CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Revenues
Minimum rents	$ 9,635,863	$ 7,817,059
Percentage rents	20,061	15,107
Operating cost reimbursement	591,773	536,763
Other income	0	17,227
Total Revenues	10,247,697	8,386,156
Operating Expenses
Real estate taxes	466,510	476,075
Property operating expenses	357,391	334,801
Land lease payments	106,975	181,075
General and administrative	1,486,367	1,407,595
Depreciation and amortization	1,951,364	1,475,848
Total Operating Expenses	4,368,607	3,875,394
Income from Operations	5,879,090	4,510,762
Other Income (Expense)
Interest expense, net	(1,440,193)	(1,136,046)
Income From Continuing Operations	4,438,897	3,374,716
Discontinued Operations
Gain on sale of assets from discontinued operations	946,347	908,160
Income from discontinued operations	7,014	458,959
Net Income	5,392,258	4,741,835
Less Net Income Attributable to Non-Controlling Interest	141,479	145,556
Net Income Attributable to Agree Realty Corporation	5,250,779	4,596,279
Basic Earnings (Loss) Per Share
Continuing operations (in dollars per share)	$ 0.35	$ 0.31
Discontinued operations (in dollars per share)	$ 0.07	$ 0.12
Earnings Per Share, Basic (in dollars per share)	$ 0.42	$ 0.43
Diluted Earnings (Loss) Per Share
Continuing operations (in dollars per share)	$ 0.34	$ 0.31
Discontinued operations (in dollars per share)	$ 0.07	$ 0.12
Earnings Per Share, Diluted (in dollars per share)	$ 0.41	$ 0.43
Other Comprehensive Income
Net income	5,392,258	4,741,835
Other Comprehensive Income (Loss)	250,669	52,791
Total Comprehensive Income	5,642,927	4,794,626
Comprehensive Income Attributable to Non-Controlling Interest	(148,047)	(147,177)
Comprehensive Income Attributable to Agree Realty Corporation	$ 5,494,880	$ 4,647,449
Weighted Average Number of Common Shares: Outstanding -Basic (in shares)	12,641,730	10,722,457
Weighted Average Number of Common Shares: Outstanding - Dilutive (in shares)	12,693,361	10,754,822