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Earnings Per Share
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
3.
Earnings Per Share
Earnings per share has been computed by dividing the net income attributable to Agree Realty Corporation by the weighted average number of common shares outstanding.
 
The following is a reconciliation of the denominator of the basic net earnings per common share computation to the denominator of the diluted net earnings per common share computation for each of the periods presented:
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
Weighted average number of common shares outstanding
 
 
13,239,947
 
 
11,436,044
 
 
13,128,981
 
 
11,283,037
 
Unvested restricted stock
 
 
(256,173)
 
 
(250,180)
 
 
(256,173)
 
 
(250,180)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding used in basic earnings per share
 
 
12,983,774
 
 
11,185,864
 
 
12,872,808
 
 
11,032,857
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding used in basic earnings per share
 
 
12,983,774
 
 
11,185,864
 
 
12,872,808
 
 
11,032,857
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Restricted stock
 
 
79,414
 
 
53,066
 
 
80,415
 
 
49,873
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding used in diluted earnings per share
 
 
13,063,187
 
 
11,238,930
 
 
12,953,224
 
 
11,082,730