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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Land $ 148,807,836 $ 134,740,784
Buildings 275,780,500 240,204,708
Less accumulated depreciation (61,865,334) (58,508,881)
Property, Plant and Equipment, Net 362,723,002 316,436,611
Property under development 12,473,953 18,980,779
Property held for sale 0 4,537,752
Net Real Estate Investments 375,196,955 339,955,142
Cash and Cash Equivalents 1,225,201 1,270,027
Accounts Receivable - Tenants, net of allowance of $35,000 for possible losses at June 30, 2013 and December 31, 2012 1,786,473 2,160,055
Unamortized Deferred Expenses    
Financing costs, net of accumulated amortization of $6,630,418 and $6,273,113 at June 30, 2013 and December 31, 2012, respectively 2,538,290 2,864,314
Leasing costs, net of accumulated amortization of $1,367,345 and $1,312,085 at June 30, 2013 and December 31, 2012, respectively 632,568 687,828
Lease intangibles, net of accumulated amortization of $2,392,654 and $1,594,815 at June 30, 2013 and December 31, 2012, respectively 26,926,820 21,342,122
Other Assets 2,546,437 1,813,344
Total Assets 410,852,744 370,092,832
LIABILITIES    
Mortgages Payable 115,668,239 117,376,142
Note Payable 40,639,930 43,530,005
Dividends and Distributions Payable 5,570,748 4,710,446
Deferred Revenue 1,699,093 1,930,783
Accrued Interest Payable 420,598 335,416
Accounts Payable and Accrued Expense    
Capital expenditures 0 122,080
Operating 1,726,407 2,015,367
Interest Rate Swap 331,149 1,337,998
Deferred Income Taxes 705,000 705,000
Tenant Deposits 56,711 64,461
Total Liabilities 166,817,875 172,127,698
STOCKHOLDERS' EQUITY    
Common stock, $.0001 par value per share, 28,000,000 and 15,850,000 shares authorized,13,237,404 and 11,436,044 shares issued and outstanding, respectively 1,324 1,144
Excess stock, $.0001 par value per share, 8,000,000 and 4,000,000 shares authorized, no shares issued and outstanding, respectively 0 0
Additional paid-in-capital 263,496,063 217,768,918
Deficit (22,359,596) (21,166,509)
Accumulated other comprehensive income (loss) 227,784 (1,294,267)
Total Stockholders' Equity - Agree Realty Corporation 241,365,575 195,309,286
Non-controlling interest 2,669,293 2,655,848
Total Stockholders' Equity 244,034,869 197,965,134
Total Liabilities and Stockholders' Equity 410,852,744 370,092,832
Preferred Stock [Member]
    
STOCKHOLDERS' EQUITY    
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 per share, 150,000 shares authorized, no shares issued and outstanding      
Series A Junior Participating Preferred Stock [Member]
    
STOCKHOLDERS' EQUITY    
Preferred Stock, $.0001 par value per share, 4,000,000 and 150,000 shares authorized, respectively 0 0
Series A junior participating preferred stock, $.0001 par value per share, 150,000 shares authorized, no shares issued and outstanding $ 0 $ 0