10-K Filing

AGREE REALTY CORP CIK: 917251 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001144204-15-014605`
Period End Date	20141231
Filing Date	20150306
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	adc-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 104 Income Statement 134 Cash Flow Statement 124 Stockholders Equity 38

Balance Sheet 104 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`	$2.69M	USD	Point-in-time
Accumulated amortization, deferred finance costs (in dollars)	`AccumulatedAmortizationDeferredFinanceCosts`	$7.01M	USD	Point-in-time
Deferred costs, leasing, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$1.43M	USD	Point-in-time
Land	`Land`	$195.09M	USD	Point-in-time
Deferred costs, leasing, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$543.96K	USD	Point-in-time
Land	`Land`	$162.10M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$5.72M	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$393.83M	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$297.46M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$3.23M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$60.63M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$59.09M	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`	$529.83M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	28.00M	shares	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$398.93M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	28.00M	shares	Point-in-time
Property under development	`DevelopmentInProcess`	$229.24K	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	14.88M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	17.54M	shares	Point-in-time
Property under development	`DevelopmentInProcess`	$6.96M	USD	Point-in-time
Property held for sale	`RealEstateHeldforsale`	$4.85M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	17.54M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	14.88M	shares	Point-in-time
Property held for sale	`RealEstateHeldforsale`	-	USD	Point-in-time
Excess stock, par value (in dollars per share)	`ExcessStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$410.73M	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$530.06M	USD	Point-in-time
Excess stock, par value (in dollars per share)	`ExcessStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.54M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Excess stock, shares authorized	`ExcessStockSharesAuthorized`	4.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Excess stock, shares authorized	`ExcessStockSharesAuthorized`	8.00M	shares	Point-in-time
Accounts Receivable - Tenants, net of allowance of $35,000 for possible losses at December 31, 2014 and 2013	`AccountsReceivableNet`	$3.26M	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
Accounts Receivable - Tenants, net of allowance of $35,000 for possible losses at December 31, 2014 and 2013	`AccountsReceivableNet`	$4.51M	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 $2,690,005 and $7,009,538 at December 31, 2014 and 2013, respectively	`DeferredFinanceCostsNet`	$3.01M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Financing costs, net of accumulated amortization of $2,690,005 and $7,009,538 at December 31, 2014 and 2013, respectively	`DeferredFinanceCostsNet`	$2.53M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	150,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Leasing costs, net of accumulated amortization of $543,957 and $1,425,186 at December 31, 2014 and 2013, respectively	`DeferredCostsLeasingNet`	$758.04K	USD	Point-in-time
Leasing costs, net of accumulated amortization of $543,957 and $1,425,186 at December 31, 2014 and 2013, respectively	`DeferredCostsLeasingNet`	$783.34K	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $5,719,085 and $3,228,506 at December 31, 2014 and 2013, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$47.48M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $5,719,085 and $3,228,506 at December 31, 2014 and 2013, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$27.71M	USD	Point-in-time
Other Assets	`OtherAssets`	$2.35M	USD	Point-in-time
Other Assets	`OtherAssets`	$3.22M	USD	Point-in-time
Total Assets	`Assets`	$593.58M	USD	Point-in-time
Total Assets	`Assets`	$462.74M	USD	Point-in-time
Mortgages Notes Payable	`SecuredDebt`	$106.76M	USD	Point-in-time
Mortgages Notes Payable	`SecuredDebt`	$113.90M	USD	Point-in-time
Unsecured Term Loans	`UnsecuredDebt`	$35.00M	USD	Point-in-time
Unsecured Term Loans	`UnsecuredDebt`	$100.00M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$15.00M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$9.50M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$6.24M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$8.05M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.00M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.47M	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$721.46K	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$470.86K	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$144.07K	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$200.30K	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$2.85M	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$2.68M	USD	Point-in-time
Interest Rate Swap	`InterestRateDerivativeLiabilitiesAtFairValue`	$204.70K	USD	Point-in-time
Interest Rate Swap	`InterestRateDerivativeLiabilitiesAtFairValue`	$2.38M	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`	$36.16K	USD	Point-in-time
Tenant Deposits	`SecurityDepositLiability`	$40.65K	USD	Point-in-time
Total Liabilities	`Liabilities`	$170.53M	USD	Point-in-time
Total Liabilities	`Liabilities`	$237.55M	USD	Point-in-time
Common stock, $.0001 par value, 28,000,000 shares authorized, 17,539,946 and 14,883,314 shares issued and outstanding, respectively	`CommonStockValue`	$1.49K	USD	Point-in-time
Common stock, $.0001 par value, 28,000,000 shares authorized, 17,539,946 and 14,883,314 shares issued and outstanding, respectively	`CommonStockValue`	$1.75K	USD	Point-in-time
Excess stock, $.0001 par value, 8,000,000 and 4,000,000 shares authorized, 0 shares issued and outstanding	`ExcessStock`	-	USD	Point-in-time
Excess stock, $.0001 par value, 8,000,000 and 4,000,000 shares authorized, 0 shares issued and outstanding	`ExcessStock`	-	USD	Point-in-time
Preferred Stock, $.0001 par value per share, 4,000,000 and 150,000 shares authorized, respectively Series A junior participating preferred stock, $.0001 par value, 200,000 and 150,000 shares authorized, 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $.0001 par value per share, 4,000,000 and 150,000 shares authorized, respectively Series A junior participating preferred stock, $.0001 par value, 200,000 and 150,000 shares authorized, 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$388.26M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$312.97M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-23.88M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-32.58M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$471.72K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.06M	USD	Point-in-time
Total Stockholders' Equity - Agree Realty Corporation	`StockholdersEquity`	$289.57M	USD	Point-in-time
Total Stockholders' Equity - Agree Realty Corporation	`StockholdersEquity`	$353.62M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.65M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.42M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.97M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$292.22M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$162.22M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$356.04M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$593.58M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$462.74M	USD	Point-in-time

Income Statement 134 line items

Line Item	Tag	Value	Unit	Period
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$40.90M	USD	Annual
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$49.40M	USD	Annual
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$32.57M	USD	Annual
Percentage rents	`PercentageRent`	$24.47K	USD	Annual
Percentage rents	`PercentageRent`	$36.07K	USD	Annual
Percentage rents	`PercentageRent`	$159.66K	USD	Annual
Operating cost reimbursement	`TenantReimbursements`	$3.82M	USD	Annual
Operating cost reimbursement	`TenantReimbursements`	$2.57M	USD	Annual
Operating cost reimbursement	`TenantReimbursements`	$1.97M	USD	Annual
Other income	`OtherIncome`	$170.96K	USD	Annual
Other income	`OtherIncome`	$59.99K	USD	Annual
Other income	`OtherIncome`	$19.00K	USD	Annual
Total Revenues	`Revenues`	$12.90M	USD	1 Quarter
Total Revenues	`Revenues`	$12.57M	USD	1 Quarter
Total Revenues	`Revenues`	$53.56M	USD	Annual
Total Revenues	`Revenues`	$14.32M	USD	1 Quarter
Total Revenues	`Revenues`	$11.27M	USD	1 Quarter
Total Revenues	`Revenues`	$10.60M	USD	1 Quarter
Total Revenues	`Revenues`	$11.72M	USD	1 Quarter
Total Revenues	`Revenues`	$13.76M	USD	1 Quarter
Total Revenues	`Revenues`	$9.93M	USD	1 Quarter
Total Revenues	`Revenues`	$43.52M	USD	Annual
Total Revenues	`Revenues`	$34.62M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$2.04M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$2.77M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$1.79M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.68M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$967.75K	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.19M	USD	Annual
Land lease payments	`LeaseAndRentalExpense`	$574.30K	USD	Annual
Land lease payments	`LeaseAndRentalExpense`	$471.84K	USD	Annual
Land lease payments	`LeaseAndRentalExpense`	$427.90K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.95M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$6.63M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.68M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$11.10M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$8.49M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$6.24M	USD	Annual
Impairment charge	`AssetImpairmentCharges`	-	USD	Annual
Impairment charge	`AssetImpairmentCharges`	-	USD	Annual
Impairment charge	`AssetImpairmentCharges`	$3.02M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$15.25M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$25.67M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$18.10M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$27.89M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$25.42M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$19.37M	USD	Annual
Interest expense, net	`InterestExpense`	$6.47M	USD	Annual
Interest expense, net	`InterestExpense`	$8.59M	USD	Annual
Interest expense, net	`InterestExpense`	$5.13M	USD	Annual
Loss on sale of assets	`GainsLossesOnSalesOfAssets`	$-527.74K	USD	Annual
Loss on sale of assets	`GainsLossesOnSalesOfAssets`	-	USD	Annual
Loss on sale of assets	`GainsLossesOnSalesOfAssets`	-	USD	Annual
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$14.24M	USD	Annual
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$18.78M	USD	Annual
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$18.94M	USD	Annual
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$122.75K	USD	Annual
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$946.35K	USD	Annual
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$2.10M	USD	Annual
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$14.57K	USD	Annual
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$298.34K	USD	Annual
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$2.27M	USD	Annual
Net Income	`ProfitLoss`	$4.65M	USD	1 Quarter
Net Income	`ProfitLoss`	$2.72M	USD	1 Quarter
Net Income	`ProfitLoss`	$20.19M	USD	Annual
Net Income	`ProfitLoss`	$5.62M	USD	1 Quarter
Net Income	`ProfitLoss`	$18.91M	USD	Annual
Net Income	`ProfitLoss`	$4.53M	USD	1 Quarter
Net Income	`ProfitLoss`	$4.97M	USD	1 Quarter
Net Income	`ProfitLoss`	$5.72M	USD	1 Quarter
Net Income	`ProfitLoss`	$5.39M	USD	1 Quarter
Net Income	`ProfitLoss`	$5.51M	USD	1 Quarter
Net Income	`ProfitLoss`	$18.60M	USD	Annual
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$515.04K	USD	Annual
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$554.15K	USD	Annual
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$425.02K	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$18.49M	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$19.67M	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$18.05M	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.23	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.41	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.25	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.38	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.01	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.10	USD	Annual
Earnings Per Share, Basic (in dollars per share)	`EarningsPerShareBasic`	$1.24	USD	Annual
Earnings Per Share, Basic (in dollars per share)	`EarningsPerShareBasic`	$1.51	USD	Annual
Earnings Per Share, Basic (in dollars per share)	`EarningsPerShareBasic`	$1.63	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.24	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.23	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.40	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.01	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.38	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.10	USD	Annual
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.24	USD	Annual
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.33	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`	$1.50	USD	Annual
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.36	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`	$0.41	USD	1 Quarter
Net income	`ProfitLoss`	$4.65M	USD	1 Quarter
Net income	`ProfitLoss`	$2.72M	USD	1 Quarter
Net income	`ProfitLoss`	$20.19M	USD	Annual
Net income	`ProfitLoss`	$5.62M	USD	1 Quarter
Net income	`ProfitLoss`	$18.91M	USD	Annual
Net income	`ProfitLoss`	$4.53M	USD	1 Quarter
Net income	`ProfitLoss`	$4.97M	USD	1 Quarter
Net income	`ProfitLoss`	$5.72M	USD	1 Quarter
Net income	`ProfitLoss`	$5.39M	USD	1 Quarter
Net income	`ProfitLoss`	$5.51M	USD	1 Quarter
Net income	`ProfitLoss`	$18.60M	USD	Annual
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-708.54K	USD	Annual
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.58M	USD	Annual
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.81M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$16.33M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$17.90M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$22.00M	USD	Annual
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$373.22K	USD	Annual
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$533.31K	USD	Annual
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$561.59K	USD	Annual
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$21.44M	USD	Annual
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$15.96M	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`	13.07M	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`	14.88M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.14M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.16M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.97M	shares	Annual

Cash Flow Statement 124 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$4.65M	USD	1 Quarter
Net income	`ProfitLoss`	$2.72M	USD	1 Quarter
Net income	`ProfitLoss`	$20.19M	USD	Annual
Net income	`ProfitLoss`	$5.62M	USD	1 Quarter
Net income	`ProfitLoss`	$18.91M	USD	Annual
Net income	`ProfitLoss`	$4.53M	USD	1 Quarter
Net income	`ProfitLoss`	$4.97M	USD	1 Quarter
Net income	`ProfitLoss`	$5.72M	USD	1 Quarter
Net income	`ProfitLoss`	$5.39M	USD	1 Quarter
Net income	`ProfitLoss`	$5.51M	USD	1 Quarter
Net income	`ProfitLoss`	$18.60M	USD	Annual
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$263.47K	USD	Point-in-time
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$566.79K	USD	Point-in-time
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$149.05K	USD	Point-in-time
Depreciation	`Depreciation`	$8.49M	USD	Annual
Depreciation	`Depreciation`	$7.00M	USD	Annual
Depreciation	`Depreciation`	$5.79M	USD	Annual
Amortization	`AdjustmentForAmortization`	$2.48M	USD	Annual
Amortization	`AdjustmentForAmortization`	$1.71M	USD	Annual
Amortization	`AdjustmentForAmortization`	$3.57M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.99M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.66M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.81M	USD	Annual
Impairment charge	`ImpairmentOfRealEstate`	$3.02M	USD	Annual
Impairment charge	`ImpairmentOfRealEstate`	$450.00K	USD	Annual
Impairment charge	`ImpairmentOfRealEstate`	-	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$2.10M	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$946.35K	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$-405.00K	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.36M	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.24M	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.10M	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-346.13K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$780.07K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$864.29K	USD	Annual
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.36M	USD	Annual
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-167.26K	USD	Annual
(Decrease) increase in accounts payable	`IncreaseDecreaseInAccountsPayable`	$838.51K	USD	Annual
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-463.38K	USD	Annual
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-463.38K	USD	Annual
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-463.38K	USD	Annual
(Decrease) increase in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-398.78K	USD	Annual
(Decrease) increase in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$250.60K	USD	Annual
(Decrease) increase in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$135.45K	USD	Annual
Decrease in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$-4.49K	USD	Annual
Decrease in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$-19.81K	USD	Annual
Decrease in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$-23.81K	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$29.59M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$35.10M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$21.21M	USD	Annual
Acquisition of real estate investments	`PaymentsToAcquireRealEstate`	$143.27M	USD	Annual
Acquisition of real estate investments	`PaymentsToAcquireRealEstate`	$75.92M	USD	Annual
Acquisition of real estate investments	`PaymentsToAcquireRealEstate`	$64.17M	USD	Annual
Development of real estate investments and other (including capitalized interest of $263,472 in 2014, $566,793 in 2013, and $149,054 in 2012)	`PaymentsToDevelopRealEstateAssets`	$14.62M	USD	Annual
Development of real estate investments and other (including capitalized interest of $263,472 in 2014, $566,793 in 2013, and $149,054 in 2012)	`PaymentsToDevelopRealEstateAssets`	$16.53M	USD	Annual
Development of real estate investments and other (including capitalized interest of $263,472 in 2014, $566,793 in 2013, and $149,054 in 2012)	`PaymentsToDevelopRealEstateAssets`	$20.35M	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$55.96K	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$183.31K	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$354.34K	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$12.46M	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$15.32M	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$5.46M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-147.70M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-69.26M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-85.26M	USD	Annual
Proceeds from common stock offering, net	`ProceedsFromIssuanceOfCommonStock`	$93.39M	USD	Annual
Proceeds from common stock offering, net	`ProceedsFromIssuanceOfCommonStock`	$35.04M	USD	Annual
Proceeds from common stock offering, net	`ProceedsFromIssuanceOfCommonStock`	$73.30M	USD	Annual
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$148.62M	USD	Annual
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$101.22M	USD	Annual
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$106.19M	USD	Annual
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$140.22M	USD	Annual
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$114.13M	USD	Annual
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$143.12M	USD	Annual
Mortgage notes payable proceeds	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	Annual
Mortgage notes payable proceeds	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	Annual
Mortgage notes payable proceeds	`ProceedsFromIssuanceOfSecuredDebt`	$48.64M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$3.48M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$12.77M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$3.16M	USD	Annual
Term loan payable proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	$65.00M	USD	Annual
Term loan payable proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	$35.00M	USD	Annual
Term loan payable proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	Annual
Dividends paid	`PaymentsOfDividends`	$25.40M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$17.66M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$20.86M	USD	Annual
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$590.95K	USD	Annual
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$556.19K	USD	Annual
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$566.62K	USD	Annual
Repayments of payables for capital expenditures	`RepaymentsOfOtherDebt`	$424.32K	USD	Annual
Repayments of payables for capital expenditures	`RepaymentsOfOtherDebt`	$122.08K	USD	Annual
Repayments of payables for capital expenditures	`RepaymentsOfOtherDebt`	$144.07K	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$1.43M	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$398.88K	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$1.64M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$103.47M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$68.94M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$47.32M	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.27M	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-732.64K	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.14M	USD	Annual
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.54M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.00M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.54M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$7.82M	USD	Annual
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$4.72M	USD	Annual
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$6.15M	USD	Annual
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$-21.54K	USD	Annual
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$-355.00	USD	Annual
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$318.29K	USD	Annual
Shares issued under equity incentive plans	`StockIssued1`	$2.39M	USD	Annual
Shares issued under equity incentive plans	`StockIssued1`	$2.18M	USD	Annual
Shares issued under equity incentive plans	`StockIssued1`	$2.40M	USD	Annual
Dividends and limited partners' distributions declared and unpaid	`DividendsDeclaredAndUnpaid`	$8.05M	USD	Annual
Dividends and limited partners' distributions declared and unpaid	`DividendsDeclaredAndUnpaid`	$6.24M	USD	Annual
Dividends and limited partners' distributions declared and unpaid	`DividendsDeclaredAndUnpaid`	$4.71M	USD	Annual
Real estate acquisitions financed with debt assumption	`RealEstateAcquisitionsFinancedWithDebtAssumption`	$5.63M	USD	Annual
Real estate acquisitions financed with debt assumption	`RealEstateAcquisitionsFinancedWithDebtAssumption`	-	USD	Annual
Real estate acquisitions financed with debt assumption	`RealEstateAcquisitionsFinancedWithDebtAssumption`	$18.22M	USD	Annual

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.97M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$292.22M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$162.22M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$356.04M	USD	Point-in-time
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$73.30M	USD	Annual
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$35.04M	USD	Annual
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$93.39M	USD	Annual
Issuance of restricted stock under the Equity Incentive Plan	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$8.00	USD	Annual
Issuance of restricted stock under the Equity Incentive Plan	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$9.00	USD	Annual
Issuance of restricted stock under the Equity Incentive Plan	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$9.00	USD	Annual
Issuance of restricted stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueShareBasedCompensationGross1`	-	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$1.00	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$2.00	USD	Annual
Vesting of restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.81M	USD	Annual
Vesting of restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.66M	USD	Annual
Vesting of restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.99M	USD	Annual
Dividends and distributions declared for the period	`Dividends`	$27.80M	USD	Annual
Dividends and distributions declared for the period	`Dividends`	$22.96M	USD	Annual
Dividends and distributions declared for the period	`Dividends`	$18.85M	USD	Annual
Other comprehensive income (loss) - change in fair value of interest rate swap	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-2.58M	USD	Annual
Other comprehensive income (loss) - change in fair value of interest rate swap	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-708.54K	USD	Annual
Other comprehensive income (loss) - change in fair value of interest rate swap	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.81M	USD	Annual
Net income	`ProfitLoss`	$4.65M	USD	1 Quarter
Net income	`ProfitLoss`	$2.72M	USD	1 Quarter
Net income	`ProfitLoss`	$20.19M	USD	Annual
Net income	`ProfitLoss`	$5.62M	USD	1 Quarter
Net income	`ProfitLoss`	$18.91M	USD	Annual
Net income	`ProfitLoss`	$4.53M	USD	1 Quarter
Net income	`ProfitLoss`	$4.97M	USD	1 Quarter
Net income	`ProfitLoss`	$5.72M	USD	1 Quarter
Net income	`ProfitLoss`	$5.39M	USD	1 Quarter
Net income	`ProfitLoss`	$5.51M	USD	1 Quarter
Net income	`ProfitLoss`	$18.60M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.97M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$292.22M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$162.22M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$356.04M	USD	Point-in-time

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