v3.26.3
Summary of Significant Accounting Policies - Earnings per Share (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Earnings Per Share Basic And Diluted [Line Items]        
Net income attributable to Agree Realty Corporation $ 68,352 $ 52,117 $ 185,057 $ 148,312
Less: Series A preferred stock dividends (1,859) (1,859) (5,578) (5,578)
Net Income Attributable to Common Stockholders 66,493 50,258 179,479 142,734
Less: Net income attributable to unvested restricted shares (103) (112) (295) (333)
Net income used in basic and diluted earnings per share $ 66,390 $ 50,146 $ 179,184 $ 142,401
Weighted average number of common shares outstanding (in shares) 124,565,976 111,531,032 121,626,484 109,637,451
Less: Unvested restricted shares (in shares) (202,871) (253,716) (202,871) (253,716)
Weighted average number of common shares outstanding used in basic earnings per share (in shares) 124,363,105 111,277,316 121,423,613 109,383,735
Effect of dilutive securities:        
Stock-based compensation (in shares) 201,259 212,944 200,786 217,065
Weighted average number of common shares outstanding used in diluted earnings per share (in shares) 124,602,961 111,511,615 121,879,652 109,875,336
Operating Partnership Units ("OP Units") (in shares) 347,619 347,619 347,619 347,619
Weighted average number of common shares and OP Units outstanding used in diluted earnings per share (in shares) 124,950,580 111,859,234 122,227,271 110,222,955
ATM Forward Equity Offerings        
Effect of dilutive securities:        
Forward equity offering (in shares) 0 19,953 170,361 197,635
October 2024 Forward Equity Offering        
Effect of dilutive securities:        
Forward equity offering (in shares) 0 1,402 0 75,416
April 2025 Forward Equity Offering        
Effect of dilutive securities:        
Forward equity offering (in shares) 38,597 0 84,892 1,485