XML 53 R37.htm IDEA: XBRL DOCUMENT v3.20.4
Summary of Significant Accounting Policies - Earnings per Share (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Earnings Per Share Basic And Diluted [Line Items]      
Net income attributable to Agree Realty Corporation $ 91,381 $ 80,081 $ 58,172
Less: Income attributable to unvested restricted shares (297) (379) (370)
Net income used in basic and diluted earnings per share $ 91,084 $ 79,702 $ 57,802
Weighted average number of common shares outstanding 52,013,137 40,771,300 32,281,273
Less: Unvested restricted stock (174,918) (193,954) (211,018)
Weighted average number of common shares outstanding used in basic earnings per share 51,838,219 40,577,346 32,070,255
Weighted average number of common shares outstanding used in basic earnings per share 51,838,219 40,577,346 32,070,255
Effect of dilutive securities:      
Share-based compensation 95,103 98,740 69,136
Weighted average number of common shares outstanding used in diluted earnings per share 52,396,734 41,223,614 32,401,122
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount     0
Performance Units [Member]      
Effect of dilutive securities:      
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 1,547    
March 2018 Forward Sale [Member]      
Effect of dilutive securities:      
Forward equity offering 0 0 198,786
September 2018 Forward Sales [Member]      
Effect of dilutive securities:      
Forward equity offering 0 269,785 62,945
April 2019 Forward Equity      
Effect of dilutive securities:      
Forward equity offering 0 277,225 0
2019 ATM Forward Equity      
Effect of dilutive securities:      
Forward equity offering 14,289 518 0
2019 ATM Forward Equity | Forward Sale Agreement [Member]      
Effect of dilutive securities:      
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 17,114 7,931  
2020 ATM Forward Equity      
Effect of dilutive securities:      
Forward equity offering 19,777 0 0
2020 ATM Forward Equity | Forward Sale Agreement [Member]      
Effect of dilutive securities:      
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 27,753    
April 2020 Forward Equity      
Effect of dilutive securities:      
Forward equity offering 429,346 0 0