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CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2015
Dec. 31, 2014
Real Estate Investments    
Land $ 203,982,919us-gaap_Land $ 195,091,303us-gaap_Land
Buildings 434,288,988us-gaap_InvestmentBuildingAndBuildingImprovements 393,826,467us-gaap_InvestmentBuildingAndBuildingImprovements
Less accumulated depreciation (61,641,135)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation (59,089,851)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
Property, Plant and Equipment, Net 576,630,772us-gaap_PropertyPlantAndEquipmentNet 529,827,919us-gaap_PropertyPlantAndEquipmentNet
Property under development 294,357us-gaap_DevelopmentInProcess 229,242us-gaap_DevelopmentInProcess
Net Real Estate Investments 576,925,129us-gaap_RealEstateInvestmentPropertyNet 530,057,161us-gaap_RealEstateInvestmentPropertyNet
Cash and Cash Equivalents 7,919,234us-gaap_CashAndCashEquivalentsAtCarryingValue 5,399,458us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts Receivable - Tenants, net of allowance of $35,000 for possible losses at March 31, 2015 and December 31, 2014 4,923,134us-gaap_AccountsReceivableNet 4,507,735us-gaap_AccountsReceivableNet
Unamortized Deferred Expenses    
Financing costs, net of accumulated amortization of $2,887,984 and $2,690,005 at March 31, 2015 and December 31, 2014, respectively 2,810,297us-gaap_DeferredFinanceCostsNet 3,008,280us-gaap_DeferredFinanceCostsNet
Leasing costs, net of accumulated amortization of $573,311 and $543,957 at March 31, 2015 and December 31, 2014, respectively 753,985us-gaap_DeferredCostsLeasingNet 783,335us-gaap_DeferredCostsLeasingNet
Lease intangibles, net of accumulated amortization of $6,671,752 and $5,719,085 at March 31, 2015 and December 31, 2014, respectively 56,520,276us-gaap_FiniteLivedIntangibleAssetAcquiredInPlaceLeases 47,479,602us-gaap_FiniteLivedIntangibleAssetAcquiredInPlaceLeases
Other Assets 3,194,707us-gaap_OtherAssets 2,345,290us-gaap_OtherAssets
Total Assets 653,046,762us-gaap_Assets 593,580,861us-gaap_Assets
LIABILITIES    
Mortgages Notes Payable 103,679,433us-gaap_SecuredDebt 106,762,238us-gaap_SecuredDebt
Unsecured Term Loans 100,000,000us-gaap_UnsecuredDebt 100,000,000us-gaap_UnsecuredDebt
Unsecured Revolving Credit Facility 79,500,000us-gaap_LineOfCredit 15,000,000us-gaap_LineOfCredit
Dividends and Distributions Payable 8,065,456us-gaap_DividendsPayableCurrentAndNoncurrent 8,048,404us-gaap_DividendsPayableCurrentAndNoncurrent
Deferred Revenue 888,178us-gaap_DeferredRevenue 1,004,023us-gaap_DeferredRevenue
Accrued Interest Payable 632,079us-gaap_InterestPayableCurrentAndNoncurrent 721,459us-gaap_InterestPayableCurrentAndNoncurrent
Accounts Payable and Accrued Expense    
Capital expenditures 24,452us-gaap_ConstructionPayableCurrentAndNoncurrent 200,300us-gaap_ConstructionPayableCurrentAndNoncurrent
Operating 2,459,037us-gaap_AccountsPayableCurrentAndNoncurrent 2,684,599us-gaap_AccountsPayableCurrentAndNoncurrent
Interest Rate Swap 4,187,527us-gaap_InterestRateDerivativeLiabilitiesAtFairValue 2,383,308us-gaap_InterestRateDerivativeLiabilitiesAtFairValue
Deferred Income Taxes 705,000us-gaap_DeferredIncomeTaxLiabilities 705,000us-gaap_DeferredIncomeTaxLiabilities
Tenant Deposits 36,156us-gaap_SecurityDepositLiability 36,156us-gaap_SecurityDepositLiability
Total Liabilities 300,177,318us-gaap_Liabilities 237,545,487us-gaap_Liabilities
STOCKHOLDERS' EQUITY    
Common stock, $.0001 par value, 28,000,000 shares authorized, 17,602,615 and 17,539,946 shares issued and outstanding, respectively 1,760us-gaap_CommonStockValue 1,754us-gaap_CommonStockValue
Excess stock, $.0001 par value, 8,000,000 shares authorized, no shares issued and outstanding 0adc_ExcessStock 0adc_ExcessStock
Preferred Stock, $.0001 par value per share, 4,000,000 shares authorized Series A junior participating preferred stock, $.0001 par value, 200,000 authorized, no shares issued and outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Additional paid-in-capital 388,692,168us-gaap_AdditionalPaidInCapital 388,262,847us-gaap_AdditionalPaidInCapital
Deficit (34,137,482)us-gaap_RetainedEarningsAccumulatedDeficit (32,584,612)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive (loss) (4,032,849)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (2,059,998)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Total Stockholders' Equity - Agree Realty Corporation 350,523,597us-gaap_StockholdersEquity 353,619,991us-gaap_StockholdersEquity
Non-controlling interest 2,345,847us-gaap_MinorityInterest 2,415,383us-gaap_MinorityInterest
Total Stockholders' Equity 352,869,444us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 356,035,374us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total Liabilities and Stockholders' Equity $ 653,046,762us-gaap_LiabilitiesAndStockholdersEquity $ 593,580,861us-gaap_LiabilitiesAndStockholdersEquity