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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Minimum rents $ 33,541,223 $ 28,359,204 $ 24,667,728
Percentage rents 27,616 34,404 34,518
Operating cost reimbursement 2,160,887 1,969,117 2,032,864
Development fee income 0 894,693 589,541
Other income 59,989 150,436 97,583
Total Revenues 35,789,715 31,407,854 27,422,234
Operating Expenses      
Real estate taxes 1,902,943 1,899,470 1,533,207
Property operating expenses 1,101,753 1,176,191 1,110,577
Land lease payments 574,300 721,300 476,531
General and administrative 5,681,828 5,661,912 5,003,384
Depreciation and amortization 6,470,462 5,415,795 4,333,404
Impairment charge 0 600,000 6,160,000
Total Operating Expenses 15,731,286 15,474,668 18,617,103
Income from Operations 20,058,429 15,933,186 8,805,131
Other Income (Expense)      
Interest expense, net (5,134,283) (3,956,818) (3,460,998)
Gain on extinguishment of debt 0 2,360,231 0
Income From Continuing Operations 14,924,146 14,336,599 5,344,133
Discontinued Operations      
Gain on sale of assets from discontinued operations 2,097,105 110,212 4,737,968
Income/(loss) from discontinued operations 1,582,343 (4,557,274) 5,545,733
Net Income 18,603,594 9,889,537 15,627,834
Less Net Income Attributable to Non-Controlling Interest 554,150 338,395 561,039
Net Income Attributable to Agree Realty Corporation 18,049,444 9,551,142 15,066,795
Basic Earnings (Loss) Per Share      
Continuing operations (in dollars per share) $ 1.31 $ 1.44 $ 0.57
Discontinued operations (in dollars per share) $ 0.32 $ (0.45) $ 1.08
Earnings Per Share, Basic (in dollars per share) $ 1.63 $ 0.99 $ 1.65
Diluted Earnings (Loss) Per Share      
Continuing operations (in dollars per share) $ 1.30 $ 1.44 $ 0.56
Discontinued operations (in dollars per share) $ 0.32 $ (0.45) $ 1.08
Earnings Per Share, Diluted (in dollars per share) $ 1.62 $ 0.99 $ 1.64
Other Comprehensive Income      
Net income 18,603,594 9,889,537 15,627,834
Other Comprehensive Income (Loss) (708,538) 163,751 (718,458)
Total Comprehensive Income 17,895,056 10,053,288 14,909,376
Comprehensive Income Attributable to Non-Controlling Interest (533,311) (343,979) (536,510)
Comprehensive Income Attributable to Agree Realty Corporation $ 17,361,745 $ 9,709,309 $ 14,372,866
Weighted Average Number of Common Shares: Outstanding - Basic (in shares) 11,071,318 9,637,365 9,155,659
Weighted Average Number of Common Shares: Outstanding - Dilutive (in shares) 11,136,910 9,681,232 9,191,500