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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Rental income $ 98,312 $ 77,760
Other 30 69
Total Revenues 98,342 77,829
Operating Expenses    
Real estate taxes 7,611 5,696
Property operating expenses 4,477 3,541
Land lease expense 402 346
General and administrative 7,622 6,879
Depreciation and amortization 28,561 21,489
Provision for impairment 1,015 0
Total Operating Expenses 49,688 37,951
Gain (loss) on sale of assets, net 2,310 2,945
Gain (loss) on involuntary conversion, net (25) 117
Income from Operations 50,939 42,940
Other (Expense) Income    
Interest expense, net (13,931) (11,653)
Income tax (expense) benefit (719) (1,009)
Net Income 36,289 30,278
Less net income attributable to non-controlling interest 176 166
Net income attributable to Agree Realty Corporation 36,113 30,112
Less Series A preferred stock dividends 1,859 0
Net Income Attributable to Common Stockholders $ 34,254 $ 30,112
Net Income Per Share Attributable to Common Stockholders    
Basic $ 0.48 $ 0.48
Diluted $ 0.48 $ 0.48
Other Comprehensive Income    
Net income $ 36,289 $ 30,278
Amortization of interest rate swaps 82 500
Change in fair value and settlement of interest rate swaps 20,581 25,146
Total comprehensive income (loss) 56,952 55,924
Less comprehensive income (loss) attributable to non-controlling interest 276 304
Comprehensive Income (Loss) Attributable to Agree Realty Corporation $ 56,676 $ 55,620
Weighted Average Number of Common Shares Outstanding - Basic 71,228,930 62,828,897
Weighted Average Number of Common Shares Outstanding - Diluted 71,336,103 62,940,360