CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Revenues
Minimum rents	$ 33,622	$ 27,325	$ 96,494	$ 76,500
Percentage rents	0	0	216	212
Operating cost reimbursement	3,654	2,791	10,615	8,016
Other	30	271	168	299
Total Revenues	37,306	30,387	107,493	85,027
Operating Expenses
Real estate taxes	2,824	2,149	7,825	5,988
Property operating expenses	1,246	931	3,906	2,641
Land lease expense	172	163	511	490
General and administrative	2,947	2,454	8,994	7,299
Depreciation and amortization	11,180	8,228	31,743	22,956
Total Operating Expenses	18,369	13,925	52,979	39,374
Income from Operations	18,937	16,462	54,514	45,653
Other (Expense) Income
Interest expense, net	(6,538)	(4,666)	(17,965)	(13,213)
Gain (loss) on sale of assets, net	3,917	524	10,949	10,045
Income tax expense	(125)	(37)	(391)	(366)
Other (expense) income	53	0	4	0
Provision for impairment	(488)	0	(1,651)	0
Net Income	15,756	12,283	45,460	42,119
Less Net Income Attributable to Non-Controlling Interest	170	118	499	501
Net Income Attributable to Agree Realty Corporation	$ 15,586	$ 12,165	$ 44,961	$ 41,618
Net Income Per Share Attributable to Agree Realty Corporation
Basic	$ 0.49	$ 0.42	$ 1.43	$ 1.53
Diluted	$ 0.48	$ 0.42	$ 1.42	$ 1.52
Other Comprehensive Income
Net income	$ 15,756	$ 12,283	$ 45,460	$ 42,119
Other Comprehensive Income (Loss) - Change in Fair Value of Interest Rate Swaps	454	203	3,166	533
Total Comprehensive Income	16,210	12,486	48,626	42,652
Less Comprehensive Income Attributable to Non-Controlling Interest	174	149	534	509
Comprehensive Income Attributable to Agree Realty Corporation	$ 16,036	$ 12,337	$ 48,092	$ 42,143
Weighted Average Number of Common Shares Outstanding - Basic:	31,758,925	28,573,022	31,131,530	26,988,589
Weighted Average Number of Common Shares Outstanding - Diluted:	32,287,352	28,656,684	31,471,251	27,069,352