CONSOLIDATED STATEMENTS OF INCOME (USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
REVENUES
Minimum rents	$ 32,671,133	$ 30,355,102	$ 28,867,983
Percentage rents	34,404	34,518	15,366
Operating cost reimbursement	2,570,173	2,604,007	2,646,634
Development fee income	894,693	589,541	409,643
Other income	150,436	97,583	30,462
Total Revenues	36,320,839	33,680,751	31,970,088
Operating Expenses
Real estate taxes	2,658,161	1,912,593	1,937,523
Property operating expenses	1,531,200	1,458,261	1,565,679
Land lease payments	721,300	476,531	387,300
General and administrative	5,661,912	5,003,384	4,559,005
Depreciation and amortization	6,501,122	5,279,626	4,951,176
Impairment charge	3,650,000	7,700,000
Total Operating Expenses	20,723,695	21,830,395	13,400,683
Income from Operations	15,597,144	11,850,356	18,569,405
Other Income (Expense)
Interest expense, net	(4,727,112)	(4,103,781)	(4,007,617)
Gain on extinguishment of debt	2,360,231
Income Before Discontinued Operations	13,230,263	7,746,575	14,561,788
Gain on sale of assets from discontinued operations	110,212	4,737,968
Income (Loss) from discontinued operations	(3,450,938)	3,143,291	3,432,248
Net Income	9,889,537	15,627,834	17,994,036
Less Net Income Attributable to Non- Controlling Interest	338,395	561,039	950,046
Net Income Attributable to Agree Realty Corporation	9,551,142	15,066,795	17,043,990
Other Comprehensive Income (Loss), Net of ($5,584, ($24,529) and ($3,947)) Attributable to Non-Controlling Interest	158,167	(693,929)	(70,806)
Total Comprehensive Income Attributable to Agree Realty Corporation	$ 9,709,309	$ 14,372,866	$ 16,973,184
Basic Earnings Per Share (Note 2)
Continuing operations	$ 1.32	$ 0.82	$ 1.74
Discontinued operations	$ (0.33)	$ 0.83	$ 0.41
Earnings Per Share, Basic, Total	$ 0.99	$ 1.65	$ 2.15
Dilutive Earnings Per Share (Note 2)
Continuing operations	$ 1.32	$ 0.81	$ 1.73
Discontinued operations	$ (0.33)	$ 0.83	$ 0.41
Earnings Per Share, Diluted, Total	$ 0.99	$ 1.64	$ 2.14