10-Q Filing

AGREE REALTY CORP CIK: 917251 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-011636`
Period End Date	20220630
Filing Date	20220802
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	adc-20220630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 125 Cash Flow Statement 86 Stockholders Equity 43

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$1.76B	USD	Point-in-time
Land	`Land`	$1.56B	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$3.56B	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$3.03B	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$274.32M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$233.86M	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
Real estate investments excluding property under development	`RealEstateInvestmentPropertyExcludingPropertyUnderDevelopmentNetOfAccumulatedDepreciation`	$5.05B	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$218.54M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$7.15M	USD	Point-in-time
Below market lease, accumulated amortization (in dollars)	`BelowMarketLeaseAccumulatedAmortization`	$32.72M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$43.05M	USD	Point-in-time
Below market lease, accumulated amortization (in dollars)	`BelowMarketLeaseAccumulatedAmortization`	$29.73M	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$4.37B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$5.09B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Real Estate Held for Sale, net	`RealEstateHeldForSaleNetTotal`	$5.68M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.25M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.27M	USD	Point-in-time
Cash Held in Escrows	`EscrowDeposit`	$2.00M	USD	Point-in-time
Cash Held in Escrows	`EscrowDeposit`	$840.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts Receivable - Tenants, net	`AccountsReceivableNet`	$53.44M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts Receivable - Tenants, net	`AccountsReceivableNet`	$61.41M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Lease Intangibles, net of accumulated amortization of $218,540 and $180,532 at June 30, 2022 and December 31, 2021, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$672.02M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	180.00M	shares	Point-in-time
Lease Intangibles, net of accumulated amortization of $218,540 and $180,532 at June 30, 2022 and December 31, 2021, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$739.32M	USD	Point-in-time
Other Assets, net	`OtherAssets`	$83.41M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	79.84M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	71.29M	shares	Point-in-time
Other Assets, net	`OtherAssets`	$118.73M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	71.29M	shares	Point-in-time
Total Assets	`Assets`	$6.04B	USD	Point-in-time
Total Assets	`Assets`	$5.23B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	79.84M	shares	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$32.43M	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$71.82M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$1.50B	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$1.50B	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$370.00M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$160.00M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$16.88M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$19.39M	USD	Point-in-time
Accounts Payable, Accrued Expenses, and Other Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$70.34M	USD	Point-in-time
Accounts Payable, Accrued Expenses, and Other Liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$70.00M	USD	Point-in-time
Lease Intangibles, net of accumulated amortization of $32,720 and $29,726 at June 30, 2022 and December 31, 2021, respectively	`BelowMarketLeaseNet`	$36.34M	USD	Point-in-time
Lease Intangibles, net of accumulated amortization of $32,720 and $29,726 at June 30, 2022 and December 31, 2021, respectively	`BelowMarketLeaseNet`	$33.08M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.81B	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.06B	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 June 30, 2022 and December 31, 2021	`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 June 30, 2022 and December 31, 2021	`PreferredStockValue`	$175.00M	USD	Point-in-time
Common stock, $.0001 par value, 180,000,000 shares authorized, 79,842,743 and 71,285,311 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$8.00K	USD	Point-in-time
Common stock, $.0001 par value, 180,000,000 shares authorized, 79,842,743 and 71,285,311 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$7.00K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$3.95B	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$3.40B	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$182.52M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$147.37M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.50M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$31.55M	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$3.97B	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$3.42B	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$1.63M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$1.66M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.97B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.12B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.68B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.42B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.80B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$5.23B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$6.04B	USD	Point-in-time

Income Statement 125 line items

Line Item	Tag	Value	Unit	Period
Rental income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$160.25M	USD	2 Qtrs
Rental income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$82.49M	USD	1 Quarter
Rental income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$104.79M	USD	1 Quarter
Rental income	`RevenueFromContractWithCustomerIncludingAssessedTax`	$203.10M	USD	2 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$113.00K	USD	2 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$52.00K	USD	1 Quarter
Other	`RevenueNotFromContractWithCustomerOther`	$121.00K	USD	2 Qtrs
Other	`RevenueNotFromContractWithCustomerOther`	$83.00K	USD	1 Quarter
Total Revenues	`Revenues`	$203.22M	USD	2 Qtrs
Total Revenues	`Revenues`	$104.88M	USD	1 Quarter
Total Revenues	`Revenues`	$160.37M	USD	2 Qtrs
Total Revenues	`Revenues`	$82.55M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$11.86M	USD	2 Qtrs
Real estate taxes	`RealEstateTaxExpense`	$15.59M	USD	2 Qtrs
Real estate taxes	`RealEstateTaxExpense`	$6.16M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$7.98M	USD	1 Quarter
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$9.02M	USD	2 Qtrs
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$4.54M	USD	1 Quarter
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$3.21M	USD	1 Quarter
Property operating expenses	`OperatingLeaseInitialDirectCostExpenseOverTerm`	$6.75M	USD	2 Qtrs
Land lease expense	`OperatingLeaseExpense`	$809.00K	USD	2 Qtrs
Land lease expense	`OperatingLeaseExpense`	$736.00K	USD	2 Qtrs
Land lease expense	`OperatingLeaseExpense`	$389.00K	USD	1 Quarter
Land lease expense	`OperatingLeaseExpense`	$407.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.27M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$13.12M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.65M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$6.24M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$31.95M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$23.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$60.51M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$44.68M	USD	2 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	2 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.01M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$102.22M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$39.19M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$77.14M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$52.53M	USD	1 Quarter
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$2.33M	USD	2 Qtrs
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$6.77M	USD	1 Quarter
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$17.00K	USD	1 Quarter
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$9.71M	USD	2 Qtrs
Gain (loss) on involuntary conversion, net	`GainLossOnInvoluntaryConversionOfAssets`	$-25.00K	USD	1 Quarter
Gain (loss) on involuntary conversion, net	`GainLossOnInvoluntaryConversionOfAssets`	$-14.00K	USD	1 Quarter
Gain (loss) on involuntary conversion, net	`GainLossOnInvoluntaryConversionOfAssets`	$-50.00K	USD	2 Qtrs
Gain (loss) on involuntary conversion, net	`GainLossOnInvoluntaryConversionOfAssets`	$103.00K	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$93.05M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$52.34M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$103.28M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$50.11M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$12.55M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$24.20M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$15.51M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$29.44M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$485.00K	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$1.49M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$1.42M	USD	2 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$698.00K	USD	1 Quarter
Loss on early extinguishment of term loans and settlement of related interest rate swaps	`GainLossOnEarlyExtinguishmentOfDebtAndSettlementOfRelatedInterestRateSwaps`	$-14.61M	USD	2 Qtrs
Loss on early extinguishment of term loans and settlement of related interest rate swaps	`GainLossOnEarlyExtinguishmentOfDebtAndSettlementOfRelatedInterestRateSwaps`	$-14.61M	USD	1 Quarter
Net Income	`ProfitLoss`	$36.13M	USD	1 Quarter
Net Income	`ProfitLoss`	$52.74M	USD	2 Qtrs
Net Income	`ProfitLoss`	$36.29M	USD	1 Quarter
Net Income	`ProfitLoss`	$72.42M	USD	2 Qtrs
Net Income	`ProfitLoss`	$30.28M	USD	1 Quarter
Net Income	`ProfitLoss`	$22.46M	USD	1 Quarter
Less net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$157.00K	USD	1 Quarter
Less net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$280.00K	USD	2 Qtrs
Less net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$333.00K	USD	2 Qtrs
Less net income attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$114.00K	USD	1 Quarter
Net income attributable to Agree Realty Corporation	`NetIncomeLoss`	$22.35M	USD	1 Quarter
Net income attributable to Agree Realty Corporation	`NetIncomeLoss`	$35.97M	USD	1 Quarter
Net income attributable to Agree Realty Corporation	`NetIncomeLoss`	$72.09M	USD	2 Qtrs
Net income attributable to Agree Realty Corporation	`NetIncomeLoss`	$52.46M	USD	2 Qtrs
Less Series A preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.72M	USD	2 Qtrs
Less Series A preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.86M	USD	1 Quarter
Less Series A preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	2 Qtrs
Net Income Attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$68.37M	USD	2 Qtrs
Net Income Attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$34.11M	USD	1 Quarter
Net Income Attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$22.35M	USD	1 Quarter
Net Income Attributable to Common Stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$52.46M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.82	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.93	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.45	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.45	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.82	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.93	USD	2 Qtrs
Net income	`ProfitLoss`	$36.13M	USD	1 Quarter
Net income	`ProfitLoss`	$52.74M	USD	2 Qtrs
Net income	`ProfitLoss`	$36.29M	USD	1 Quarter
Net income	`ProfitLoss`	$72.42M	USD	2 Qtrs
Net income	`ProfitLoss`	$30.28M	USD	1 Quarter
Net income	`ProfitLoss`	$22.46M	USD	1 Quarter
Amortization of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement`	$82.00K	USD	1 Quarter
Amortization of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement`	$164.00K	USD	2 Qtrs
Amortization of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement`	$787.00K	USD	2 Qtrs
Amortization of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement`	$287.00K	USD	1 Quarter
Change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$27.38M	USD	2 Qtrs
Change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$37.06M	USD	2 Qtrs
Change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$16.48M	USD	1 Quarter
Change in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.23M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$109.64M	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$24.98M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$80.90M	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$52.69M	USD	1 Quarter
Less comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$128.00K	USD	1 Quarter
Less comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$294.00K	USD	2 Qtrs
Less comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$233.00K	USD	1 Quarter
Less comprehensive income (loss) attributable to non-controlling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$509.00K	USD	2 Qtrs
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$80.61M	USD	2 Qtrs
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$52.46M	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$109.14M	USD	2 Qtrs
Comprehensive Income (Loss) Attributable to Agree Realty Corporation	`ComprehensiveIncomeNetOfTax`	$24.85M	USD	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	64.84M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	73.15M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	63.84M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	75.04M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	64.08M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	75.57M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	73.47M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	65.19M	shares	1 Quarter

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Real estate inventory, capitalized interest costs	`RealEstateInventoryCapitalizedInterestCosts`	$163.00K	USD	Point-in-time
Real estate inventory, capitalized interest costs	`RealEstateInventoryCapitalizedInterestCosts`	$262.00K	USD	Point-in-time
Mortgage debt discount	`AmortizationOfDebtDiscountPremium`	$2.55M	USD	2 Qtrs
Net income	`ProfitLoss`	$36.13M	USD	1 Quarter
Net income	`ProfitLoss`	$52.74M	USD	2 Qtrs
Net income	`ProfitLoss`	$36.29M	USD	1 Quarter
Net income	`ProfitLoss`	$72.42M	USD	2 Qtrs
Net income	`ProfitLoss`	$30.28M	USD	1 Quarter
Net income	`ProfitLoss`	$22.46M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$31.95M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$23.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$60.51M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$44.68M	USD	2 Qtrs
Amortization from above (below) market lease intangibles, net	`AmortizationOfAboveAndBelowMarketLeases`	$16.49M	USD	2 Qtrs
Amortization from above (below) market lease intangibles, net	`AmortizationOfAboveAndBelowMarketLeases`	$10.02M	USD	2 Qtrs
Amortization from financing costs, credit facility costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$1.88M	USD	2 Qtrs
Amortization from financing costs, credit facility costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$948.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$3.38M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$2.97M	USD	2 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	1 Quarter
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	2 Qtrs
Provision for impairment	`ImpairmentOfLongLivedAssetsHeldForUse`	$1.01M	USD	2 Qtrs
Gain (loss) on settlement of interest rate swaps	`SettlementOfInterestRateSwap`	$16.75M	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$9.71M	USD	2 Qtrs
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$2.33M	USD	2 Qtrs
Write-off of unamortized financing costs upon debt extinguishment	`WriteOffOfDeferredDebtIssuanceCost`	$1.25M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.38M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.79M	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$951.00K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.11M	USD	2 Qtrs
Increase (decrease) in accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInAccountsPayable`	$5.58M	USD	2 Qtrs
Increase (decrease) in accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInAccountsPayable`	$5.46M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$150.09M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$117.95M	USD	2 Qtrs
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$741.35M	USD	2 Qtrs
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$799.17M	USD	2 Qtrs
Development of real estate investments and other assets, net of reimbursements (including capitalized interest of $262 in 2022 and $163 in 2021)	`PaymentsToDevelopRealEstateAssets`	$46.10M	USD	2 Qtrs
Development of real estate investments and other assets, net of reimbursements (including capitalized interest of $262 in 2022 and $163 in 2021)	`PaymentsToDevelopRealEstateAssets`	$28.75M	USD	2 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$296.00K	USD	2 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$203.00K	USD	2 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$23.92M	USD	2 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$35.38M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-735.02M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-821.55M	USD	2 Qtrs
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$550.79M	USD	2 Qtrs
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$594.98M	USD	2 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.78M	USD	2 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.82M	USD	2 Qtrs
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$680.00M	USD	2 Qtrs
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$434.00M	USD	2 Qtrs
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$470.00M	USD	2 Qtrs
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$526.00M	USD	2 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$393.00K	USD	2 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$418.00K	USD	2 Qtrs
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	$240.00M	USD	2 Qtrs
Proceeds from senior unsecured notes	`ProceedsFromUnsecuredNotesPayable`	$640.62M	USD	2 Qtrs
Payment of Series A preferred dividends	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$3.72M	USD	2 Qtrs
Payment of common stock dividends	`PaymentsOfDividendsCommonStock`	$102.11M	USD	2 Qtrs
Payment of common stock dividends	`PaymentsOfDividendsCommonStock`	$101.02M	USD	2 Qtrs
Distributions to non-controlling interest	`PaymentsToMinorityShareholders`	$582.00K	USD	2 Qtrs
Distributions to non-controlling interest	`PaymentsToMinorityShareholders`	$478.00K	USD	2 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	$23.00K	USD	2 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	$1.24M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$653.32M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$797.50M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents and Cash Held in Escrow	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-18.14M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents and Cash Held in Escrow	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$180.43M	USD	2 Qtrs
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`	$27.11M	USD	Point-in-time
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`	$188.38M	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`	$27.11M	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`	$188.38M	USD	Point-in-time
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$18.82M	USD	2 Qtrs
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$28.50M	USD	2 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	$1.79M	USD	2 Qtrs
Cash paid for income tax	`IncomeTaxesPaidNet`	$2.33M	USD	2 Qtrs
Lease right of use assets added under new ground leases	`AdditionalRightOfUseAssetsAddedUnderNewGroundLeases`	$6.30M	USD	2 Qtrs
Mortgage note payable assumed, net of $2,548 mortgage debt discount	`NotesAssumed1`	$39.70M	USD	2 Qtrs
Dividends declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$16.88M	USD	Point-in-time
Dividends declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$19.39M	USD	Point-in-time
Change in accrual of development, construction and other real estate investment costs	`AccrualOfDevelopmentConstructionAndOtherRealEstateInvestmentCosts`	$-341.00K	USD	2 Qtrs
Change in accrual of development, construction and other real estate investment costs	`AccrualOfDevelopmentConstructionAndOtherRealEstateInvestmentCosts`	$-1.82M	USD	2 Qtrs

Stockholders Equity 43 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.97B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.12B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.68B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.42B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.80B	USD	Point-in-time
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$258.11M	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$300.11M	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$336.88M	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$250.68M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.75M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.78M	USD	1 Quarter
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$76.00K	USD	1 Quarter
Issuance of restricted stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$22.00K	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`	$648.00K	USD	1 Quarter
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$92.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.64M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.45M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.74M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.29M	USD	1 Quarter
Series A preferred dividends declared for the period	`DividendsPreferredStock`	$1.86M	USD	1 Quarter
Series A preferred dividends declared for the period	`DividendsPreferredStock`	$1.86M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$49.89M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$40.12M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$54.11M	USD	1 Quarter
Dividends and distributions declared for the period	`Dividends`	$43.05M	USD	1 Quarter
Amortization, changes in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$2.52M	USD	1 Quarter
Amortization, changes in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$16.56M	USD	1 Quarter
Amortization, changes in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$20.66M	USD	1 Quarter
Amortization, changes in fair value and settlement of interest rate swaps	`OtherComprehensiveIncomeLossNetOfTax`	$25.65M	USD	1 Quarter
Net income	`ProfitLoss`	$36.13M	USD	1 Quarter
Net income	`ProfitLoss`	$52.74M	USD	2 Qtrs
Net income	`ProfitLoss`	$36.29M	USD	1 Quarter
Net income	`ProfitLoss`	$72.42M	USD	2 Qtrs
Net income	`ProfitLoss`	$30.28M	USD	1 Quarter
Net income	`ProfitLoss`	$22.46M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.53B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.97B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.12B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.68B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.42B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.80B	USD	Point-in-time

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