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Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 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 September 30, 2020 and December 31, 2019 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 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 nine months ended September 30, 2020 and 2019 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended | ​
​ |  | September 30, 2020 |  | September 30, 2019 |  | September 30, 2020 |  | September 30, 2019 | ​
Lease intangibles (in-place) | ​ | $ | 4,408 | ​ | $ | 2,854 | ​ | $ | 11,971 | ​ | $ | 7,298 | ​
Lease intangibles (above-market) | ​ |  | 5,338 | ​ |  | 4,562 | ​ |  | 15,607 | ​ |  | 13,297 | ​
Lease intangibles (below-market) | ​ |  | (1,374) | ​ |  | (1,181) | ​ |  | (4,055) | ​ |  | (3,415) | ​
Total | ​ | $ | 8,372 | ​ | $ | 6,235 | ​ | $ | 23,523 | ​ | $ | 17,180 | ​
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | The following schedule represents estimated future amortization of lease intangibles as of September 30, 2020 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2020 | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year Ending December 31, |  | (remaining) | ​ |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | Thereafter |  | Total
Lease intangibles (in-place) | ​ | $ | 5,529 | ​ |  | $ | 19,342 |  | $ | 18,242 |  | $ | 17,246 |  | $ | 15,812 | ​ | $ | 88,250 |  | $ | 164,421
Lease intangibles (above-market) | ​ |  | 5,876 | ​ |  |  | 23,317 |  |  | 22,370 |  |  | 21,460 |  |  | 19,791 | ​ |  | 165,138 |  |  | 257,952
Lease intangibles (below-market) | ​ |  | (1,651) | ​ | ​ |  | (6,032) | ​ |  | (5,109) | ​ |  | (4,277) | ​ |  | (3,563) | ​ |  | (14,901) | ​ |  | (35,533)
Total | ​ | $ | 9,754 | ​ |  | $ | 36,627 |  | $ | 35,503 |  | $ | 34,429 |  | $ | 32,040 | ​ | $ | 238,487 |  | $ | 386,840
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 | ​ | Nine Months Ended | ​
​ |  | September 30, 2020 |  | September 30, 2019 |  | September 30, 2020 |  | September 30, 2019 | ​
Net income attributable to Agree Realty Corporation | ​ | $ | 21,280 | ​ | $ | 20,611 | ​ | $ | 67,766 | ​ | $ | 57,522 | ​
Less: Income attributable to unvested restricted shares | ​ | ​ | (69) | ​ | ​ | (98) | ​ | ​ | (233) | ​ | ​ | (283) | ​
Net income used in basic and diluted earnings per share | ​ | $ | 21,211 | ​ | $ | 20,513 | ​ | $ | 67,533 | ​ | $ | 57,239 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average number of common shares outstanding | ​ |  | 53,902,541 |  | ​ | 42,034,685 |  | ​ | 50,818,154 | ​ |  | 40,194,931 | ​
Less: Unvested restricted stock | ​ |  | (180,585) |  | ​ | (202,228) |  | ​ | (180,585) | ​ |  | (202,228) | ​
Weighted average number of common shares outstanding used in basic earnings per share | ​ |  | 53,721,956 |  | ​ | 41,832,457 |  | ​ | 50,637,569 | ​ |  | 39,992,703 | ​
​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ |  | ​ | ​
Weighted average number of common shares outstanding used in basic earnings per share | ​ |  | 53,721,956 |  | ​ | 41,832,457 |  | ​ | 50,637,569 | ​ |  | 39,992,703 | ​
Effect of dilutive securities: share-based compensation | ​ |  | 85,380 |  | ​ | 109,027 |  | ​ | 87,111 | ​ |  | 102,845 | ​
Effect of dilutive securities: September 2018 forward equity offering | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 359,713 | ​
Effect of dilutive securities: April 2019 forward equity offering | ​ | ​ | — | ​ | ​ | 376,558 | ​ | ​ | — | ​ | ​ | 170,180 | ​
Effect of dilutive securities: 2019 ATM forward equity offerings | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 19,053 | ​ | ​ | — | ​
Effect of dilutive securities: 2020 ATM forward equity offerings | ​ | ​ | 22,515 | ​ | ​ | — | ​ | ​ | 16,934 | ​ | ​ | — | ​
Effect of dilutive securities: April 2020 forward equity offering | ​ |  | 725,821 |  | ​ | — |  | ​ | 390,795 | ​ |  | — | ​
Weighted average number of common shares outstanding used in diluted earnings per share | ​ |  | 54,555,672 |  | ​ | 42,318,042 |  | ​ | 51,151,462 | ​ |  | 40,625,441 | ​

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