Earnings Per Share

9 Months Ended

Sep. 30, 2014

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 September 30,		Nine Months Ended September 30,
	2014	2013	2014		2013
Weighted average number of common shares outstanding	14,960,218	13,239,947		14,958,830	13,128,981
Unvested restricted stock	246,478	256,173		246,478	256,173
Weighted average number of common shares outstanding used in basic earnings per share	14,713,740	12,983,774		14,712,352	12,872,808
Weighted average number of common shares outstanding used in basic earnings per share	14,713,740	12,983,774		14,712,352	12,872,808
Effect of dilutive securities:
Restricted stock	68,311	79,413		70,132	80,416
Weighted average number of common shares outstanding used in diluted earnings per share	14,782,051	13,063,187		14,782,484	12,953,224