$ADC
AGREE REALTY CORP

2013 Q2 Form 10-Q Financial Statement

#000114420413042771 Filed on August 02, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $10.60M $8.368M
YoY Change 26.68% 14.79%
Cost Of Revenue $770.0K $710.0K
YoY Change 8.45% 20.34%
Gross Profit $9.830M $7.920M
YoY Change 24.12% 18.21%
Gross Profit Margin 92.73% 94.65%
Selling, General & Admin $1.700M $1.610M
YoY Change 5.59% -5.29%
% of Gross Profit 17.29% 20.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.500M $1.900M
YoY Change 31.58% 11.76%
% of Gross Profit 25.43% 23.99%
Operating Expenses $3.930M $3.290M
YoY Change 19.45% 16.25%
Operating Profit $5.901M $4.638M
YoY Change 27.25% 19.83%
Interest Expense $1.525M $1.146M
YoY Change 33.11% -225.9%
% of Operating Profit 25.84% 24.7%
Other Income/Expense, Net
YoY Change
Pretax Income $4.380M $3.490M
YoY Change 25.5% 17.51%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $4.413M $4.940M
YoY Change -10.67% 29.2%
Net Earnings / Revenue 41.62% 59.03%
Basic Earnings Per Share $0.34 $0.44
Diluted Earnings Per Share $0.34 $0.44
COMMON SHARES
Basic Shares Outstanding 12.99M shares 11.18M shares
Diluted Shares Outstanding 13.07M shares 11.21M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.200M $600.0K
YoY Change 100.0% -33.33%
Cash & Equivalents $1.225M $618.5K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $1.800M $800.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.000M $1.400M
YoY Change 114.29% -61.11%
LONG-TERM ASSETS
Property, Plant & Equipment $362.7M $281.1M
YoY Change 29.04% 5.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $30.10M $30.30M
YoY Change -0.66% 191.35%
Total Long-Term Assets $407.9M $313.7M
YoY Change 30.01% 12.92%
TOTAL ASSETS
Total Short-Term Assets $3.000M $1.400M
Total Long-Term Assets $407.9M $313.7M
Total Assets $410.9M $315.1M
YoY Change 30.39% 11.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $0.00
YoY Change -100.0%
Accrued Expenses $400.0K $500.0K
YoY Change -20.0% 66.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.700M $6.800M
YoY Change 13.24% 36.0%
LONG-TERM LIABILITIES
Long-Term Debt $156.3M $106.2M
YoY Change 47.18% 10.51%
Other Long-Term Liabilities $2.000M $3.300M
YoY Change -39.39% -66.33%
Total Long-Term Liabilities $158.3M $109.5M
YoY Change 44.57% 3.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.700M $6.800M
Total Long-Term Liabilities $158.3M $109.5M
Total Liabilities $166.8M $119.8M
YoY Change 39.25% 3.28%
SHAREHOLDERS EQUITY
Retained Earnings -$22.36M
YoY Change
Common Stock $1.324K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $241.4M $195.3M
YoY Change
Total Liabilities & Shareholders Equity $410.9M $315.1M
YoY Change 30.39% 11.98%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $4.413M $4.940M
YoY Change -10.67% 29.2%
Depreciation, Depletion And Amortization $2.500M $1.900M
YoY Change 31.58% 11.76%
Cash From Operating Activities $7.300M $5.000M
YoY Change 46.0% -3.85%
INVESTING ACTIVITIES
Capital Expenditures -$32.50M -$15.90M
YoY Change 104.4% 1123.08%
Acquisitions
YoY Change
Other Investing Activities $0.00 $2.600M
YoY Change -100.0%
Cash From Investing Activities -$32.50M -$13.20M
YoY Change 146.21% 915.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 25.20M 8.500M
YoY Change 196.47% -317.95%
NET CHANGE
Cash From Operating Activities 7.300M 5.000M
Cash From Investing Activities -32.50M -13.20M
Cash From Financing Activities 25.20M 8.500M
Net Change In Cash -0.0000000009313 300.0K
YoY Change -100.0% 32212254719999980.0%
FREE CASH FLOW
Cash From Operating Activities $7.300M $5.000M
Capital Expenditures -$32.50M -$15.90M
Free Cash Flow $39.80M $20.90M
YoY Change 90.43% 221.54%

Facts In Submission

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11183299 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12817668 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10953463 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13065542 shares
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest
-280308 USD
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.75
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.87
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.34
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.30
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.68
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.61
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.14
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.07
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.26
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1311525 USD
CY2012Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-579936 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1562194 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-527145 USD
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5841022 USD
CY2012Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4510054 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11483949 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9304681 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest
-150446 USD
CY2012Q2 us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest
-133130 USD
us-gaap Other Comprehensive Income Loss Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest
-298493 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1598088 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
953361 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
2965208 USD
adc Interest Capitalized For Rea Lestate Under Development
InterestCapitalizedForReaLestateUnderDevelopment
328336 USD
adc Interest Capitalized For Rea Lestate Under Development
InterestCapitalizedForReaLestateUnderDevelopment
0 USD
us-gaap Depreciation
Depreciation
3391317 USD
us-gaap Depreciation
Depreciation
2913540 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
1210406 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
849665 USD
us-gaap Share Based Compensation
ShareBasedCompensation
924985 USD
us-gaap Share Based Compensation
ShareBasedCompensation
824000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-373582 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-40492 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
210326 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1316173 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-285052 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1826965 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-231690 USD
us-gaap Interest Paid Net
InterestPaidNet
2270458 USD
us-gaap Stock Issued1
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2296908 USD
us-gaap Payments Of Financing Costs
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31282 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
105399 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2002663 USD
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
618488 USD
us-gaap Interest Paid Net
InterestPaidNet
2823767 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-231690 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
85182 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-253140 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-7750 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-3103 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14226062 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8760985 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
49499024 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
25573379 USD
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
0 USD
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
14241 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
5462280 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
6539547 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
3280534 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-44036744 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22328607 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
44802340 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
35042235 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
54308512 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
35064017 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
57198587 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
47073509 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1707903 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1526510 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
8514971 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
122080 USD
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
424321 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
29765855 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12183447 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-44826 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1384175 USD
us-gaap Stock Issued1
StockIssued1
2175831 USD
adc Dividends Declared And Unpaid
DividendsDeclaredAndUnpaid
5569859 USD
adc Dividends Declared And Unpaid
DividendsDeclaredAndUnpaid
4715306 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
35045 USD
us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
0 USD
us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
9173789 USD
adc Real Estate Acquisitions Financed With Debt Assumption
RealEstateAcquisitionsFinancedWithDebtAssumption
0 USD
adc Real Estate Acquisitions Financed With Debt Assumption
RealEstateAcquisitionsFinancedWithDebtAssumption
9640528 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
281571 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
278095 USD
adc Weighted Average Number Of Common Shares Outstanding Before Unvested Restricted Stock
WeightedAverageNumberOfCommonSharesOutstandingBeforeUnvestedRestrictedStock
13072578 shares
CY2013Q2 adc Weighted Average Number Of Common Shares Outstanding Before Unvested Restricted Stock
WeightedAverageNumberOfCommonSharesOutstandingBeforeUnvestedRestrictedStock
13240263 shares
CY2012Q2 adc Weighted Average Number Of Common Shares Outstanding Before Unvested Restricted Stock
WeightedAverageNumberOfCommonSharesOutstandingBeforeUnvestedRestrictedStock
11435529 shares
adc Weighted Average Number Of Common Shares Outstanding Before Unvested Restricted Stock
WeightedAverageNumberOfCommonSharesOutstandingBeforeUnvestedRestrictedStock
11205693 shares
CY2013Q2 adc Weighted Average Number Unvested Restricted Stock
WeightedAverageNumberUnvestedRestrictedStock
254910 shares
CY2012Q2 adc Weighted Average Number Unvested Restricted Stock
WeightedAverageNumberUnvestedRestrictedStock
252230 shares
adc Weighted Average Number Unvested Restricted Stock
WeightedAverageNumberUnvestedRestrictedStock
254910 shares
adc Weighted Average Number Unvested Restricted Stock
WeightedAverageNumberUnvestedRestrictedStock
252230 shares
CY2013Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
80190 shares
CY2012Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
30141 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
71675 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
36932 shares
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<table border="0" style="clear:both;width:100%; table-layout:fixed;"> <tr> <td></td> </tr> </table> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; FONT-SIZE: 10pt"> <table style="clear:both;MARGIN-TOP: 0pt; FONT: bold 10pt Times New Roman, Times, Serif; MARGIN-BOTTOM: 0pt" cellspacing="0" cellpadding="0" width="100%"> <tr style="BACKGROUND-COLOR: #ffffff; VERTICAL-ALIGN: top"> <td style="WIDTH: 0.25in"> <div><font style="BACKGROUND-COLOR: transparent">4.</font></div> </td> <td style="TEXT-ALIGN: justify"> <div><font style="BACKGROUND-COLOR: transparent">Recent Accounting Pronouncements</font></div> </td> </tr> </table> </div> <div style="clear:both;FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="BACKGROUND-COLOR: transparent">As of June 30 2013, the impact of recent accounting pronouncements is not considered to be material.</font></font></div> </div>
CY2004 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
1700000 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
45000000 USD
CY2013Q2 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
85000000 USD
CY2013Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
135000000 USD
us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2015-10-26
CY2013Q2 us-gaap Line Of Credit Facility Amount Outstanding
LineOfCreditFacilityAmountOutstanding
40639930 USD
CY2013Q2 adc Line Of Credit Facility Weighted Average Interest Rate
LineOfCreditFacilityWeightedAverageInterestRate
0.0182 pure
CY2013Q2 adc Line Of Credit Facility Available For Borrowing Subject To Customary Condition
LineOfCreditFacilityAvailableForBorrowingSubjectToCustomaryCondition
44360070 USD
adc Extension Options
ExtensionOptions
two one-year
adc Line Of Credit Facility Extension Option Expiration Date
LineOfCreditFacilityExtensionOptionExpirationDate
October 2017
us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
interest at LIBOR plus a spread of 150 to 215 basis points depending on the Companys leverage ratio
CY2013Q2 us-gaap Real Estate Investments
RealEstateInvestments
147091613 USD
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
12738876 USD
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
3573277 USD
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
12393468 USD
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
23354309 USD
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
27324754 USD
CY2013Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
36283555 USD
CY2013Q2 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0440 pure
CY2013Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.41
CY2004 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
4000000 USD
CY2004Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
4000000 USD
CY2004Q3 us-gaap Deferred Revenue
DeferredRevenue
4000000 USD
CY2004 adc Minimum Lease Rental Years
MinimumLeaseRentalYears
3.7 years
CY2011Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
9200000 USD
CY2013Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
9301 USD
CY2012Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
730070 USD
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
1726120 USD
CY2013Q2 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
0 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
2287 USD
CY2012Q2 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
291289 USD
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
828379 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
24732 USD
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
150238 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
295795 USD
CY2013Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
9 Properties
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P20Y6M
CY2013Q1 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
27.25
adc Payments To Acquire Retail Assets
PaymentsToAcquireRetailAssets
43000000 USD
adc Weighted Average Capitalization Rate For Acquired Assets
WeightedAverageCapitalizationRateForAcquiredAssets
0.0758 pure
adc Percentage Of Control Of Assets
PercentageOfControlOfAssets
1 pure
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
684000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
92000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
22077000 USD
us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
8839000 USD
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
18108000 USD
us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
6678000 USD
CY2013Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1725000 shares
CY2013Q2 adc Shares Authorized
SharesAuthorized
40000000 shares
CY2013Q2 adc Shares Authorized Par Or Stated Value Per Share
SharesAuthorizedParOrStatedValuePerShare
0.0001

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