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Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2020
Summary of Significant Accounting Policies |
Schedule of Real Estate Properties Held-For-Sale [Table Text Block] | Real estate held for sale consisted of the following as of March 31, 2020 and December 31, 2019 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2020 |  | December 31, 2019
Land | ​ | $ | 2,405 | ​ | $ | 2,269
Building | ​ |  | 5,288 | ​ |  | 2,315
Lease Intangibles - Asset | ​ |  | 880 | ​ |  | —
​ | ​ |  | 8,573 | ​ |  | 4,584
Accumulated depreciation and amortization | ​ |  | (778) | ​ |  | (834)
Total Real Estate Held for Sale, net | ​ | $ | 7,795 | ​ | $ | 3,750
​
Schedule of Amortization of Deferred Expenses [Table Text Block] | The following schedule summarizes the Company’s amortization of lease intangibles for the three months ended March 31, 2020 and 2019 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | ​
​ |  | March 31, 2020 |  | March 31, 2019 |  | ​
Lease Intangibles (In-place) | ​ | $ | 3,508 | ​ | $ | 2,052 | ​ | ​
Lease Intangibles (Above-Market) | ​ |  | 5,051 | ​ |  | 4,374 | ​ | ​
Lease Intangibles (Below-Market) | ​ |  | (1,242) | ​ |  | (1,098) | ​ | ​
Total | ​ | $ | 7,317 | ​ | $ | 5,328 | ​ | ​
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | The following schedule represents estimated future amortization of lease intangibles as of March 31, 2020 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ending December 31, |  | (remaining) | ​ |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | Thereafter |  | Total
Lease Intangibles (In-place) | ​ | $ | 14,668 | ​ |  | $ | 13,406 |  | $ | 12,596 |  | $ | 11,626 |  | $ | 10,378 | ​ | $ | 54,804 |  | $ | 117,478
Lease Intangibles (Above-Market) | ​ |  | 20,623 | ​ |  |  | 20,434 |  |  | 19,373 |  |  | 18,482 |  |  | 16,665 | ​ |  | 141,630 |  |  | 237,207
Lease Intangibles (Below-Market) | ​ |  | (5,226) | ​ | ​ |  | (4,466) | ​ |  | (3,789) | ​ |  | (2,874) | ​ |  | (2,199) | ​ |  | (8,787) | ​ |  | (27,341)
Total | ​ | $ | 30,065 | ​ |  | $ | 29,374 |  | $ | 28,180 |  | $ | 27,234 |  | $ | 24,844 | ​ | $ | 187,647 |  | $ | 327,344
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 | ​
​ |  |  | March 31, 2020 |  | March 31, 2019 | ​
Net income attributable to Agree Realty Corporation | ​ | ​ | $ | 21,229 | ​ | $ | 18,347 | ​
Less: Income attributable to unvested restricted shares | ​ | ​ | ​ | (81) | ​ | ​ | (96) | ​
Net income used in basic and diluted earnings per share | ​ | ​ | $ | 21,148 | ​ | $ | 18,251 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average number of common shares outstanding | ​ |  | ​ | 45,615,400 | ​ |  | 37,688,915 | ​
Less: Unvested restricted stock | ​ |  | ​ | (179,209) | ​ |  | (201,064) | ​
Weighted average number of common shares outstanding used in basic earnings per share | ​ |  | ​ | 45,436,191 | ​ |  | 37,487,851 | ​
​ | ​ |  | ​ | ​ | ​ |  | ​ | ​
Weighted average number of common shares outstanding used in basic earnings per share | ​ |  | ​ | 45,436,191 | ​ |  | 37,487,851 | ​
Effect of dilutive securities: share-based compensation | ​ |  | ​ | 69,069 | ​ |  | 65,781 | ​
Effect of dilutive securities: September 2018 forward equity offering | ​ | ​ | ​ | — | ​ | ​ | 766,675 | ​
Effect of dilutive securities: 2019 ATM forward equity offerings | ​ | ​ | ​ | 57,158 | ​ | ​ | — | ​
Effect of dilutive securities: 2020 ATM forward equity offerings | ​ |  | ​ | 2,636 | ​ |  | — | ​
Weighted average number of common shares outstanding used in diluted earnings per share | ​ |  | ​ | 45,565,054 | ​ |  | 38,320,307 | ​

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