XML 31 R15.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Dividends and Distributions Payable | 12 Months Ended
--- | ---
Dec. 31, 2023
Dividends and Distributions Payable |
Dividends and Distribution Payable | Note 7 – Dividends and Distributions Payable The Company declared dividends per common share of $2.919, $2.805 and $2.4056 during the years ended December 31, 2023, 2022 and 2021. On December 12, 2023, the Company declared a dividend per common share of $0.247 per share for the month ended December 31, 2023. The holders of Operating Partnership Common Units are entitled to an equal distribution per Operating Partnership Unit held. The monthly common dividend for December 2023 has been reflected as a reduction of stockholders’ equity and the distribution has been reflected as a reduction of the limited partners’ non-controlling interest. The December 2023 dividends and distributions were recorded as a liability on the consolidated balance sheet as of December 31, 2023 and were paid on January 16, 2024. The Company declared dividends on the Series A Preferred Shares of $1.0625 per Depositary Share during the year ended December 31, 2023 and 2022 and $0.30695 per Depositary Share during the year ended December 31, 2021, covering the periods subsequent to the September 2021 preferred stock issuance date (see Note 6- Common and Preferred Stock). These dividends were reflected entirely as ordinary income for federal income tax purposes. The December 2023 dividend declared on the Series A Preferred Shares of $0.08854 per Depositary Share has been reflected as a reduction of stockholders’ equity and was recorded as a liability on the consolidated balance sheet as of December 31, 2023 and paid on January 2, 2024. For federal income tax purposes, distributions paid have been characterized as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Year Ended December 31, |  | 2023 (1) |  | 2022 |  | 2021
Ordinary Income | ​ | $ | 2.498 | ​ | $ | 2.518 | ​ | $ | 2.398
Return of Capital | ​ |  | 0.174 | ​ |  | 0.287 | ​ |  | 0.206
Total | ​ | $ | 2.672 | ​ | $ | 2.805 | ​ | $ | 2.604
| (1) | The common dividend of $0.247 per common share, declared December 12, 2023 and paid January 16, 2024 will be considered a 2024 distribution for federal tax purposes and, therefore, has been excluded from the 2023 federal income tax characterization.

X
- References No definition available. + Details
Name: | adc_DividendsAndDistributionsPayableAbstract
Namespace Prefix: | adc_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of dividends and distributions payable. + References No definition available. + Details
Name: | adc_DividendsAndDistributionsPayableTextBlock
Namespace Prefix: | adc_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration