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10-Q Filing

AGREE REALTY CORP CIK: 917251 Q3 2022
Filing Information
Form Type 10-Q
Accession Number 0001558370-22-015790
Period End Date 20220930
Filing Date 20221101
Fiscal Year 2022
Fiscal Period Q3
XBRL Instance adc-20220930x10q_htm.xml
Filing Contents
Balance Sheet 79 line items
Line Item Tag Value Unit Period
Land Land $1.84B USD Point-in-time
Land Land $1.56B USD Point-in-time
Buildings InvestmentBuildingAndBuildingImprovements $3.80B 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 $296.30M USD Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars) FiniteLivedIntangibleAssetsAccumulatedAmortization $240.24M USD Point-in-time
Real estate investments excluding property under development RealEstateInvestmentPropertyExcludingPropertyUnderDevelopmentNetOfAccumulatedDepreciation $4.36B USD Point-in-time
Real estate investments excluding property under development RealEstateInvestmentPropertyExcludingPropertyUnderDevelopmentNetOfAccumulatedDepreciation $5.34B USD Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars) FiniteLivedIntangibleAssetsAccumulatedAmortization $180.53M USD Point-in-time
Below market lease, accumulated amortization (in dollars) BelowMarketLeaseAccumulatedAmortization $34.36M USD Point-in-time
Property under development DevelopmentInProcess $50.69M 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
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
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Net Real Estate Investments RealEstateInvestmentPropertyNet $5.39B USD Point-in-time
Real Estate Held for Sale, net RealEstateHeldForSaleNetTotal $5.68M USD Point-in-time
Real Estate Held for Sale, net RealEstateHeldForSaleNetTotal - 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
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $43.25M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $250.49M USD Point-in-time
Cash Held in Escrows EscrowDeposit $2.00M USD Point-in-time
Cash Held in Escrows EscrowDeposit $1.03M 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 $68.70M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 180.00M shares Point-in-time
Lease Intangibles, net of accumulated amortization of $240,244 and $180,532 at September 30, 2022 and December 31, 2021, respectively FiniteLivedIntangibleAssetAcquiredInPlaceLeases $763.46M USD Point-in-time
Lease Intangibles, net of accumulated amortization of $240,244 and $180,532 at September 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
Other Assets, net OtherAssets $83.41M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 71.29M shares Point-in-time
Other Assets, net OtherAssets $81.61M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 88.57M shares Point-in-time
Total Assets Assets $5.23B USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 88.57M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 71.29M shares Point-in-time
Total Assets Assets $6.56B USD Point-in-time
Mortgage Notes Payable, net SecuredDebt $71.72M USD Point-in-time
Mortgage Notes Payable, net SecuredDebt $32.43M USD Point-in-time
Senior Unsecured Notes, net SeniorNotes $1.50B USD Point-in-time
Senior Unsecured Notes, net SeniorNotes $1.79B USD Point-in-time
Unsecured Revolving Credit Facility LineOfCredit $160.00M USD Point-in-time
Dividends and Distributions Payable DividendsPayableCurrentAndNoncurrent $21.43M 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 $85.64M USD Point-in-time
Lease Intangibles, net of accumulated amortization of $34,356 and $29,726 at September 30, 2022 and December 31, 2021, respectively BelowMarketLeaseNet $37.12M USD Point-in-time
Lease Intangibles, net of accumulated amortization of $34,356 and $29,726 at September 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 $2.01B 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, 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 September 30, 2022 and December 31, 2021 PreferredStockValue $175.00M USD Point-in-time
Common stock, $.0001 par value, 180,000,000 shares authorized, 88,573,248 and 71,285,311 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively CommonStockValue $7.00K USD Point-in-time
Common stock, $.0001 par value, 180,000,000 shares authorized, 88,573,248 and 71,285,311 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively CommonStockValue $9.00K USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $3.40B USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $4.55B USD Point-in-time
Dividends in excess of net income AccumulatedDistributionsInExcessOfNetIncome $147.37M USD Point-in-time
Dividends in excess of net income AccumulatedDistributionsInExcessOfNetIncome $203.04M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-5.50M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $24.12M USD Point-in-time
Total Equity - Agree Realty Corporation StockholdersEquity $4.55B USD Point-in-time
Total Equity - Agree Realty Corporation StockholdersEquity $3.42B USD Point-in-time
Non-controlling interest MinorityInterest $1.53M USD Point-in-time
Non-controlling interest MinorityInterest $1.63M USD Point-in-time
Total Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.55B USD Point-in-time
Total Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.34B USD Point-in-time
Total Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.42B 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 $3.68B USD Point-in-time
Total Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.80B USD Point-in-time
Total Equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.12B USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $6.56B USD Point-in-time
Total Liabilities and Equity LiabilitiesAndStockholdersEquity $5.23B USD Point-in-time
Income Statement 130 line items
Line Item Tag Value Unit Period
Rental income RevenueFromContractWithCustomerIncludingAssessedTax $313.14M USD 3 Qtrs
Rental income RevenueFromContractWithCustomerIncludingAssessedTax $87.47M USD 1 Quarter
Rental income RevenueFromContractWithCustomerIncludingAssessedTax $247.72M USD 3 Qtrs
Rental income RevenueFromContractWithCustomerIncludingAssessedTax $110.03M USD 1 Quarter
Other RevenueNotFromContractWithCustomerOther $34.00K USD 1 Quarter
Other RevenueNotFromContractWithCustomerOther $189.00K USD 3 Qtrs
Other RevenueNotFromContractWithCustomerOther $147.00K USD 3 Qtrs
Other RevenueNotFromContractWithCustomerOther $68.00K USD 1 Quarter
Total Revenues Revenues $110.06M USD 1 Quarter
Total Revenues Revenues $247.91M USD 3 Qtrs
Total Revenues Revenues $313.28M USD 3 Qtrs
Total Revenues Revenues $87.54M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $24.12M USD 3 Qtrs
Real estate taxes RealEstateTaxExpense $6.96M USD 1 Quarter
Real estate taxes RealEstateTaxExpense $18.81M USD 3 Qtrs
Real estate taxes RealEstateTaxExpense $8.53M USD 1 Quarter
Property operating expenses OperatingLeaseInitialDirectCostExpenseOverTerm $3.19M USD 1 Quarter
Property operating expenses OperatingLeaseInitialDirectCostExpenseOverTerm $4.56M USD 1 Quarter
Property operating expenses OperatingLeaseInitialDirectCostExpenseOverTerm $9.94M USD 3 Qtrs
Property operating expenses OperatingLeaseInitialDirectCostExpenseOverTerm $13.57M USD 3 Qtrs
Land lease expense OperatingLeaseExpense $400.00K USD 1 Quarter
Land lease expense OperatingLeaseExpense $404.00K USD 1 Quarter
Land lease expense OperatingLeaseExpense $1.21M USD 3 Qtrs
Land lease expense OperatingLeaseExpense $1.14M USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $18.81M USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $5.69M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $22.27M USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $6.99M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $95.67M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $24.49M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $35.16M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $69.16M USD 3 Qtrs
Provision for impairment ImpairmentOfLongLivedAssetsHeldForUse - USD 3 Qtrs
Provision for impairment ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Provision for impairment ImpairmentOfLongLivedAssetsHeldForUse $1.01M USD 3 Qtrs
Provision for impairment ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Total Operating Expenses CostsAndExpenses $157.85M USD 3 Qtrs
Total Operating Expenses CostsAndExpenses $55.64M USD 1 Quarter
Total Operating Expenses CostsAndExpenses $117.86M USD 3 Qtrs
Total Operating Expenses CostsAndExpenses $40.72M USD 1 Quarter
Gain (loss) on sale of assets, net GainsLossesOnSalesOfAssets $3.00M USD 1 Quarter
Gain (loss) on sale of assets, net GainsLossesOnSalesOfAssets $3.47M USD 1 Quarter
Gain (loss) on sale of assets, net GainsLossesOnSalesOfAssets $13.18M USD 3 Qtrs
Gain (loss) on sale of assets, net GainsLossesOnSalesOfAssets $5.33M USD 3 Qtrs
Gain (loss) on involuntary conversion, net GainLossOnInvoluntaryConversionOfAssets $-165.00K USD 3 Qtrs
Gain (loss) on involuntary conversion, net GainLossOnInvoluntaryConversionOfAssets $103.00K USD 3 Qtrs
Gain (loss) on involuntary conversion, net GainLossOnInvoluntaryConversionOfAssets $-115.00K USD 1 Quarter
Income from Operations OperatingIncomeLoss $50.29M USD 1 Quarter
Income from Operations OperatingIncomeLoss $143.34M USD 3 Qtrs
Income from Operations OperatingIncomeLoss $57.31M USD 1 Quarter
Income from Operations OperatingIncomeLoss $160.59M USD 3 Qtrs
Interest expense, net InterestExpense $46.59M USD 3 Qtrs
Interest expense, net InterestExpense $13.07M USD 1 Quarter
Interest expense, net InterestExpense $17.15M USD 1 Quarter
Interest expense, net InterestExpense $37.27M USD 3 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $2.14M USD 3 Qtrs
Income tax (expense) benefit IncomeTaxExpenseBenefit $390.00K USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $720.00K USD 1 Quarter
Income tax (expense) benefit IncomeTaxExpenseBenefit $1.88M USD 3 Qtrs
Loss on early extinguishment of term loans and settlement of related interest rate swaps GainLossOnEarlyExtinguishmentOfDebtAndSettlementOfRelatedInterestRateSwaps $-14.61M USD 3 Qtrs
Other (expense) income OtherNonoperatingIncomeExpense $132.00K USD 3 Qtrs
Other (expense) income OtherNonoperatingIncomeExpense $132.00K USD 1 Quarter
Net Income ProfitLoss $36.29M USD 1 Quarter
Net Income ProfitLoss $112.00M USD 3 Qtrs
Net Income ProfitLoss $22.46M USD 1 Quarter
Net Income ProfitLoss $36.13M USD 1 Quarter
Net Income ProfitLoss $39.58M USD 1 Quarter
Net Income ProfitLoss $89.57M USD 3 Qtrs
Net Income ProfitLoss $36.83M USD 1 Quarter
Net Income ProfitLoss $30.28M USD 1 Quarter
Less net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $485.00K USD 3 Qtrs
Less net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $447.00K USD 3 Qtrs
Less net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $167.00K USD 1 Quarter
Less net income attributable to non-controlling interest NetIncomeLossAttributableToNoncontrollingInterest $152.00K USD 1 Quarter
Net income attributable to Agree Realty Corporation NetIncomeLoss $111.51M USD 3 Qtrs
Net income attributable to Agree Realty Corporation NetIncomeLoss $89.12M USD 3 Qtrs
Net income attributable to Agree Realty Corporation NetIncomeLoss $39.42M USD 1 Quarter
Net income attributable to Agree Realty Corporation NetIncomeLoss $36.66M USD 1 Quarter
Less Series A preferred stock dividends PreferredStockDividendsIncomeStatementImpact $1.86M USD 1 Quarter
Less Series A preferred stock dividends PreferredStockDividendsIncomeStatementImpact $289.00K USD 3 Qtrs
Less Series A preferred stock dividends PreferredStockDividendsIncomeStatementImpact $5.58M USD 3 Qtrs
Less Series A preferred stock dividends PreferredStockDividendsIncomeStatementImpact $289.00K USD 1 Quarter
Net Income Attributable to Common Stockholders NetIncomeLossAvailableToCommonStockholdersBasic $37.57M USD 1 Quarter
Net Income Attributable to Common Stockholders NetIncomeLossAvailableToCommonStockholdersBasic $88.83M USD 3 Qtrs
Net Income Attributable to Common Stockholders NetIncomeLossAvailableToCommonStockholdersBasic $36.37M USD 1 Quarter
Net Income Attributable to Common Stockholders NetIncomeLossAvailableToCommonStockholdersBasic $105.93M USD 3 Qtrs
Basic EarningsPerShareBasic $0.47 USD 1 Quarter
Basic EarningsPerShareBasic $0.52 USD 1 Quarter
Basic EarningsPerShareBasic $1.40 USD 3 Qtrs
Basic EarningsPerShareBasic $1.35 USD 3 Qtrs
Diluted EarningsPerShareDiluted $1.39 USD 3 Qtrs
Diluted EarningsPerShareDiluted $0.52 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.34 USD 3 Qtrs
Diluted EarningsPerShareDiluted $0.46 USD 1 Quarter
Net income ProfitLoss $36.29M USD 1 Quarter
Net income ProfitLoss $112.00M USD 3 Qtrs
Net income ProfitLoss $22.46M USD 1 Quarter
Net income ProfitLoss $36.13M USD 1 Quarter
Net income ProfitLoss $39.58M USD 1 Quarter
Net income ProfitLoss $89.57M USD 3 Qtrs
Net income ProfitLoss $36.83M USD 1 Quarter
Net income ProfitLoss $30.28M USD 1 Quarter
Amortization of interest rate swaps OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement $-273.00K USD 1 Quarter
Amortization of interest rate swaps OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement $82.00K USD 1 Quarter
Amortization of interest rate swaps OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement $-109.00K USD 3 Qtrs
Amortization of interest rate swaps OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement $869.00K USD 3 Qtrs
Change in fair value and settlement of interest rate swaps OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $-7.18M USD 1 Quarter
Change in fair value and settlement of interest rate swaps OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $30.68M USD 3 Qtrs
Change in fair value and settlement of interest rate swaps OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $3.30M USD 1 Quarter
Change in fair value and settlement of interest rate swaps OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $29.88M USD 3 Qtrs
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $121.11M USD 3 Qtrs
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $141.77M USD 3 Qtrs
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $32.12M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $40.21M USD 1 Quarter
Less comprehensive income (loss) attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $465.00K USD 3 Qtrs
Less comprehensive income (loss) attributable to non-controlling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $630.00K 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 $121.00K USD 1 Quarter
Comprehensive Income (Loss) Attributable to Agree Realty Corporation ComprehensiveIncomeNetOfTax $32.00M USD 1 Quarter
Comprehensive Income (Loss) Attributable to Agree Realty Corporation ComprehensiveIncomeNetOfTax $40.03M USD 1 Quarter
Comprehensive Income (Loss) Attributable to Agree Realty Corporation ComprehensiveIncomeNetOfTax $141.14M USD 3 Qtrs
Comprehensive Income (Loss) Attributable to Agree Realty Corporation ComprehensiveIncomeNetOfTax $120.65M USD 3 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic WeightedAverageNumberOfSharesOutstandingBasic 79.70M shares 1 Quarter
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 75.36M shares 3 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted WeightedAverageNumberOfDilutedSharesOutstanding 80.59M shares 1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted WeightedAverageNumberOfDilutedSharesOutstanding 75.89M shares 3 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted WeightedAverageNumberOfDilutedSharesOutstanding 65.95M shares 3 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted WeightedAverageNumberOfDilutedSharesOutstanding 69.59M shares 1 Quarter
Cash Flow Statement 92 line items
Line Item Tag Value Unit Period
Real estate inventory, capitalized interest costs RealEstateInventoryCapitalizedInterestCosts $200.00K USD Point-in-time
Real estate inventory, capitalized interest costs RealEstateInventoryCapitalizedInterestCosts $816.00K USD Point-in-time
Mortgage debt discount AmortizationOfDebtDiscountPremium $2.55M USD 3 Qtrs
Net income ProfitLoss $36.29M USD 1 Quarter
Net income ProfitLoss $112.00M USD 3 Qtrs
Net income ProfitLoss $22.46M USD 1 Quarter
Net income ProfitLoss $36.13M USD 1 Quarter
Net income ProfitLoss $39.58M USD 1 Quarter
Net income ProfitLoss $89.57M USD 3 Qtrs
Net income ProfitLoss $36.83M USD 1 Quarter
Net income ProfitLoss $30.28M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $95.67M USD 3 Qtrs
Depreciation and amortization DepreciationAndAmortization $24.49M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $35.16M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $69.16M USD 3 Qtrs
Amortization from above (below) market lease intangibles, net AmortizationOfAboveAndBelowMarketLeases $16.63M USD 3 Qtrs
Amortization from above (below) market lease intangibles, net AmortizationOfAboveAndBelowMarketLeases $24.86M USD 3 Qtrs
Amortization from financing costs, credit facility costs and debt discount AmortizationOfFinancingCostsAndDiscounts $1.58M USD 3 Qtrs
Amortization from financing costs, credit facility costs and debt discount AmortizationOfFinancingCostsAndDiscounts $2.94M USD 3 Qtrs
Stock-based compensation ShareBasedCompensation $3.48M USD 3 Qtrs
Stock-based compensation ShareBasedCompensation $4.89M USD 3 Qtrs
Provision for impairment ImpairmentOfLongLivedAssetsHeldForUse - USD 3 Qtrs
Provision for impairment ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Provision for impairment ImpairmentOfLongLivedAssetsHeldForUse $1.01M USD 3 Qtrs
Provision for impairment ImpairmentOfLongLivedAssetsHeldForUse - USD 1 Quarter
Gain (loss) on settlement of interest rate swaps GainLossOnSettlementOfInterestRateSwaps $-28.41M 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 $5.33M USD 3 Qtrs
Write-off of unamortized financing 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 $15.23M USD 3 Qtrs
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $1.51M USD 3 Qtrs
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $-1.90M 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 $17.82M USD 3 Qtrs
Net Cash Provided by Operating Activities NetCashProvidedByUsedInOperatingActivities $185.97M USD 3 Qtrs
Net Cash Provided by Operating Activities NetCashProvidedByUsedInOperatingActivities $268.94M USD 3 Qtrs
Acquisition of real estate investments and other assets PaymentsToAcquireRealEstate $1.17B USD 3 Qtrs
Acquisition of real estate investments and other assets PaymentsToAcquireRealEstate $1.08B USD 3 Qtrs
Development of real estate investments and other assets, net of reimbursements (including capitalized interest of $816 in 2022 and $200 in 2021) PaymentsToDevelopRealEstateAssets $32.73M USD 3 Qtrs
Development of real estate investments and other assets, net of reimbursements (including capitalized interest of $816 in 2022 and $200 in 2021) PaymentsToDevelopRealEstateAssets $60.97M USD 3 Qtrs
Payment of leasing costs PaymentsForLeasingCosts $438.00K USD 3 Qtrs
Payment of leasing costs PaymentsForLeasingCosts $372.00K USD 3 Qtrs
Net proceeds from sale of assets ProceedsFromSaleOfProductiveAssets $46.83M USD 3 Qtrs
Net proceeds from sale of assets ProceedsFromSaleOfProductiveAssets $43.92M USD 3 Qtrs
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-1.07B USD 3 Qtrs
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-1.18B USD 3 Qtrs
Proceeds from Series A preferred stock offering, net ProceedsFromIssuanceOfPreferredStockAndPreferenceStock $170.28M USD 3 Qtrs
Proceeds from common stock offerings, net ProceedsFromIssuanceOfCommonStock $650.86M USD 3 Qtrs
Proceeds from common stock offerings, net ProceedsFromIssuanceOfCommonStock $1.15B USD 3 Qtrs
Repurchase of common shares PaymentsForRepurchaseOfCommonStock $1.89M USD 3 Qtrs
Repurchase of common shares PaymentsForRepurchaseOfCommonStock $1.81M USD 3 Qtrs
Unsecured revolving credit facility borrowings ProceedsFromLinesOfCredit $925.00M USD 3 Qtrs
Unsecured revolving credit facility borrowings ProceedsFromLinesOfCredit $434.00M USD 3 Qtrs
Unsecured revolving credit facility repayments RepaymentsOfLinesOfCredit $526.00M USD 3 Qtrs
Unsecured revolving credit facility repayments RepaymentsOfLinesOfCredit $1.08B USD 3 Qtrs
Payments of mortgage notes payable RepaymentsOfSecuredDebt $594.00K USD 3 Qtrs
Payments of mortgage notes payable RepaymentsOfSecuredDebt $633.00K USD 3 Qtrs
Payments of unsecured term loans RepaymentsOfUnsecuredDebt $240.00M USD 3 Qtrs
Proceeds from senior unsecured notes ProceedsFromUnsecuredNotesPayable $297.51M USD 3 Qtrs
Proceeds from senior unsecured notes ProceedsFromUnsecuredNotesPayable $640.62M USD 3 Qtrs
Payment of Series A preferred dividends PaymentsOfDividendsPreferredStockAndPreferenceStock $5.58M USD 3 Qtrs
Payment of common stock dividends PaymentsOfDividendsCommonStock $157.06M USD 3 Qtrs
Payment of common stock dividends PaymentsOfDividendsCommonStock $147.13M USD 3 Qtrs
Distributions to non-controlling interest PaymentsToMinorityShareholders $722.00K USD 3 Qtrs
Distributions to non-controlling interest PaymentsToMinorityShareholders $809.00K USD 3 Qtrs
Payments for financing costs PaymentsOfFinancingCosts $2.65M USD 3 Qtrs
Payments for financing costs PaymentsOfFinancingCosts $1.34M USD 3 Qtrs
Net Cash Provided by Financing Activities NetCashProvidedByUsedInFinancingActivities $1.12B 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 $206.26M USD 3 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 $45.25M USD Point-in-time
Cash and cash equivalents and cash held in escrow, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $251.51M USD Point-in-time
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, end 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 $251.51M USD Point-in-time
Cash and cash equivalents and cash held in escrow, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $102.81M USD Point-in-time
Cash paid for interest (net of amounts capitalized) InterestPaidNet $45.70M USD 3 Qtrs
Cash paid for interest (net of amounts capitalized) InterestPaidNet $30.80M USD 3 Qtrs
Cash paid for income tax IncomeTaxesPaidNet $2.38M USD 3 Qtrs
Cash paid for income tax IncomeTaxesPaidNet $1.79M USD 3 Qtrs
Lease right of use assets added under new ground leases AdditionalRightOfUseAssetsAddedUnderNewGroundLeases $1.82M USD 3 Qtrs
Lease right of use assets added under new ground leases AdditionalRightOfUseAssetsAddedUnderNewGroundLeases $6.30M USD 3 Qtrs
Mortgage note payable assumed, net of $2,548 mortgage debt discount NotesAssumed1 $39.70M USD 3 Qtrs
Dividends declared and unpaid DividendsPayableCurrentAndNoncurrent $21.43M USD Point-in-time
Dividends declared and unpaid DividendsPayableCurrentAndNoncurrent $16.88M USD Point-in-time
Change in accrual of development, construction and other real estate investment costs AccrualOfDevelopmentConstructionAndOtherRealEstateInvestmentCosts $2.34M USD 3 Qtrs
Change in accrual of development, construction and other real estate investment costs AccrualOfDevelopmentConstructionAndOtherRealEstateInvestmentCosts $-1.73M USD 3 Qtrs
Stockholders Equity 63 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.55B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.34B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.42B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.53B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.97B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.68B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.80B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.12B USD Point-in-time
Issuance of common stock, net of issuance costs StockIssuedDuringPeriodValueNewIssues $55.88M USD 1 Quarter
Issuance of common stock, net of issuance costs StockIssuedDuringPeriodValueNewIssues $250.68M USD 1 Quarter
Issuance of common stock, net of issuance costs StockIssuedDuringPeriodValueNewIssues $601.09M 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 $258.11M USD 1 Quarter
Repurchase of common shares StockRepurchasedDuringPeriodValue $66.00K USD 1 Quarter
Repurchase of common shares StockRepurchasedDuringPeriodValue $1.78M USD 1 Quarter
Repurchase of common shares StockRepurchasedDuringPeriodValue $76.00K USD 1 Quarter
Repurchase of common shares StockRepurchasedDuringPeriodValue $27.00K USD 1 Quarter
Repurchase of common shares StockRepurchasedDuringPeriodValue $1.75M 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 $468.00K USD 1 Quarter
Forfeiture of restricted stock StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures $61.00K USD 1 Quarter
Forfeiture of restricted stock StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures $92.00K 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
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.57M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.29M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.64M 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 $289.00K 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 $43.05M USD 1 Quarter
Dividends and distributions declared for the period Dividends $49.89M USD 1 Quarter
Dividends and distributions declared for the period Dividends $58.33M 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 $45.44M 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 $2.52M USD 1 Quarter
Amortization, changes in fair value and settlement of interest rate swaps OtherComprehensiveIncomeLossNetOfTax $3.38M 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 $-7.45M USD 1 Quarter
Amortization, changes in fair value and settlement of interest rate swaps OtherComprehensiveIncomeLossNetOfTax $25.65M USD 1 Quarter
Net income ProfitLoss $36.29M USD 1 Quarter
Net income ProfitLoss $112.00M USD 3 Qtrs
Net income ProfitLoss $22.46M USD 1 Quarter
Net income ProfitLoss $36.13M USD 1 Quarter
Net income ProfitLoss $39.58M USD 1 Quarter
Net income ProfitLoss $89.57M USD 3 Qtrs
Net income ProfitLoss $36.83M USD 1 Quarter
Net income ProfitLoss $30.28M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.55B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.34B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.42B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.53B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.97B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.68B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.80B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.12B USD Point-in-time

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

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