v3.26.1
Summary of Significant Accounting Policies - Earnings per Share (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Earnings Per Share Basic And Diluted [Line Items]        
Net income attributable to Agree Realty Corporation $ 54,653 $ 49,198 $ 116,704 $ 96,194
Less: Series A preferred stock dividends (1,859) (1,859) (3,718) (3,718)
Net Income Attributable to Common Stockholders 52,794 47,339 112,986 92,476
Less: Net income attributable to unvested restricted shares (88) (110) (190) (222)
Net income used in basic and diluted earnings per share $ 52,706 $ 47,229 $ 112,796 $ 92,254
Weighted average number of common shares outstanding 120,204,596 110,014,003 120,132,377 108,674,968
Less: Unvested restricted shares (207,652) (255,957) (207,652) (255,957)
Weighted average number of common shares outstanding used in basic earnings per share 119,996,944 109,758,046 119,924,725 108,419,011
Effect of dilutive securities:        
Share-based compensation 161,583 179,867 160,832 176,280
Weighted average number of common shares outstanding used in diluted earnings per share 120,487,256 110,377,221 120,449,139 108,996,422
Operating Partnership Units ("OP Units") 347,619 347,619 347,619 347,619
Weighted average number of common shares and OP Units outstanding used in diluted earnings per share 120,834,875 110,724,840 120,796,758 109,344,041
ATM Forward Equity Offerings        
Effect of dilutive securities:        
Forward equity offering 214,995 256,296 255,543 286,480
October 2024 Forward Equity Offering        
Effect of dilutive securities:        
Forward equity offering 0 178,556 0 112,423
April 2025 Forward Equity Offering        
Effect of dilutive securities:        
Forward equity offering 113,734 4,456 108,039 2,228