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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Rental income $ 616,822 $ 537,403 $ 429,632
Other 273 92 182
Total Revenues 617,095 537,495 429,814
Operating Expenses      
Real estate taxes 46,882 40,092 32,079
Property operating expenses 26,349 24,961 18,585
Land lease expense 1,618 1,664 1,617
General and administrative 37,233 34,788 30,121
Depreciation and amortization 206,987 176,277 133,570
Provision for impairment 7,224 7,175 1,015
Total Operating Expenses 326,293 284,957 216,987
Gain on sale of assets, net 11,508 1,849 5,341
Loss on involuntary conversion, net (67) 0 (83)
Income from Operations 302,243 254,387 218,085
Other (Expense) Income      
Interest expense, net (108,904) (81,119) (63,435)
Income and other tax expense (4,306) (2,910) (2,860)
Other income 799 189 1,245
Net Income 189,832 170,547 153,035
Less net income attributable to non-controlling interest 635 588 598
Net income attributable to Agree Realty Corporation 189,197 169,959 152,437
Less Series A preferred stock dividends 7,437 7,437 7,437
Net Income Attributable to Common Stockholders $ 181,760 $ 162,522 $ 145,000
Net Income Per Share Attributable to Common Stockholders      
Basic $ 1.79 $ 1.7 $ 1.84
Diluted $ 1.78 $ 1.7 $ 1.83
Other Comprehensive Income      
Net income $ 189,832 $ 170,547 $ 153,035
Amortization of interest rate swaps (2,781) (2,519) (684)
Change in fair value and settlement of interest rate swaps 26,383 (4,501) 29,881
Total comprehensive income 213,434 163,527 182,232
Less comprehensive income attributable to non-controlling interest 715 565 741
Comprehensive Income Attributable to Agree Realty Corporation $ 212,719 $ 162,962 $ 181,491
Weighted Average Number of Common Shares Outstanding - Basic 101,099,252 95,191,409 78,659,333
Weighted Average Number of Common Shares Outstanding - Diluted 101,876,304 95,437,412 79,164,386