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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2014
Dec. 31, 2013
Real Estate Investments    
Land $ 195,091,303us-gaap_Land $ 162,096,646us-gaap_Land
Buildings 393,826,467us-gaap_InvestmentBuildingAndBuildingImprovements 297,464,585us-gaap_InvestmentBuildingAndBuildingImprovements
Less accumulated depreciation (59,089,851)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation (60,633,824)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
Property, Plant and Equipment, Net 529,827,919us-gaap_PropertyPlantAndEquipmentNet 398,927,407us-gaap_PropertyPlantAndEquipmentNet
Property under development 229,242us-gaap_DevelopmentInProcess 6,959,174us-gaap_DevelopmentInProcess
Property held for sale 0us-gaap_RealEstateHeldforsale 4,845,504us-gaap_RealEstateHeldforsale
Net Real Estate Investments 530,057,161us-gaap_RealEstateInvestmentPropertyNet 410,732,085us-gaap_RealEstateInvestmentPropertyNet
Cash and Cash Equivalents 5,399,458us-gaap_CashAndCashEquivalentsAtCarryingValue 14,536,881us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts Receivable - Tenants, net of allowance of $35,000 for possible losses at December 31, 2014 and 2013 4,507,735us-gaap_AccountsReceivableNet 3,262,768us-gaap_AccountsReceivableNet
Unamortized Deferred Expenses    
Financing costs, net of accumulated amortization of $2,690,005 and $7,009,538 at December 31, 2014 and 2013, respectively 3,008,280us-gaap_DeferredFinanceCostsNet 2,526,768us-gaap_DeferredFinanceCostsNet
Leasing costs, net of accumulated amortization of $543,957 and $1,425,186 at December 31, 2014 and 2013, respectively 783,335us-gaap_DeferredCostsLeasingNet 758,037us-gaap_DeferredCostsLeasingNet
Lease intangibles, net of accumulated amortization of $5,719,085 and $3,228,506 at December 31, 2014 and 2013, respectively 47,479,602us-gaap_FiniteLivedIntangibleAssetAcquiredInPlaceLeases 27,705,499us-gaap_FiniteLivedIntangibleAssetAcquiredInPlaceLeases
Other Assets 2,345,290us-gaap_OtherAssets 3,219,505us-gaap_OtherAssets
Total Assets 593,580,861us-gaap_Assets 462,741,543us-gaap_Assets
LIABILITIES    
Mortgages Notes Payable 106,762,238us-gaap_SecuredDebt 113,897,759us-gaap_SecuredDebt
Unsecured Term Loans 100,000,000us-gaap_UnsecuredDebt 35,000,000us-gaap_UnsecuredDebt
Unsecured Revolving Credit Facility 15,000,000us-gaap_LineOfCredit 9,500,000us-gaap_LineOfCredit
Dividends and Distributions Payable 8,048,404us-gaap_DividendsPayableCurrentAndNoncurrent 6,243,933us-gaap_DividendsPayableCurrentAndNoncurrent
Deferred Revenue 1,004,023us-gaap_DeferredRevenue 1,467,403us-gaap_DeferredRevenue
Accrued Interest Payable 721,459us-gaap_InterestPayableCurrentAndNoncurrent 470,862us-gaap_InterestPayableCurrentAndNoncurrent
Accounts Payable and Accrued Expense    
Capital expenditures 200,300us-gaap_ConstructionPayableCurrentAndNoncurrent 144,074us-gaap_ConstructionPayableCurrentAndNoncurrent
Operating 2,684,599us-gaap_AccountsPayableCurrentAndNoncurrent 2,851,612us-gaap_AccountsPayableCurrentAndNoncurrent
Interest Rate Swap 2,383,308us-gaap_InterestRateDerivativeLiabilitiesAtFairValue 204,696us-gaap_InterestRateDerivativeLiabilitiesAtFairValue
Deferred Income Taxes 705,000us-gaap_DeferredIncomeTaxLiabilities 705,000us-gaap_DeferredIncomeTaxLiabilities
Tenant Deposits 36,156us-gaap_SecurityDepositLiability 40,647us-gaap_SecurityDepositLiability
Total Liabilities 237,545,487us-gaap_Liabilities 170,525,986us-gaap_Liabilities
STOCKHOLDERS' EQUITY    
Common stock, $.0001 par value, 28,000,000 shares authorized, 17,539,946 and 14,883,314 shares issued and outstanding, respectively 1,754us-gaap_CommonStockValue 1,488us-gaap_CommonStockValue
Excess stock, $.0001 par value, 8,000,000 and 4,000,000 shares authorized, 0 shares issued and outstanding 0adc_ExcessStock 0adc_ExcessStock
Preferred Stock, $.0001 par value per share, 4,000,000 and 150,000 shares authorized, respectively Series A junior participating preferred stock, $.0001 par value, 200,000 and 150,000 shares authorized, 0 shares issued and outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Additional paid-in-capital 388,262,847us-gaap_AdditionalPaidInCapital 312,974,162us-gaap_AdditionalPaidInCapital
Deficit (32,584,612)us-gaap_RetainedEarningsAccumulatedDeficit (23,879,151)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income (loss) (2,059,998)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 471,717us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total Stockholders' Equity - Agree Realty Corporation 353,619,991us-gaap_StockholdersEquity 289,568,216us-gaap_StockholdersEquity
Non-controlling interest 2,415,383us-gaap_MinorityInterest 2,647,341us-gaap_MinorityInterest
Total Stockholders' Equity 356,035,374us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 292,215,557us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total Liabilities and Stockholders' Equity $ 593,580,861us-gaap_LiabilitiesAndStockholdersEquity $ 462,741,543us-gaap_LiabilitiesAndStockholdersEquity