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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Real Estate Investments    
Land $ 981,476 $ 735,991
Buildings 2,184,620 1,600,293
Less accumulated depreciation (158,719) (127,748)
Real estate investments excluding property under development 3,007,377 2,208,536
Property under development 8,229 10,056
Net Real Estate Investments 3,015,606 2,218,592
Real Estate Held for Sale, net   3,750
Cash and Cash Equivalents 14,715 15,603
Cash Held in Escrows 1,515 26,554
Accounts Receivable - Tenants 39,309 26,808
Lease Intangibles, net of accumulated amortization of $114,990 and $89,118 at September 30, 2020 and December 31, 2019, respectively 422,373 343,514
Other Assets, net 54,096 29,709
Total Assets 3,547,614 2,664,530
LIABILITIES    
Mortgage Notes Payable, net 33,304 36,698
Unsecured Term Loans, net 237,765 237,403
Senior Unsecured Notes, net 855,232 509,198
Unsecured Revolving Credit Facility 20,000 89,000
Dividends and Distributions Payable 32,522 25,014
Accounts Payable, Accrued Expenses, and Other Liabilities 67,871 48,987
Lease Intangibles, net of accumulated amortization of $23,067 and $19,307 at September 30, 2020 and December 31, 2019, respectively 35,533 26,668
Total Liabilities 1,282,227 972,968
EQUITY    
Common stock, $.0001 par value, 90,000,000 shares authorized, 55,370,525 and 45,573,623 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 6 5
Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized
Additional paid-in-capital 2,384,331 1,752,912
Dividends in excess of net income (80,627) (57,094)
Accumulated other comprehensive income (loss) (40,140) (6,492)
Total Equity - Agree Realty Corporation 2,263,570 1,689,331
Non-controlling interest 1,817 2,231
Total Equity 2,265,387 1,691,562
Total Liabilities and Equity $ 3,547,614 $ 2,664,530