Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

3. Earnings Per Share

Earnings per share has been computed by dividing the net income attributable to Agree Realty Corporation by the weighted average number of common shares outstanding.

The following is a reconciliation of the denominator of the basic net earnings per common share computation to the denominator of the diluted net earnings per common share computation for each of the periods presented:

	Three Months Ended March 31,
	2013		2012
Weighted average number of common shares outstanding		12,903,030		10,975,857
Unvested restricted stock		261,300		253,400
Weighted average number of common shares outstanding used in basic earnings per share		12,641,730		10,722,457
Weighted average number of common shares outstanding used in basic earnings per share		12,641,730		10,722,457
Effect of dilutive securities:
Restricted stock		51,631		32,365
Weighted average number of common shares outstanding used in diluted earnings per share		12,693,361		10,754,822