10-K Filing

AGREE REALTY CORP CIK: 917251 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001558370-19-000849`
Period End Date	20181231
Filing Date	20190221
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	adc-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 99 Income Statement 137 Cash Flow Statement 136 Stockholders Equity 40

Balance Sheet 99 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$553.70M	USD	Point-in-time
Land	`Land`	$405.46M	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$868.40M	USD	Point-in-time
Buildings	`InvestmentBuildingAndBuildingImprovements`	$1.19B	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$85.24M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$100.31M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.19B	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$296.00K	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.65B	USD	Point-in-time
Allowance for doubtful accounts receivable (in dollars)	`AllowanceForDoubtfulAccountsReceivable`	$289.00K	USD	Point-in-time
Accumulated Amortization, Deferred Finance Costs	`AccumulatedAmortizationDeferredFinanceCosts`	$886.00K	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$25.40M	USD	Point-in-time
Property under development	`DevelopmentInProcess`	$12.96M	USD	Point-in-time
Accumulated Amortization, Deferred Finance Costs	`AccumulatedAmortizationDeferredFinanceCosts`	$433.00K	USD	Point-in-time
Deferred leasing costs, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$901.00K	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$1.66B	USD	Point-in-time
Net Real Estate Investments	`RealEstateInvestmentPropertyNet`	$1.21B	USD	Point-in-time
Deferred leasing costs, accumulated amortization (in dollars)	`DeferredCostsLeasingAccumulatedAmortization`	$814.00K	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$41.39M	USD	Point-in-time
Real Estate Held for Sale, net	`RealEstateHeldforsale`	$2.42M	USD	Point-in-time
Finite-lived intangible assets, accumulated amortization (in dollars)	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$62.54M	USD	Point-in-time
Below Market Lease, Accumulated Amortization	`BelowMarketLeaseAccumulatedAmortization`	$15.18M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$53.95M	USD	Point-in-time
Below Market Lease, Accumulated Amortization	`BelowMarketLeaseAccumulatedAmortization`	$11.36M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.81M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash Held in Escrows	`EscrowDeposit`	$7.97M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash Held in Escrows	`EscrowDeposit`	$20.00K	USD	Point-in-time
Accounts Receivable - Tenants, net of allowance of $289 and $296 for possible losses at December 31, 2018 and December 31, 2017, respectively	`AccountsReceivableNet`	$15.48M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Accounts Receivable - Tenants, net of allowance of $289 and $296 for possible losses at December 31, 2018 and December 31, 2017, respectively	`AccountsReceivableNet`	$21.55M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	45.00M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	37.55M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	31.00M	shares	Point-in-time
Credit facility finance costs, net of accumulated amortization of $886 and $433 at December 31, 2018 and December 31, 2017, respectively	`DeferredFinanceCostsNet`	$1.13M	USD	Point-in-time
Credit facility finance costs, net of accumulated amortization of $886 and $433 at December 31, 2018 and December 31, 2017, respectively	`DeferredFinanceCostsNet`	$1.17M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	31.00M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	37.55M	shares	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Leasing costs, net of accumulated amortization of $901 and $814 at December 31, 2018 and December 31, 2017, respectively	`DeferredCostsLeasingNet`	$1.58M	USD	Point-in-time
Leasing costs, net of accumulated amortization of $901 and $814 at December 31, 2018 and December 31, 2017, respectively	`DeferredCostsLeasingNet`	$2.65M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Lease intangibles, net of accumulated amortization of $62,543 and $41,390 at December 31, 2018 and December 31, 2017, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$280.15M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.00M	shares	Point-in-time
Lease intangibles, net of accumulated amortization of $62,543 and $41,390 at December 31, 2018 and December 31, 2017, respectively	`FiniteLivedIntangibleAssetAcquiredInPlaceLeases`	$195.16M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeAssetsAtFairValue`	$2.54M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeAssetsAtFairValue`	$1.59M	USD	Point-in-time
Other Assets, net	`OtherAssets`	$4.86M	USD	Point-in-time
Other Assets, net	`OtherAssets`	$4.43M	USD	Point-in-time
Total Assets	`Assets`	$2.03B	USD	Point-in-time
Total Assets	`Assets`	$1.49B	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$88.27M	USD	Point-in-time
Mortgage Notes Payable, net	`SecuredDebt`	$60.93M	USD	Point-in-time
Unsecured Term Loans, net	`UnsecuredDebt`	$256.42M	USD	Point-in-time
Unsecured Term Loans, net	`UnsecuredDebt`	$158.17M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$384.06M	USD	Point-in-time
Senior Unsecured Notes, net	`SeniorNotes`	$259.12M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$19.00M	USD	Point-in-time
Unsecured Revolving Credit Facility	`LineOfCredit`	$14.00M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$16.30M	USD	Point-in-time
Dividends and Distributions Payable	`DividendsPayableCurrentAndNoncurrent`	$21.03M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$1.84M	USD	Point-in-time
Deferred Revenue	`DeferredRevenue`	$4.63M	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$4.78M	USD	Point-in-time
Accrued Interest Payable	`InterestPayableCurrentAndNoncurrent`	$3.41M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$9.90M	USD	Point-in-time
Accounts Payable and Accrued Expenses	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$11.16M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $15,177 and $11,357 at December 31, 2018 and December 31, 2017, respectively	`BelowMarketLeaseNet`	$30.35M	USD	Point-in-time
Lease intangibles, net of accumulated amortization of $15,177 and $11,357 at December 31, 2018 and December 31, 2017, respectively	`BelowMarketLeaseNet`	$27.22M	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeLiabilitiesAtFairValue`	$242.00K	USD	Point-in-time
Interest Rate Swaps	`InterestRateDerivativeLiabilitiesAtFairValue`	$1.14M	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilities`	$475.00K	USD	Point-in-time
Deferred Income Taxes	`DeferredIncomeTaxLiabilities`	$475.00K	USD	Point-in-time
Tenant Deposits	`SecurityDepositLiability`	$132.00K	USD	Point-in-time
Tenant Deposits	`SecurityDepositLiability`	$97.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$789.70M	USD	Point-in-time
Total Liabilities	`Liabilities`	$583.44M	USD	Point-in-time
Common stock, $.0001 par value, 45,000,000 shares authorized, 37,545,790 and 31,004,900 shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$3.00K	USD	Point-in-time
Common stock, $.0001 par value, 45,000,000 shares authorized, 37,545,790 and 31,004,900 shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively	`CommonStockValue`	$4.00K	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`	$936.05M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$1.28B	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$42.95M	USD	Point-in-time
Dividends in excess of net income	`AccumulatedDistributionsInExcessOfNetIncome`	$28.76M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.38M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.42M	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$1.24B	USD	Point-in-time
Total Equity - Agree Realty Corporation	`StockholdersEquity`	$908.66M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.53M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$2.41M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$911.19M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$685.51M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$453.62M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$1.49B	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$2.03B	USD	Point-in-time

Income Statement 137 line items

Line Item	Tag	Value	Unit	Period
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$105.07M	USD	Annual
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$84.03M	USD	Annual
Minimum rents	`OperatingLeasesIncomeStatementMinimumLeaseRevenue`	$132.81M	USD	Annual
Percentage rents	`PercentageRent`	$244.00K	USD	Annual
Percentage rents	`PercentageRent`	$261.00K	USD	Annual
Percentage rents	`PercentageRent`	$197.00K	USD	Annual
Operating cost reimbursement	`TenantReimbursement`	$10.75M	USD	Annual
Operating cost reimbursement	`TenantReimbursement`	$7.27M	USD	Annual
Operating cost reimbursement	`TenantReimbursement`	$14.89M	USD	Annual
Other	`OtherIncome`	$233.00K	USD	Annual
Other	`OtherIncome`	$32.00K	USD	Annual
Other	`OtherIncome`	$485.00K	USD	Annual
Total Revenues	`Revenues`	$91.53M	USD	Annual
Total Revenues	`Revenues`	$148.19M	USD	Annual
Total Revenues	`Revenues`	$34.57M	USD	1 Quarter
Total Revenues	`Revenues`	$28.08M	USD	1 Quarter
Total Revenues	`Revenues`	$116.56M	USD	Annual
Total Revenues	`Revenues`	$31.53M	USD	1 Quarter
Total Revenues	`Revenues`	$40.61M	USD	1 Quarter
Total Revenues	`Revenues`	$35.71M	USD	1 Quarter
Total Revenues	`Revenues`	$26.56M	USD	1 Quarter
Total Revenues	`Revenues`	$30.39M	USD	1 Quarter
Total Revenues	`Revenues`	$37.31M	USD	1 Quarter
Real estate taxes	`RealEstateTaxExpense`	$5.46M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$8.20M	USD	Annual
Real estate taxes	`RealEstateTaxExpense`	$10.72M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$5.64M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$3.61M	USD	Annual
Property operating expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$2.48M	USD	Annual
Land lease expense	`LeaseAndRentalExpense`	$653.00K	USD	Annual
Land lease expense	`LeaseAndRentalExpense`	$645.00K	USD	Annual
Land lease expense	`LeaseAndRentalExpense`	$653.00K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$9.72M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$12.16M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$7.86M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$43.70M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$23.41M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$31.75M	USD	Annual
Provision for impairment	`AssetImpairmentCharges`	-	USD	Annual
Provision for impairment	`AssetImpairmentCharges`	-	USD	Annual
Provision for impairment	`AssetImpairmentCharges`	$2.32M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$39.87M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$75.19M	USD	Annual
Total Operating Expenses	`CostsAndExpenses`	$53.94M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$73.00M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$51.66M	USD	Annual
Income from Operations	`OperatingIncomeLoss`	$62.61M	USD	Annual
Interest expense, net	`InterestExpense`	$15.34M	USD	Annual
Interest expense, net	`InterestExpense`	$18.14M	USD	Annual
Interest expense, net	`InterestExpense`	$24.87M	USD	Annual
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$14.19M	USD	Annual
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$9.96M	USD	Annual
Gain (loss) on sale of assets, net	`GainsLossesOnSalesOfAssets`	$11.18M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$227.00K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$153.00K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$516.00K	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-333.00K	USD	Annual
Loss on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Other (expense) income	`OtherNonoperatingIncomeExpense`	$4.00K	USD	Annual
Other (expense) income	`OtherNonoperatingIncomeExpense`	$347.00K	USD	Annual
Net Income	`ProfitLoss`	$16.64M	USD	1 Quarter
Net Income	`ProfitLoss`	$16.67M	USD	1 Quarter
Net Income	`ProfitLoss`	$15.76M	USD	1 Quarter
Net Income	`ProfitLoss`	$15.07M	USD	1 Quarter
Net Income	`ProfitLoss`	$58.80M	USD	Annual
Net Income	`ProfitLoss`	$13.34M	USD	1 Quarter
Net Income	`ProfitLoss`	$45.80M	USD	Annual
Net Income	`ProfitLoss`	$12.28M	USD	1 Quarter
Net Income	`ProfitLoss`	$58.79M	USD	Annual
Net Income	`ProfitLoss`	$14.77M	USD	1 Quarter
Net Income	`ProfitLoss`	$13.07M	USD	1 Quarter
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$678.00K	USD	Annual
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$679.00K	USD	Annual
Less Net Income Attributable to Non-Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$626.00K	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$12.16M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$58.17M	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$16.50M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$13.21M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$12.92M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$14.57M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$58.11M	USD	Annual
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$15.59M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$14.88M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$16.45M	USD	1 Quarter
Net Income Attributable to Agree Realty Corporation	`NetIncomeLoss`	$45.12M	USD	Annual
Basic	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.09	USD	Annual
Basic	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.97	USD	Annual
Basic	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.80	USD	Annual
Basic	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.37	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.08	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.41	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.97	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.78	USD	Annual
Net income	`ProfitLoss`	$16.64M	USD	1 Quarter
Net income	`ProfitLoss`	$16.67M	USD	1 Quarter
Net income	`ProfitLoss`	$15.76M	USD	1 Quarter
Net income	`ProfitLoss`	$15.07M	USD	1 Quarter
Net income	`ProfitLoss`	$58.80M	USD	Annual
Net income	`ProfitLoss`	$13.34M	USD	1 Quarter
Net income	`ProfitLoss`	$45.80M	USD	Annual
Net income	`ProfitLoss`	$12.28M	USD	1 Quarter
Net income	`ProfitLoss`	$58.79M	USD	Annual
Net income	`ProfitLoss`	$14.77M	USD	1 Quarter
Net income	`ProfitLoss`	$13.07M	USD	1 Quarter
Other Comprehensive Income (Loss) - Change in Fair Value of Interest Rate Swaps	`OtherComprehensiveIncomeLossNetOfTax`	$1.94M	USD	Annual
Other Comprehensive Income (Loss) - Change in Fair Value of Interest Rate Swaps	`OtherComprehensiveIncomeLossNetOfTax`	$54.00K	USD	Annual
Other Comprehensive Income (Loss) - Change in Fair Value of Interest Rate Swaps	`OtherComprehensiveIncomeLossNetOfTax`	$2.62M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$58.85M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$60.73M	USD	Annual
Total Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$48.41M	USD	Annual
Less Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$703.00K	USD	Annual
Less Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$702.00K	USD	Annual
Less Comprehensive Income Attributable to Non-Controlling Interest	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest`	$631.00K	USD	Annual
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$60.02M	USD	Annual
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$58.22M	USD	Annual
Comprehensive Income Attributable to Agree Realty Corporation	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$47.71M	USD	Annual
Weighted Average Number of Common Shares Outstanding - Basic:	`WeightedAverageNumberOfSharesOutstandingBasic`	32.07M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Basic:	`WeightedAverageNumberOfSharesOutstandingBasic`	22.87M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Basic:	`WeightedAverageNumberOfSharesOutstandingBasic`	27.63M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted:	`WeightedAverageNumberOfDilutedSharesOutstanding`	27.70M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted:	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.96M	shares	Annual
Weighted Average Number of Common Shares Outstanding - Diluted:	`WeightedAverageNumberOfDilutedSharesOutstanding`	32.40M	shares	Annual

Cash Flow Statement 136 line items

Line Item	Tag	Value	Unit	Period
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$210.00K	USD	Point-in-time
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$570.00K	USD	Point-in-time
Real Estate Inventory, Capitalized Interest Costs	`RealEstateInventoryCapitalizedInterestCosts`	$448.00K	USD	Point-in-time
Net income	`ProfitLoss`	$16.64M	USD	1 Quarter
Net income	`ProfitLoss`	$16.67M	USD	1 Quarter
Net income	`ProfitLoss`	$15.76M	USD	1 Quarter
Net income	`ProfitLoss`	$15.07M	USD	1 Quarter
Net income	`ProfitLoss`	$58.80M	USD	Annual
Net income	`ProfitLoss`	$13.34M	USD	1 Quarter
Net income	`ProfitLoss`	$45.80M	USD	Annual
Net income	`ProfitLoss`	$12.28M	USD	1 Quarter
Net income	`ProfitLoss`	$58.79M	USD	Annual
Net income	`ProfitLoss`	$14.77M	USD	1 Quarter
Net income	`ProfitLoss`	$13.07M	USD	1 Quarter
Depreciation	`Depreciation`	$15.27M	USD	Annual
Depreciation	`Depreciation`	$24.70M	USD	Annual
Depreciation	`Depreciation`	$19.59M	USD	Annual
Amortization	`AdjustmentForAmortization`	$19.00M	USD	Annual
Amortization	`AdjustmentForAmortization`	$12.17M	USD	Annual
Amortization	`AdjustmentForAmortization`	$8.13M	USD	Annual
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$1.05M	USD	Annual
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$720.00K	USD	Annual
Amortization from financing and credit facility costs	`AmortizationOfFinancingCostsAndDiscounts`	$979.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.95M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.39M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.26M	USD	Annual
Provision for impairment	`AssetImpairmentCharges`	-	USD	Annual
Provision for impairment	`AssetImpairmentCharges`	-	USD	Annual
Provision for impairment	`AssetImpairmentCharges`	$2.32M	USD	Annual
Write-off of deferred costs	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Write-off of deferred costs	`GainsLossesOnExtinguishmentOfDebt`	$-333.00K	USD	Annual
Write-off of deferred costs	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$11.18M	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$14.19M	USD	Annual
(Gain) loss on sale of assets	`GainLossOnDispositionOfAssets1`	$9.96M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.22M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.86M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$4.12M	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$109.00K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-444.00K	USD	Annual
(Increase) decrease in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$463.00K	USD	Annual
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$-1.26M	USD	Annual
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$1.98M	USD	Annual
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$5.26M	USD	Annual
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$115.00K	USD	Annual
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$14.00K	USD	Annual
Increase (decrease) in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$2.79M	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.25M	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.20M	USD	Annual
Increase (decrease) in accrued interest	`IncreaseDecreaseInInterestPayableNet`	$1.37M	USD	Annual
Increase (decrease) in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	Annual
Increase (decrease) in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	Annual
Increase (decrease) in deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$230.00K	USD	Annual
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$3.00K	USD	Annual
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$35.00K	USD	Annual
Increase (decrease) in tenant deposits	`IncreaseDecreaseInSecurityDeposits`	$65.00K	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$82.20M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$93.25M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$61.73M	USD	Annual
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$297.87M	USD	Annual
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$611.13M	USD	Annual
Acquisition of real estate investments and other assets	`PaymentsToAcquireRealEstate`	$319.57M	USD	Annual
Development of real estate investments and other assets (including capitalized interest of $448 in 2018, $570 in 2017, and $210 in 2016)	`PaymentsToDevelopRealEstateAssets`	$27.92M	USD	Annual
Development of real estate investments and other assets (including capitalized interest of $448 in 2018, $570 in 2017, and $210 in 2016)	`PaymentsToDevelopRealEstateAssets`	$43.30M	USD	Annual
Development of real estate investments and other assets (including capitalized interest of $448 in 2018, $570 in 2017, and $210 in 2016)	`PaymentsToDevelopRealEstateAssets`	$21.48M	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$1.34M	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$568.00K	USD	Annual
Payment of leasing costs	`PaymentsForLeasingCosts`	$686.00K	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$28.92M	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$65.83M	USD	Annual
Net proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$44.34M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-568.12M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-319.10M	USD	Annual
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-297.55M	USD	Annual
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$228.01M	USD	Annual
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$222.69M	USD	Annual
Proceeds from common stock offerings, net	`ProceedsFromIssuanceOfCommonStock`	$339.74M	USD	Annual
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$712.00K	USD	Annual
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.11M	USD	Annual
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$1.15M	USD	Annual
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$363.00M	USD	Annual
Unsecured revolving credit facility borrowings	`ProceedsFromLinesOfCredit`	$203.00M	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`	$358.00M	USD	Annual
Unsecured revolving credit facility repayments	`RepaymentsOfLinesOfCredit`	$203.00M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$31.58M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$2.41M	USD	Annual
Payments of mortgage notes payable	`RepaymentsOfSecuredDebt`	$27.58M	USD	Annual
Unsecured term loan proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	-	USD	Annual
Unsecured term loan proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	$60.28M	USD	Annual
Unsecured term loan proceeds	`ProceedsFromIssuanceOfUnsecuredDebt`	$100.00M	USD	Annual
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	$239.00K	USD	Annual
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	$739.00K	USD	Annual
Payments of unsecured term loans	`RepaymentsOfUnsecuredDebt`	$761.00K	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`	$125.00M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$55.15M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$42.06M	USD	Annual
Dividends paid	`PaymentsOfDividendsCommonStock`	$67.64M	USD	Annual
Distributions to Non-Controlling Interest	`PaymentsToMinorityShareholders`	$737.00K	USD	Annual
Distributions to Non-Controlling Interest	`PaymentsToMinorityShareholders`	$657.00K	USD	Annual
Distributions to Non-Controlling Interest	`PaymentsToMinorityShareholders`	$695.00K	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$1.82M	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$2.55M	USD	Annual
Payments for financing costs	`PaymentsOfFinancingCosts`	$309.00K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$470.06M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$262.28M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$266.50M	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$30.68M	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$25.39M	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.81M	USD	Annual
Cash and cash equivalents and cash held in escrow, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$58.78M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.71M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.98M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.40M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$58.78M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.71M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$53.98M	USD	Point-in-time
Cash and cash equivalents and cash held in escrow, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.40M	USD	Point-in-time
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$23.02M	USD	Annual
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$17.33M	USD	Annual
Cash paid for interest (net of amounts capitalized)	`InterestPaidNet`	$13.82M	USD	Annual
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$452.00K	USD	Annual
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$257.00K	USD	Annual
Cash paid (refunded) for income tax	`IncomeTaxesPaidNet`	$153.00K	USD	Annual
Shares issued under equity incentive plans (in dollars)	`StockIssued1`	$3.52M	USD	Annual
Shares issued under equity incentive plans (in dollars)	`StockIssued1`	$2.78M	USD	Annual
Shares issued under equity incentive plans (in dollars)	`StockIssued1`	$4.30M	USD	Annual
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$21.03M	USD	Annual
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$16.30M	USD	Annual
Dividends and limited partners' distributions declared and unpaid	`DividendsCommonStock`	$13.12M	USD	Annual
Real Estate acquisitions financed with debt assumption	`RealEstateAcquisitionsFinancedWithDebtAssumption`	-	USD	Annual
Real Estate acquisitions financed with debt assumption	`RealEstateAcquisitionsFinancedWithDebtAssumption`	$21.50M	USD	Annual
Real Estate acquisitions financed with debt assumption	`RealEstateAcquisitionsFinancedWithDebtAssumption`	-	USD	Annual

Stockholders Equity 40 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$911.19M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$685.51M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$453.62M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	Point-in-time
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$339.74M	USD	Annual
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$222.69M	USD	Annual
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$228.01M	USD	Annual
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$712.00K	USD	Annual
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.11M	USD	Annual
Repurchase of common shares	`StockRepurchasedDuringPeriodValue`	$1.15M	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
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.26M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.95M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$2.39M	USD	Annual
Dividends and distributions declared for the period	`Dividends`	$46.08M	USD	Annual
Dividends and distributions declared for the period	`Dividends`	$59.02M	USD	Annual
Dividends and distributions declared for the period	`Dividends`	$73.10M	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`	$1.94M	USD	Annual
Other comprehensive income (loss) - change in fair value of interest rate swaps	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$54.00K	USD	Annual
Net income	`ProfitLoss`	$16.64M	USD	1 Quarter
Net income	`ProfitLoss`	$16.67M	USD	1 Quarter
Net income	`ProfitLoss`	$15.76M	USD	1 Quarter
Net income	`ProfitLoss`	$15.07M	USD	1 Quarter
Net income	`ProfitLoss`	$58.80M	USD	Annual
Net income	`ProfitLoss`	$13.34M	USD	1 Quarter
Net income	`ProfitLoss`	$45.80M	USD	Annual
Net income	`ProfitLoss`	$12.28M	USD	1 Quarter
Net income	`ProfitLoss`	$58.79M	USD	Annual
Net income	`ProfitLoss`	$14.77M	USD	1 Quarter
Net income	`ProfitLoss`	$13.07M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$911.19M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$685.51M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$453.62M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	Point-in-time

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