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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Minimum rents $ 64,277,924 $ 49,403,352 $ 40,895,131
Percentage rents 180,067 159,664 36,074
Operating cost reimbursement 5,277,404 3,824,883 2,567,457
Other income 230,471 170,958 19,002
Total Revenues 69,965,866 53,558,857 43,517,664
Operating Expenses      
Real estate taxes 4,004,754 2,765,905 2,035,937
Property operating expenses 1,768,346 1,678,965 1,192,538
Land lease payments 606,134 471,840 427,900
General and administrative 6,988,075 6,629,033 5,952,433
Depreciation and amortization 16,485,874 11,102,702 8,489,207
Impairment charge 0 3,020,000 0
Total Operating Expenses 29,853,183 25,668,445 18,098,015
Income from Operations 40,112,683 27,890,412 25,419,649
Other (Expense) Income      
Interest expense, net (12,305,397) (8,586,980) (6,474,727)
Gain (loss) on sale of assets 12,135,036 (527,743) 0
Loss on debt extinguishment (179,867) 0 0
Income From Continuing Operations 39,762,455 18,775,689 18,944,922
Discontinued Operations      
Gain on sale of assets from discontinued operations 0 122,747 946,347
Income from discontinued operations 0 14,573 298,342
Net Income 39,762,455 18,913,009 20,189,611
Less Net Income Attributable to Non-Controlling Interest 744,600 425,017 515,036
Net Income Attributable to Agree Realty Corporation $ 39,017,855 $ 18,487,992 $ 19,674,575
Basic Earnings Per Share      
Continuing operations (in dollars per share) $ 2.17 $ 1.23 $ 1.41
Discontinued operations (in dollars per share) 0 0.01 0.1
Earnings Per Share, Basic (in dollars per share) 2.17 1.24 1.51
Diluted Earnings Per Share      
Continuing operations (in dollars per share) 2.16 1.23 1.4
Discontinued operations (in dollars per share) 0 0.01 0.1
Earnings Per Share, Diluted (in dollars per share) $ 2.16 $ 1.24 $ 1.50
Other Comprehensive Income      
Net income $ 39,762,455 $ 18,913,009 $ 20,189,611
Other Comprehensive Income (Loss) (1,093,251) (2,583,832) 1,812,535
Total Comprehensive Income 38,669,204 16,329,177 22,002,146
Comprehensive Income Attributable to Non-Controlling Interest (724,127) (373,221) (561,587)
Comprehensive Income Attributable to Agree Realty Corporation $ 37,945,077 $ 15,955,956 $ 21,440,559
Weighted Average Number of Common Shares Outstanding - Basic: (in shares) 18,003,122 14,882,586 13,065,907
Weighted Average Number of Common Shares Outstanding - Diluted: (in shares) 18,065,415 14,966,895 13,157,505