$ADC
AGREE REALTY CORP

2023 Q4 Form 10-Q Financial Statement

#000155837023016665 Filed on October 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $144.2M $136.8M
YoY Change 23.71% 24.3%
Cost Of Revenue $17.50M $15.60M
YoY Change 34.94% 19.24%
Gross Profit $126.7M $121.2M
YoY Change 22.31% 24.97%
Gross Profit Margin 87.86% 88.59%
Selling, General & Admin $9.113M $9.300M
YoY Change 10.33% 25.74%
% of Gross Profit 7.19% 7.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.28M $45.60M
YoY Change 24.73% 29.71%
% of Gross Profit 37.33% 37.62%
Operating Expenses $56.37M $54.90M
YoY Change 22.11% 29.02%
Operating Profit $70.29M $63.08M
YoY Change 22.47% 10.05%
Interest Expense -$22.37M $20.80M
YoY Change 32.82% 21.31%
% of Operating Profit -31.83% 32.98%
Other Income/Expense, Net $5.000K $94.00K
YoY Change -99.58% -28.79%
Pretax Income $46.81M $42.40M
YoY Change 12.09% 5.22%
Income Tax $709.0K $709.0K
% Of Pretax Income 1.51% 1.67%
Net Earnings $43.99M $41.52M
YoY Change 12.87% 5.32%
Net Earnings / Revenue 30.51% 30.35%
Basic Earnings Per Share $0.41
Diluted Earnings Per Share $0.44 $0.41
COMMON SHARES
Basic Shares Outstanding 100.5M 96.27M
Diluted Shares Outstanding 97.35M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.91M $6.400M
YoY Change -60.71% -97.44%
Cash & Equivalents $10.91M $6.384M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $3.642M $3.200M
Prepaid Expenses
Receivables $82.95M $77.70M
Other Receivables $0.00 $0.00
Total Short-Term Assets $97.50M $87.30M
YoY Change 4.17% -72.65%
LONG-TERM ASSETS
Property, Plant & Equipment $6.804B $6.675B
YoY Change 17.26% 22.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.617M $0.00
YoY Change 215.62% -100.0%
Total Long-Term Assets $7.677B $7.560B
YoY Change 15.98% 21.21%
TOTAL ASSETS
Total Short-Term Assets $97.50M $87.30M
Total Long-Term Assets $7.677B $7.560B
Total Assets $7.775B $7.647B
YoY Change 15.81% 16.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $56.51M $64.60M
YoY Change -6.07% 4.3%
Accrued Expenses $16.94M $17.10M
YoY Change -2.78% -2.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $6.045M $0.00
YoY Change
Total Short-Term Liabilities $126.9M $125.8M
YoY Change 27.01% 24.66%
LONG-TERM LIABILITIES
Long-Term Debt $2.411B $2.238B
YoY Change 23.88% 19.74%
Other Long-Term Liabilities $36.83M $37.50M
YoY Change 0.31% 1.03%
Total Long-Term Liabilities $2.448B $2.276B
YoY Change 23.45% 19.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $126.9M $125.8M
Total Long-Term Liabilities $2.448B $2.276B
Total Liabilities $2.575B $2.402B
YoY Change 23.62% 19.64%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $10.00K $10.00K
YoY Change 11.11% 11.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.199B $5.244B
YoY Change
Total Liabilities & Shareholders Equity $7.775B $7.647B
YoY Change 15.81% 16.64%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $43.99M $41.52M
YoY Change 12.87% 5.32%
Depreciation, Depletion And Amortization $47.28M $45.60M
YoY Change 24.73% 29.71%
Cash From Operating Activities $98.00M $109.9M
YoY Change 5.18% -7.54%
INVESTING ACTIVITIES
Capital Expenditures $201.6M $399.7M
YoY Change -53.47% 10.57%
Acquisitions
YoY Change
Other Investing Activities $10.30M $100.0K
YoY Change 1097.21% -99.5%
Cash From Investing Activities -$191.3M -$420.3M
YoY Change -55.76% 16.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 101.4M 304.6M
YoY Change -13.06% -34.85%
NET CHANGE
Cash From Operating Activities 98.00M 109.9M
Cash From Investing Activities -191.3M -420.3M
Cash From Financing Activities 101.4M 304.6M
Net Change In Cash 8.115M -5.800M
YoY Change -103.65% -102.58%
FREE CASH FLOW
Cash From Operating Activities $98.00M $109.9M
Capital Expenditures $201.6M $399.7M
Free Cash Flow -$103.6M -$289.8M
YoY Change -69.54% 19.43%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q4 adc Real Estate Investment Property Excluding Property Under Development Net Of Accumulated Depreciation
RealEstateInvestmentPropertyExcludingPropertyUnderDevelopmentNetOfAccumulatedDepreciation
5675136000
CY2022Q3 us-gaap Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#RevenueFromContractWithCustomerIncludingAssessedTax
us-gaap Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#RevenueFromContractWithCustomerIncludingAssessedTax
CY2023Q3 us-gaap Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#RevenueFromContractWithCustomerIncludingAssessedTax
dei Entity Central Index Key
EntityCentralIndexKey
0000917251
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Amendment Flag
AmendmentFlag
false
CY2023Q3 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherAssets
CY2022Q4 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherAssets
CY2022Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.04
CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.04
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
90173424
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
100519717
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
us-gaap Operating Lease Income Comprehensive Income Extensible List
OperatingLeaseIncomeComprehensiveIncomeExtensibleList
http://fasb.org/us-gaap/2023#RevenueFromContractWithCustomerIncludingAssessedTax
CY2023Q3 us-gaap Finance Lease Liability Statement Of Financial Position Extensible List
FinanceLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
CY2023Q3 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-12928
dei Entity Registrant Name
EntityRegistrantName
AGREE REALTY CORPORATION
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
38-3148187
dei Entity Address Address Line1
EntityAddressAddressLine1
32301 Woodward Avenue
dei Entity Address City Or Town
EntityAddressCityOrTown
Royal Oak
dei Entity Address State Or Province
EntityAddressStateOrProvince
MI
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
48073
dei City Area Code
CityAreaCode
248
dei Local Phone Number
LocalPhoneNumber
737-4190
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
100519717
CY2023Q3 us-gaap Land
Land
2231535000
CY2022Q4 us-gaap Land
Land
1941599000
CY2023Q3 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4750160000
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
4054679000
CY2023Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
403501000
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
321142000
CY2023Q3 adc Real Estate Investment Property Excluding Property Under Development Net Of Accumulated Depreciation
RealEstateInvestmentPropertyExcludingPropertyUnderDevelopmentNetOfAccumulatedDepreciation
6578194000
CY2023Q3 us-gaap Development In Process
DevelopmentInProcess
36114000
CY2022Q4 us-gaap Development In Process
DevelopmentInProcess
65932000
CY2023Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6614308000
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5741068000
CY2023Q3 adc Real Estate Held For Sale Net Total
RealEstateHeldForSaleNetTotal
3202000
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6384000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
27763000
CY2023Q3 us-gaap Escrow Deposit
EscrowDeposit
3000
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
1146000
CY2023Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
77749000
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
65841000
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
335073000
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
263011000
CY2023Q3 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
849191000
CY2022Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
799448000
CY2023Q3 us-gaap Other Assets
OtherAssets
96269000
CY2022Q4 us-gaap Other Assets
OtherAssets
77923000
CY2023Q3 us-gaap Assets
Assets
7647106000
CY2022Q4 us-gaap Assets
Assets
6713189000
CY2023Q3 us-gaap Secured Debt
SecuredDebt
42952000
CY2022Q4 us-gaap Secured Debt
SecuredDebt
47971000
CY2023Q3 us-gaap Unsecured Debt
UnsecuredDebt
346639000
CY2023Q3 us-gaap Senior Notes
SeniorNotes
1793777000
CY2022Q4 us-gaap Senior Notes
SeniorNotes
1792047000
CY2023Q3 us-gaap Line Of Credit
LineOfCredit
49000000
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
100000000
CY2023Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
25131000
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
22345000
CY2023Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
106755000
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
83722000
CY2023Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
40667000
CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
35992000
CY2023Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
37458000
CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
36714000
CY2023Q3 us-gaap Liabilities
Liabilities
2401712000
CY2022Q4 us-gaap Liabilities
Liabilities
2082799000
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4000000
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
4000000
CY2023Q3 us-gaap Preferred Stock Value
PreferredStockValue
175000000
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
175000000
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
180000000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
180000000
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
100519717
CY2023Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
3195000
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
90173424
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
10000
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
9000
CY2023Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
5352063000
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
4658570000
CY2023Q3 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
316083000
CY2022Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
228132000
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
33291000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
23551000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
5244281000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
4628998000
CY2023Q3 us-gaap Minority Interest
MinorityInterest
1113000
CY2022Q4 us-gaap Minority Interest
MinorityInterest
1392000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5245394000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4630390000
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7647106000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6713189000
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
136774000
CY2022Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
110031000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
393259000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
313136000
CY2023Q3 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
38000
CY2022Q3 us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
34000
us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
71000
us-gaap Revenue Not From Contract With Customer Other
RevenueNotFromContractWithCustomerOther
147000
CY2023Q3 us-gaap Revenues
Revenues
136812000
CY2022Q3 us-gaap Revenues
Revenues
110065000
us-gaap Revenues
Revenues
393330000
us-gaap Revenues
Revenues
313283000
CY2023Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
10124000
CY2022Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
8526000
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
29429000
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
24117000
CY2023Q3 us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
5518000
CY2022Q3 us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
4557000
us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
18120000
us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
13575000
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
411000
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
404000
us-gaap Operating Lease Expense
OperatingLeaseExpense
1252000
us-gaap Operating Lease Expense
OperatingLeaseExpense
1213000
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8844000
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6992000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
26087000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22265000
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
45625000
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
35157000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
129020000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
95666000
CY2022Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
4510000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1015000
CY2023Q3 us-gaap Costs And Expenses
CostsAndExpenses
73717000
CY2022Q3 us-gaap Costs And Expenses
CostsAndExpenses
55636000
us-gaap Costs And Expenses
CostsAndExpenses
208418000
us-gaap Costs And Expenses
CostsAndExpenses
157851000
CY2023Q3 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
-20000
CY2022Q3 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
3000000
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
299000
us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
5326000
CY2023Q3 adc Gain Loss On Involuntary Conversion Of Assets
GainLossOnInvoluntaryConversionOfAssets
0
CY2022Q3 adc Gain Loss On Involuntary Conversion Of Assets
GainLossOnInvoluntaryConversionOfAssets
-115000
adc Gain Loss On Involuntary Conversion Of Assets
GainLossOnInvoluntaryConversionOfAssets
-165000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
63075000
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
57314000
us-gaap Operating Income Loss
OperatingIncomeLoss
185211000
us-gaap Operating Income Loss
OperatingIncomeLoss
160593000
CY2023Q3 us-gaap Interest Expense
InterestExpense
20803000
CY2022Q3 us-gaap Interest Expense
InterestExpense
17149000
us-gaap Interest Expense
InterestExpense
58748000
us-gaap Interest Expense
InterestExpense
46592000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
709000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
720000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2201000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2137000
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
94000
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
132000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
184000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
132000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
41657000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
39577000
us-gaap Profit Loss
ProfitLoss
124446000
us-gaap Profit Loss
ProfitLoss
111996000
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
135000
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
152000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
442000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
485000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
41522000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
39425000
us-gaap Net Income Loss
NetIncomeLoss
124004000
us-gaap Net Income Loss
NetIncomeLoss
111511000
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1859000
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1859000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5578000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5578000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
39663000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
37566000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
118426000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
105933000
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.41
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.40
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.26
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.39
CY2023Q3 us-gaap Profit Loss
ProfitLoss
41657000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
39577000
us-gaap Profit Loss
ProfitLoss
124446000
us-gaap Profit Loss
ProfitLoss
111996000
CY2023Q3 adc Other Comprehensive Income Loss Cash Flow Hedge Gain Loss From Settlement
OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement
-631000
CY2022Q3 adc Other Comprehensive Income Loss Cash Flow Hedge Gain Loss From Settlement
OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement
-273000
adc Other Comprehensive Income Loss Cash Flow Hedge Gain Loss From Settlement
OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement
-1889000
adc Other Comprehensive Income Loss Cash Flow Hedge Gain Loss From Settlement
OtherComprehensiveIncomeLossCashFlowHedgeGainLossFromSettlement
-109000
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
8324000
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-7181000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
11664000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
29881000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
49350000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
32123000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
134221000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
141768000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
162000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
121000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
477000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
630000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
49188000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
32002000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
133744000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
141138000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97255143
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79701136
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93474182
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75361583
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97349473
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80589446
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93732359
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75890692
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4630390000
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
195133000
CY2023Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2607000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1831000
CY2023Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1859000
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
66189000
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-629000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
41774000
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4797844000
CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
205105000
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
8000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2177000
CY2023Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1859000
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
68940000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2711000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
41015000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4978045000
CY2023Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
289748000
CY2023Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
57000
CY2023Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
3000
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2175000
CY2023Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1859000
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
72005000
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7693000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
41657000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5245394000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3419316000
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
250684000
CY2022Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1745000
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
648000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1635000
CY2022Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1859000
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
49890000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
20663000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
36289000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3675741000
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
300110000
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
76000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1743000
CY2022Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1859000
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
54112000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
16563000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
36130000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3974240000
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
601087000
CY2022Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
66000
CY2022Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
61000
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1575000
CY2022Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1859000
CY2022Q3 us-gaap Dividends Common Stock
DividendsCommonStock
58332000
CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-7454000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
39577000
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4548707000
us-gaap Profit Loss
ProfitLoss
124446000
us-gaap Profit Loss
ProfitLoss
111996000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
129020000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
95666000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
25615000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
24863000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3468000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2938000
us-gaap Share Based Compensation
ShareBasedCompensation
6180000
us-gaap Share Based Compensation
ShareBasedCompensation
4892000
us-gaap Straight Line Rent
StraightLineRent
8942000
us-gaap Straight Line Rent
StraightLineRent
9419000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
4510000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1015000
adc Gain Loss On Settlement Of Interest Rate Swaps
GainLossOnSettlementOfInterestRateSwaps
0
adc Gain Loss On Settlement Of Interest Rate Swaps
GainLossOnSettlementOfInterestRateSwaps
-28414000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
299000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
5326000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3080000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15233000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
7929000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-11317000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
20599000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
17822000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
293588000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
268945000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
1010182000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
1166124000
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
1669000
CY2022Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
816000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
76618000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
60968000
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
167000
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
372000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
3267000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
43923000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1083700000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1183541000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
689986000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1151881000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2672000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1887000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1005000000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
925000000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1056000000
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1085000000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
5296000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
633000
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
350000000
us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
0
us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
297513000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
5578000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
5578000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
203593000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
157063000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
756000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
722000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3501000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2651000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
767590000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1120860000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-22522000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
206264000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28909000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45250000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6387000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
251514000
us-gaap Interest Paid Net
InterestPaidNet
47829000
us-gaap Interest Paid Net
InterestPaidNet
45703000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3044000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2379000
adc Additional Right Of Use Assets Added Under New Ground Leases
AdditionalRightOfUseAssetsAddedUnderNewGroundLeases
0
adc Additional Right Of Use Assets Added Under New Ground Leases
AdditionalRightOfUseAssetsAddedUnderNewGroundLeases
1816000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2548000
us-gaap Notes Assumed1
NotesAssumed1
0
us-gaap Notes Assumed1
NotesAssumed1
39702000
adc Accrual Of Development Construction And Other Real Estate Investment Costs
AccrualOfDevelopmentConstructionAndOtherRealEstateInvestmentCosts
2435000
adc Accrual Of Development Construction And Other Real Estate Investment Costs
AccrualOfDevelopmentConstructionAndOtherRealEstateInvestmentCosts
2342000
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
2084
CY2023Q3 adc Gross Leasable Area Of Properties
GrossLeasableAreaOfProperties
43200000
adc Percentage Of Portfolio Leased
PercentageOfPortfolioLeased
0.997
adc Percentage Of Annualized Base Rent Derived
PercentageOfAnnualizedBaseRentDerived
0.689
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28909000
CY2023Q3 adc Straight Line Rent Receivables
StraightLineRentReceivables
62700000
CY2022Q4 adc Straight Line Rent Receivables
StraightLineRentReceivables
53900000
CY2023Q3 adc Accounts Receivable Allowance For Credit Loss Number Of Leases
AccountsReceivableAllowanceForCreditLossNumberOfLeases
4
CY2023Q3 adc Accounts Receivable Allowance For Credit Loss Number Of Customers
AccountsReceivableAllowanceForCreditLossNumberOfCustomers
4
CY2023Q3 adc Increase Decrease In Rental Income Due To Uncollectible Charges
IncreaseDecreaseInRentalIncomeDueToUncollectibleCharges
300000
adc Increase Decrease In Rental Income Due To Uncollectible Charges
IncreaseDecreaseInRentalIncomeDueToUncollectibleCharges
200000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
41522000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
39425000
us-gaap Net Income Loss
NetIncomeLoss
124004000
CY2023Q3 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
23410000
CY2022Q3 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
20067000
us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
68539000
us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
55758000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
23529000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
91338000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
86397000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
81687000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
73864000
CY2023Q3 adc Finite Lived Intangible Asset Expected Amortization Year Five And After Year Five
FiniteLivedIntangibleAssetExpectedAmortizationYearFiveAndAfterYearFive
454918000
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
811733000
CY2023Q3 us-gaap Cash Uninsured Amount
CashUninsuredAmount
5300000
CY2022Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
27100000
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6384000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
27763000
CY2023Q3 us-gaap Escrow Deposit
EscrowDeposit
3000
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
1146000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6387000
us-gaap Net Income Loss
NetIncomeLoss
111511000
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1859000
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1859000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5578000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5578000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
39663000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
37566000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
118426000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
105933000
CY2023Q3 adc Net Income Loss Unvested Restricted Stock
NetIncomeLossUnvestedRestrictedStock
96000
CY2022Q3 adc Net Income Loss Unvested Restricted Stock
NetIncomeLossUnvestedRestrictedStock
97000
adc Net Income Loss Unvested Restricted Stock
NetIncomeLossUnvestedRestrictedStock
300000
adc Net Income Loss Unvested Restricted Stock
NetIncomeLossUnvestedRestrictedStock
283000
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
39567000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
37469000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
118126000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
105650000
CY2023Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
97497836
CY2022Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
79930394
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
93716875
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
75590841
CY2023Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
242693
CY2022Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
229258
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
242693
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
229258
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97255143
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79701136
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93474182
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75361583
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
97255143
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79701136
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93474182
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75361583
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
94330
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
125925
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
108646
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
111989
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97349473
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80589446
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93732359
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75890692
CY2023Q3 us-gaap Weighted Average General Partnership Units Outstanding
WeightedAverageGeneralPartnershipUnitsOutstanding
347619
CY2022Q3 us-gaap Weighted Average General Partnership Units Outstanding
WeightedAverageGeneralPartnershipUnitsOutstanding
347619
us-gaap Weighted Average General Partnership Units Outstanding
WeightedAverageGeneralPartnershipUnitsOutstanding
347619
us-gaap Weighted Average General Partnership Units Outstanding
WeightedAverageGeneralPartnershipUnitsOutstanding
347619
CY2023Q3 adc Weighted Average Number Of Common Shares And Op Units Outstanding
WeightedAverageNumberOfCommonSharesAndOpUnitsOutstanding
97697092
CY2022Q3 adc Weighted Average Number Of Common Shares And Op Units Outstanding
WeightedAverageNumberOfCommonSharesAndOpUnitsOutstanding
80937065
adc Weighted Average Number Of Common Shares And Op Units Outstanding
WeightedAverageNumberOfCommonSharesAndOpUnitsOutstanding
94079978
adc Weighted Average Number Of Common Shares And Op Units Outstanding
WeightedAverageNumberOfCommonSharesAndOpUnitsOutstanding
76238311
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 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>
us-gaap Lessor Operating Lease Existence Of Option To Extend
LessorOperatingLeaseExistenceOfOptionToExtend
true
us-gaap Lease Practical Expedients Package
LeasePracticalExpedientsPackage
true
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
141960000
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
115567000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
409802000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
328991000
CY2023Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
14388000
CY2022Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
12012000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
45509000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
35696000
CY2023Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
127572000
CY2022Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
103555000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
364293000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
293295000
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y
CY2022Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
135968000
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
545296000
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
538038000
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
518637000
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
492646000
CY2023Q3 adc Lessor Operating Lease Payment To Be Received Year Five And After Year Five
LessorOperatingLeasePaymentToBeReceivedYearFiveAndAfterYearFive
2746339000
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
4976924000
CY2023Q3 us-gaap Deferred Revenue
DeferredRevenue
19000000.0
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
18100000
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
60400000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
60900000
CY2023Q3 adc Operating And Financing Lease Liability
OperatingAndFinancingLeaseLiability
23100000
CY2022Q4 adc Operating And Financing Lease Liability
OperatingAndFinancingLeaseLiability
23600000
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
us-gaap Operating Lease Expense
OperatingLeaseExpense
1300000
us-gaap Operating Lease Expense
OperatingLeaseExpense
1200000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0
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
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
299000
CY2022Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
299000
us-gaap Operating Lease Payments
OperatingLeasePayments
898000
us-gaap Operating Lease Payments
OperatingLeasePayments
898000
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y3M18D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y7M6D
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y3M18D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y7M6D
CY2023Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
63000
CY2022Q3 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
64000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
189000
us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
192000
CY2023Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
21000
CY2022Q3 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
20000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
63000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
60000
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
299000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1197000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1197000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1195000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1042000
CY2023Q3 adc Lessee Operating Lease Liability To Be Paid Year Five And After Year Five
LesseeOperatingLeaseLiabilityToBePaidYearFiveAndAfterYearFive
28809000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
33739000
CY2023Q3 adc Lessee Operating Lease Liability Undiscounted Excess Amount Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountRemainderOfFiscalYear
176000
CY2023Q3 adc Lessee Operating Lease Liability Undiscounted Excess Amount Next Twelve Months
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountNextTwelveMonths
690000
CY2023Q3 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Two
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearTwo
669000
CY2023Q3 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Three
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearThree
647000
CY2023Q3 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Four
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearFour
627000
CY2023Q3 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Five And After Year Five
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearFiveAndAfterYearFive
13864000
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16673000
CY2023Q3 adc Net Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
NetLesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
123000
CY2023Q3 adc Net Lessee Operating Lease Liability Payments Next Twelve Months
NetLesseeOperatingLeaseLiabilityPaymentsNextTwelveMonths
507000
CY2023Q3 adc Net Lessee Operating Lease Liability Payments Year Two
NetLesseeOperatingLeaseLiabilityPaymentsYearTwo
528000
CY2023Q3 adc Net Lessee Operating Lease Liability Payments Year Three
NetLesseeOperatingLeaseLiabilityPaymentsYearThree
548000
CY2023Q3 adc Net Lessee Operating Lease Liability Payments Year Four
NetLesseeOperatingLeaseLiabilityPaymentsYearFour
415000
CY2023Q3 adc Net Lessee Operating Lease Liability Payments Year Five And After Year Five
NetLesseeOperatingLeaseLiabilityPaymentsYearFiveAndAfterYearFive
14945000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
17066000
CY2023Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
84000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
6252000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
0
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0
CY2023Q3 adc Finance Lease Liability To Be Paid Year Five And After Year Five
FinanceLeaseLiabilityToBePaidYearFiveAndAfterYearFive
0
CY2023Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
6336000
CY2023Q3 adc Finance Lease Liability Undiscounted Excess Amount Remainder Of Fiscal Year
FinanceLeaseLiabilityUndiscountedExcessAmountRemainderOfFiscalYear
63000
CY2023Q3 adc Finance Lease Liability Undiscounted Excess Amount Next Twelve Months
FinanceLeaseLiabilityUndiscountedExcessAmountNextTwelveMonths
207000
CY2023Q3 adc Finance Lease Liability Undiscounted Excess Amount Year Two
FinanceLeaseLiabilityUndiscountedExcessAmountYearTwo
0
CY2023Q3 adc Finance Lease Liability Undiscounted Excess Amount Year Three
FinanceLeaseLiabilityUndiscountedExcessAmountYearThree
0
CY2023Q3 adc Finance Lease Liability Undiscounted Excess Amount Year Four
FinanceLeaseLiabilityUndiscountedExcessAmountYearFour
0
CY2023Q3 adc Finance Lease Liability Undiscounted Excess Amount Year Five And After Year Five
FinanceLeaseLiabilityUndiscountedExcessAmountYearFiveAndAfterYearFive
0
CY2023Q3 adc Finance Leases Liability Undiscounted Excess Amount
FinanceLeasesLiabilityUndiscountedExcessAmount
270000
CY2023Q3 adc Net Finance Lease Liability Payments Remainder Of Fiscal Year
NetFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
21000
CY2023Q3 adc Net Finance Lease Liability Payments Next Twelve Months
NetFinanceLeaseLiabilityPaymentsNextTwelveMonths
6045000
CY2023Q3 adc Net Finance Lease Liability Payments Year Two
NetFinanceLeaseLiabilityPaymentsYearTwo
0
CY2023Q3 adc Net Finance Lease Liability Payments Year Three
NetFinanceLeaseLiabilityPaymentsYearThree
0
CY2023Q3 adc Net Finance Lease Liability Payments Year Four
NetFinanceLeaseLiabilityPaymentsYearFour
0
CY2023Q3 adc Net Finance Lease Liability Payments Year Five And After Year Five
NetFinanceLeaseLiabilityPaymentsYearFiveAndAfterYearFive
0
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
6066000
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
2084
CY2023Q3 adc Gross Leasable Area Of Properties
GrossLeasableAreaOfProperties
43200000
CY2023Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6610000000
CY2022Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
1839
CY2022Q4 adc Gross Leasable Area Of Properties
GrossLeasableAreaOfProperties
38100000
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5740000000
CY2023Q3 adc Retail Net Lease Assets Purchased
RetailNetLeaseAssetsPurchased
74
CY2023Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
399700000
CY2023Q3 adc Number Of States Properties Located
NumberOfStatesPropertiesLocated
28
CY2023Q3 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P11Y6M
adc Retail Net Lease Assets Purchased
RetailNetLeaseAssetsPurchased
232
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1010000000.00
adc Number Of States Properties Located
NumberOfStatesPropertiesLocated
37
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P11Y6M
us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
273900000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
617800000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
118700000
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
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P11Y1M6D
adc Retail Net Lease Assets Purchased
RetailNetLeaseAssetsPurchased
303
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1200000000
adc Mortgage Notes Assumed
MortgageNotesAssumed
42300000
adc Number Of States Properties Located
NumberOfStatesPropertiesLocated
42
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P10Y1M6D
us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
289400000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
755800000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
147400000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2500000
adc Mortgage Notes Assumed
MortgageNotesAssumed
42300000
CY2023Q3 adc Number Of Development And Developer Funding Platform Projects Commenced
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsCommenced
2
CY2023Q3 adc Number Of Development And Developer Funding Platform Projects Completed
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsCompleted
8
adc Number Of Development And Developer Funding Platform Projects Commenced
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsCommenced
9
adc Number Of Development And Developer Funding Platform Projects Completed
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsCompleted
17
adc Number Of Development And Developer Funding Platform Projects Construction
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsConstruction
16
CY2022Q3 adc Number Of Development And Developer Funding Platform Projects Commenced
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsCommenced
2
adc Number Of Development And Developer Funding Platform Projects Commenced
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsCommenced
22
adc Number Of Development And Developer Funding Platform Projects Construction
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsConstruction
20
CY2023Q3 adc Number Of Properties Sold
NumberOfPropertiesSold
1
CY2023Q3 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
200000
adc Number Of Properties Sold
NumberOfPropertiesSold
2
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
3300000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
300000
CY2022Q3 adc Number Of Properties Sold
NumberOfPropertiesSold
1
CY2022Q3 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
20000000.0
CY2022Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
3000000.0
adc Number Of Properties Sold
NumberOfPropertiesSold
6
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
43900000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
5300000
CY2023Q3 adc Real Estate Held For Sale Land
RealEstateHeldForSaleLand
1342000
CY2023Q3 adc Real Estate Held For Sale Building
RealEstateHeldForSaleBuilding
2393000
CY2023Q3 adc Real Estate Held For Sale Gross
RealEstateHeldForSaleGross
3735000
CY2023Q3 adc Real Estate Held For Sale Accumulated Depreciation
RealEstateHeldForSaleAccumulatedDepreciation
533000
CY2023Q3 adc Real Estate Held For Sale Net Total
RealEstateHeldForSaleNetTotal
3202000
CY2023Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
3200000
CY2022Q3 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
4500000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1000000.0
CY2023Q3 adc Impaired Real Estate Estate Fair Value
ImpairedRealEstateEstateFairValue
2600000
CY2022Q4 adc Impaired Real Estate Estate Fair Value
ImpairedRealEstateEstateFairValue
1800000
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2250000000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
231000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
963000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
51026000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
49629000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
50000000
CY2023Q3 adc Long Term Debt Maturities Repayments Of Principal In Year Five And After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveAndAfterYearFive
2102250000
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2254099000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
700000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
700000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2200000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2100000
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
8500000
CY2023Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
12300000
CY2022Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
0
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

Files In Submission

Name View Source Status
0001558370-23-016665-index-headers.html Edgar Link pending
0001558370-23-016665-index.html Edgar Link pending
0001558370-23-016665.txt Edgar Link pending
0001558370-23-016665-xbrl.zip Edgar Link pending
adc-20230930.xsd Edgar Link pending
adc-20230930x10q.htm Edgar Link pending
adc-20230930xex10d2.htm Edgar Link pending
adc-20230930xex22.htm Edgar Link pending
adc-20230930xex31d1.htm Edgar Link pending
adc-20230930xex31d2.htm Edgar Link pending
adc-20230930xex32d1.htm Edgar Link pending
adc-20230930xex32d2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
adc-20230930_pre.xml Edgar Link unprocessable
adc-20230930_def.xml Edgar Link unprocessable
adc-20230930_cal.xml Edgar Link unprocessable
adc-20230930_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
adc-20230930x10q_htm.xml Edgar Link completed
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending