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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2020 and December 31, 2019 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2020 |  | December 31, 2019
Land | ​ | $ | - | ​ | $ | 2,269
Building | ​ |  | - | ​ |  | 2,315
Lease Intangibles - Asset | ​ |  | - | ​ |  | —
​ | ​ |  | - | ​ |  | 4,584
Accumulated depreciation and amortization | ​ |  | - | ​ |  | (834)
Total Real Estate Held for Sale, net | ​ | $ | - | ​ | $ | 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 and six months ended June 30, 2020 and 2019 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended | ​
​ |  | June 30, 2020 |  | June 30, 2019 |  | June 30, 2020 |  | June 30, 2019 | ​
Lease Intangibles (In-place) | ​ | $ | 4,055 | ​ | $ | 2,392 | ​ | $ | 7,563 | ​ | $ | 4,443 | ​
Lease Intangibles (Above-Market) | ​ |  | 5,218 | ​ |  | 4,360 | ​ |  | 10,269 | ​ |  | 8,734 | ​
Lease Intangibles (Below-Market) | ​ |  | (1,439) | ​ |  | (1,135) | ​ |  | (2,681) | ​ |  | (2,233) | ​
Total | ​ | $ | 7,834 | ​ | $ | 5,617 | ​ | $ | 15,151 | ​ | $ | 10,944 | ​
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | The following schedule represents estimated future amortization of lease intangibles as of June 30, 2020 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ending December 31, |  | (remaining) | ​ |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | Thereafter |  | Total
Lease Intangibles (In-place) | ​ | $ | 16,380 | ​ |  | $ | 14,426 |  | $ | 14,138 |  | $ | 13,098 |  | $ | 11,925 | ​ | $ | 61,972 |  | $ | 131,939
Lease Intangibles (Above-Market) | ​ |  | 20,828 | ​ |  |  | 20,585 |  |  | 19,609 |  |  | 18,442 |  |  | 16,916 | ​ |  | 140,493 |  |  | 236,873
Lease Intangibles (Below-Market) | ​ |  | (5,928) | ​ | ​ |  | (5,032) | ​ |  | (4,428) | ​ |  | (3,503) | ​ |  | (2,905) | ​ |  | (11,223) | ​ |  | (33,019)
Total | ​ | $ | 31,280 | ​ |  | $ | 29,979 |  | $ | 29,319 |  | $ | 28,037 |  | $ | 25,936 | ​ | $ | 191,242 |  | $ | 335,793
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, 2020 |  | June 30, 2019 |  | June 30, 2020 |  | June 30, 2019 | ​
Net income attributable to Agree Realty Corporation | ​ | $ | 25,258 | ​ | $ | 18,564 | ​ | $ | 46,486 | ​ | $ | 36,911 | ​
Less: Income attributable to unvested restricted shares | ​ | ​ | (83) | ​ | ​ | (89) | ​ | ​ | (164) | ​ | ​ | (185) | ​
Net income used in basic and diluted earnings per share | ​ | $ | 25,175 | ​ | $ | 18,475 | ​ | $ | 46,322 | ​ | $ | 36,726 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average number of common shares outstanding | ​ |  | 52,902,628 |  | ​ | 40,813,436 |  | ​ | 49,259,014 | ​ |  | 39,259,807 | ​
Less: Unvested restricted stock | ​ |  | (176,398) |  | ​ | (201,064) |  | ​ | (176,398) | ​ |  | (201,064) | ​
Weighted average number of common shares outstanding used in basic earnings per share | ​ |  | 52,726,230 |  | ​ | 40,612,372 |  | ​ | 49,082,616 | ​ |  | 39,058,743 | ​
​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ |  | ​ | ​
Weighted average number of common shares outstanding used in basic earnings per share | ​ |  | 52,726,230 |  | ​ | 40,612,372 |  | ​ | 49,082,616 | ​ |  | 39,058,743 | ​
Effect of dilutive securities: share-based compensation | ​ |  | 68,294 |  | ​ | 82,836 |  | ​ | 74,926 | ​ |  | 80,030 | ​
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 | ​
Effect of dilutive securities: 2019 ATM forward equity offerings | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 28,579 | ​ | ​ | — | ​
Effect of dilutive securities: 2020 ATM forward equity offerings | ​ | ​ | 25,652 | ​ | ​ | — | ​ | ​ | 14,144 | ​ | ​ | — | ​
Effect of dilutive securities: April 2020 forward equity offering | ​ |  | 446,563 |  | ​ | — |  | ​ | 223,281 | ​ |  | — | ​
Weighted average number of common shares outstanding used in diluted earnings per share | ​ |  | 53,266,740 |  | ​ | 41,141,659 |  | ​ | 49,423,546 | ​ |  | 39,745,337 | ​

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