CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues
Minimum rents	$ 10,683,883	$ 8,635,775	$ 30,581,677	$ 24,438,181
Percentage rents	0	0	20,061	22,725
Operating cost reimbursement	901,257	542,271	2,138,547	1,691,199
Other income	1,553	14,889	1,553	59,991
Total Revenues	11,586,693	9,192,935	32,741,838	26,212,096
Operating Expenses
Real estate taxes	660,053	395,033	1,685,273	1,363,513
Property operating expenses	326,037	253,879	985,408	810,584
Land lease payments	106,975	106,075	320,925	468,225
General and administrative	1,587,617	1,317,094	4,668,491	4,153,269
Depreciation and amortization	2,176,179	1,640,478	6,418,310	4,787,813
Impairment charge	450,000	0	450,000	0
Total Operating Expenses	5,306,861	3,712,559	14,528,407	11,583,404
Income from Operations	6,279,832	5,480,376	18,213,431	14,628,692
Other Income (Expense)
Interest expense, net	(1,634,051)	(1,344,245)	(4,599,256)	(3,625,943)
Income From Continuing Operations	4,645,781	4,136,131	13,614,175	11,002,749
Discontinued Operations
Gain(Loss) on sale of assets from discontinued operations	0	(320,718)	946,347	1,746,750
Income from discontinued operations	0	209,619	7,014	1,107,360
Total Discontinued Operations	0	(111,099)	953,361	2,854,110
Net Income	4,645,781	4,025,032	14,567,536	13,856,859
Less Net Income Attributable to Non-Controlling Interest	117,619	118,321	378,691	414,116
Net Income Attributable to Agree Realty Corporation	4,528,162	3,906,711	14,188,845	13,442,743
Basic Earnings (Loss) Per Share
Continuing operations (in dollars per share)	$ 0.35	$ 0.36	$ 1.03	$ 0.97
Discontinued operations (in dollars per share)	$ 0	$ (0.01)	$ 0.07	$ 0.25
Earnings Per Share, Basic (in dollars per share)	$ 0.35	$ 0.35	$ 1.10	$ 1.22
Diluted Earnings (Loss) Per Share
Continuing operations (in dollars per share)	$ 0.35	$ 0.36	$ 1.03	$ 0.96
Discontinued operations (in dollars per share)	$ 0	$ (0.01)	$ 0.07	$ 0.25
Earnings Per Share, Diluted (in dollars per share)	$ 0.35	$ 0.35	$ 1.10	$ 1.21
Other Comprehensive Income
Net income	4,645,781	4,025,032	14,567,536	13,856,859
Other Comprehensive Income (Loss)	(549,979)	(177,010)	1,012,214	(704,155)
Total Comprehensive Income	4,095,802	3,848,022	15,579,750	13,152,704
Comprehensive Income Attributable to Non-Controlling Interest	(103,540)	(113,099)	(404,754)	(393,407)
Comprehensive Income Attributable to Agree Realty Corporation	$ 3,992,262	$ 3,734,923	$ 15,174,996	$ 12,759,297
Weighted Average Number of Common Shares Outstanding - Basic (in shares)	12,983,774	11,185,864	12,872,808	11,032,857
Weighted Average Number of Common Shares Outstanding - Dilutive (in shares)	13,063,187	11,238,930	12,953,224	11,082,730