CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues
Minimum rents	$ 12,628,111	$ 10,420,685	$ 35,941,801	$ 29,815,029
Percentage rents	4,695	0	146,876	19,359
Operating cost reimbursement	1,010,157	849,745	2,979,738	1,965,342
Other income	114,462	1,553	167,838	1,553
Total Revenues	13,757,425	11,271,983	39,236,253	31,801,283
Operating Expenses
Real estate taxes	773,647	612,272	2,210,622	1,542,858
Property operating expenses	337,811	308,972	1,294,631	899,595
Land lease payments	125,327	106,975	339,877	320,925
General and administrative	1,748,209	1,587,806	4,956,897	4,668,063
Depreciation and amortization	2,855,066	2,112,284	7,959,812	6,227,349
Impairment charge	220,000	0	3,020,000	0
Total Operating Expenses	6,060,060	4,728,309	19,781,839	13,658,790
Income from Operations	7,697,365	6,543,674	19,454,414	18,142,493
Other Income (Expense)
Interest expense, net	(2,439,105)	(1,634,051)	(6,108,076)	(4,599,256)
Loss on sale of assets	(292,652)	0	(292,652)	0
Income From Continuing Operations	4,965,608	4,909,623	13,053,686	13,543,237
Discontinued Operations
Gain on sale of assets from discontinued operations	0	0	122,747	946,347
(Loss) Income from discontinued operations	0	(263,842)	14,573	77,952
Total Discontinued Operations	0	(263,842)	137,320	1,024,299
Net Income	4,965,608	4,645,781	13,191,006	14,567,536
Less Net Income Attributable to Non-Controlling Interest	112,763	117,619	299,576	378,691
Net Income Attributable to Agree Realty Corporation	4,852,845	4,528,162	12,891,430	14,188,845
Basic Earnings Per Share
Continuing operations (in dollars per share)	$ 0.33	$ 0.37	$ 0.87	$ 1.02
Discontinued operations (in dollars per share)	$ 0	$ (0.02)	$ 0.01	$ 0.08
Earnings Per Share, Basic (in dollars per share)	$ 0.33	$ 0.35	$ 0.88	$ 1.10
Diluted Earnings Per Share
Continuing operations (in dollars per share)	$ 0.33	$ 0.37	$ 0.86	$ 1.02
Discontinued operations (in dollars per share)	$ 0	$ (0.02)	$ 0.01	$ 0.08
Earnings Per Share, Diluted (in dollars per share)	$ 0.33	$ 0.35	$ 0.87	$ 1.10
Other Comprehensive Income
Net income	4,965,608	4,645,781	13,191,006	14,567,536
Other Comprehensive Income (Loss)	727,135	(549,979)	(583,107)	1,012,214
Total Comprehensive Income	5,692,743	4,095,802	12,607,899	15,579,750
Comprehensive Income Attributable to Non-Controlling Interest	(129,269)	(103,540)	(286,339)	(404,754)
Comprehensive Income Attributable to Agree Realty Corporation	$ 5,563,474	$ 3,992,262	$ 12,321,560	$ 15,174,996
Weighted Average Number of Common Shares Outstanding - Basic (in shares)	14,713,740	12,983,774	14,712,352	12,872,808
Weighted Average Number of Common Shares Outstanding - Dilutive (in shares)	14,782,051	13,063,187	14,782,484	12,953,224