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CONSOLIDATED STATEMENTS OF INCOME (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES        
Minimum rents $ 8,496,867 $ 7,293,066 $ 16,823,699 $ 15,042,879
Percentage rents 7,618 5,351 22,725 21,408
Operating cost reimbursement 703,194 673,426 1,352,366 1,378,235
Development fee income 0 483,274 0 894,693
Other income 27,875 61,060 45,101 83,550
Total Revenues 9,235,554 8,516,177 18,243,891 17,420,765
Operating Expenses        
Real estate taxes 601,652 589,961 1,183,549 1,158,101
Property operating expenses 285,567 344,401 692,202 741,768
Land lease payments 181,075 181,075 362,150 359,150
General and administrative 1,428,581 1,520,974 2,836,175 2,962,920
Depreciation and amortization 1,795,325 1,412,943 3,395,011 2,832,848
Total Operating Expenses 4,292,200 4,049,354 8,469,087 8,054,787
Income from Operations 4,943,354 4,466,823 9,774,804 9,365,978
Other Income (Expense)        
Interest expense, net (1,145,652) (1,058,645) (2,281,698) (2,068,159)
Income Before Discontinued Operations 3,797,702 3,408,178 7,493,106 7,297,819
Gain on sale of assets from discontinued operations 1,159,307 0 2,067,467 0
Income from discontinued operations 132,981 415,155 271,253 1,225,574
Net Income 5,089,990 3,823,333 9,831,826 8,523,393
Less Net Income Attributable to Non-Controlling Interest 150,238 130,210 295,795 290,453
Net Income Attributable to Agree Realty Corporation 4,939,752 3,693,123 9,536,031 8,232,940
Other comprehensive income, net of $(17,108), $(3,733), $(15,487) and $421 attributable to non-controlling interest, respectively (562,828) (105,728) (511,658) 11,919
Total Comprehensive Income Attributable to Agree Realty Corporation $ 4,376,924 $ 3,587,395 $ 9,024,373 $ 8,244,859
Basic Earnings Per Share        
Continuing operations (in dollars per share) $ 0.33 $ 0.34 $ 0.66 $ 0.74
Discontinued operations (in dollars per share) $ 0.11 $ 0.04 $ 0.21 $ 0.12
Earnings Per Share, Basic (in dollars per share) $ 0.44 $ 0.38 $ 0.87 $ 0.86
Diluted Earnings Per Share        
Continuing operations (in dollars per share) $ 0.33 $ 0.34 $ 0.66 $ 0.73
Discontinued operations (in dollars per share) $ 0.11 $ 0.04 $ 0.21 $ 0.12
Earnings Per Share, Diluted (in dollars per share) $ 0.44 $ 0.38 $ 0.87 $ 0.85
Dividends Declared Per Share $ 0.40 $ 0.40 $ 0.80 $ 0.80
Weighted Average Number of Common Shares Outstanding - Basic (in shares) 11,183,299 9,628,874 10,953,463 9,625,072
Weighted Average Number of Common Shares Outstanding - Dilutive (in shares) 11,213,440 9,655,921 10,990,394 9,656,599