10-Q Filing

AGREE REALTY CORP CIK: 917251 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-045492`
Period End Date	20150630
Filing Date	20150731
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	adc-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 139 Cash Flow Statement 87 Stockholders Equity 14

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$209.27M	USD	Point-in-time
Land	`Land`	$195.09M	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$35.00K	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$478.81M	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$35.00K	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$393.83M	USD	Point-in-time
Deferred financing costs, accumulated amortization (in dollars)	`AccumulatedAmortizationDeferredFinanceCosts`	$3.06M	USD	Point-in-time
Deferred financing costs, accumulated amortization (in dollars)	`AccumulatedAmortizationDeferredFinanceCosts`	$2.69M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$60.46M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$59.09M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$529.83M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$627.62M	USD	Point-in-time
Deferred leasing costs, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$543.96K	USD	Point-in-time
Deferred leasing costs, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$580.91K	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$229.24K	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$5.72M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$467.30K	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$7.82M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$530.06M	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$628.09M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.87M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.54M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	28.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	28.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.62M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	18.05M	shares	Point-in-time
Accounts Receivable - Tenants, net of allowance of $35,000 for possible losses at June 30, 2015 and December 31, 2014	`AccountsReceivableNet`	$4.51M	USD	Point-in-time
Accounts Receivable - Tenants, net of allowance of $35,000 for possible losses at June 30, 2015 and December 31, 2014	`AccountsReceivableNet`	$5.69M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	17.54M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	18.05M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	17.54M	shares	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 $3,062,644 and $2,690,005 at June 30, 2015 and December 31, 2014, respectively	`DeferredFinanceCostsNet`	$3.48M	USD	Point-in-time
Financing costs, net of accumulated amortization of $3,062,644 and $2,690,005 at June 30, 2015 and December 31, 2014, respectively	`DeferredFinanceCostsNet`	$3.01M	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 $580,907 and $543,957 at June 30, 2015 and December 31, 2014, respectively	`DeferredCostsLeasingNet`	$788.05K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Leasing costs, net of accumulated amortization of $580,907 and $543,957 at June 30, 2015 and December 31, 2014, respectively	`DeferredCostsLeasingNet`	$783.34K	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $7,821,364 and $5,719,085 at June 30, 2015 and December 31, 2014, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$61.52M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $7,821,364 and $5,719,085 at June 30, 2015 and December 31, 2014, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$47.48M	USD	Point-in-time
Other Assets	`OtherAssets`	$2.63M	USD	Point-in-time
Other Assets	`OtherAssets`	$2.35M	USD	Point-in-time
Total Assets	`Assets`	$705.07M	USD	Point-in-time
Total Assets	`Assets`	$593.58M	USD	Point-in-time
Mortgage Notes Payable	`SecuredDebt`	$103.00M	USD	Point-in-time
Mortgage Notes Payable	`SecuredDebt`	$106.76M	USD	Point-in-time
Unsecured Term Loans	`UnsecuredDebt`	$100.00M	USD	Point-in-time
Unsecured Term Loans	`UnsecuredDebt`	$100.00M	USD	Point-in-time
Senior Unsecured Notes	`SeniorNotes`	-	USD	Point-in-time
Senior Unsecured Notes	`SeniorNotes`	$100.00M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$15.00M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$15.00M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$8.55M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$8.05M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$772.33K	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.00M	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$889.06K	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$721.46K	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$27.84K	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$200.30K	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$2.68M	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$2.86M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeLiabilitiesAtFairValue`	$2.59M	USD	Point-in-time
Interest Rate Swaps	`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`	$41.45K	USD	Point-in-time
Tenant Deposits	`SecurityDepositLiability`	$36.16K	USD	Point-in-time
Total Liabilities	`Liabilities`	$334.44M	USD	Point-in-time
Total Liabilities	`Liabilities`	$237.55M	USD	Point-in-time
Common stock, $.0001 par value, 28,000,000 shares authorized, 18,053,529 and 17,539,946 shares issued and outstanding, respectively	`CommonStockValue`	$1.80K	USD	Point-in-time
Common stock, $.0001 par value, 28,000,000 shares authorized, 18,053,529 and 17,539,946 shares issued and outstanding, respectively	`CommonStockValue`	$1.75K	USD	Point-in-time
Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized Series A junior participating preferred stock, $.0001 par value, 200,000 authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized Series A junior participating preferred stock, $.0001 par value, 200,000 authorized, no 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`	$402.92M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-32.58M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-32.26M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.44M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.06M	USD	Point-in-time
Total Stockholders' Equity - Agree Realty Corporation	`StockholdersEquity`	$368.21M	USD	Point-in-time
Total Stockholders' Equity - Agree Realty Corporation	`StockholdersEquity`	$353.62M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.42M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.42M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.63M	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`	$705.07M	USD	Point-in-time

Income Statement 139 line items

Line Item	Tag	Value	Unit	Period
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$30.53M	USD	2 Qtrs
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$11.79M	USD	1 Quarter
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$15.97M	USD	1 Quarter
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$23.31M	USD	2 Qtrs
Percentage rents	`PercentageRent`	$142.18K	USD	1 Quarter
Percentage rents	`PercentageRent`	$142.18K	USD	2 Qtrs
Percentage rents	`PercentageRent`	$141.02K	USD	1 Quarter
Percentage rents	`PercentageRent`	$150.83K	USD	2 Qtrs
Operating cost reimbursement	`TenantReimbursements`	$1.10M	USD	1 Quarter
Operating cost reimbursement	`TenantReimbursements`	$2.28M	USD	2 Qtrs
Operating cost reimbursement	`TenantReimbursements`	$946.61K	USD	1 Quarter
Operating cost reimbursement	`TenantReimbursements`	$1.97M	USD	2 Qtrs
Other income	`OtherIncome`	$24.33K	USD	1 Quarter
Other income	`OtherIncome`	$9.54K	USD	2 Qtrs
Other income	`OtherIncome`	$53.38K	USD	2 Qtrs
Other income	`OtherIncome`	$8.33K	USD	1 Quarter
Total Revenues	`Revenues`	$25.48M	USD	2 Qtrs
Total Revenues	`Revenues`	$12.90M	USD	1 Quarter
Total Revenues	`Revenues`	$32.96M	USD	2 Qtrs
Total Revenues	`Revenues`	$17.22M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$1.44M	USD	2 Qtrs
Real estate taxes	`RealEstateTaxExpense`	$1.63M	USD	2 Qtrs
Real estate taxes	`RealEstateTaxExpense`	$863.36K	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$739.74K	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$987.10K	USD	2 Qtrs
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$458.29K	USD	1 Quarter
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$956.82K	USD	2 Qtrs
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$415.71K	USD	1 Quarter
Land lease payments	`LeaseAndRentalExpense`	$269.14K	USD	2 Qtrs
Land lease payments	`LeaseAndRentalExpense`	$137.28K	USD	1 Quarter
Land lease payments	`LeaseAndRentalExpense`	$214.55K	USD	2 Qtrs
Land lease payments	`LeaseAndRentalExpense`	$107.28K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.74M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.62M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.21M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.41M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$7.67M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.12M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$5.10M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.59M	USD	1 Quarter
Impairment charge	`AssetImpairmentCharges`	$2.80M	USD	1 Quarter
Impairment charge	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment charge	`AssetImpairmentCharges`	$2.80M	USD	2 Qtrs
Impairment charge	`AssetImpairmentCharges`	-	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$13.96M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$13.72M	USD	2 Qtrs
Total Operating Expenses	`CostsAndExpenses`	$7.28M	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$8.31M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$9.94M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$11.76M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$4.59M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$19.00M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$3.67M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$5.39M	USD	2 Qtrs
Interest expense, net	`InterestExpense`	$1.87M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$2.93M	USD	1 Quarter
Gain on sale of assets	`GainsLossesOnSalesOfAssets`	$3.54M	USD	2 Qtrs
Gain on sale of assets	`GainsLossesOnSalesOfAssets`	-	USD	1 Quarter
Gain on sale of assets	`GainsLossesOnSalesOfAssets`	$3.46M	USD	1 Quarter
Gain on sale of assets	`GainsLossesOnSalesOfAssets`	-	USD	2 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-179.87K	USD	2 Qtrs
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.72M	USD	1 Quarter
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$10.46M	USD	1 Quarter
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$16.96M	USD	2 Qtrs
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$8.09M	USD	2 Qtrs
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$122.75K	USD	2 Qtrs
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	1 Quarter
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	2 Qtrs
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	1 Quarter
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	-	USD	1 Quarter
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$14.57K	USD	2 Qtrs
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	-	USD	1 Quarter
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	-	USD	2 Qtrs
Net Income	`ProfitLoss`	$2.72M	USD	1 Quarter
Net Income	`ProfitLoss`	$8.23M	USD	2 Qtrs
Net Income	`ProfitLoss`	$10.46M	USD	1 Quarter
Net Income	`ProfitLoss`	$16.96M	USD	2 Qtrs
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$61.64K	USD	1 Quarter
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$327.05K	USD	2 Qtrs
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$186.81K	USD	2 Qtrs
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$201.24K	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$8.04M	USD	2 Qtrs
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$16.63M	USD	2 Qtrs
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$2.65M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$10.26M	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.54	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.95	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.59	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.18	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.01	USD	2 Qtrs
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	2 Qtrs
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Earnings Per Share, Basic (in dollars per share)	`EarningsPerShareBasic`	$0.95	USD	2 Qtrs
Earnings Per Share, Basic (in dollars per share)	`EarningsPerShareBasic`	$0.55	USD	2 Qtrs
Earnings Per Share, Basic (in dollars per share)	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Earnings Per Share, Basic (in dollars per share)	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.53	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.95	USD	2 Qtrs
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.58	USD	1 Quarter
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.18	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.01	USD	2 Qtrs
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	2 Qtrs
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.54	USD	2 Qtrs
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.95	USD	2 Qtrs
Net income	`ProfitLoss`	$2.72M	USD	1 Quarter
Net income	`ProfitLoss`	$8.23M	USD	2 Qtrs
Net income	`ProfitLoss`	$10.46M	USD	1 Quarter
Net income	`ProfitLoss`	$16.96M	USD	2 Qtrs
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-390.65K	USD	2 Qtrs
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-850.22K	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.62M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.31M	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$1.87M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$12.09M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$16.57M	USD	2 Qtrs
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$6.92M	USD	2 Qtrs
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$319.52K	USD	2 Qtrs
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$157.07K	USD	2 Qtrs
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$232.03K	USD	1 Quarter
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$42.34K	USD	1 Quarter
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$1.82M	USD	1 Quarter
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$16.25M	USD	2 Qtrs
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$11.85M	USD	1 Quarter
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$6.76M	USD	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.71M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.46M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	17.54M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.71M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.77M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.51M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.78M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.59M	shares	1 Quarter

Cash Flow Statement 87 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$2.72M	USD	1 Quarter
Net income	`ProfitLoss`	$8.23M	USD	2 Qtrs
Net income	`ProfitLoss`	$10.46M	USD	1 Quarter
Net income	`ProfitLoss`	$16.96M	USD	2 Qtrs
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$2.51K	USD	Point-in-time
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$113.55K	USD	Point-in-time
Depreciation	`Depreciation`	$5.51M	USD	2 Qtrs
Depreciation	`Depreciation`	$3.99M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$2.50M	USD	2 Qtrs
Amortization	`AdjustmentForAmortization`	$1.48M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.04M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.04M	USD	2 Qtrs
Impairment charge	`ImpairmentOfRealEstate`	$2.80M	USD	2 Qtrs
Impairment charge	`ImpairmentOfRealEstate`	-	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-179.87K	USD	2 Qtrs
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	$150.08K	USD	2 Qtrs
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	-	USD	2 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$122.75K	USD	2 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$3.54M	USD	2 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.19M	USD	2 Qtrs
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$530.92K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-236.27K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$238.23K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$176.37K	USD	2 Qtrs
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-190.81K	USD	2 Qtrs
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-231.69K	USD	2 Qtrs
Decrease in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-231.69K	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$167.60K	USD	2 Qtrs
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-38.18K	USD	2 Qtrs
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$-667.00	USD	2 Qtrs
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$5.29K	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$16.66M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$21.21M	USD	2 Qtrs
Acquisition of real estate investments	`PaymentsToAcquireRealEstate`	$35.11M	USD	2 Qtrs
Acquisition of real estate investments	`PaymentsToAcquireRealEstate`	$124.41M	USD	2 Qtrs
Development of real estate investments and other (including capitalized interest of $2,512 in 2015 and $113,547 in 2014)	`PaymentsToDevelopRealEstateAssets`	$725.01K	USD	2 Qtrs
Development of real estate investments and other (including capitalized interest of $2,512 in 2015 and $113,547 in 2014)	`PaymentsToDevelopRealEstateAssets`	$9.34M	USD	2 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$9.36K	USD	2 Qtrs
Payment of leasing costs	`PaymentsForLeasingCosts`	$65.41K	USD	2 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$4.97M	USD	2 Qtrs
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$8.80M	USD	2 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.48M	USD	2 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-116.40M	USD	2 Qtrs
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$-14.53K	USD	2 Qtrs
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$13.61M	USD	2 Qtrs
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$46.89M	USD	2 Qtrs
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$111.50M	USD	2 Qtrs
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$111.50M	USD	2 Qtrs
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$13.02M	USD	2 Qtrs
Mortgage notes payable proceeds	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	2 Qtrs
Mortgage notes payable proceeds	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	2 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$10.97M	USD	2 Qtrs
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$3.77M	USD	2 Qtrs
Term loan payable proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	2 Qtrs
Term loan payable proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	2 Qtrs
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	$100.00M	USD	2 Qtrs
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	-	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$15.81M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$12.54M	USD	2 Qtrs
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$312.86K	USD	2 Qtrs
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$292.00K	USD	2 Qtrs
Repayments of payables for capital expenditures	`RepaymentsOfOtherDebt`	$144.07K	USD	2 Qtrs
Repayments of payables for capital expenditures	`RepaymentsOfOtherDebt`	$200.30K	USD	2 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	-	USD	2 Qtrs
Payments for financing costs	`PaymentsOfFinancingCosts`	$845.65K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$9.91M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$92.67M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.53M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.91M	USD	2 Qtrs
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87M	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`	$1.62M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.87M	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`	$1.62M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$3.40M	USD	2 Qtrs
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$4.86M	USD	2 Qtrs
Shares issued under equity incentive plans	`StockIssued1`	$2.33M	USD	2 Qtrs
Shares issued under equity incentive plans	`StockIssued1`	$2.46M	USD	2 Qtrs
Real estate acquisitions financed with debt assumption	`RealEstateAcquisitionsFinancedWithDebtAssumption`	-	USD	2 Qtrs
Real estate acquisitions financed with debt assumption	`RealEstateAcquisitionsFinancedWithDebtAssumption`	$8.56M	USD	2 Qtrs
Real estate investment financed with accounts payable	`RealEstateInvestmentFinancedWithAccountsPayable`	$105.28K	USD	2 Qtrs
Real estate investment financed with accounts payable	`RealEstateInvestmentFinancedWithAccountsPayable`	$27.84K	USD	2 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.63M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$356.04M	USD	Point-in-time
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$13.61M	USD	2 Qtrs
Issuance of restricted stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$7.00	USD	2 Qtrs
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$1.00	USD	2 Qtrs
Vesting of restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.04M	USD	2 Qtrs
Dividends and distributions declared for the period	`Dividends`	$16.63M	USD	2 Qtrs
Other comprehensive income (loss) - change in fair value of interest rate swaps	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-390.65K	USD	2 Qtrs
Net income	`ProfitLoss`	$2.72M	USD	1 Quarter
Net income	`ProfitLoss`	$8.23M	USD	2 Qtrs
Net income	`ProfitLoss`	$10.46M	USD	1 Quarter
Net income	`ProfitLoss`	$16.96M	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$370.63M	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.