Schedule of Amortization of Deferred Expenses [Table Text Block]

The following schedule summarizes the Company’s amortization of deferred expenses for the three and six months ended June 30, 2019 and 2018 (in thousands):


	Three months ended				Six Months Ended
	June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018

Deferred Financing Costs	$	143	$	101	$	285	$	202
Leasing Costs		81		41		161		84
Lease Intangibles (In-place)		2,392		2,014		4,443		4,006
Lease Intangibles (Above-Market)		4,360		3,619		8,734		6,963
Lease Intangibles (Below-Market)		(1,135)		(1,106)		(2,233)		(2,207)
Total	$	5,841	$	4,669	$	11,390	$	9,048

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following is a reconciliation of the numerator and denominator for the basic net earnings per common share and diluted net earnings per common share computation for each of the periods presented: (in thousands, except for share data)


		Three months ended				Six months ended
		June 30, 2019		June 30, 2018		June 30, 2019		June 30, 2018
Net income attributable to Agree Realty Corporation	$	18,564	$	12,923	$	36,911	$	29,375
Less: Income attributable to unvested restricted shares		(89)		(88)		(185)		(201)
Net income used in basic and diluted earnings per share	$	18,475	$	12,835	$	36,726	$	29,174

Weighted average number of common shares outstanding		40,813,436		31,033,259		39,259,807		31,023,457
Less: Unvested restricted stock		(201,064)		(212,074)		(201,064)		(212,074)
Weighted average number of common shares outstanding used in basic earnings per share		40,612,372		30,821,185		39,058,743		30,811,383

Weighted average number of common shares outstanding used in basic earnings per share		40,612,372		30,821,185		39,058,743		30,811,383
Effect of dilutive securities: Share-based compensation		82,836		59,252		80,030		47,620
Effect of dilutive securities: March 2018 forward equity offering		—		341,784		—		177,691
Effect of dilutive securities: September 2018 forward equity offering		312,464		—		539,570		—
Effect of dilutive securities: April 2019 forward equity offering		133,987		—		66,994		—
Weighted average number of common shares outstanding used in diluted earnings per share		41,141,659		31,222,221		39,745,337		31,036,694