$ADC
AGREE REALTY CORP

2022 Q4 Form 10-Q Financial Statement

#000155837022015790 Filed on November 01, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $116.5M $110.1M
YoY Change 27.48% 25.74%
Cost Of Revenue $12.97M $13.08M
YoY Change 20.64% 28.95%
Gross Profit $103.6M $96.98M
YoY Change 28.39% 25.31%
Gross Profit Margin 88.87% 88.11%
Selling, General & Admin $8.260M $7.396M
YoY Change 16.88% 21.5%
% of Gross Profit 7.98% 7.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.90M $35.16M
YoY Change 42.68% 43.56%
% of Gross Profit 36.6% 36.25%
Operating Expenses $46.16M $42.55M
YoY Change 37.26% 39.18%
Operating Profit $57.40M $57.31M
YoY Change 22.05% 13.98%
Interest Expense -$16.84M $17.15M
YoY Change 28.46% 31.25%
% of Operating Profit -29.35% 29.92%
Other Income/Expense, Net $1.195M $132.0K
YoY Change 1683.58%
Pretax Income $41.76M $40.30M
YoY Change 23.47% 8.27%
Income Tax $723.0K $700.0K
% Of Pretax Income 1.73% 1.74%
Net Earnings $38.97M $39.43M
YoY Change 17.57% 7.53%
Net Earnings / Revenue 33.45% 35.82%
Basic Earnings Per Share $0.47
Diluted Earnings Per Share $0.44 $0.46
COMMON SHARES
Basic Shares Outstanding 88.57M 79.83M
Diluted Shares Outstanding 80.59M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.76M $250.5M
YoY Change -35.81% 172.62%
Cash & Equivalents $27.76M $250.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $0.00 $0.00
Prepaid Expenses
Receivables $65.84M $68.70M
Other Receivables $0.00 $0.00
Total Short-Term Assets $93.60M $319.2M
YoY Change -8.56% 112.36%
LONG-TERM ASSETS
Property, Plant & Equipment $5.802B $5.452B
YoY Change 31.02% 30.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.146M $1.027M
YoY Change -42.64% -90.6%
Total Long-Term Assets $6.620B $6.237B
YoY Change 29.17% 28.67%
TOTAL ASSETS
Total Short-Term Assets $93.60M $319.2M
Total Long-Term Assets $6.620B $6.237B
Total Assets $6.713B $6.556B
YoY Change 28.44% 31.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $60.17M $61.94M
YoY Change 55.08% 9.99%
Accrued Expenses $17.43M $17.55M
YoY Change -30.28% -2.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $99.94M $100.9M
YoY Change 23.88% 12.34%
LONG-TERM LIABILITIES
Long-Term Debt $1.946B $1.869B
YoY Change 14.9% 21.9%
Other Long-Term Liabilities $36.71M $37.12M
YoY Change 11.0% 14.05%
Total Long-Term Liabilities $1.983B $1.906B
YoY Change 14.82% 21.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $99.94M $100.9M
Total Long-Term Liabilities $1.983B $1.906B
Total Liabilities $2.083B $2.007B
YoY Change 15.23% 21.23%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $9.000K $9.000K
YoY Change 28.57% 28.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.629B $4.547B
YoY Change
Total Liabilities & Shareholders Equity $6.713B $6.556B
YoY Change 28.44% 31.19%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $38.97M $39.43M
YoY Change 17.57% 7.53%
Depreciation, Depletion And Amortization $37.90M $35.16M
YoY Change 42.68% 43.56%
Cash From Operating Activities $93.18M $118.9M
YoY Change 54.4% 74.73%
INVESTING ACTIVITIES
Capital Expenditures $433.3M $361.5M
YoY Change -232.68% 6.14%
Acquisitions
YoY Change
Other Investing Activities $860.0K $19.83M
YoY Change -90.59% 75.3%
Cash From Investing Activities -$432.4M -$362.0M
YoY Change 36.23% 8.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 116.7M 467.5M
YoY Change -41.53% 158.91%
NET CHANGE
Cash From Operating Activities 93.18M 118.9M
Cash From Investing Activities -432.4M -362.0M
Cash From Financing Activities 116.7M 467.5M
Net Change In Cash -222.6M 224.4M
YoY Change 286.75% -362.24%
FREE CASH FLOW
Cash From Operating Activities $93.18M $118.9M
Capital Expenditures $433.3M $361.5M
Free Cash Flow -$340.1M -$242.6M
YoY Change -187.91% -10.98%

Facts In Submission

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CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q1 us-gaap Stock Issued During Period Value New Issues
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CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
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CY2021Q1 us-gaap Dividends
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CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
111989
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
101931
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80589446
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69591848
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75890692
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65952113
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;margin:0pt 0pt 12pt 0pt;"><b style="font-style:normal;font-weight:bold;text-decoration-line:underline;text-decoration-style:solid;">Reclassifications</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Certain reclassifications of prior period amounts have been made in the consolidated financial statements and footnotes in order to conform to the current presentation.  </p>
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
27090000
CY2022Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
103555000
CY2021Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
81659000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
293295000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
229156000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;margin:0pt 0pt 12pt 0pt;"><b style="font-style:normal;font-weight:bold;text-decoration-line:underline;text-decoration-style:solid;">Use of Estimates</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of (1) assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements, and (2) revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
adc Percentage Of Portfolio Leased
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0.997
CY2022Q3 us-gaap Lessor Operating Lease Term Of Contract
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P8Y10M24D
adc Percentage Of Annualized Base Rent Derived
PercentageOfAnnualizedBaseRentDerived
0.675
us-gaap Lessor Operating Lease Existence Of Option To Extend
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true
us-gaap Lease Practical Expedients Package
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true
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
115567000
CY2021Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
91205000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
328991000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
256246000
CY2022Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
12012000
CY2021Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
9546000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
35696000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
110120000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
445758000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
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CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
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CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
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406381000
CY2022Q3 adc Lessor Operating Lease Payment To Be Received Year Five And After Year Five
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2328705000
CY2022Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
4154391000
CY2022Q3 us-gaap Deferred Revenue
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18500000
CY2021Q4 us-gaap Deferred Revenue
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13500000
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2022Q3 adc Operating And Financing Lease Liability
OperatingAndFinancingLeaseLiability
23700000
CY2021Q4 adc Operating And Financing Lease Liability
OperatingAndFinancingLeaseLiability
24100000
CY2021Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
us-gaap Operating Lease Expense
OperatingLeaseExpense
1200000
us-gaap Operating Lease Expense
OperatingLeaseExpense
1100000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0
CY2021Q3 adc Finance Lease Right Of Use Asset Amortization And Interest Expense
FinanceLeaseRightOfUseAssetAmortizationAndInterestExpense
100000
CY2022Q3 adc Finance Lease Right Of Use Asset Amortization And Interest Expense
FinanceLeaseRightOfUseAssetAmortizationAndInterestExpense
100000
adc Finance Lease Right Of Use Asset Amortization And Interest Expense
FinanceLeaseRightOfUseAssetAmortizationAndInterestExpense
200000
adc Finance Lease Right Of Use Asset Amortization And Interest Expense
FinanceLeaseRightOfUseAssetAmortizationAndInterestExpense
200000
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
299000
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
282000
us-gaap Operating Lease Payments
OperatingLeasePayments
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us-gaap Operating Lease Payments
OperatingLeasePayments
816000
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y7M6D
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y10M24D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y7M6D
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y10M24D
CY2022Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
64000
CY2021Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
64000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
192000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
151000
CY2022Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
20000
CY2021Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
19000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
60000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
73000
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1816000
CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6302000
CY2022Q3 adc Right Of Use Asset Net
RightOfUseAssetNet
1816000
CY2021Q3 adc Right Of Use Asset Net
RightOfUseAssetNet
0
adc Right Of Use Asset Net
RightOfUseAssetNet
1816000
adc Right Of Use Asset Net
RightOfUseAssetNet
6302000
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
299000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1195000
CY2022Q3 adc Lessee Operating Lease Liability To Be Paid Year Five And After Year Five
LesseeOperatingLeaseLiabilityToBePaidYearFiveAndAfterYearFive
29851000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
34936000
CY2022Q3 adc Lessee Operating Lease Liability Undiscounted Excess Amount Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountRemainderOfFiscalYear
180000
CY2022Q3 adc Lessee Operating Lease Liability Undiscounted Excess Amount Next Twelve Months
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountNextTwelveMonths
711000
CY2022Q3 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Two
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearTwo
690000
CY2022Q3 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Three
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearThree
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CY2022Q3 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Four
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearFour
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CY2022Q3 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Five And After Year Five
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearFiveAndAfterYearFive
14491000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
17388000
CY2022Q3 adc Net Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
NetLesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
119000
CY2022Q3 adc Net Lessee Operating Lease Liability Payments Next Twelve Months
NetLesseeOperatingLeaseLiabilityPaymentsNextTwelveMonths
486000
CY2022Q3 adc Net Lessee Operating Lease Liability Payments Year Two
NetLesseeOperatingLeaseLiabilityPaymentsYearTwo
507000
CY2022Q3 adc Net Lessee Operating Lease Liability Payments Year Three
NetLesseeOperatingLeaseLiabilityPaymentsYearThree
528000
CY2022Q3 adc Net Lessee Operating Lease Liability Payments Year Four
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548000
CY2022Q3 adc Net Lessee Operating Lease Liability Payments Year Five And After Year Five
NetLesseeOperatingLeaseLiabilityPaymentsYearFiveAndAfterYearFive
15360000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
17548000
CY2022Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
84000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
6252000
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0
CY2022Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0
CY2022Q3 adc Finance Lease Liability To Be Paid Year Five And After Year Five
FinanceLeaseLiabilityToBePaidYearFiveAndAfterYearFive
0
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
6672000
CY2022Q3 adc Finance Lease Liability Undiscounted Excess Amount Remainder Of Fiscal Year
FinanceLeaseLiabilityUndiscountedExcessAmountRemainderOfFiscalYear
63000
CY2022Q3 adc Finance Lease Liability Undiscounted Excess Amount Next Twelve Months
FinanceLeaseLiabilityUndiscountedExcessAmountNextTwelveMonths
252000
CY2022Q3 adc Finance Lease Liability Undiscounted Excess Amount Year Two
FinanceLeaseLiabilityUndiscountedExcessAmountYearTwo
207000
CY2022Q3 adc Finance Lease Liability Undiscounted Excess Amount Year Three
FinanceLeaseLiabilityUndiscountedExcessAmountYearThree
0
CY2022Q3 adc Finance Lease Liability Undiscounted Excess Amount Year Four
FinanceLeaseLiabilityUndiscountedExcessAmountYearFour
0
CY2022Q3 adc Finance Lease Liability Undiscounted Excess Amount Year Five And After Year Five
FinanceLeaseLiabilityUndiscountedExcessAmountYearFiveAndAfterYearFive
0
CY2022Q3 adc Finance Leases Liability Undiscounted Excess Amount
FinanceLeasesLiabilityUndiscountedExcessAmount
522000
CY2022Q3 adc Net Finance Lease Liability Payments Remainder Of Fiscal Year
NetFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
21000
CY2022Q3 adc Net Finance Lease Liability Payments Next Twelve Months
NetFinanceLeaseLiabilityPaymentsNextTwelveMonths
84000
CY2022Q3 adc Net Finance Lease Liability Payments Year Two
NetFinanceLeaseLiabilityPaymentsYearTwo
6045000
CY2022Q3 adc Net Finance Lease Liability Payments Year Three
NetFinanceLeaseLiabilityPaymentsYearThree
0
CY2022Q3 adc Net Finance Lease Liability Payments Year Four
NetFinanceLeaseLiabilityPaymentsYearFour
0
CY2022Q3 adc Net Finance Lease Liability Payments Year Five And After Year Five
NetFinanceLeaseLiabilityPaymentsYearFiveAndAfterYearFive
0
CY2022Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
6150000
CY2022Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
1707
CY2022Q3 us-gaap Land Subject To Ground Leases
LandSubjectToGroundLeases
35800000
CY2022Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5400000000
CY2021Q4 us-gaap Number Of Real Estate Properties
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1404
CY2021Q4 us-gaap Land Subject To Ground Leases
LandSubjectToGroundLeases
29100000
CY2021Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4400000000
CY2022Q3 adc Retail Net Lease Assets Purchased
RetailNetLeaseAssetsPurchased
98
CY2022Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
361500000
CY2022Q3 adc Number Of States Properties Located
NumberOfStatesPropertiesLocated
29
CY2022Q3 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P11Y1M6D
adc Retail Net Lease Assets Purchased
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us-gaap Payments To Acquire Property Plant And Equipment
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adc Mortgage Notes Assumed
MortgageNotesAssumed
42300000
adc Number Of States Properties Located
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42
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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us-gaap Payments To Acquire Land Held For Use
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us-gaap Payments For Capital Improvements
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us-gaap Payments To Acquire Intangible Assets
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us-gaap Amortization Of Debt Discount Premium
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2500000
adc Mortgage Notes Assumed
MortgageNotesAssumed
42300000
CY2022Q3 adc Number Of Development And Partner Capital Solutions Projects Commenced
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2
adc Number Of Development And Partner Capital Solutions Projects Construction
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20
adc Number Of Development And Partner Capital Solutions Projects Commenced
NumberOfDevelopmentAndPartnerCapitalSolutionsProjectsCommenced
22
CY2022Q3 adc Number Of Properties Sold
NumberOfPropertiesSold
1
CY2022Q3 us-gaap Proceeds From Sale Of Real Estate
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20000000.0
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3000000.0
adc Number Of Properties Sold
NumberOfPropertiesSold
6
us-gaap Proceeds From Sale Of Real Estate
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43900000
us-gaap Gains Losses On Sales Of Investment Real Estate
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5300000
CY2021Q4 adc Number Of Real Estate Properties Held For Sale
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1
CY2022Q3 us-gaap Derivative Liabilities
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CY2022Q3 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
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CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
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1868000
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CY2021Q4 us-gaap Derivative Liability Fair Value Gross Asset
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CY2022Q3 adc Real Estate Held For Sale Land
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0
CY2021Q4 adc Real Estate Held For Sale Land
RealEstateHeldForSaleLand
4485000
CY2022Q3 adc Real Estate Held For Sale Lease Intangibles
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0
CY2021Q4 adc Real Estate Held For Sale Lease Intangibles
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1213000
CY2022Q3 adc Real Estate Held For Sale Gross
RealEstateHeldForSaleGross
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CY2021Q4 adc Real Estate Held For Sale Gross
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CY2022Q3 adc Real Estate Held For Sale Accumulated Depreciation
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0
CY2021Q4 adc Real Estate Held For Sale Accumulated Depreciation
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22000
CY2022Q3 adc Real Estate Held For Sale Net Total
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0
CY2021Q4 adc Real Estate Held For Sale Net Total
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5676000
CY2021Q3 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2022Q3 us-gaap Impairment Of Long Lived Assets Held For Use
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us-gaap Impairment Of Long Lived Assets Held For Use
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1000000.0
us-gaap Impairment Of Long Lived Assets Held For Use
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CY2022Q3 adc Impaired Real Estate Estate Fair Value
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1800000
CY2022Q3 us-gaap Debt Instrument Carrying Amount
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1880000000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
218000
CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2022Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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1802250000
CY2022Q3 us-gaap Debt Instrument Carrying Amount
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CY2021Q4 us-gaap Derivative Assets
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1868000
CY2021Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
1679000
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0
CY2021Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
189000
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
3335000
CY2022Q3 us-gaap Income Tax Expense Benefit
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CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2100000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Reconciliation Prior Year Income Taxes
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us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
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CY2021 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
13400000
CY2022Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
0
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
0
CY2022Q3 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0
CY2022Q3 us-gaap Derivative Assets
DerivativeAssets
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CY2022Q3 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
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CY2022Q3 us-gaap Derivative Collateral Obligation To Return Cash
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0
CY2022Q3 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0
CY2022Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
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CY2022Q3 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
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CY2021Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
1679000
CY2021Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
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CY2021Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
1656000

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0001558370-22-015790-index.html Edgar Link pending
0001558370-22-015790.txt Edgar Link pending
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adc-20220930.xsd Edgar Link pending
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