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CONSOLIDATED STATEMENTS OF INCOME (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES      
Minimum rents $ 30,626,406 $ 27,176,492 $ 25,689,123
Percentage rents 34,404 34,518 15,366
Operating cost reimbursement 2,408,126 2,486,429 2,506,974
Development fee income 894,693 589,541 409,643
Other income 150,436 97,583 30,462
Total Revenues 34,114,065 30,384,563 28,651,568
Operating Expenses      
Real estate taxes 2,331,174 1,872,418 1,891,022
Property operating expenses 1,418,536 1,344,353 1,466,510
Land lease payments 721,300 476,531 387,300
General and administrative 5,661,912 5,003,384 4,559,005
Depreciation and amortization 5,934,553 4,851,165 4,523,366
Impairment charge 1,350,000 6,160,000 0
Total Operating Expenses 17,417,475 19,707,851 12,827,203
Income from Operations 16,696,590 10,676,712 15,824,365
Other Income (Expense)      
Interest expense, net (3,956,818) (3,460,998) (3,309,862)
Gain on extinguishment of debt 2,360,231 0 0
Income Before Discontinued Operations 15,100,003 7,215,714 12,514,503
Gain on sale of assets from discontinued operations 110,212 4,737,968 0
Income (Loss) from discontinued operations (5,320,678) 3,674,152 5,479,533
Net Income 9,889,537 15,627,834 17,994,036
Less Net Income Attributable to Non- Controlling Interest 338,395 561,039 950,046
Net Income Attributable to Agree Realty Corporation 9,551,142 15,066,795 17,043,990
Other Comprehensive Income (Loss), Net of ($5,584, ($24,529) and ($3,947)) Attributable to Non-Controlling Interest 158,167 (693,929) (70,806)
Total Comprehensive Income Attributable to Agree Realty Corporation $ 9,709,309 $ 14,372,866 $ 16,973,184
Basic Earnings Per Share (Note 2)      
Continuing operations (in dollars per share) $ 1.51 $ 0.76 $ 1.50
Discontinued operations (in dollars per share) $ (0.52) $ 0.89 $ 0.65
Earnings Per Share, Basic (in dollars per share) $ 0.99 $ 1.65 $ 2.15
Dilutive Earnings Per Share (Note 2)      
Continuing operations (in dollars per share) $ 1.51 $ 0.76 $ 1.49
Discontinued operations (in dollars per share) $ (0.52) $ 0.88 $ 0.65
Earnings Per Share, Diluted (in dollars per share) $ 0.99 $ 1.64 $ 2.14