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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues      
Minimum rents $ 40,895,131 $ 32,568,972 $ 27,418,946
Percentage rents 36,074 24,474 30,912
Operating cost reimbursement 2,567,457 1,970,927 1,768,094
Development fee income 0 0 894,693
Other income 19,002 59,989 150,436
Total Revenues 43,517,664 34,624,362 30,263,081
Operating Expenses      
Real estate taxes 2,035,937 1,785,917 1,699,180
Property operating expenses 1,192,538 967,747 1,048,341
Land lease payments 427,900 574,300 721,300
General and administrative 5,952,433 5,681,828 5,661,912
Depreciation and amortization 8,489,207 6,240,727 5,199,624
Impairment charge 0 0 600,000
Total Operating Expenses 18,098,015 15,250,519 14,930,357
Income from Operations 25,419,649 19,373,843 15,332,724
Other Income (Expense)      
Interest expense, net (6,474,727) (5,134,283) (3,956,818)
Gain on extinguishment of debt 0 0 2,360,231
Income From Continuing Operations 18,944,922 14,239,560 13,736,137
Discontinued Operations      
Gain on sale of assets from discontinued operations 946,347 2,097,105 110,212
Income/(loss) from discontinued operations 298,342 2,266,929 (3,956,812)
Net Income 20,189,611 18,603,594 9,889,537
Less Net Income Attributable to Non-Controlling Interest 515,036 554,150 338,395
Net Income Attributable to Agree Realty Corporation 19,674,575 18,049,444 9,551,142
Basic Earnings (Loss) Per Share      
Continuing operations (in dollars per share) $ 1.41 $ 1.25 $ 1.38
Discontinued operations (in dollars per share) $ 0.10 $ 0.38 $ (0.39)
Earnings Per Share, Basic (in dollars per share) $ 1.51 $ 1.63 $ 0.99
Diluted Earnings (Loss) Per Share      
Continuing operations (in dollars per share) $ 1.40 $ 1.24 $ 1.37
Discontinued operations (in dollars per share) $ 0.10 $ 0.38 $ (0.38)
Earnings Per Share, Diluted (in dollars per share) $ 1.50 $ 1.62 $ 0.99
Other Comprehensive Income      
Net income 20,189,611 18,603,594 9,889,537
Other Comprehensive Income (Loss) 1,812,535 (708,538) 163,751
Total Comprehensive Income 22,002,146 17,895,056 10,053,288
Comprehensive Income Attributable to Non-Controlling Interest (561,587) (533,311) (343,979)
Comprehensive Income Attributable to Agree Realty Corporation $ 21,440,559 $ 17,361,745 $ 9,709,309
Weighted Average Number of Common Shares: Outstanding - Basic (in shares) 13,065,907 11,071,318 9,637,365
Weighted Average Number of Common Shares: Outstanding - Dilutive (in shares) 13,157,505 11,136,910 9,681,232