Total Comprehensive Income

12 Months Ended

Dec. 31, 2011

The following is a reconciliation of net income to comprehensive income attributable to Agree Realty Corporation for the years ended December 31, 2011 and 2010 and 2009.

	2011		2010			2009

Net income	$	9,889,537	$	15,627,834		$	17,994,036
Other comprehensive income		163,751		(718,458	)		(74,753	)

Total comprehensive income before non-controlling interests		10,053,288		14,909,376			17,919,283
Less: non-controlling interest		338,395		561,039			950,046

Total comprehensive income after non-controlling interests		9,714,893		14,348,337			16,969,237
Non-controlling interest of comprehensive income (loss)		5,584		(24,529	)		(3,947	)

Comprehensive income attributable to Agree Realty Corporation	$	9,709,309	$	14,372,866		$	16,973,184

- Definition

The entire disclosure for comprehensive income. Includes, but is not limited to, the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

+ References

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+ Details