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Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Note 13 – Quarterly Financial Data (Unaudited)

The following summary represents the unaudited results of operations of the Company, expressed in thousands except per share amounts, for the periods from January 1, 2018 through December 31, 2019:


	2019
	Three Months Ended
	March 31,		June 30,		September 30,		December 31,
Revenue	$	42,348	$	44,920	$	48,075	$	52,135
Net income		18,516		18,722		20,781		22,744
Net income attributable to Agree Realty Corporation		18,347		18,564		20,611		22,559
Net earnings per share ⁽¹⁾
Basic	$	0.49	$	0.45	$	0.49	$	0.53
Diluted		0.48		0.45		0.48		0.52


	2018
	Three Months Ended
	March 31,		June 30,		September 30,		December 31,
Revenue ⁽²⁾	$	32,452	$	33,168	$	34,054	$	37,448
Net income		16,636		13,068		15,756		13,338
Net income attributable to Agree Realty Corporation		16,451		12,923		15,586		13,212
Net earnings per share ⁽¹⁾
Basic	$	0.53	$	0.42	$	0.49	$	0.37
Diluted		0.53		0.41		0.48		0.36

(1)	Calculated independently for each period and consequently, the sum of the quarters may differ from the annual amount.

(2)	Refer to “Note 2 – Summary of Significant Accounting Policies” regarding certain reclassifications impacting reported 2018 revenues.