10-K Filing

AGREE REALTY CORP CIK: 917251 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001144204-17-010652`
Period End Date	20161231
Filing Date	20170223
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	adc-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 137 Cash Flow Statement 136 Stockholders Equity 39

Balance Sheet 96 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$309.69M	USD	Point-in-time
Land	`Land`	$225.27M	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$50.00K	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$703.51M	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$35.00K	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$526.91M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$69.70M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$56.40M	USD	Point-in-time
Accumulated Amortization, Deferred Finance Costs	`AccumulatedAmortizationDeferredFinanceCosts`	$1.26M	USD	Point-in-time
Accumulated Amortization, Deferred Finance Costs	`AccumulatedAmortizationDeferredFinanceCosts`	$1.53M	USD	Point-in-time
Deferred leasing costs, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$554.00K	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$943.50M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$695.78M	USD	Point-in-time
Deferred leasing costs, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$677.00K	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$18.59M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$10.58M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$6.76M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$3.66M	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
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$950.26M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.71M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.40M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.40M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.54M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	26.16M	shares	Point-in-time
Accounts Receivable - Tenants, net of allowance of $50 and $35 for possible losses at December 31, 2016 and December 31, 2015, respectively	`AccountsReceivableNet`	$11.54M	USD	Point-in-time
Accounts Receivable - Tenants, net of allowance of $50 and $35 for possible losses at December 31, 2016 and December 31, 2015, respectively	`AccountsReceivableNet`	$7.42M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	20.64M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	20.64M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	26.16M	shares	Point-in-time
Credit facility finance costs, net of accumulated amortization of $1,262 and $1,532 at December 31, 2016 and December 31, 2015, respectively	`DeferredFinanceCostsNet`	$543.00K	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Credit facility finance costs, net of accumulated amortization of $1,262 and $1,532 at December 31, 2016 and December 31, 2015, respectively	`DeferredFinanceCostsNet`	$1.55M	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 $677 and $554 at December 31, 2016 and December 31, 2015, respectively	`DeferredCostsLeasingNet`	$665.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Leasing costs, net of accumulated amortization of $677 and $554 at December 31, 2016 and December 31, 2015, respectively	`DeferredCostsLeasingNet`	$1.23M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $18,588 and $10,578 at December 31, 2016 and December 31, 2015, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$76.55M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $18,588 and $10,578 at December 31, 2016 and December 31, 2015, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$109.82M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeAssetsAtFairValue`	$1.41M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeAssetsAtFairValue`	$98.00K	USD	Point-in-time
Other Assets	`OtherAssets`	$2.72M	USD	Point-in-time
Other Assets	`OtherAssets`	$2.47M	USD	Point-in-time
Total Assets	`Assets`	$789.91M	USD	Point-in-time
Total Assets	`Assets`	$1.11B	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$100.39M	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$69.07M	USD	Point-in-time
Unsecured Term Loans, net	`UnsecuredDebt`	$158.68M	USD	Point-in-time
Unsecured Term Loans, net	`UnsecuredDebt`	$99.39M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$99.16M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$159.18M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$18.00M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$14.00M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$9.76M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$13.12M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.82M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.71M	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$2.21M	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$963.00K	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$122.00K	USD	Point-in-time
Capital expenditures	`ConstructionPayableCurrentAndNoncurrent`	$677.00K	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$4.87M	USD	Point-in-time
Operating	`AccountsPayableCurrentAndNoncurrent`	$2.76M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeLiabilitiesAtFairValue`	$3.30M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeLiabilitiesAtFairValue`	$1.99M	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`	$29.00K	USD	Point-in-time
Tenant Deposits	`SecurityDepositLiability`	$94.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$336.29M	USD	Point-in-time
Total Liabilities	`Liabilities`	$426.42M	USD	Point-in-time
Common stock, $.0001 par value, 45,000,000 shares authorized, 26,164,977 and 20,637,301 shares issued and outstanding, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Common stock, $.0001 par value, 45,000,000 shares authorized, 26,164,977 and 20,637,301 shares issued and outstanding, respectively	`CommonStockValue`	$2.00K	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`	$712.07M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$482.51M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$28.26M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$28.56M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.13M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-536.00K	USD	Point-in-time
Total Stockholders' Equity - Agree Realty Corporation	`StockholdersEquity`	$682.98M	USD	Point-in-time
Total Stockholders' Equity - Agree Realty Corporation	`StockholdersEquity`	$451.12M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.50M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.53M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$356.04M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$453.62M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$685.51M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$292.21M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$789.91M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.11B	USD	Point-in-time

Income Statement 137 line items

Line Item	Tag	Value	Unit	Period
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$49.40M	USD	Annual
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$64.28M	USD	Annual
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$84.03M	USD	Annual
Percentage rents	`PercentageRent`	$197.00K	USD	Annual
Percentage rents	`PercentageRent`	$180.00K	USD	Annual
Percentage rents	`PercentageRent`	$160.00K	USD	Annual
Operating cost reimbursement	`TenantReimbursements`	$7.27M	USD	Annual
Operating cost reimbursement	`TenantReimbursements`	$5.28M	USD	Annual
Operating cost reimbursement	`TenantReimbursements`	$3.83M	USD	Annual
Other income	`OtherIncome`	$171.00K	USD	Annual
Other income	`OtherIncome`	$32.00K	USD	Annual
Other income	`OtherIncome`	$231.00K	USD	Annual
Total Revenues	`Revenues`	$15.74M	USD	1 Quarter
Total Revenues	`Revenues`	$21.84M	USD	1 Quarter
Total Revenues	`Revenues`	$17.85M	USD	1 Quarter
Total Revenues	`Revenues`	$25.30M	USD	1 Quarter
Total Revenues	`Revenues`	$53.56M	USD	Annual
Total Revenues	`Revenues`	$91.53M	USD	Annual
Total Revenues	`Revenues`	$17.22M	USD	1 Quarter
Total Revenues	`Revenues`	$20.22M	USD	1 Quarter
Total Revenues	`Revenues`	$19.15M	USD	1 Quarter
Total Revenues	`Revenues`	$69.97M	USD	Annual
Total Revenues	`Revenues`	$24.16M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$4.00M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$5.46M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$2.77M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.48M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.77M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$1.68M	USD	Annual
Land lease payments	`LeaseAndRentalExpense`	$606.00K	USD	Annual
Land lease payments	`LeaseAndRentalExpense`	$471.00K	USD	Annual
Land lease payments	`LeaseAndRentalExpense`	$653.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$6.63M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$6.99M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$8.02M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$11.10M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$23.41M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$16.49M	USD	Annual
Impairment charge	`AssetImpairmentCharges`	-	USD	Annual
Impairment charge	`AssetImpairmentCharges`	$3.02M	USD	Annual
Impairment charge	`AssetImpairmentCharges`	-	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$40.02M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$29.85M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$25.67M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$27.89M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$51.51M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$40.11M	USD	Annual
Interest expense, net	`InterestExpense`	$12.30M	USD	Annual
Interest expense, net	`InterestExpense`	$8.59M	USD	Annual
Interest expense, net	`InterestExpense`	$15.34M	USD	Annual
Gain (loss) on sale of assets	`GainsLossesOnSalesOfAssets`	$-528.00K	USD	Annual
Gain (loss) on sale of assets	`GainsLossesOnSalesOfAssets`	$12.13M	USD	Annual
Gain (loss) on sale of assets	`GainsLossesOnSalesOfAssets`	$9.96M	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-333.00K	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-181.00K	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$39.76M	USD	Annual
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$45.80M	USD	Annual
Income From Continuing Operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$18.78M	USD	Annual
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	Annual
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$123.00K	USD	Annual
Gain on sale of assets from discontinued operations	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	Annual
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	-	USD	Annual
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	-	USD	Annual
Income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$14.00K	USD	Annual
Net Income	`ProfitLoss`	$14.48M	USD	1 Quarter
Net Income	`ProfitLoss`	$18.91M	USD	Annual
Net Income	`ProfitLoss`	$14.88M	USD	1 Quarter
Net Income	`ProfitLoss`	$10.83M	USD	1 Quarter
Net Income	`ProfitLoss`	$6.49M	USD	1 Quarter
Net Income	`ProfitLoss`	$7.59M	USD	1 Quarter
Net Income	`ProfitLoss`	$7.93M	USD	1 Quarter
Net Income	`ProfitLoss`	$39.76M	USD	Annual
Net Income	`ProfitLoss`	$12.91M	USD	1 Quarter
Net Income	`ProfitLoss`	$45.80M	USD	Annual
Net Income	`ProfitLoss`	$10.46M	USD	1 Quarter
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$679.00K	USD	Annual
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$425.00K	USD	Annual
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$744.00K	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$18.49M	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$45.12M	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$39.02M	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.97	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$2.17	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.23	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.01	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Earnings Per Share, Basic (in dollars per share)	`EarningsPerShareBasic`	$1.97	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
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.97	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$2.16	USD	Annual
Continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.23	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`	-	USD	Annual
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.16	USD	Annual
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.97	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`	$0.81	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.61	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`	$0.50	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`	$0.58	USD	1 Quarter
Earnings Per Share, Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.24	USD	Annual
Net income	`ProfitLoss`	$14.48M	USD	1 Quarter
Net income	`ProfitLoss`	$18.91M	USD	Annual
Net income	`ProfitLoss`	$14.88M	USD	1 Quarter
Net income	`ProfitLoss`	$10.83M	USD	1 Quarter
Net income	`ProfitLoss`	$6.49M	USD	1 Quarter
Net income	`ProfitLoss`	$7.59M	USD	1 Quarter
Net income	`ProfitLoss`	$7.93M	USD	1 Quarter
Net income	`ProfitLoss`	$39.76M	USD	Annual
Net income	`ProfitLoss`	$12.91M	USD	1 Quarter
Net income	`ProfitLoss`	$45.80M	USD	Annual
Net income	`ProfitLoss`	$10.46M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.09M	USD	Annual
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$2.62M	USD	Annual
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.58M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$16.33M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$48.41M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$38.67M	USD	Annual
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$703.00K	USD	Annual
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$724.00K	USD	Annual
Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$373.00K	USD	Annual
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$15.96M	USD	Annual
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$37.95M	USD	Annual
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$47.71M	USD	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`	22.87M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Basic: (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	18.00M	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`	14.97M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted: (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.96M	shares	Annual

Cash Flow Statement 136 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$14.48M	USD	1 Quarter
Net income	`ProfitLoss`	$18.91M	USD	Annual
Net income	`ProfitLoss`	$14.88M	USD	1 Quarter
Net income	`ProfitLoss`	$10.83M	USD	1 Quarter
Net income	`ProfitLoss`	$6.49M	USD	1 Quarter
Net income	`ProfitLoss`	$7.59M	USD	1 Quarter
Net income	`ProfitLoss`	$7.93M	USD	1 Quarter
Net income	`ProfitLoss`	$39.76M	USD	Annual
Net income	`ProfitLoss`	$12.91M	USD	1 Quarter
Net income	`ProfitLoss`	$45.80M	USD	Annual
Net income	`ProfitLoss`	$10.46M	USD	1 Quarter
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$263.00K	USD	Point-in-time
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$39.00K	USD	Point-in-time
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$210.00K	USD	Point-in-time
Depreciation	`Depreciation`	$11.53M	USD	Annual
Depreciation	`Depreciation`	$8.49M	USD	Annual
Depreciation	`Depreciation`	$15.27M	USD	Annual
Amortization	`AdjustmentForAmortization`	$4.96M	USD	Annual
Amortization	`AdjustmentForAmortization`	$2.62M	USD	Annual
Amortization	`AdjustmentForAmortization`	$8.13M	USD	Annual
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$720.00K	USD	Annual
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$689.00K	USD	Annual
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$951.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.26M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.99M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.99M	USD	Annual
Impairment charge	`ImpairmentOfRealEstate`	-	USD	Annual
Impairment charge	`ImpairmentOfRealEstate`	$3.02M	USD	Annual
Impairment charge	`ImpairmentOfRealEstate`	-	USD	Annual
Write-off of deferred costs	`GainsLossesOnExtinguishmentOfDebt`	$-333.00K	USD	Annual
Write-off of deferred costs	`GainsLossesOnExtinguishmentOfDebt`	$-181.00K	USD	Annual
Write-off of deferred costs	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$9.96M	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$-405.00K	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$12.13M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.91M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.12M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.25M	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$197.00K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$109.00K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-344.00K	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.04M	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.98M	USD	Annual
Increase (decrease) in accounts payable	`IncreaseDecreaseInAccountsPayable`	$-311.00K	USD	Annual
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-463.00K	USD	Annual
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$115.00K	USD	Annual
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-463.00K	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$241.00K	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$251.00K	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.25M	USD	Annual
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$-8.00K	USD	Annual
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$-4.00K	USD	Annual
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$65.00K	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$61.73M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$34.95M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$44.68M	USD	Annual
Acquisition of real estate investments	`PaymentsToAcquireRealEstate`	$143.27M	USD	Annual
Acquisition of real estate investments	`PaymentsToAcquireRealEstate`	$223.87M	USD	Annual
Acquisition of real estate investments	`PaymentsToAcquireRealEstate`	$297.87M	USD	Annual
Development of real estate investments and other (including capitalized interest of $210 in 2016, $39 in 2015, and $263 in 2014	`PaymentsToDevelopRealEstateAssets`	$27.92M	USD	Annual
Development of real estate investments and other (including capitalized interest of $210 in 2016, $39 in 2015, and $263 in 2014	`PaymentsToDevelopRealEstateAssets`	$6.97M	USD	Annual
Development of real estate investments and other (including capitalized interest of $210 in 2016, $39 in 2015, and $263 in 2014	`PaymentsToDevelopRealEstateAssets`	$16.53M	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$686.00K	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$66.00K	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$354.00K	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$28.92M	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$12.46M	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$28.13M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-297.55M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-147.70M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-202.78M	USD	Annual
Proceeds from common stock offering, net	`ProceedsFromIssuanceOfCommonStock`	$95.00M	USD	Point-in-time
Proceeds from common stock offering, net	`ProceedsFromIssuanceOfCommonStock`	$73.30M	USD	Annual
Proceeds from common stock offering, net	`ProceedsFromIssuanceOfCommonStock`	$109.60M	USD	Point-in-time
Proceeds from common stock offering, net	`ProceedsFromIssuanceOfCommonStock`	$53.00M	USD	Point-in-time
Proceeds from common stock offering, net	`ProceedsFromIssuanceOfCommonStock`	$92.26M	USD	Annual
Proceeds from common stock offering, net	`ProceedsFromIssuanceOfCommonStock`	$228.01M	USD	Annual
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$712.00K	USD	Annual
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	-	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`	$252.00M	USD	Annual
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$256.00M	USD	Annual
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$158.00M	USD	Annual
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$143.12M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$5.18M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$31.58M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$12.77M	USD	Annual
Unsecured term loan proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	$60.28M	USD	Annual
Unsecured term loan proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	Annual
Unsecured term loan proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	$65.00M	USD	Annual
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	-	USD	Annual
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	$239.00K	USD	Annual
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	-	USD	Annual
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	$60.00M	USD	Annual
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	$100.00M	USD	Annual
Senior unsecured notes proceeds	`ProceedsFromUnsecuredNotesPayable`	-	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$42.06M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$32.99M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$25.40M	USD	Annual
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$657.00K	USD	Annual
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$591.00K	USD	Annual
Limited partners' distributions paid	`PaymentsOfCapitalDistribution`	$636.00K	USD	Annual
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	-	USD	Annual
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	$150.00K	USD	Annual
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	-	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$2.55M	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$896.00K	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$1.43M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$103.61M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$266.50M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$155.41M	USD	Annual
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$30.68M	USD	Annual
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.69M	USD	Annual
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.14M	USD	Annual
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.71M	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`	$33.40M	USD	Point-in-time
Cash and Cash Equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.54M	USD	Point-in-time
Cash and Cash Equivalents, end 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`	$33.40M	USD	Point-in-time
Cash and Cash Equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$14.54M	USD	Point-in-time
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$13.82M	USD	Annual
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$7.83M	USD	Annual
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$11.55M	USD	Annual
Cash paid for income tax	`IncomeTaxesPaidNet`	$8.00K	USD	Annual
Cash paid for income tax	`IncomeTaxesPaidNet`	$1.00K	USD	Annual
Cash paid for income tax	`IncomeTaxesPaidNet`	-	USD	Annual
Shares issued under equity incentive plans (in dollars)	`StockIssued1`	$2.39M	USD	Annual
Shares issued under equity incentive plans (in dollars)	`StockIssued1`	$2.86M	USD	Annual
Shares issued under equity incentive plans (in dollars)	`StockIssued1`	$3.52M	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

Stockholders Equity 39 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$356.04M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$453.62M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$685.51M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$292.21M	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`	$92.26M	USD	Annual
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$228.01M	USD	Annual
Issuance of restricted stock under the Equity Incentive Plan	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	-	USD	Annual
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$712.00K	USD	Annual
Issuance of restricted stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	Annual
Issuance of restricted stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	Annual
Issuance of restricted stock under the Omnibus Incentive Plan	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	Annual
Forfeiture of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	-	USD	Annual
Vesting of restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.26M	USD	Annual
Vesting of restricted stock	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$1.99M	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`	$35.34M	USD	Annual
Dividends and distributions declared for the period	`Dividends`	$46.08M	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`	$2.62M	USD	Annual
Other comprehensive income (loss) - change in fair value of interest rate swaps	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-2.58M	USD	Annual
Net income	`ProfitLoss`	$14.48M	USD	1 Quarter
Net income	`ProfitLoss`	$18.91M	USD	Annual
Net income	`ProfitLoss`	$14.88M	USD	1 Quarter
Net income	`ProfitLoss`	$10.83M	USD	1 Quarter
Net income	`ProfitLoss`	$6.49M	USD	1 Quarter
Net income	`ProfitLoss`	$7.59M	USD	1 Quarter
Net income	`ProfitLoss`	$7.93M	USD	1 Quarter
Net income	`ProfitLoss`	$39.76M	USD	Annual
Net income	`ProfitLoss`	$12.91M	USD	1 Quarter
Net income	`ProfitLoss`	$45.80M	USD	Annual
Net income	`ProfitLoss`	$10.46M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$356.04M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$453.62M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$685.51M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$292.21M	USD	Point-in-time

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