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AGREE REALTY CORP

2024 Q2 Form 10-Q Financial Statement

#000155837024005482 Filed on April 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $152.6M $149.5M
YoY Change 17.46% 18.03%
Cost Of Revenue $17.21M $18.07M
YoY Change 9.64% 11.47%
Gross Profit $135.4M $131.4M
YoY Change 18.53% 19.0%
Gross Profit Margin 88.72% 87.91%
Selling, General & Admin $10.12M $9.930M
YoY Change 14.63% 7.34%
% of Gross Profit 7.48% 7.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.45M $48.46M
YoY Change 18.02% 19.23%
% of Gross Profit 37.27% 36.89%
Operating Expenses $60.58M $58.39M
YoY Change 17.44% 17.03%
Operating Profit $81.97M $72.99M
YoY Change 30.89% 20.62%
Interest Expense -$26.42M -$24.45M
YoY Change 32.42% -235.85%
% of Operating Profit -32.23% -33.5%
Other Income/Expense, Net $366.0K $117.0K
YoY Change 751.16% 143.75%
Pretax Income $55.92M $46.16M
YoY Change 34.02% 8.47%
Income Tax $1.004M $1.149M
% Of Pretax Income 1.8% 2.49%
Net Earnings $54.72M $42.88M
YoY Change 40.65% 3.04%
Net Earnings / Revenue 35.87% 28.69%
Basic Earnings Per Share $0.53 $0.43
Diluted Earnings Per Share $0.52 $0.43
COMMON SHARES
Basic Shares Outstanding 100.6M 100.5M
Diluted Shares Outstanding 100.5M 100.3M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.639M $6.314M
YoY Change 19.47% -46.53%
Cash & Equivalents $9.639M $6.314M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $0.00 $5.416M
Prepaid Expenses
Receivables $94.85M $91.30M
Other Receivables $0.00 $0.00
Total Short-Term Assets $104.5M $103.0M
YoY Change 32.27% 24.29%
LONG-TERM ASSETS
Property, Plant & Equipment $7.013B $6.881B
YoY Change 10.72% 13.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.62M $9.120M
YoY Change 249.72% 706.37%
Total Long-Term Assets $7.896B $7.766B
YoY Change 9.78% 12.49%
TOTAL ASSETS
Total Short-Term Assets $104.5M $103.0M
Total Long-Term Assets $7.896B $7.766B
Total Assets $8.001B $7.869B
YoY Change 10.02% 12.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $56.40M $66.24M
YoY Change 29.31% -4.43%
Accrued Expenses $17.06M $16.82M
YoY Change -0.76% -2.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $6.002M $6.023M
YoY Change 13858.14% 9310.94%
Total Short-Term Liabilities $131.9M $137.9M
YoY Change 24.75% 25.75%
LONG-TERM LIABILITIES
Long-Term Debt $2.669B $2.514B
YoY Change 24.14% 23.1%
Other Long-Term Liabilities $36.98M $36.76M
YoY Change -3.37% 1.19%
Total Long-Term Liabilities $2.706B $2.551B
YoY Change 23.66% 22.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $131.9M $137.9M
Total Long-Term Liabilities $2.706B $2.551B
Total Liabilities $2.838B $2.690B
YoY Change 23.64% 22.91%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $10.00K $10.00K
YoY Change 0.0% 11.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.162B $5.179B
YoY Change
Total Liabilities & Shareholders Equity $8.001B $7.869B
YoY Change 10.02% 12.63%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $54.72M $42.88M
YoY Change 40.65% 3.04%
Depreciation, Depletion And Amortization $50.45M $48.46M
YoY Change 18.02% 19.23%
Cash From Operating Activities $96.98M $103.1M
YoY Change 8.29% 9.53%
INVESTING ACTIVITIES
Capital Expenditures $187.6M $146.8M
YoY Change -44.06% -51.7%
Acquisitions
YoY Change
Other Investing Activities $35.17M $20.81M
YoY Change 1045.36% -54860.53%
Cash From Investing Activities -$164.3M -$126.0M
YoY Change -50.56% -61.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 76.12M 23.73M
YoY Change -68.55% -89.26%
NET CHANGE
Cash From Operating Activities 96.98M 103.1M
Cash From Investing Activities -164.3M -126.0M
Cash From Financing Activities 76.12M 23.73M
Net Change In Cash 8.820M 910.0K
YoY Change -1372.73% -105.7%
FREE CASH FLOW
Cash From Operating Activities $96.98M $103.1M
Capital Expenditures $187.6M $146.8M
Free Cash Flow -$90.62M -$43.63M
YoY Change -63.13% -79.2%

Facts In Submission

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StockRepurchasedDuringPeriodValue
2607000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1831000
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
CY2024Q1 us-gaap Profit Loss
ProfitLoss
45014000
CY2023Q1 us-gaap Profit Loss
ProfitLoss
41774000
CY2024Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
48463000
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
40646000
CY2024Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
8295000
CY2023Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
8611000
CY2024Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1269000
CY2023Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1113000
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2425000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1831000
CY2024Q1 us-gaap Straight Line Rent
StraightLineRent
2847000
CY2023Q1 us-gaap Straight Line Rent
StraightLineRent
3039000
CY2024Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
4530000
CY2024Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
2096000
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5676000
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2209000
CY2024Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
11661000
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
10024000
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
15426000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
15468000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
103142000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
94171000
CY2024Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
128343000
CY2023Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
303382000
CY2024Q1 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
304000
CY2023Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
539000
CY2024Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
18431000
CY2023Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
27687000
CY2024Q1 us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
307000
CY2023Q1 us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
38000
CY2024Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
21116000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-125965000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-331107000
CY2024Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
195133000
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2183000
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2607000
CY2024Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
200000000
CY2023Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
385000000
CY2024Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
97000000
CY2023Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
289000000
CY2024Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
235000
CY2023Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
221000
CY2024Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
74705000
CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
65198000
CY2024Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
258000
CY2023Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
266000
CY2024Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
27000
CY2023Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
15000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
23733000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
220967000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
910000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-15969000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14524000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28909000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15434000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12940000
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
12361000
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
7044000
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2686000
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
279000
CY2024Q1 adc Accrual Of Development Construction And Other Real Estate Investment Costs
AccrualOfDevelopmentConstructionAndOtherRealEstateInvestmentCosts
12626000
CY2023Q1 adc Accrual Of Development Construction And Other Real Estate Investment Costs
AccrualOfDevelopmentConstructionAndOtherRealEstateInvestmentCosts
-6459000
CY2024Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
2161
CY2024Q1 adc Gross Leasable Area Of Properties
GrossLeasableAreaOfProperties
44900000
CY2024Q1 adc Percentage Of Portfolio Leased
PercentageOfPortfolioLeased
0.996
CY2024Q1 adc Percentage Of Annualized Base Rent Derived
PercentageOfAnnualizedBaseRentDerived
0.688
CY2024Q1 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
24149000
CY2023Q1 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
22235000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
71640000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
90689000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
85866000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
77987000
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
68910000
CY2024Q1 adc Finite Lived Intangible Asset Expected Amortization Year Five And After Year Five
FiniteLivedIntangibleAssetExpectedAmortizationYearFiveAndAfterYearFive
409135000
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
804227000
CY2024Q1 us-gaap Cash Uninsured Amount
CashUninsuredAmount
14300000
CY2023Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
13400000
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6314000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10907000
CY2024Q1 us-gaap Escrow Deposit
EscrowDeposit
9120000
CY2023Q4 us-gaap Escrow Deposit
EscrowDeposit
3617000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15434000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14524000
CY2024Q1 adc Straight Line Rent Receivables
StraightLineRentReceivables
68600000
CY2023Q4 adc Straight Line Rent Receivables
StraightLineRentReceivables
65900000
CY2024Q1 adc Accounts Receivable Allowance For Credit Loss Number Of Leases
AccountsReceivableAllowanceForCreditLossNumberOfLeases
3
CY2024Q1 adc Accounts Receivable Allowance For Credit Loss Number Of Customers
AccountsReceivableAllowanceForCreditLossNumberOfCustomers
3
CY2024Q1 adc Increase Decrease In Rental Income Due To Uncollectible Charges
IncreaseDecreaseInRentalIncomeDueToUncollectibleCharges
100000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
44859000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
41614000
CY2024Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
17837000
CY2023Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
16391000
CY2024Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1859000
CY2023Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1859000
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
43000000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
39755000
CY2024Q1 adc Net Income Loss Unvested Restricted Stock
NetIncomeLossUnvestedRestrictedStock
120000
CY2023Q1 adc Net Income Loss Unvested Restricted Stock
NetIncomeLossUnvestedRestrictedStock
106000
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
42880000
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
39649000
CY2024Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
100565173
CY2023Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
90273864
CY2024Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
280585
CY2023Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
245609
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100284588
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90028255
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
100284588
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
90028255
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
52012
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
71925
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100336600
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90548172
CY2024Q1 us-gaap Weighted Average General Partnership Units Outstanding
WeightedAverageGeneralPartnershipUnitsOutstanding
347619
CY2023Q1 us-gaap Weighted Average General Partnership Units Outstanding
WeightedAverageGeneralPartnershipUnitsOutstanding
347619
CY2024Q1 adc Weighted Average Number Of Common Shares And Op Units Outstanding
WeightedAverageNumberOfCommonSharesAndOpUnitsOutstanding
100684219
CY2023Q1 adc Weighted Average Number Of Common Shares And Op Units Outstanding
WeightedAverageNumberOfCommonSharesAndOpUnitsOutstanding
90895791
CY2024Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
136861000
CY2023Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
115761000
CY2024Q1 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-color:#000000;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>
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2024Q1 us-gaap Lessor Operating Lease Existence Of Option To Extend
LessorOperatingLeaseExistenceOfOptionToExtend
true
CY2024Q1 us-gaap Lease Practical Expedients Package
LeasePracticalExpedientsPackage
true
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
154698000
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
132152000
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.04
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
897000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1197000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
428698000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
569852000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
550528000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
524190000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
486812000
CY2024Q1 adc Lessor Operating Lease Payment To Be Received Year Five And After Year Five
LessorOperatingLeasePaymentToBeReceivedYearFiveAndAfterYearFive
2402967000
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
4963047000
CY2024Q1 us-gaap Deferred Revenue
DeferredRevenue
23300000
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
21900000
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
60000000.0
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
60200000
CY2024Q1 adc Operating And Financing Lease Liability
OperatingAndFinancingLeaseLiability
22800000
CY2023Q4 adc Operating And Financing Lease Liability
OperatingAndFinancingLeaseLiability
23000000.0
CY2023Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
CY2024Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
CY2024Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
0
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
299000
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
299000
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y2M12D
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y4M24D
CY2024Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
62000
CY2023Q1 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
63000
CY2024Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
22000
CY2023Q1 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
21000
CY2024Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P0Y6M
CY2023Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y6M
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1195000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1042000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1013000
CY2024Q1 adc Lessee Operating Lease Liability To Be Paid Year Five And After Year Five
LesseeOperatingLeaseLiabilityToBePaidYearFiveAndAfterYearFive
27796000
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
33140000
CY2024Q1 adc Lessee Operating Lease Liability Undiscounted Excess Amount Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountRemainderOfFiscalYear
516000
CY2024Q1 adc Lessee Operating Lease Liability Undiscounted Excess Amount Next Twelve Months
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountNextTwelveMonths
669000
CY2024Q1 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Two
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearTwo
647000
CY2024Q1 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Three
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearThree
627000
CY2024Q1 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Four
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearFour
609000
CY2024Q1 adc Lessee Operating Lease Liability Undiscounted Excess Amount Year Five And After Year Five
LesseeOperatingLeaseLiabilityUndiscountedExcessAmountYearFiveAndAfterYearFive
13254000
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16322000
CY2024Q1 adc Net Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
NetLesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
381000
CY2024Q1 adc Net Lessee Operating Lease Liability Payments Next Twelve Months
NetLesseeOperatingLeaseLiabilityPaymentsNextTwelveMonths
528000
CY2024Q1 adc Net Lessee Operating Lease Liability Payments Year Two
NetLesseeOperatingLeaseLiabilityPaymentsYearTwo
548000
CY2024Q1 adc Net Lessee Operating Lease Liability Payments Year Three
NetLesseeOperatingLeaseLiabilityPaymentsYearThree
415000
CY2024Q1 adc Net Lessee Operating Lease Liability Payments Year Four
NetLesseeOperatingLeaseLiabilityPaymentsYearFour
404000
CY2024Q1 adc Net Lessee Operating Lease Liability Payments Year Five And After Year Five
NetLesseeOperatingLeaseLiabilityPaymentsYearFiveAndAfterYearFive
14542000
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
16818000
CY2024Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
6168000
CY2024Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
0
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
0
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0
CY2024Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0
CY2024Q1 adc Finance Lease Liability To Be Paid Year Five And After Year Five
FinanceLeaseLiabilityToBePaidYearFiveAndAfterYearFive
0
CY2024Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
6168000
CY2024Q1 adc Finance Lease Liability Undiscounted Excess Amount Remainder Of Fiscal Year
FinanceLeaseLiabilityUndiscountedExcessAmountRemainderOfFiscalYear
145000
CY2024Q1 adc Finance Lease Liability Undiscounted Excess Amount Next Twelve Months
FinanceLeaseLiabilityUndiscountedExcessAmountNextTwelveMonths
0
CY2024Q1 adc Finance Lease Liability Undiscounted Excess Amount Year Two
FinanceLeaseLiabilityUndiscountedExcessAmountYearTwo
0
CY2024Q1 adc Finance Lease Liability Undiscounted Excess Amount Year Three
FinanceLeaseLiabilityUndiscountedExcessAmountYearThree
0
CY2024Q1 adc Finance Lease Liability Undiscounted Excess Amount Year Four
FinanceLeaseLiabilityUndiscountedExcessAmountYearFour
0
CY2024Q1 adc Finance Lease Liability Undiscounted Excess Amount Year Five And After Year Five
FinanceLeaseLiabilityUndiscountedExcessAmountYearFiveAndAfterYearFive
0
CY2024Q1 adc Finance Leases Liability Undiscounted Excess Amount
FinanceLeasesLiabilityUndiscountedExcessAmount
145000
CY2024Q1 adc Net Finance Lease Liability Payments Remainder Of Fiscal Year
NetFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
6023000
CY2024Q1 adc Net Finance Lease Liability Payments Next Twelve Months
NetFinanceLeaseLiabilityPaymentsNextTwelveMonths
0
CY2024Q1 adc Net Finance Lease Liability Payments Year Two
NetFinanceLeaseLiabilityPaymentsYearTwo
0
CY2024Q1 adc Net Finance Lease Liability Payments Year Three
NetFinanceLeaseLiabilityPaymentsYearThree
0
CY2024Q1 adc Net Finance Lease Liability Payments Year Four
NetFinanceLeaseLiabilityPaymentsYearFour
0
CY2024Q1 adc Net Finance Lease Liability Payments Year Five And After Year Five
NetFinanceLeaseLiabilityPaymentsYearFiveAndAfterYearFive
0
CY2024Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
6023000
CY2024Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
2161
CY2024Q1 adc Gross Leasable Area Of Properties
GrossLeasableAreaOfProperties
44900000
CY2024Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6820000000
CY2023Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
2135
CY2023Q4 adc Gross Leasable Area Of Properties
GrossLeasableAreaOfProperties
44200000
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6740000000
CY2024Q1 adc Retail Net Lease Assets Purchased
RetailNetLeaseAssetsPurchased
31
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
128300000
CY2024Q1 adc Number Of States Properties Located
NumberOfStatesPropertiesLocated
22
CY2024Q1 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P8Y2M12D
CY2024Q1 us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
31000000.0
CY2024Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
83200000
CY2024Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
14100000
CY2023Q1 adc Retail Net Lease Assets Purchased
RetailNetLeaseAssetsPurchased
66
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
303900000
CY2023Q1 adc Number Of States Properties Located
NumberOfStatesPropertiesLocated
24
CY2023Q1 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P13Y1M6D
CY2024Q1 adc Number Of Development And Developer Funding Platform Projects Commenced
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsCommenced
4
CY2024Q1 adc Number Of Development And Developer Funding Platform Projects Completed
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsCompleted
2
CY2024Q1 adc Number Of Development And Developer Funding Platform Projects Construction
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsConstruction
18
CY2023Q1 adc Number Of Development And Developer Funding Platform Projects Commenced
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsCommenced
5
CY2023Q1 adc Number Of Development And Developer Funding Platform Projects Completed
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsCompleted
3
CY2023Q1 adc Number Of Development And Developer Funding Platform Projects Construction
NumberOfDevelopmentAndDeveloperFundingPlatformProjectsConstruction
26
CY2024Q1 adc Number Of Real Estate Properties Held For Sale Sold
NumberOfRealEstatePropertiesHeldForSaleSold
6
CY2024Q1 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
21100000
CY2024Q1 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
2100000
CY2024Q1 adc Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
3
CY2023Q4 adc Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
1
CY2024Q1 adc Real Estate Held For Sale Land
RealEstateHeldForSaleLand
2137000
CY2023Q4 adc Real Estate Held For Sale Land
RealEstateHeldForSaleLand
671000
CY2024Q1 adc Real Estate Held For Sale Building
RealEstateHeldForSaleBuilding
3586000
CY2023Q4 adc Real Estate Held For Sale Building
RealEstateHeldForSaleBuilding
2978000
CY2024Q1 adc Real Estate Held For Sale Gross
RealEstateHeldForSaleGross
5723000
CY2023Q4 adc Real Estate Held For Sale Gross
RealEstateHeldForSaleGross
3649000
CY2024Q1 adc Real Estate Held For Sale Accumulated Depreciation
RealEstateHeldForSaleAccumulatedDepreciation
307000
CY2023Q4 adc Real Estate Held For Sale Accumulated Depreciation
RealEstateHeldForSaleAccumulatedDepreciation
7000
CY2024Q1 adc Real Estate Held For Sale Net Total
RealEstateHeldForSaleNetTotal
5416000
CY2023Q4 adc Real Estate Held For Sale Net Total
RealEstateHeldForSaleNetTotal
3642000
CY2024Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
4500000
CY2023Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2024Q1 adc Impaired Real Estate Estate Fair Value
ImpairedRealEstateEstateFairValue
13700000
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2530000000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
727000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
51026000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
330629000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
50000000
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
410000000
CY2024Q1 adc Long Term Debt Maturities Repayments Of Principal In Year Five And After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveAndAfterYearFive
1692250000
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2534632000
CY2024Q1 adc Schedule Of Equity Distributions
ScheduleOfEquityDistributions
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The Company enters into at-the-market (“ATM”) programs through which the Company, from time to time, sells shares of common stock and/or enters into forward sale agreements.</p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:80%;"><tr style="height:1pt;"><td style="vertical-align:bottom;white-space:nowrap;width:23.01%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.62%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.64%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.64%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:23.01%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Program Size</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Net Proceeds</p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:23.01%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Program Year</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><i style="font-style:italic;"> ($ million)</i></p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">Shares Issued</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><i style="font-style:italic;">($ million)</i></p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:23.01%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">2020</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.62%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">*</p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">$400.0 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">3,334,056</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">$209.5 </p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:23.01%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">2021</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">*</p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">$500.0 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">5,453,975</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">$379.1 </p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:23.01%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">2022</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.62%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">*</p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">$750.0 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">10,217,973</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.64%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">$670.2 </p></td></tr><tr><td style="vertical-align:bottom;white-space:nowrap;width:23.01%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">2024</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.62%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">$1,000.0 </p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.64%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:23.02%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;">-</p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">* ATM Programs have been terminated and no future issuance will occur under them.</p>
CY2024Q1 us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
7200000
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
13092000
CY2024Q1 adc Derivative Net Asset Position Aggregate Fair Value
DerivativeNetAssetPositionAggregateFairValue
7600000
CY2023Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
4100000
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

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