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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Minimum rents $ 30,743 $ 24,014
Percentage rents 216 212
Operating cost reimbursement 3,564 2,344
Other 46 (10)
Total Revenues 34,569 26,560
Operating Expenses    
Real estate taxes 2,377 1,808
Property operating expenses 1,516 797
Land lease expense 163 163
General and administrative 2,862 2,481
Depreciation and amortization 10,004 7,025
Total Operating Expenses 16,922 12,274
Income from Operations 17,647 14,286
Other (Expense) Income    
Interest expense, net (5,465) (4,138)
Gain (loss) on sale of assets, net 4,598 4,742
Income tax expense (50) (122)
Other expense (94) 0
Net Income 16,636 14,768
Less Net Income Attributable to Non-Controlling Interest 185 193
Net Income Attributable to Agree Realty Corporation $ 16,451 $ 14,575
Net Income Per Share Attributable to Agree Realty Corporation    
Basic $ 0.53 $ 0.56
Diluted $ 0.53 $ 0.56
Other Comprehensive Income    
Net income $ 16,636 $ 14,768
Other Comprehensive Income (Loss) - Change in Fair Value of Interest Rate Swaps 1,920 741
Total Comprehensive Income 18,556 15,509
Less Comprehensive Income Attributable to Non-Controlling Interest 206 203
Comprehensive Income Attributable to Agree Realty Corporation $ 18,350 $ 15,306
Weighted Average Number of Common Shares Outstanding - Basic: 30,801,471 25,953,097
Weighted Average Number of Common Shares Outstanding - Diluted: 30,851,058 26,009,120