`	$90.26M	USD	Annual
Payment of common stock dividends	`PaymentsOfDividendsCommonStock`	$194.30M	USD	Annual
Payment of common stock dividends	`PaymentsOfDividendsCommonStock`	$116.11M	USD	Annual
Distributions to non-controlling interest	`PaymentsToMinorityShareholders`	$1.04M	USD	Annual
Distributions to non-controlling interest	`PaymentsToMinorityShareholders`	$782.00K	USD	Annual
Distributions to non-controlling interest	`PaymentsToMinorityShareholders`	$824.00K	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$6.70M	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$3.92M	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$3.36M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.12B	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.18B	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$528.99M	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents and Cash Held in Escrow	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-34.20M	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents and Cash Held in Escrow	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-11.82M	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents and Cash Held in Escrow	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$37.30M	USD	Annual
Cash and cash equivalents and cash held in escrow, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.25M	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, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.98M	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, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.25M	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`	$7.96M	USD	Point-in-time
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$56.15M	USD	Annual
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$29.93M	USD	Annual
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$37.71M	USD	Annual
Cash paid for income tax	`IncomeTaxesPaidNet`	$666.00K	USD	Annual
Cash paid for income tax	`IncomeTaxesPaidNet`	$1.82M	USD	Annual
Cash paid for income tax	`IncomeTaxesPaidNet`	$1.15M	USD	Annual
Operating lease right of use assets added upon implementation of leases standard on January 1, 2019	`RightOfUseAssetsAddedUponImplementationOfLease`	-	USD	Annual
Operating lease right of use assets added upon implementation of leases standard on January 1, 2019	`RightOfUseAssetsAddedUponImplementationOfLease`	-	USD	Annual
Operating lease right of use assets added upon implementation of leases standard on January 1, 2019	`RightOfUseAssetsAddedUponImplementationOfLease`	$7.50M	USD	Annual
Additional lease right of use assets added under new ground leases after January 1, 2019	`AdditionalRightOfUseAssetsAddedUnderNewGroundLeases`	$1.06M	USD	Annual
Additional lease right of use assets added under new ground leases after January 1, 2019	`AdditionalRightOfUseAssetsAddedUnderNewGroundLeases`	$6.30M	USD	Annual
Additional lease right of use assets added under new ground leases after January 1, 2019	`AdditionalRightOfUseAssetsAddedUnderNewGroundLeases`	$12.17M	USD	Annual
Operating lease right of use assets disposed of upon acquisition of underlying ground leased land	`OperatingLeaseRightOfUseAssetsDisposedOfUnderGroundLeases`	-	USD	Annual
Operating lease right of use assets disposed of upon acquisition of underlying ground leased land	`OperatingLeaseRightOfUseAssetsDisposedOfUnderGroundLeases`	-	USD	Annual
Operating lease right of use assets disposed of upon acquisition of underlying ground leased land	`OperatingLeaseRightOfUseAssetsDisposedOfUnderGroundLeases`	$-3.06M	USD	Annual
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$34.55M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$16.88M	USD	Point-in-time
Change in accrual of development, construction and other real estate investment costs	`AccrualOfDevelopmentConstructionAndOtherRealEstateInvestmentCosts`	$4.33M	USD	Annual
Change in accrual of development, construction and other real estate investment costs	`AccrualOfDevelopmentConstructionAndOtherRealEstateInvestmentCosts`	$-5.54M	USD	Annual
Change in accrual of development, construction and other real estate investment costs	`AccrualOfDevelopmentConstructionAndOtherRealEstateInvestmentCosts`	$10.46M	USD	Annual

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per depositary share of Series A preferred stock	`PreferredStockDividendsPerShareDeclared`	$0.09	USD	Point-in-time
Cash dividends declared per common share (in dollars per share)	`DividendsPayableAmountPerShare`	$2.60	USD	Point-in-time
Cash dividends declared per common share (in dollars per share)	`DividendsPayableAmountPerShare`	$2.40	USD	Point-in-time
Cash dividends declared per common share (in dollars per share)	`DividendsPayableAmountPerShare`	$2.28	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.42B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.69B	USD	Point-in-time
Issuance of stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$472.75M	USD	Annual
Issuance of stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$744.85M	USD	Annual
Issuance of stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$896.12M	USD	Annual
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.41M	USD	Annual
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.81M	USD	Annual
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.64M	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$29.00K	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$560.00K	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$9.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.01M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.36M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.71M	USD	Annual
Dividends and distributions declared for the period	`Dividends`	$126.47M	USD	Annual
Dividends and distributions declared for the period	`Dividends`	$95.02M	USD	Annual
Series A preferred dividends declared for the period	`DividendsPreferredStock`	$2.15M	USD	Annual
Common dividends and distributions declared for the period	`DividendsCommonStock`	$177.05M	USD	Annual
Amortization, changes in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-7.99M	USD	Annual
Amortization, changes in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$-30.00M	USD	Annual
Amortization, changes in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$30.93M	USD	Annual
Net income	`ProfitLoss`	$122.88M	USD	Annual
Net income	`ProfitLoss`	$91.97M	USD	Annual
Net income	`ProfitLoss`	$80.76M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.42B	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.