Total Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2011

Total Comprehensive Income (Loss)

7.    Total Comprehensive Income (Loss) The following is a reconciliation of net income to comprehensive income attributable to Agree Realty Corporation for the three and nine months ended September 30, 2011 and 2010.

	Three months ended September 30, 2011			Three months ended  September 30, 2010
Net income (loss)	$	(1,855,344	)	$	4,540,568
Other comprehensive income (loss)		21,671			(256,062	)
Total comprehensive income before non-controlling interest		(1,833,673	)		4,284,506
Less:  non-controlling interest		(61,823	)		148,960
Total comprehensive income (loss) after non-controlling interest		(1,771,850	)		4,135,546
Non-controlling interest of comprehensive income (loss)		(739	)		(8,809	)
Comprehensive income (loss) attributable to Agree Realty Corporation	$	(1,772,589	)	$	4,144,355

	Nine months ended September 30, 2011		Nine months ended  September 30, 2010
Net income	$	6,668,049	$	18,940,508
Other comprehensive income (loss)		34,011		(942,162	)
Total comprehensive income before non-controlling interest		6,702,060		17,998,346
Less:  non-controlling interest		228,630		691,413
Total comprehensive income after non-controlling interest		6,473,430		17,306,933
Non-controlling interest of comprehensive income (loss)		1,160		(33,546	)
Comprehensive income attributable to Agree Realty Corporation	$	6,472,270	$	17,340,479