7Baggers

Agree Realty Quarterly Income Statements Chart

Quarterly
 | 
Annual
 
 Operating Profit  
 Net Income  
20190630 20190930 20191231 20200331 20200630 20200930 20210331 20210630 20210930 20220331 20220630 20220930 20230331 20230630 20230930 20240331 20240630 20240930 20250331 20250630 011.7223.4335.1546.8658.5870.2982.01Milllion

Agree Realty Quarterly Income Statements Table

Quarterly
 | 
Annual
 
Unit: USD2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2013-12-31 2013-09-30 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-06-30 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 2004-06-30 2004-03-31 2003-12-31 
                                                                          
  revenues                                                                        
  rental income175,397,000 169,113,000 154,292,000 152,424,000 149,422,000 136,774,000 129,876,000 126,609,000 110,031,000 104,793,000 98,312,000 87,469,000 82,494,000 77,760,000 63,701,000 57,476,000 55,783,000 52,039,000 48,020,000 44,875,000 42,345,000                                                    
  other130,000 47,000 40,000 151,000 31,000 38,000 24,000 9,000 34,000 83,000 30,000 68,000 52,000 69,000 109,000 59,000 26,000 97,000 55,000 45,000 3,000 65,000 30,000 92,000 46,000                                                
  total revenues175,527,000 169,160,000 154,332,000 152,575,000 149,453,000 136,812,000 129,900,000 126,618,000 110,065,000 104,876,000 98,342,000 87,537,000 82,546,000 77,829,000 63,810,000 57,535,000 55,809,000 52,136,000 48,075,000 44,920,000 42,348,000 40,702,000 37,306,000 35,711,000 34,569,000 31,528,000 30,387,000 28,080,000 26,560,000 25,298,000 24,161,000 21,843,820 20,223,858 19,153,547 17,849,812 17,219,451 15,743,056 14,322,604 13,757,425 12,903,755 10,775,826 11,586,693 8,810,074 8,759,070 10,245,640  9,108,756 8,871,503 9,060,712  8,789,101  8,449,704 8,377,526 8,463,492  8,113,960 16,841,018 8,272,498 8,353,798 24,553,828 16,439,868 7,824,334 8,328,110 23,250,787 16,089,335 7,188,226 7,935,259 21,993,531 14,503,654 6,693,450  
  ​                                                                        
  operating expenses                                                                        
  real estate taxes12,833,000 11,513,000 11,935,000 10,721,000 10,701,000 10,124,000 9,874,000 9,432,000 8,526,000 7,979,000 7,611,000 6,957,000 6,158,000 5,696,000 5,516,000 4,840,000 4,702,000 4,504,000 3,674,000 3,720,000 3,622,000 2,896,000 2,824,000 2,624,000 2,377,000 2,216,000 2,149,000 2,031,000 1,808,000 1,424,000 1,473,000 1,438,089 1,122,664 1,662,789 715,685 863,357 762,923 555,283 773,647 739,743 350,664 660,053 455,382 507,303 614,379  472,083 488,520 478,941  450,864  467,714 467,147 457,361  449,823 924,508 440,276 469,384 1,351,988 902,165 440,428 433,205 1,315,800 930,913 452,311 425,224 1,381,100 927,659 467,585  
  property operating expenses8,416,000 8,381,000 6,015,000 6,487,000 7,373,000 5,518,000 5,821,000 6,782,000 4,557,000 4,541,000 4,477,000 3,189,000 3,214,000 3,541,000 2,108,000 1,860,000 2,335,000 1,917,000 1,598,000 1,496,000 1,739,000 1,739,000 1,246,000 1,238,000 1,516,000 969,000 931,000 915,000 797,000 815,000 169,000 928,388 573,026 356,953 424,296 415,707 571,390 384,334 337,811 458,294 207,130 326,037 396,900 330,036 421,208  410,088 332,468 457,787  359,268  380,541 436,162 510,447  389,237 946,609 547,128 319,683 1,317,509 928,272 620,784 577,229 1,434,459 1,164,991 685,000 474,952 1,505,311 1,099,085 604,832  
  land lease expense550,000 485,000 421,000 415,000 415,000 411,000 410,000 430,000 404,000 407,000 402,000 400,000 389,000 346,000 325,000 325,000 328,000 320,000 354,000 372,000 195,000 134,000 172,000 176,000 163,000                                                
  general and administrative11,332,000 10,771,000 9,114,000 9,707,000 9,515,000 8,844,000 8,420,000 8,821,000 6,992,000 7,651,000 7,622,000 5,687,000 6,241,000 6,879,000 4,756,000 4,587,000 4,658,000 3,820,000 3,832,000 3,880,000 4,035,000 3,171,000 2,947,000 3,185,000 2,862,000 2,284,000 2,491,000 2,569,000 2,603,000 1,908,000 2,020,000 2,042,089 2,045,026 1,807,548 1,768,895 1,744,026 1,667,600 1,672,136 1,748,209 1,616,906 1,283,942 1,587,617 1,150,538 1,202,030 1,441,946  1,083,163 998,428 1,251,290  1,130,155  965,942 975,399 996,263  1,005,902 1,971,662 1,050,957 940,103 3,078,733 2,072,831 919,771 1,526,072 2,665,207 1,753,692 632,947 865,173 1,983,241 1,296,420 556,597  
  depreciation and amortization58,939,000 55,755,000 51,504,000 50,454,000 48,463,000 45,625,000 42,750,000 40,646,000 35,157,000 31,950,000 28,561,000 24,488,000 23,188,000 21,489,000 17,327,000 15,607,000 14,132,000 13,106,000 11,897,000 10,836,000 9,864,000 11,955,000 11,180,000 10,559,000 10,004,000 8,796,000 8,228,000 7,704,000 7,025,000 6,506,000 6,151,000 5,664,701 5,085,250 3,289,210 5,525,901 4,117,182 3,553,581 3,142,890 2,855,066 2,591,157 2,070,897 2,176,179 1,437,439 1,408,639 1,627,814  1,392,621 1,385,017 1,394,498  1,347,452  1,259,462 1,262,463 1,234,186  1,212,660 2,496,649 1,202,313 1,232,848 3,618,495 2,405,835 1,138,939 1,175,896 3,461,429 2,387,969 1,068,944 1,189,378 3,247,656 2,169,995 1,006,219  
  benefit from impairment2,961,000 4,331,000 2,694,000  4,530,000 3,195,000 1,315,000    1,015,000    2,868,000 1,128,000    1,193,000 416,000 3,970,000 -488,000 -1,163,000                                                 
  total operating expenses95,031,000 91,236,000 81,683,000 77,784,000 80,997,000 73,717,000 68,590,000 66,111,000 55,636,000 52,528,000 49,688,000 40,721,000 39,190,000 37,951,000 32,900,000 28,347,000 26,155,000 23,667,000 21,355,000 21,497,000 19,871,000 22,214,000 18,369,000 17,782,000 16,922,000 14,428,000 13,962,000 13,382,000 12,396,000 10,816,000 9,976,000 10,236,542 8,989,242 7,279,776 8,608,490 7,277,554 6,687,357 5,886,606 6,060,060 8,313,375 3,569,608 5,306,861 3,537,084 3,544,833 4,332,508  3,572,755 3,419,233 3,797,316  3,458,789  3,242,209 3,309,721 3,368,307  3,253,087 6,678,028 3,436,139 3,135,454 9,953,120 6,700,033 3,315,387 3,910,034 9,463,290 6,628,495 3,019,442 3,151,467 8,658,028 5,862,639 2,819,973  
  gain on sale of assets1,510,000 772,000 1,850,000 7,156,000 2,096,000 -20,000 319,000  3,000,000 17,000 2,310,000 3,470,000 6,767,000 2,945,000 970,000 4,952,000 1,645,000 4,333,000 2,597,000 2,949,000 3,427,000 231,000 3,917,000 2,434,000 4,598,000 4,148,000 524,000 4,780,000 4,742,000 2,831,000 4,415,000 2,717,903  465 8,599,261 3,456,206 79,104                                    
  gain on involuntary conversion   20,000                                                                     
  income from operations82,006,000 78,696,000 74,443,000 81,967,000 70,497,000 63,075,000 61,629,000 60,507,000 57,314,000 52,340,000 50,939,000 50,286,000 43,356,000 39,878,000 30,910,000 29,188,000 29,654,000 28,469,000 26,720,000 23,423,000 22,477,000 18,488,000 18,937,000 17,929,000 17,647,000 17,100,000 16,425,000 14,698,000 14,164,000 14,482,000 14,185,000 11,607,278 11,234,616 11,873,771 9,241,322 9,941,897 9,055,699 8,435,998 7,697,365 4,590,380 7,206,218 6,279,832 5,272,990 5,214,237 5,913,132  5,536,001 5,452,270 5,263,396  5,330,312  5,207,495 5,067,805 5,095,185  4,860,873 10,162,990               
  yoy16.33% 24.77% 20.79% 35.47% 23.00% 20.51% 20.99% 20.33% 32.19% 31.25% 64.80% 72.28% 46.21% 40.08% 15.68% 24.61% 31.93% 53.99% 41.10% 30.64% 27.37% 8.12% 15.29% 21.98% 24.59% 18.08% 15.79% 26.63% 26.07% 21.97% 53.50% 16.75% 24.06% 40.75% 20.06% 116.58% 25.67% 34.33% 45.98% -11.96% 21.87%  -4.75% -4.37% 12.34%  3.86%  1.07%  4.61%  7.13% -50.13%                   
  qoq4.21% 5.71% -9.18% 16.27% 11.77% 2.35% 1.85% 5.57% 9.50% 2.75% 1.30% 15.98% 8.72% 29.01% 5.90% -1.57% 4.16% 6.55% 14.08% 4.21% 21.58% -2.37% 5.62% 1.60% 3.20% 4.11% 11.75% 3.77% -2.20% 2.09% 22.21% 3.32% -5.38% 28.49% -7.05% 9.79% 7.35% 9.60% 67.68% -36.30% 14.75% 19.09% 1.13% -11.82%   1.54% 3.59%     2.76% -0.54%   -52.17%                
  operating margin %                                                                        
  other income46,000 41,000 104,000 366,000 117,000 94,000 43,000 48,000 132,000    -14,000   23,000       53,000 45,000 -94,000 48,000 271,000 39,000 -10,000 50,000 30,000 -8,715 -39,582 115,233 105,703 8,326 1,209 3,120 114,462 24,334 17,449 1,553 28,093 16,832 22,490  7,703 8,772 3,761  1,657  24 6,518 6,103  8,545 12,621 14,359 6,912 37,026 28,481  23,779 17,636 16,635 1,579 460 32,256 1,842 1,726  
  interest expense-32,274,000 -30,764,000 -28,942,000 -26,416,000 -24,451,000 -20,803,000 -19,948,000 -17,998,000 -17,149,000 -15,512,000 -13,931,000 -13,066,000 -12,549,000 -11,653,000 -10,158,000 -8,479,000 -9,669,000 -9,731,000 -8,352,000 -7,455,000 -7,558,000 -6,907,000 -6,538,000 -5,961,000 -5,465,000 -4,924,000 -4,666,000 -4,411,000 -4,138,000 -4,107,000 -4,091,000 -3,496,855 -3,648,291 -3,947,054 -2,964,319 -2,933,269 -2,460,755 -2,478,904 -2,439,105 -1,874,510 -1,875,471 -1,634,051 -1,097,823 -1,124,128 -1,304,889  -1,145,605 -1,160,791 -1,125,624  -1,238,977  -1,280,051 -1,151,331 -1,176,639  -1,156,949 -2,327,970 -1,153,567 -1,175,607 -3,449,164 -2,292,215 -1,054,338 -1,102,127 -3,056,760 -2,027,884 -1,103,723 -1,167,755 -3,338,957 -2,262,515 -1,584,105  
  income and other tax expense-425,000 -825,000 -1,077,000 -1,004,000 -1,149,000                                                                    
  net income49,353,000 47,148,000 44,528,000 54,913,000 45,014,000 41,657,000 41,015,000 41,774,000 39,577,000 36,130,000 36,289,000 36,830,000 22,461,000 30,278,000 21,416,000 25,424,000 21,370,000 22,743,000 20,781,000 18,722,000 18,516,000 13,338,000 15,756,000 13,068,000 16,636,000 16,671,000 12,283,000 15,067,000 14,768,000 12,906,000 14,476,000 10,828,326 7,586,325 7,927,182 14,876,264 10,464,834 6,494,181 5,722,003 4,965,608 2,715,870 5,622,075 4,645,781 4,540,568 4,431,459 4,700,059  4,606,607 4,507,690 4,317,065  4,091,335  3,613,244 3,603,152 3,605,059  3,406,127 7,208,211 3,386,694 3,719,212 10,254,956 6,848,829 3,301,891 5,773,089 10,274,487 6,820,461 2,895,716 3,275,046 9,847,974 5,952,625 2,243,990  
  yoy9.64% 13.18% 8.57% 31.45% 13.74% 15.30% 13.02% 13.42% 76.20% 19.33% 69.45% 44.86% 5.11% 33.13% 3.06% 35.80% 15.41% 70.51% 31.89% 43.27% 11.30% -19.99% 28.27% -13.27% 12.65% 29.17% -15.15% 39.14% 94.67% 62.81% -2.69% 3.47% 16.82% 38.54% 199.59% 285.32% 15.51% 23.17% 9.36% -38.71% 19.62%  -1.43% -1.69% 8.87%  12.59%  19.48%  13.49%  6.08% -50.01% 6.45%  -66.79% 5.25% 2.57% -35.58% -0.19% 0.42% 14.03% 76.28% 4.33% 14.58% 29.04%      
  qoq4.68% 5.88% -18.91% 21.99% 8.06% 1.57% -1.82% 5.55% 9.54% -0.44% -1.47% 63.97% -25.82% 41.38% -15.76% 18.97% -6.04% 9.44% 11.00% 1.11% 38.82% -15.35% 20.57% -21.45% -0.21% 35.72% -18.48% 2.02% 14.43% -10.85% 33.69% 42.73% -4.30% -46.71% 42.15% 61.14% 13.49% 15.23% 82.84% -51.69% 21.01% 2.32% 2.46% -5.71%   2.19% 4.42%     0.28% -0.05%   -52.75% 112.84% -8.94% -63.73% 49.73% 107.42% -42.81% -43.81% 50.64% 135.54% -11.58% -66.74% 65.44% 165.27%   
  net income margin %                                                                        
  less net income attributable to non-controlling interest155,000 152,000 153,000 189,000 155,000 135,000 147,000 160,000 152,000 157,000 176,000 167,000 114,000 166,000 136,000 166,000 141,000 184,000 170,000 158,000 169,000 127,000 170,000 145,000 185,000 177,000 118,000 191,000 193,000 173,000 213,000 166,996 125,492 136,746 280,801 201,237 125,816 125,441 112,763    -148,960 -140,061 -160,243  -189,412 -268,113 -306,419  -324,877                      
  net income attributable to agree realty corporation49,198,000 46,996,000 44,375,000 54,724,000 44,859,000 41,522,000 40,868,000 41,614,000     22,347,000 30,112,000 21,280,000 25,258,000 21,229,000 22,559,000 20,611,000 18,564,000 18,347,000 13,211,000 15,586,000 12,923,000 16,451,000 16,494,000 12,165,000 14,876,000 14,575,000 12,733,000 14,263,000 10,661,330 7,460,833 7,790,436 14,595,463 10,263,597 6,368,365 5,596,562 4,852,845  5,485,730 4,528,162 4,391,608 4,291,398 4,539,816  4,417,195 4,239,577 4,010,646  3,766,458                      
  less series a preferred stock dividends1,859,000 1,859,000 1,859,000 1,859,000 1,859,000 1,859,000 1,859,000 1,859,000 1,859,000 1,859,000 1,859,000 289,000                                                             
  net income attributable to common stockholders47,339,000 45,137,000 42,516,000 52,865,000 43,000,000 39,663,000 39,009,000 39,755,000 37,566,000 34,114,000 34,254,000 36,374,000                                                             
  net income per share                                                                        
  basic0.43 0.42 0.42 0.53 0.43 0.41 0.42 0.44 0.47 0.45 0.48 0.52 0.34 0.48 0.39 0.47 0.47 0.53 0.49 0.45 0.49 0.37 0.49 0.42 0.53 0.56 0.42 0.56 0.56 0.368 0.61 0.48 0.37                                        
  diluted0.43 0.42 0.42 0.52 0.43 0.41 0.42 0.44 0.46 0.45 0.48 0.52 0.34 0.48 0.39 0.47 0.46 0.52 0.48 0.45 0.48 0.36 0.48 0.41 0.53 0.56 0.42 0.56 0.56 0.365 0.61 0.48 0.36                                        
  other comprehensive income                             5,854 1,378 -1,677,250  1,835,586 -2,538,187 1,621,177  -2,000,725 727,135 -850,216 800,321 -549,979                               
  amortization of interest rate swaps-880 -736 -739 -675 -629 -631 -630 -629                                                                 
  change in fair value and settlement of interest rate swaps3,435 -10,031 -11,760 4,172 11,543 8,324 3,341  -7,181 16,481 20,581                                                              
  total comprehensive income51,908 36,381 32,029 58,410 55,928 49,350 43,726 41,145 32,123 52,693 56,952 40,212 24,978 55,924 22,836 23,163 -11,672 28,571 13,363 14,928 15,111 10,226 16,210 13,860 18,556 18,073 12,486 14,656 15,509 18,760 15,854 9,151,076 4,650,649 9,762,768 12,338,077 12,086,011 4,482,353 3,721,278 5,692,743 1,865,654 6,422,396 4,095,802                               
  less comprehensive income attributable to non-controlling interest163 117 110 201 193 162 157 158 121 233 276 185 128 304 152 151 -109 244 109 125 138 97 174 154 206                                                
  comprehensive income attributable to agree realty corporation51,745 36,264 31,919 58,209 55,735 49,188 43,569 40,987 32,002 52,460 56,676 40,027 24,850 55,620 22,684 23,012 -11,563 28,327 13,254 14,803 14,973 10,129 16,036 13,706 18,350 10,535.75 12,337 14,467 15,306 18,513 15,625 9,011,275 4,573,718 9,590,755 12,107,004 11,853,984 4,395,521 3,634,396 5,563,474  6,265,563 3,992,262                               
  weighted-average number of common shares outstanding - basic109,758,046 107,048,557 100,383,207 100,349,943 100,284,588 97,255,143 93,053,870 90,028,255 79,701,136 75,037,920 71,228,930 69,102,500 64,835,984 62,828,897 53,721,956 52,726,230 45,436,191 40,577,346 41,832,457 40,612,372 37,487,851           22,185,525 20,438,729  18,008,592 17,539,358 17,369,832 14,882,586 14,713,740 14,714,357  12,983,774                             4,479,345  
  weighted-average number of common shares outstanding - diluted110,377,221 107,547,193 101,715,311 100,454,703 100,336,600 97,349,473 93,134,385 90,548,172 80,589,446 75,570,089 71,336,103 69,591,848 65,185,604 62,940,360 54,555,672 53,266,740 45,565,054 41,223,614 42,318,042 41,141,659 38,320,307                                                    
  loss on involuntary conversion  -56,000  -55,000                                                                    
  income tax benefit     -709,000 -709,000 -783,000     -485,000 -1,009,000 -306,000 -260,000     170,000                                                    
  loss on early extinguishment of term loans and settlement of related interest rate swaps                                                                        
  gain on early extinguishment of term loans and settlement of related interest rate swaps            -14,614,000                                                            
  realized gain on settlement of interest rate swaps            287 500  -17 -17 -14                                                       
  other comprehensive income - change in fair value and settlement of interest rate swaps           3,300 2,230 25,146 1,420     -3,794                                                     
  gain on involuntary conversion of assets             117,000                                                           
  changes in fair value of interest rate swaps               -2,244                                                         
  income tax expense                     -125,000 -125,000 -216,000 -50,000                                                
  other comprehensive income - change in fair value of interest rate swaps                    -3,405 -3,112 454 792 1,920                                                
  minimum rents                     36,320,000 33,622,000 32,129,000 30,743,000 28,574,000 27,325,000 25,160,000 24,014,000 23,349,000 22,279,000 19,911,907 18,491,035 17,016,109 16,735,634 15,972,170 14,554,011 13,461,551 12,628,111 11,790,632 10,313,454 10,683,883 8,137,049 7,950,230 9,056,361  8,344,991 8,179,987 8,331,333  8,133,119  7,754,457 7,642,554 7,687,360  7,452,909 15,329,914 7,532,443 7,547,781 22,415,582 14,962,673 7,052,209 7,290,046 21,096,534 14,468,716 6,316,111 7,025,186 19,752,838 12,921,273 5,931,180  
  percentage rents                     45,000   216,000 32,000   212,000  7,000 6,509 183,345 -8,681 37,920 141,017 9,811 12,788 4,695 142,181 16,013  7,843 12,534 16,057   782 6,995    13,778 2,347 13,679  13,606 16,026 14,071 12,659 40,891 27,285 18,704 28,772 39,299 30,524 24,761 34,340 28,691 40,872 41,409  
  operating cost reimbursement                     4,272,000 3,654,000 3,490,000 3,564,000 2,736,000 2,791,000 2,881,000 2,344,000 1,899,000 1,845,000 1,934,119 1,589,060 2,030,886 970,555 1,097,938 1,178,025 845,145 1,010,157 946,608 428,910 901,257                               
  weighted-average number of common shares outstanding - basic:                     32,070,255 31,758,925 30,821,185 30,801,471 27,625,102 28,573,022 26,389,703 25,953,097 22,868,736 23,454,083   18,003,122                                       
  weighted-average number of common shares outstanding - diluted:                     32,401,122 32,287,352 31,222,221 30,851,058 27,700,347 28,656,684 26,457,340 26,009,120 22,959,799 23,563,331 22,265,139 20,480,140 18,065,415 18,064,318 17,587,052 17,416,359 14,966,895                                   
  land lease payments                         122,500 163,000 163,000 163,000 163,000 163,000 163,275 163,276 163,276 173,713 137,282 131,863 131,963 125,327 107,275 106,975 106,975 96,825 96,825 227,161  214,800 214,800 214,800  171,050  168,550 168,550 170,050  195,465 338,600 195,465 173,436 586,395 390,930 195,465 197,632 586,395 390,930 180,240 196,740 540,720 369,480 184,740  
  loss on debt extinguishment                             -300,000 -33,000      -179,867                                    
  other comprehensive income - gain on interest rate swaps                         1,402 203 -411 741                                            
  comprehensive income attributable to non-controlling interest                         -127.25 -149 -189 -203 -247 -229 -139,801 -76,931 -172,013 -231,073 -232,027 -86,832 -86,882 -129,269  -156,833 -103,540                               
  other comprehensive loss                                -2,935,676    -2,011,828                                    
  impairment charge                                      220,000 2,800,000 112,500 450,000                               
  income from continuing operations                                 7,927,182 14,876,264 10,464,834 6,494,181 5,722,003 4,965,608 2,715,870 5,330,747 4,645,781                 4,836,359 5,218,344 14,600,708 9,739,835 4,508,947 4,418,076 13,787,497 9,460,840 4,168,784 4,783,792 13,335,503 8,641,015 3,873,477  
  discontinued operations                                        0.03                      0.02 0.36 0.06  0.005      
  gain on sale of assets from discontinued operations                                                                        
  income from discontinued operations                                        1,753.5  365,401 344,702 91,816  216,211 216,211 179,293                        
  basic earnings per share                                                                        
  continuing operations                                 0.4 0.81 0.59 0.37 0.36 0.33 0.18 0.38 0.35                               
  diluted earnings per share                                                                        
  loss on sale of assets                                     -235,091 -292,652                                  
  total discontinued operations                                     34,330   238,340.25                                
  weighted-average number of common shares outstanding - dilutive                                      14,782,051 14,775,596  13,063,187                             4,479,345  
  less net income attributable to                                                                        
  non-controlling interest                                       61,642 94,672.75 117,619                               
  net income attributable to                                                                        
  agree realty corporation                                       2,654,228                                 
  comprehensive income attributable                                                                        
  to non-controlling interest                                       -42,342                                 
  comprehensive income attributable to                                                                        
  operating cost reimbursements                                          590,089 640,579 739,313  597,632 681,962 718,623  654,325  681,445 726,107 756,350  638,900 1,482,457 711,625 515,082.25 2,060,329 1,421,429 753,421 524,329.5 2,097,318 1,573,460 845,775 544,936.5 2,179,746 1,539,667 719,135  
  development fee income                                          47,000 138,895 411,419  158,430                          
  gain on extinguishment of debt                                                                        
  income before discontinued operations                                          4,175,167 4,090,109 4,608,243  4,390,396 4,291,479 4,137,772           3,719,212 10,254,956 6,848,829 3,164,076 3,049,263 9,858,490 6,820,461 2,863,834 3,275,046 9,250,259 5,952,625 2,093,452  
  gain on sale of asset from discontinued operations                                           -3,352                             
  earnings per share – basic                                          0.46 0.46 0.47  0.55 0.54 0.52  0.49       0.94 0.45              
  earnings per share – dilutive                                          0.46 0.46 0.47  0.55 0.54 0.52  0.49       0.94 0.45              
  dividend declared per share                                          0.51 0.51 0.4  0.51 0.5 0.5  0.5  0.49 0.49 0.49  0.49                
  weighted-average number of common shares outstanding – basic                                          9,580,928 9,317,829 9,619,228  8,040,461 7,879,183 7,774,640  7,676,258       7,643,026 7,605,496      7,559,973  6,466,971  6,467,310 6,466,971   
  weighted-average number of common shares outstanding – dilutive                                          9,618,240 9,349,696 9,648,462  8,063,717 7,894,349 7,781,740  7,683,039       7,692,133 7,652,469      7,560,318    6,473,919    
  income before minority interest                                                    3,927,444 3,916,474 3,918,546  3,703,924 7,835,020 3,682,792              
  minority interest                                                    -314,200 -313,322 -313,487  -297,797 -626,809 -296,098 2,116,701 -896,588 598,791 -290,533 2,023,974 -878,644 612,495 298,178 2,267,239 -963,124 619,778 314,751  
  earnings per share — basic                                                    0.47 0.47 0.47  0.45   0.338 1.35 0.9 0.45          
  earnings per share — dilutive                                                    0.47 0.47 0.47  0.44   0.335 1.34 0.89           
  weighted-average number of common shares outstanding — basic                                                    7,643,708 7,643,026 7,643,026  7,607,808    7,603,837 7,605,496 7,331,526   7,503,744       
  weighted-average number of common shares outstanding — dilutive                                                    7,692,118 7,691,475 7,685,616  7,672,549    7,666,366 7,660,300 7,333,083   7,504,333    6,473,740   
  income before minority interest and discontinued operations                                                           4,042,737 11,151,544 7,447,620 3,454,609 3,315,949 10,737,134 7,432,956 3,162,012 3,616,037 10,213,383 6,572,403 2,408,203  
  income from discontinued operations, net of minority interest of 37,060                                                                        
  cash dividends declared per common share                                                           0.368 1.47 0.98           
  income from discontinued operations, net of minority interest of 24,943                                                                        
  income from discontinued operations, net of minority interest of 12,655 in 2005                                                              137,815          
  basic and diluted earnings per share                                                                        
  earnings per share — diluted                                                              0.45          
  gain on sale of asset                                                                6,397        
  equity in net income of unconsolidated entities                                                                  96,951  216,837 193,903 118,831  
  total other income                                                               -1,102,127 -3,050,363 -2,027,884 -1,006,772 -1,167,755 -3,122,120 -2,068,612 -1,465,274  
  gain on sale of asset from discontinued operations net of minority interest of 54,427                                                                   130,685.25 522,741    
  income from discontinued operations, net of minority interest of 37,060 and 41,718                                                               103,999.25 415,997        
  earnings per share                                                               0.34 1.36 0.91 0.45      
  income from discontinued operations, net of minority interest of 6,638                                                                        
  income from discontinued operations, net of minority interest of 3,319                                                                  31,882      
  weight average number of common shares outstanding — dilutive                                                                  6,475,222      
  early extinguishment of debt                                                                        
  income from discontinued operations, net of minority interest of 7,805 and 71,336                                                                   18,743.5 74,974    
  earnings per share – basic and dilutive                                                                   0.38 1.52 0.92   
  income from discontinued operations, net of minority interest of 40,609                                                                        
  income from discontinued operations, net of minority interest of 22,634                                                                      150,538  
  earnings per share - basic and dilutive                                                                      0.5  

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