10-K Filing

AGREE REALTY CORP CIK: 917251 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001144204-13-014094`
Period End Date	20121231
Filing Date	20130311
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	adc-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 106 Income Statement 137 Cash Flow Statement 127 Stockholders Equity 20

Balance Sheet 106 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$35.00K	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$35.00K	USD	Point-in-time
Accumulated amortization, deferred finance costs (in dollars)	`AccumulatedAmortizationDeferredFinanceCosts`	$6.27M	USD	Point-in-time
Accumulated amortization, deferred finance costs (in dollars)	`AccumulatedAmortizationDeferredFinanceCosts`	$5.71M	USD	Point-in-time
Land	`Land`	$134.74M	USD	Point-in-time
Land	`Land`	$108.67M	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$229.82M	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$240.20M	USD	Point-in-time
Deferred costs, leasing, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$1.31M	USD	Point-in-time
Deferred costs, leasing, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$1.21M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$58.51M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$1.59M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$569.74K	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$68.59M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$316.44M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$269.90M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$1.58M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$18.98M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.85M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	13.35M	shares	Point-in-time
Property held for sale	`RealEstateHeldforsale`	$4.54M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	9.85M	shares	Point-in-time
Property held for sale	`RealEstateHeldforsale`	-	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	11.44M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	11.44M	shares	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$339.96M	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$271.48M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	9.85M	shares	Point-in-time
Excess stock, par value (in dollars per share)	`ExcessStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Excess stock, par value (in dollars per share)	`ExcessStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$688.67K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$593.28K	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Excess stock, shares authorized	`ExcessStockSharesAuthorized`	6.50M	shares	Point-in-time
Accounts Receivable - Tenants, net of allowance of $35,000 for possible losses at December 31, 2012 and 2011, respectively	`AccountsReceivableNet`	$2.16M	USD	Point-in-time
Excess stock, shares authorized	`ExcessStockSharesAuthorized`	4.00M	shares	Point-in-time
Accounts Receivable - Tenants, net of allowance of $35,000 for possible losses at December 31, 2012 and 2011, respectively	`AccountsReceivableNet`	$801.68K	USD	Point-in-time
Excess stock, shares issued	`ExcessStockSharesIssued`	0.00	shares	Point-in-time
Excess stock, shares issued	`ExcessStockSharesIssued`	0.00	shares	Point-in-time
Financing costs, net of accumulated amortization of $6,273,113 and $5,707,043 at December 31, 2012 and 2011, respectively	`DeferredFinanceCostsNet`	$1.80M	USD	Point-in-time
Excess stock, shares outstanding	`ExcessStockSharesOutstanding`	0.00	shares	Point-in-time
Excess stock, shares outstanding	`ExcessStockSharesOutstanding`	0.00	shares	Point-in-time
Financing costs, net of accumulated amortization of $6,273,113 and $5,707,043 at December 31, 2012 and 2011, respectively	`DeferredFinanceCostsNet`	$2.86M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Leasing costs, net of accumulated amortization of $1,312,085 and $1,205,985 at December 31, 2012 and 2011, respectively	`DeferredCostsLeasingNet`	$737.97K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Leasing costs, net of accumulated amortization of $1,312,085 and $1,205,985 at December 31, 2012 and 2011, respectively	`DeferredCostsLeasingNet`	$687.83K	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $1,594,815 and $569,737 at December 31, 2012 and 2011, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$21.34M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	150,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	150,000.00	shares	Point-in-time
Lease intangibles, net of accumulated amortization of $1,594,815 and $569,737 at December 31, 2012 and 2011, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$16.15M	USD	Point-in-time
Other Assets	`OtherAssets`	$962.97K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other Assets	`OtherAssets`	$1.81M	USD	Point-in-time
Total Assets	`Assets`	$293.94M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Assets	`Assets`	$370.09M	USD	Point-in-time
Mortgages Payable	`SecuredDebt`	$117.38M	USD	Point-in-time
Mortgages Payable	`SecuredDebt`	$62.85M	USD	Point-in-time
Notes Payable	`NotesPayable`	$43.53M	USD	Point-in-time
Notes Payable	`NotesPayable`	$56.44M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$4.71M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$4.07M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.93M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$2.39M	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$734.20K	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$335.42K	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$424.32K	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$122.08K	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$3.38M	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$2.02M	USD	Point-in-time
Interest Rate Swap	`InterestRateDerivativeLiabilitiesAtFairValue`	$1.34M	USD	Point-in-time
Interest Rate Swap	`InterestRateDerivativeLiabilitiesAtFairValue`	$629.46K	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilities`	$705.00K	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilities`	$705.00K	USD	Point-in-time
Tenant Deposits	`SecurityDepositLiability`	$84.28K	USD	Point-in-time
Tenant Deposits	`SecurityDepositLiability`	$64.46K	USD	Point-in-time
Total Liabilities	`Liabilities`	$172.13M	USD	Point-in-time
Total Liabilities	`Liabilities`	$131.72M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.0001 par value, 15,850,000 and 13,350,000 shares authorized, 11,436,044 and 9,851,914 shares issued and outstanding, respectively	`CommonStockValue`	$985.00	USD	Point-in-time
Common stock, $.0001 par value, 15,850,000 and 13,350,000 shares authorized, 11,436,044 and 9,851,914 shares issued and outstanding, respectively	`CommonStockValue`	$1.14K	USD	Point-in-time
Excess stock, $.0001 par value, 4,000,000 and 6,500,000 shares authorized, 0 shares issued and outstanding, respectively	`ExcessStock`	-	USD	Point-in-time
Excess stock, $.0001 par value, 4,000,000 and 6,500,000 shares authorized, 0 shares issued and outstanding, respectively	`ExcessStock`	-	USD	Point-in-time
Series A junior participating preferred stock, $.0001 par value, 150,000 shares authorized, 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Series A junior participating preferred stock, $.0001 par value, 150,000 shares authorized, 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$217.77M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$181.07M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-21.17M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-20.92M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.29M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-606.57K	USD	Point-in-time
Total Stockholders' Equity - Agree Realty Corporation	`StockholdersEquity`	$159.55M	USD	Point-in-time
Total Stockholders' Equity - Agree Realty Corporation	`StockholdersEquity`	$195.31M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.66M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.68M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.97M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$162.22M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$293.94M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$370.09M	USD	Point-in-time

Income Statement 137 line items

Line Item	Tag	Value	Unit	Period
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$28.36M	USD	Annual
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$33.54M	USD	Annual
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$24.67M	USD	Annual
Percentage rents	`PercentageRent`	$34.52K	USD	Annual
Percentage rents	`PercentageRent`	$34.40K	USD	Annual
Percentage rents	`PercentageRent`	$27.62K	USD	Annual
Operating cost reimbursement	`TenantReimbursements`	$1.97M	USD	Annual
Operating cost reimbursement	`TenantReimbursements`	$2.16M	USD	Annual
Operating cost reimbursement	`TenantReimbursements`	$2.03M	USD	Annual
Development fee income	`ConstructionRevenue`	$894.69K	USD	Annual
Development fee income	`ConstructionRevenue`	$589.54K	USD	Annual
Development fee income	`ConstructionRevenue`	-	USD	Annual
Other income	`OtherIncome`	$97.58K	USD	Annual
Other income	`OtherIncome`	$150.44K	USD	Annual
Other income	`OtherIncome`	$59.99K	USD	Annual
Total Revenues	`Revenues`	$9.19K	USD	1 Quarter
Total Revenues	`Revenues`	$27.42M	USD	Annual
Total Revenues	`Revenues`	$35.79M	USD	Annual
Total Revenues	`Revenues`	$8.15K	USD	1 Quarter
Total Revenues	`Revenues`	$7.64K	USD	1 Quarter
Total Revenues	`Revenues`	$31.41M	USD	Annual
Total Revenues	`Revenues`	$9.58K	USD	1 Quarter
Total Revenues	`Revenues`	$8.39K	USD	1 Quarter
Total Revenues	`Revenues`	$8.63K	USD	1 Quarter
Total Revenues	`Revenues`	$7.87K	USD	1 Quarter
Total Revenues	`Revenues`	$7.74K	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$1.90M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$1.90M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$1.53M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.11M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.18M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.10M	USD	Annual
Land lease payments	`LeaseAndRentalExpense`	$721.30K	USD	Annual
Land lease payments	`LeaseAndRentalExpense`	$574.30K	USD	Annual
Land lease payments	`LeaseAndRentalExpense`	$476.53K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.68M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.00M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.66M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$6.47M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$5.42M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$4.33M	USD	Annual
Impairment charge	`ImpairmentOfRealEstate`	$6.16M	USD	Annual
Impairment charge	`ImpairmentOfRealEstate`	$600.00K	USD	Annual
Impairment charge	`ImpairmentOfRealEstate`	-	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$15.73M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$18.62M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$15.47M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$20.06M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$8.81M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$15.93M	USD	Annual
Interest expense, net	`InterestExpense`	$5.13M	USD	Annual
Interest expense, net	`InterestExpense`	$3.46M	USD	Annual
Interest expense, net	`InterestExpense`	$3.96M	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$2.36M	USD	Annual
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$14.34M	USD	Annual
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$5.34M	USD	Annual
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$14.92M	USD	Annual
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$2.10M	USD	Annual
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$4.74M	USD	Annual
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$110.21K	USD	Annual
Income/(loss) from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$5.55M	USD	Annual
Income/(loss) from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$-4.56M	USD	Annual
Income/(loss) from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$1.58M	USD	Annual
Net Income	`ProfitLoss`	$15.63M	USD	Annual
Net Income	`ProfitLoss`	$4.75K	USD	1 Quarter
Net Income	`ProfitLoss`	$5.09K	USD	1 Quarter
Net Income	`ProfitLoss`	$18.60M	USD	Annual
Net Income	`ProfitLoss`	$-1.85K	USD	1 Quarter
Net Income	`ProfitLoss`	$4.70K	USD	1 Quarter
Net Income	`ProfitLoss`	$3.82K	USD	1 Quarter
Net Income	`ProfitLoss`	$9.89M	USD	Annual
Net Income	`ProfitLoss`	$3.22K	USD	1 Quarter
Net Income	`ProfitLoss`	$4.74K	USD	1 Quarter
Net Income	`ProfitLoss`	$4.03K	USD	1 Quarter
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$554.15K	USD	Annual
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$338.39K	USD	Annual
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$561.04K	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$9.55M	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$18.05M	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$15.07M	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.57	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.44	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.31	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.32	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.45	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$1.08	USD	Annual
Earnings Per Share, Basic (in dollars per share)	`EarningsPerShareBasic`	$1.65	USD	Annual
Earnings Per Share, Basic (in dollars per share)	`EarningsPerShareBasic`	$1.63	USD	Annual
Earnings Per Share, Basic (in dollars per share)	`EarningsPerShareBasic`	$0.99	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.30	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.56	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.44	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.45	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$1.08	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.32	USD	Annual
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.62	USD	Annual
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.99	USD	Annual
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.64	USD	Annual
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.19	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.44	USD	1 Quarter
Net income	`ProfitLoss`	$15.63M	USD	Annual
Net income	`ProfitLoss`	$4.75K	USD	1 Quarter
Net income	`ProfitLoss`	$5.09K	USD	1 Quarter
Net income	`ProfitLoss`	$18.60M	USD	Annual
Net income	`ProfitLoss`	$-1.85K	USD	1 Quarter
Net income	`ProfitLoss`	$4.70K	USD	1 Quarter
Net income	`ProfitLoss`	$3.82K	USD	1 Quarter
Net income	`ProfitLoss`	$9.89M	USD	Annual
Net income	`ProfitLoss`	$3.22K	USD	1 Quarter
Net income	`ProfitLoss`	$4.74K	USD	1 Quarter
Net income	`ProfitLoss`	$4.03K	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-718.46K	USD	Annual
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-708.54K	USD	Annual
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$163.75K	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$17.90M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$10.05M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$14.91M	USD	Annual
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$-533.31K	USD	Annual
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$-536.51K	USD	Annual
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$-343.98K	USD	Annual
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$9.71M	USD	Annual
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$14.37M	USD	Annual
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$17.36M	USD	Annual
Weighted Average Number of Common Shares: Outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.64M	shares	Annual
Weighted Average Number of Common Shares: Outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.07M	shares	Annual
Weighted Average Number of Common Shares: Outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.16M	shares	Annual
Weighted Average Number of Common Shares: Outstanding - Dilutive (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.14M	shares	Annual
Weighted Average Number of Common Shares: Outstanding - Dilutive (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.19M	shares	Annual
Weighted Average Number of Common Shares: Outstanding - Dilutive (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.68M	shares	Annual

Cash Flow Statement 127 line items

Line Item	Tag	Value	Unit	Period
Interest Capitalized For Real Estate Under Development	`InterestCapitalizedForRealEstateUnderDevelopment`	-	USD	Annual
Interest Capitalized For Real Estate Under Development	`InterestCapitalizedForRealEstateUnderDevelopment`	$319.24K	USD	Annual
Interest Capitalized For Real Estate Under Development	`InterestCapitalizedForRealEstateUnderDevelopment`	$149.05K	USD	Annual
Net income	`ProfitLoss`	$15.63M	USD	Annual
Net income	`ProfitLoss`	$4.75K	USD	1 Quarter
Net income	`ProfitLoss`	$5.09K	USD	1 Quarter
Net income	`ProfitLoss`	$18.60M	USD	Annual
Net income	`ProfitLoss`	$-1.85K	USD	1 Quarter
Net income	`ProfitLoss`	$4.70K	USD	1 Quarter
Net income	`ProfitLoss`	$3.82K	USD	1 Quarter
Net income	`ProfitLoss`	$9.89M	USD	Annual
Net income	`ProfitLoss`	$3.22K	USD	1 Quarter
Net income	`ProfitLoss`	$4.74K	USD	1 Quarter
Net income	`ProfitLoss`	$4.03K	USD	1 Quarter
Depreciation	`Depreciation`	$5.79M	USD	Annual
Depreciation	`Depreciation`	$6.06M	USD	Annual
Depreciation	`Depreciation`	$5.81M	USD	Annual
Amortization	`AdjustmentForAmortization`	$1.71M	USD	Annual
Amortization	`AdjustmentForAmortization`	$409.92K	USD	Annual
Amortization	`AdjustmentForAmortization`	$1.11M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.36M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.66M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.17M	USD	Annual
Impairment charge	`AssetImpairmentCharges`	-	USD	Annual
Impairment charge	`AssetImpairmentCharges`	$8.14M	USD	Annual
Impairment charge	`AssetImpairmentCharges`	$13.50M	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$2.36M	USD	Annual
Gain on sale of assets	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$2.10M	USD	Annual
Gain on sale of assets	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$4.74M	USD	Annual
Gain on sale of assets	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$110.21K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-656.71K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-528.45K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.36M	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-8.07K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$864.29K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$114.47K	USD	Annual
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-101.37K	USD	Annual
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.36M	USD	Annual
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.95M	USD	Annual
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-689.55K	USD	Annual
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-6.95M	USD	Annual
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-463.38K	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-398.78K	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$513.04K	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-39.86K	USD	Annual
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$3.87K	USD	Annual
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$-19.81K	USD	Annual
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$-16.88K	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$21.21M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$26.11M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$25.50M	USD	Annual
Acquisition of real estate investments (including capitalized interest of $149,054 in 2012, $0 in 2011, and $319,235 in 2010)	`PaymentsToAcquireProductiveAssets`	$47.02M	USD	Annual
Acquisition of real estate investments (including capitalized interest of $149,054 in 2012, $0 in 2011, and $319,235 in 2010)	`PaymentsToAcquireProductiveAssets`	$37.11M	USD	Annual
Acquisition of real estate investments (including capitalized interest of $149,054 in 2012, $0 in 2011, and $319,235 in 2010)	`PaymentsToAcquireProductiveAssets`	$84.52M	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$55.96K	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$368.17K	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$197.26K	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$15.32M	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$8.06M	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$14.20M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.19M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.25M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-69.26M	USD	Annual
Proceeds from common stock offering	`ProceedsFromIssuanceOfCommonStock`	$31.07M	USD	Annual
Proceeds from common stock offering	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from common stock offering	`ProceedsFromIssuanceOfCommonStock`	$35.04M	USD	Annual
Line-of-credit borrowings	`ProceedsFromLinesOfCredit`	$101.22M	USD	Annual
Line-of-credit borrowings	`ProceedsFromLinesOfCredit`	$119.24M	USD	Annual
Line-of-credit borrowings	`ProceedsFromLinesOfCredit`	$46.90M	USD	Annual
Line-of-credit repayments	`RepaymentsOfLinesOfCredit`	$47.52M	USD	Annual
Line-of-credit repayments	`RepaymentsOfLinesOfCredit`	$114.13M	USD	Annual
Line-of-credit repayments	`RepaymentsOfLinesOfCredit`	$91.18M	USD	Annual
Mortgage proceeds	`ProceedsFromIssuanceOfSecuredDebt`	$48.64M	USD	Annual
Mortgage proceeds	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	Annual
Mortgage proceeds	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	Annual
Payments of mortgages payable	`RepaymentsOfSecuredDebt`	$3.16M	USD	Annual
Payments of mortgages payable	`RepaymentsOfSecuredDebt`	$4.23M	USD	Annual
Payments of mortgages payable	`RepaymentsOfSecuredDebt`	$4.03M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$18.34M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$16.80M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$17.66M	USD	Annual
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$709.14K	USD	Annual
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$594.43K	USD	Annual
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$556.19K	USD	Annual
Repayments of payables for capital expenditures	`RepaymentsOfOtherDebt`	$286.08K	USD	Annual
Repayments of payables for capital expenditures	`RepaymentsOfOtherDebt`	$424.32K	USD	Annual
Repayments of payables for capital expenditures	`RepaymentsOfOtherDebt`	$352.43K	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$1.64M	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$39.15K	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$985.30K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$6.98M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$5.16M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$47.32M	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-95.39K	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.41M	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-732.64K	USD	Annual
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$688.67K	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$593.28K	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$688.67K	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$593.28K	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$4.72M	USD	Annual
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$4.46M	USD	Annual
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$4.49M	USD	Annual
Cash paid for income tax	`IncomeTaxesPaid`	$318.29K	USD	Annual
Cash paid for income tax	`IncomeTaxesPaid`	$220.20K	USD	Annual
Cash paid for income tax	`IncomeTaxesPaid`	$293.72K	USD	Annual
Shares issued under Stock Incentive Plan	`StockIssued1`	$2.18M	USD	Annual
Shares issued under Stock Incentive Plan	`StockIssued1`	$2.31M	USD	Annual
Shares issued under Stock Incentive Plan	`StockIssued1`	$2.07M	USD	Annual
Dividends and limited partners' distributions declared and unpaid	`DividendsDeclaredAndUnpaid`	$4.71M	USD	Annual
Dividends and limited partners' distributions declared and unpaid	`DividendsDeclaredAndUnpaid`	$4.07M	USD	Annual
Dividends and limited partners' distributions declared and unpaid	`DividendsDeclaredAndUnpaid`	$5.15M	USD	Annual
Real estate investments financed with accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$122.08K	USD	Annual
Real estate investments financed with accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$424.32K	USD	Annual
Real estate investments financed with accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$286.08K	USD	Annual
Forgiveness of mortgage debt	`DebtInstrumentDecreaseForgiveness`	-	USD	Annual
Forgiveness of mortgage debt	`DebtInstrumentDecreaseForgiveness`	-	USD	Annual
Forgiveness of mortgage debt	`DebtInstrumentDecreaseForgiveness`	$9.17M	USD	Annual
Real estate acquisitions financed with debt assumption	`RealEstateAcquisitionsFinancedWithDebtAssumption`	$18.22M	USD	Annual
Real estate acquisitions financed with debt assumption	`RealEstateAcquisitionsFinancedWithDebtAssumption`	-	USD	Annual
Real estate acquisitions financed with debt assumption	`RealEstateAcquisitionsFinancedWithDebtAssumption`	$3.40M	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Dividends and distributions declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.40	USD	1 Quarter
Dividends and distributions declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.40	USD	1 Quarter
Dividends and distributions declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.60	USD	Annual
Dividends and distributions declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$1.60	USD	Annual
Dividends and distributions declared (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$2.04	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.97M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$162.22M	USD	Point-in-time
Net income	`ProfitLoss`	$15.63M	USD	Annual
Net income	`ProfitLoss`	$4.75K	USD	1 Quarter
Net income	`ProfitLoss`	$5.09K	USD	1 Quarter
Net income	`ProfitLoss`	$18.60M	USD	Annual
Net income	`ProfitLoss`	$-1.85K	USD	1 Quarter
Net income	`ProfitLoss`	$4.70K	USD	1 Quarter
Net income	`ProfitLoss`	$3.82K	USD	1 Quarter
Net income	`ProfitLoss`	$9.89M	USD	Annual
Net income	`ProfitLoss`	$3.22K	USD	1 Quarter
Net income	`ProfitLoss`	$4.74K	USD	1 Quarter
Net income	`ProfitLoss`	$4.03K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.97M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$162.22M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.