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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Real Estate Investments    
Land $ 638,946 $ 553,704
Buildings 1,375,773 1,194,985
Less accumulated depreciation (112,951) (100,312)
Real estate investments excluding property under development 1,901,768 1,648,377
Property under development 16,950 12,957
Net Real Estate Investments 1,918,718 1,661,334
Real Estate Held for Sale, net 2,074  
Cash and Cash Equivalents 5,520 53,955
Cash Held in Escrows 16,909 20
Accounts Receivable - Tenants 24,914 21,547
Lease intangibles, net of accumulated amortization of $74,995 and $62,543 at June 30, 2019 and December 31, 2018, respectively 307,303 280,153
Other Assets, net 29,005 11,180
Total Assets 2,304,443 2,028,189
LIABILITIES    
Mortgage Notes Payable, net 59,670 60,926
Unsecured Term Loans, net 237,980 256,419
Senior Unsecured Notes, net 384,143 384,064
Unsecured Revolving Credit Facility 54,000 19,000
Dividends and Distributions Payable 24,119 21,031
Accounts Payable, Accrued Expenses, and Other Liabilities 48,700 21,045
Accounts Payable and Accrued Expenses    
Lease intangibles, net of accumulated amortization of $17,426 and $15,177 at June 30, 2019 and December 31, 2018, respectively 27,908 27,218
Total Liabilities 836,520 789,703
EQUITY    
Common stock, $.0001 par value, 90,000,000 shares authorized, 41,967,282 and 37,545,790 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively 4 4
Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized
Additional paid-in-capital 1,522,644 1,277,592
Dividends in excess of net income (51,298) (42,945)
Accumulated other comprehensive income (loss) (5,711) 1,424
Total Equity - Agree Realty Corporation 1,465,639 1,236,075
Non-controlling interest 2,284 2,411
Total Equity 1,467,923 1,238,486
Total Liabilities and Equity $ 2,304,443 $ 2,028,189