10-K Filing

AGREE REALTY CORP CIK: 917251 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001144204-16-087541`
Period End Date	20151231
Filing Date	20160311
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	adc-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 137 Cash Flow Statement 133 Stockholders Equity 38

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$225.27M	USD	Point-in-time
Land	`Land`	$195.09M	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$526.91M	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
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$35.00K	USD	Point-in-time
Deferred financing costs, accumulated amortization (in dollars)	`AccumulatedAmortizationDeferredFinanceCosts`	$3.41M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$56.40M	USD	Point-in-time
Deferred financing costs, accumulated amortization (in dollars)	`AccumulatedAmortizationDeferredFinanceCosts`	$2.69M	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`	$695.78M	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`	$553.50K	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`	$3.66M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$10.58M	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$530.06M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$699.45M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	28.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	28.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.54M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.27M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.71M	USD	Point-in-time
Accounts Receivable - Tenants, net of allowance of $35,000 for possible losses at December 31, 2015 and December 31, 2014	`AccountsReceivableNet`	$7.42M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	20.64M	shares	Point-in-time
Accounts Receivable - Tenants, net of allowance of $35,000 for possible losses at December 31, 2015 and December 31, 2014	`AccountsReceivableNet`	$4.51M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	17.54M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	20.64M	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 $3,409,110 and $2,690,005 at December 31, 2015 and December 31, 2014, respectively	`DeferredFinanceCostsNet`	$3.01M	USD	Point-in-time
Financing costs, net of accumulated amortization of $3,409,110 and $2,690,005 at December 31, 2015 and December 31, 2014, respectively	`DeferredFinanceCostsNet`	$3.19M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Leasing costs, net of accumulated amortization of $553,502 and $543,957 at December 31, 2015 and December 31, 2014, respectively	`DeferredCostsLeasingNet`	$783.34K	USD	Point-in-time
Leasing costs, net of accumulated amortization of $553,502 and $543,957 at December 31, 2015 and December 31, 2014, respectively	`DeferredCostsLeasingNet`	$664.57K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Lease intangibles, net of accumulated amortization of $10,577,794 and $5,719,085 at December 31, 2015 and December 31, 2014, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$76.55M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $10,577,794 and $5,719,085 at December 31, 2015 and December 31, 2014, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$47.48M	USD	Point-in-time
Other Assets	`OtherAssets`	$2.57M	USD	Point-in-time
Other Assets	`OtherAssets`	$2.35M	USD	Point-in-time
Total Assets	`Assets`	$593.58M	USD	Point-in-time
Total Assets	`Assets`	$792.55M	USD	Point-in-time
Mortgage Notes Payable	`SecuredDebt`	$106.76M	USD	Point-in-time
Mortgage Notes Payable	`SecuredDebt`	$101.58M	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`	$18.00M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$15.00M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$8.05M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$9.76M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$540.64K	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.00M	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$962.83K	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$721.46K	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$122.50K	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$200.30K	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$2.68M	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$3.93M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeLiabilitiesAtFairValue`	$2.38M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeLiabilitiesAtFairValue`	$3.30M	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`	$28.61K	USD	Point-in-time
Total Liabilities	`Liabilities`	$237.55M	USD	Point-in-time
Total Liabilities	`Liabilities`	$338.93M	USD	Point-in-time
Common stock, $.0001 par value, 28,000,000 shares authorized, 20,637,301 and 17,539,946 shares issued and outstanding, respectively	`CommonStockValue`	$2.06K	USD	Point-in-time
Common stock, $.0001 par value, 28,000,000 shares authorized, 20,637,301 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`	$482.51M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$32.58M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$28.26M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.13M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.06M	USD	Point-in-time
Total Stockholders' Equity - Agree Realty Corporation	`StockholdersEquity`	$451.12M	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`	$2.50M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$453.62M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$292.22M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$356.04M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.97M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$593.58M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$792.55M	USD	Point-in-time

Income Statement 137 line items

Line Item	Tag	Value	Unit	Period
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$40.90M	USD	Annual
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$64.28M	USD	Annual
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$49.40M	USD	Annual
Percentage rents	`PercentageRent`	$180.07K	USD	Annual
Percentage rents	`PercentageRent`	$159.66K	USD	Annual
Percentage rents	`PercentageRent`	$36.07K	USD	Annual
Operating cost reimbursement	`TenantReimbursements`	$5.28M	USD	Annual
Operating cost reimbursement	`TenantReimbursements`	$3.82M	USD	Annual
Operating cost reimbursement	`TenantReimbursements`	$2.57M	USD	Annual
Other income	`OtherIncome`	$19.00K	USD	Annual
Other income	`OtherIncome`	$230.47K	USD	Annual
Other income	`OtherIncome`	$170.96K	USD	Annual
Total Revenues	`Revenues`	$53.56M	USD	Annual
Total Revenues	`Revenues`	$14.32M	USD	1 Quarter
Total Revenues	`Revenues`	$17.85M	USD	1 Quarter
Total Revenues	`Revenues`	$17.22M	USD	1 Quarter
Total Revenues	`Revenues`	$12.57M	USD	1 Quarter
Total Revenues	`Revenues`	$13.76M	USD	1 Quarter
Total Revenues	`Revenues`	$19.15M	USD	1 Quarter
Total Revenues	`Revenues`	$12.90M	USD	1 Quarter
Total Revenues	`Revenues`	$43.52M	USD	Annual
Total Revenues	`Revenues`	$15.74M	USD	1 Quarter
Total Revenues	`Revenues`	$69.97M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$4.00M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$2.77M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$2.04M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.19M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.68M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.77M	USD	Annual
Land lease payments	`LeaseAndRentalExpense`	$427.90K	USD	Annual
Land lease payments	`LeaseAndRentalExpense`	$606.13K	USD	Annual
Land lease payments	`LeaseAndRentalExpense`	$471.84K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$5.95M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$6.99M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$6.63M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$8.49M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$16.49M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$11.10M	USD	Annual
Impairment charge	`AssetImpairmentCharges`	-	USD	Annual
Impairment charge	`AssetImpairmentCharges`	-	USD	Annual
Impairment charge	`AssetImpairmentCharges`	$3.02M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$29.85M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$18.10M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$25.67M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$25.42M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$27.89M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$40.11M	USD	Annual
Interest expense, net	`InterestExpense`	$6.47M	USD	Annual
Interest expense, net	`InterestExpense`	$8.59M	USD	Annual
Interest expense, net	`InterestExpense`	$12.31M	USD	Annual
Gain (loss) on sale of assets	`GainsLossesOnSalesOfAssets`	$-527.74K	USD	Annual
Gain (loss) on sale of assets	`GainsLossesOnSalesOfAssets`	-	USD	Annual
Gain (loss) on sale of assets	`GainsLossesOnSalesOfAssets`	$12.14M	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-179.87K	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$18.78M	USD	Annual
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$39.76M	USD	Annual
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$18.94M	USD	Annual
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	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
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$14.57K	USD	Annual
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	-	USD	Annual
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$298.34K	USD	Annual
Net Income	`ProfitLoss`	$18.91M	USD	Annual
Net Income	`ProfitLoss`	$4.97M	USD	1 Quarter
Net Income	`ProfitLoss`	$14.88M	USD	1 Quarter
Net Income	`ProfitLoss`	$5.72M	USD	1 Quarter
Net Income	`ProfitLoss`	$2.72M	USD	1 Quarter
Net Income	`ProfitLoss`	$7.93M	USD	1 Quarter
Net Income	`ProfitLoss`	$6.49M	USD	1 Quarter
Net Income	`ProfitLoss`	$10.46M	USD	1 Quarter
Net Income	`ProfitLoss`	$20.19M	USD	Annual
Net Income	`ProfitLoss`	$5.51M	USD	1 Quarter
Net Income	`ProfitLoss`	$39.76M	USD	Annual
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$425.02K	USD	Annual
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$515.04K	USD	Annual
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$744.60K	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$18.49M	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$39.02M	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$19.67M	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.17	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.23	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.41	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.10	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.01	USD	Annual
Earnings Per Share, Basic (in dollars per share)	`EarningsPerShareBasic`	$1.24	USD	Annual
Earnings Per Share, Basic (in dollars per share)	`EarningsPerShareBasic`	$2.17	USD	Annual
Earnings Per Share, Basic (in dollars per share)	`EarningsPerShareBasic`	$1.51	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.23	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.16	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`	-	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.10	USD	Annual
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.36	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.37	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`	$0.41	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`	$1.24	USD	Annual
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.16	USD	Annual
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.58	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`	$0.81	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Net income	`ProfitLoss`	$18.91M	USD	Annual
Net income	`ProfitLoss`	$4.97M	USD	1 Quarter
Net income	`ProfitLoss`	$14.88M	USD	1 Quarter
Net income	`ProfitLoss`	$5.72M	USD	1 Quarter
Net income	`ProfitLoss`	$2.72M	USD	1 Quarter
Net income	`ProfitLoss`	$7.93M	USD	1 Quarter
Net income	`ProfitLoss`	$6.49M	USD	1 Quarter
Net income	`ProfitLoss`	$10.46M	USD	1 Quarter
Net income	`ProfitLoss`	$20.19M	USD	Annual
Net income	`ProfitLoss`	$5.51M	USD	1 Quarter
Net income	`ProfitLoss`	$39.76M	USD	Annual
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.09M	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`	$22.00M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$38.67M	USD	Annual
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$724.13K	USD	Annual
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$561.59K	USD	Annual
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$373.22K	USD	Annual
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$37.95M	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
Weighted Average Number of Common Shares Outstanding - Basic: (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.00M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Basic: (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.88M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Basic: (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.07M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted: (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.97M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted: (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	18.07M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted: (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.16M	shares	Annual

Cash Flow Statement 133 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$18.91M	USD	Annual
Net income	`ProfitLoss`	$4.97M	USD	1 Quarter
Net income	`ProfitLoss`	$14.88M	USD	1 Quarter
Net income	`ProfitLoss`	$5.72M	USD	1 Quarter
Net income	`ProfitLoss`	$2.72M	USD	1 Quarter
Net income	`ProfitLoss`	$7.93M	USD	1 Quarter
Net income	`ProfitLoss`	$6.49M	USD	1 Quarter
Net income	`ProfitLoss`	$10.46M	USD	1 Quarter
Net income	`ProfitLoss`	$20.19M	USD	Annual
Net income	`ProfitLoss`	$5.51M	USD	1 Quarter
Net income	`ProfitLoss`	$39.76M	USD	Annual
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$39.33K	USD	Point-in-time
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
Depreciation	`Depreciation`	$8.49M	USD	Annual
Depreciation	`Depreciation`	$7.00M	USD	Annual
Depreciation	`Depreciation`	$11.53M	USD	Annual
Amortization	`AdjustmentForAmortization`	$1.75M	USD	Annual
Amortization	`AdjustmentForAmortization`	$4.96M	USD	Annual
Amortization	`AdjustmentForAmortization`	$2.62M	USD	Annual
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$736.42K	USD	Annual
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$689.32K	USD	Annual
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$950.88K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.99M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.99M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.81M	USD	Annual
Impairment charge	`ImpairmentOfRealEstate`	$450.00K	USD	Annual
Impairment charge	`ImpairmentOfRealEstate`	-	USD	Annual
Impairment charge	`ImpairmentOfRealEstate`	$3.02M	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-179.87K	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$-405.00K	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$946.35K	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$12.14M	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.10M	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.24M	USD	Annual
Increase in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.91M	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$197.38K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$780.07K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-346.13K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$716.43K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-311.34K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.04M	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
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$241.37K	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$250.60K	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$135.45K	USD	Annual
Decrease in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$-7.55K	USD	Annual
Decrease in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$-4.49K	USD	Annual
Decrease in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$-23.81K	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$29.47M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$44.68M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$34.95M	USD	Annual
Acquisition of real estate investments	`PaymentsToAcquireRealEstate`	$75.92M	USD	Annual
Acquisition of real estate investments	`PaymentsToAcquireRealEstate`	$223.87M	USD	Annual
Acquisition of real estate investments	`PaymentsToAcquireRealEstate`	$143.27M	USD	Annual
Development of real estate investments and other (including capitalized interest of $39,325 in 2015, $263,472 in 2014, and $566,793 in 2013)	`PaymentsToDevelopRealEstateAssets`	$14.62M	USD	Annual
Development of real estate investments and other (including capitalized interest of $39,325 in 2015, $263,472 in 2014, and $566,793 in 2013)	`PaymentsToDevelopRealEstateAssets`	$16.53M	USD	Annual
Development of real estate investments and other (including capitalized interest of $39,325 in 2015, $263,472 in 2014, and $566,793 in 2013)	`PaymentsToDevelopRealEstateAssets`	$6.97M	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$183.31K	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$66.41K	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`	$5.46M	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$28.13M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-85.26M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-202.78M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-147.70M	USD	Annual
Proceeds from common stock offering, net	`ProceedsFromIssuanceOfCommonStock`	$73.30M	USD	Annual
Proceeds from common stock offering, net	`ProceedsFromIssuanceOfCommonStock`	$93.39M	USD	Annual
Proceeds from common stock offering, net	`ProceedsFromIssuanceOfCommonStock`	$92.26M	USD	Annual
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$161.00M	USD	Annual
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$148.62M	USD	Annual
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$106.19M	USD	Annual
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$143.12M	USD	Annual
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$158.00M	USD	Annual
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$140.22M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$3.48M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$5.18M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$12.77M	USD	Annual
Term loan payable proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	$35.00M	USD	Annual
Term loan payable proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	$65.00M	USD	Annual
Term loan payable proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	Annual
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	$100.00M	USD	Annual
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	-	USD	Annual
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	-	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$32.99M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$20.86M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$25.40M	USD	Annual
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$590.95K	USD	Annual
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$566.62K	USD	Annual
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$636.14K	USD	Annual
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	-	USD	Annual
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	$150.09K	USD	Annual
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	-	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$398.88K	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$896.39K	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$1.43M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$69.06M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$103.61M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$155.41M	USD	Annual
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.14M	USD	Annual
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.69M	USD	Annual
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.27M	USD	Annual
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	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`	$1.27M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.71M	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`	$14.54M	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`	$2.71M	USD	Point-in-time
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$6.15M	USD	Annual
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$11.55M	USD	Annual
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$7.82M	USD	Annual
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$924.00	USD	Annual
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$-21.54K	USD	Annual
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$-355.00	USD	Annual
Shares issued under equity incentive plans	`StockIssued1`	$2.86M	USD	Annual
Shares issued under equity incentive plans	`StockIssued1`	$2.40M	USD	Annual
Shares issued under equity incentive plans	`StockIssued1`	$2.39M	USD	Annual
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$9.76M	USD	Annual
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$6.24M	USD	Annual
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$8.05M	USD	Annual
Real estate acquisitions financed with debt assumption	`RealEstateAcquisitionsFinancedWithDebtAssumption`	-	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 investment financed with accounts payable	`RealEstateInvestmentFinancedWithAccountsPayable`	-	USD	Annual
Real estate investment financed with accounts payable	`RealEstateInvestmentFinancedWithAccountsPayable`	$122.50K	USD	Annual
Real estate investment financed with accounts payable	`RealEstateInvestmentFinancedWithAccountsPayable`	-	USD	Annual

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$453.62M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$292.22M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$356.04M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.97M	USD	Point-in-time
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$93.39M	USD	Annual
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$73.30M	USD	Annual
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$92.26M	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`	$8.00	USD	Annual
Issuance of restricted stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$9.00	USD	Annual
Issuance of restricted stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$3.00	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$2.00	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$1.00	USD	Annual
Vesting of restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.99M	USD	Annual
Vesting of restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.99M	USD	Annual
Vesting of restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.81M	USD	Annual
Dividends and distributions declared for the period	`Dividends`	$35.34M	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
Other comprehensive income (loss) - change in fair value of interest rate swaps	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-2.58M	USD	Annual
Other comprehensive income (loss) - change in fair value of interest rate swaps	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-1.09M	USD	Annual
Other comprehensive income (loss) - change in fair value of interest rate swaps	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.81M	USD	Annual
Net income	`ProfitLoss`	$18.91M	USD	Annual
Net income	`ProfitLoss`	$4.97M	USD	1 Quarter
Net income	`ProfitLoss`	$14.88M	USD	1 Quarter
Net income	`ProfitLoss`	$5.72M	USD	1 Quarter
Net income	`ProfitLoss`	$2.72M	USD	1 Quarter
Net income	`ProfitLoss`	$7.93M	USD	1 Quarter
Net income	`ProfitLoss`	$6.49M	USD	1 Quarter
Net income	`ProfitLoss`	$10.46M	USD	1 Quarter
Net income	`ProfitLoss`	$20.19M	USD	Annual
Net income	`ProfitLoss`	$5.51M	USD	1 Quarter
Net income	`ProfitLoss`	$39.76M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$453.62M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$292.22M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$356.04M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$197.97M	USD	Point-in-time

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