$ADC
AGREE REALTY CORP Stock $adc

$adc Overview Financials Valuation SEC Filings Company Website

2016 Q1 Form 10-Q Financial Statement

#000114420416096594 Filed on April 27, 2016

Income Statement

Concept	2016 Q1	2015 Q4	2015 Q1
Revenue	$20.22M	$19.15M	$15.74M
YoY Change	28.46%	33.73%	25.19%
Cost Of Revenue	$1.700M	$2.020M	$1.330M
YoY Change	27.82%	114.89%	10.83%
Gross Profit	$18.53M	$17.13M	$14.41M
YoY Change	28.59%	28.03%	26.63%
Gross Profit Margin	91.62%	89.43%	91.53%
Selling, General & Admin	$2.210M	$1.970M	$1.800M
YoY Change	22.78%	9.44%	5.88%
% of Gross Profit	11.93%	11.5%	12.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.378M	$3.800M	$2.571M
YoY Change	31.38%	58.33%	30.71%
% of Gross Profit	18.23%	22.18%	17.84%
Operating Expenses	$7.290M	$5.260M	$5.360M
YoY Change	36.01%	6.26%	27.32%
Operating Profit	$11.24M	$11.87M	$9.056M
YoY Change	24.07%	40.81%	26.36%
Interest Expense	$3.648M	-$3.950M	$2.461M
YoY Change	48.26%	59.27%	37.13%
% of Operating Profit	32.47%	-33.28%	27.17%
Other Income/Expense, Net
YoY Change
Pretax Income	$7.590M	$7.930M	$6.490M
YoY Change	16.95%	38.64%	20.86%
Income Tax	$0.00		$3.317K
% Of Pretax Income	0.0%		0.05%
Net Earnings	$7.461M	$7.927M	$6.368M
YoY Change	17.15%	38.51%	18.28%
Net Earnings / Revenue	36.89%	41.39%	40.45%
Basic Earnings Per Share	$0.36		$0.37
Diluted Earnings Per Share	$0.36	$0.41	$0.37
COMMON SHARES
Basic Shares Outstanding	20.44M shares	18.89M shares	17.37M shares
Diluted Shares Outstanding	20.48M shares		17.42M shares

Balance Sheet

Concept	2016 Q1	2015 Q4	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.700M	$2.700M	$7.900M
YoY Change	-53.16%	-50.0%	887.5%
Cash & Equivalents	$3.711M	$2.712M	$7.919M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$7.800M	$7.400M	$4.900M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$11.50M	$10.10M	$12.80M
YoY Change	-10.16%	2.02%	212.2%
LONG-TERM ASSETS
Property, Plant & Equipment	$730.4M	$695.8M	$576.6M
YoY Change	26.66%	31.32%	34.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.200M	$1.200M	$3.600M
YoY Change	-66.67%	-68.42%	16.13%
Total Long-Term Assets	$814.1M	$779.8M	$640.2M
YoY Change	27.15%	33.6%	38.46%
TOTAL ASSETS
Total Short-Term Assets	$11.50M	$10.10M	$12.80M
Total Long-Term Assets	$814.1M	$779.8M	$640.2M
Total Assets	$825.6M	$789.9M	$653.0M
YoY Change	26.42%	33.07%	39.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$0.00	$100.0K	$0.00
YoY Change		-50.0%
Accrued Expenses	$2.000M	$1.000M	$600.0K
YoY Change	233.33%	42.86%	20.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$18.20M	$13.60M	$8.700M
YoY Change	109.2%	18.26%	-1.14%
LONG-TERM LIABILITIES
Long-Term Debt	$349.7M	$316.9M	$283.2M
YoY Change	23.48%	42.88%	72.68%
Other Long-Term Liabilities	$6.600M	$5.000M	$5.100M
YoY Change	29.41%	47.06%	183.33%
Total Long-Term Liabilities	$356.3M	$321.9M	$288.3M
YoY Change	23.59%	42.94%	73.88%
TOTAL LIABILITIES
Total Short-Term Liabilities	$18.20M	$13.60M	$8.700M
Total Long-Term Liabilities	$356.3M	$321.9M	$288.3M
Total Liabilities	$375.1M	$336.3M	$300.2M
YoY Change	24.96%	41.55%	68.73%
SHAREHOLDERS EQUITY
Retained Earnings			-$34.14M
YoY Change
Common Stock	$2.075K	$2.064K	$1.760K
YoY Change	17.9%	17.67%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$448.0M	$451.1M	$350.5M
YoY Change
Total Liabilities & Shareholders Equity	$825.6M	$789.9M	$653.0M
YoY Change	26.42%	33.07%	39.99%

Cashflow Statement

Concept	2016 Q1	2015 Q4	2015 Q1
OPERATING ACTIVITIES
Net Income	$7.461M	$7.927M	$6.368M
YoY Change	17.15%	38.51%	18.28%
Depreciation, Depletion And Amortization	$3.378M	$3.800M	$2.571M
YoY Change	31.38%	58.33%	30.71%
Cash From Operating Activities	$16.50M	$10.40M	$9.006M
YoY Change	83.2%	7.22%	10.24%
INVESTING ACTIVITIES
Capital Expenditures	$33.30M	-$63.80M	-$60.50M
YoY Change	-155.04%	-15.83%	132.69%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$1.000M
YoY Change	-100.0%	-100.0%	-80.0%
Cash From Investing Activities	-$39.70M	-$63.80M	-$59.56M
YoY Change	-33.34%	-8.99%	182.82%
FINANCING ACTIVITIES
Cash Dividend Paid			$7.893M
YoY Change			29.35%
Common Stock Issuance & Retirement, Net	-$1.289M	$53.00M	$94.63K
YoY Change	-1462.1%		-751.34%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	24.20M	34.80M	$53.07M
YoY Change	-54.4%	-45.96%	-6562.48%
NET CHANGE
Cash From Operating Activities	16.50M	10.40M	$9.006M
Cash From Investing Activities	-39.70M	-63.80M	-$59.56M
Cash From Financing Activities	24.20M	34.80M	$53.07M
Net Change In Cash	1.000M	-18.60M	$2.520M
YoY Change	-60.31%	-565.0%	-118.38%
FREE CASH FLOW
Cash From Operating Activities	$16.50M	$10.40M	$9.006M
Capital Expenditures	$33.30M	-$63.80M	-$60.50M
Free Cash Flow	-$16.80M	$74.20M	$69.51M
YoY Change	-124.17%	-13.22%	103.41%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2015Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	3553581	USD
CY2016Q1	us-gaap	Costs And Expenses CostsAndExpenses	8989242	USD
CY2015Q4	us-gaap	Secured Debt SecuredDebt	100358717	USD
CY2016Q1	us-gaap	Secured Debt SecuredDebt	91124627	USD
CY2016Q1	dei	Trading Symbol TradingSymbol	ADC
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	20762843	shares
CY2016Q1	us-gaap	Land Land	236700064	USD
CY2016Q1	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	553441081	USD
CY2015Q4	us-gaap	Land Land	225273640	USD
CY2015Q4	us-gaap	Investment Building And Building Improvements InvestmentBuildingAndBuildingImprovements	526911997	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2711588	USD
CY2016Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000917251
CY2016Q1	dei	Entity Registrant Name EntityRegistrantName	AGREE REALTY CORP
CY2016Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2016Q1	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	733952328	USD
CY2015Q4	us-gaap	Unsecured Debt UnsecuredDebt	99156151	USD
CY2016Q1	us-gaap	Line Of Credit LineOfCredit	60000000	USD
CY2016Q1	us-gaap	Deferred Revenue DeferredRevenue	424798	USD
CY2015Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	699447515	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3711373	USD
CY2015Q4	us-gaap	Development In Process DevelopmentInProcess	3663301	USD
CY2016Q1	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	59763907	USD
CY2015Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	56401423	USD
CY2016Q1	us-gaap	Development In Process DevelopmentInProcess	3575090	USD
CY2015Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	9757988	USD
CY2015Q4	us-gaap	Deferred Revenue DeferredRevenue	540643	USD
CY2016Q1	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	18491035	USD
CY2015Q1	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	14554011	USD
CY2016Q1	us-gaap	Percentage Rent PercentageRent	183345	USD
CY2015Q1	us-gaap	Percentage Rent PercentageRent	9811	USD
CY2016Q1	us-gaap	Tenant Reimbursements TenantReimbursements	1589060	USD
CY2015Q1	us-gaap	Tenant Reimbursements TenantReimbursements	1178025	USD
CY2016Q1	us-gaap	Other Income OtherIncome	-39582	USD
CY2015Q1	us-gaap	Other Income OtherIncome	1209	USD
CY2016Q1	us-gaap	Revenues Revenues	20223858	USD
CY2015Q1	us-gaap	Revenues Revenues	15743056	USD
CY2015Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	3926962	USD
CY2016Q1	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	6252263	USD
CY2015Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	962825	USD
CY2015Q4	us-gaap	Construction Payable Current And Noncurrent ConstructionPayableCurrentAndNoncurrent	122496	USD
CY2016Q1	us-gaap	Construction Payable Current And Noncurrent ConstructionPayableCurrentAndNoncurrent	27952	USD
CY2016Q1	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	705000	USD
CY2015Q4	us-gaap	Security Deposit Liability SecurityDepositLiability	28608	USD
CY2016Q1	us-gaap	Security Deposit Liability SecurityDepositLiability	38608	USD
CY2016Q1	us-gaap	Interest Rate Derivative Liabilities At Fair Value InterestRateDerivativeLiabilitiesAtFairValue	6138222	USD
CY2015Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	705000	USD
CY2015Q1	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	762923	USD
CY2016Q1	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	573026	USD
CY2015Q4	us-gaap	Interest Rate Derivative Liabilities At Fair Value InterestRateDerivativeLiabilitiesAtFairValue	3301108	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	24193518	USD
CY2016Q1	us-gaap	Finite Lived Intangible Asset Acquired In Place Leases FiniteLivedIntangibleAssetAcquiredInPlaceLeases	76650860	USD
CY2016Q1	us-gaap	Liabilities Liabilities	375098679	USD
CY2015Q4	us-gaap	Finite Lived Intangible Asset Acquired In Place Leases FiniteLivedIntangibleAssetAcquiredInPlaceLeases	76552316	USD
CY2016Q1	us-gaap	Other Assets OtherAssets	2259255	USD
CY2015Q4	us-gaap	Liabilities Liabilities	336250118	USD
CY2016Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	484511186	USD
CY2016Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	7807164	USD
CY2015Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	482514380	USD
CY2015Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	7418327	USD
CY2016Q1	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	30452339	USD
CY2015Q4	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	28262441	USD
CY2015Q4	us-gaap	Other Assets OtherAssets	2569659	USD
CY2016Q1	us-gaap	Assets Assets	825553310	USD
CY2015Q4	us-gaap	Assets Assets	789869657	USD
CY2015Q4	us-gaap	Line Of Credit LineOfCredit	18000000	USD
CY2016Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-6017490	USD
CY2015Q4	us-gaap	Minority Interest MinorityInterest	2495912	USD
CY2015Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-3130376	USD
CY2016Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	450454631	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	448043432	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	451123627	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	453619539	USD
CY2016Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	825553310	USD
CY2016Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	490284	USD
CY2015Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	505687	USD
CY2016Q1	us-gaap	Deferred Costs Leasing Net DeferredCostsLeasingNet	682046	USD
CY2016Q1	us-gaap	Minority Interest MinorityInterest	2411199	USD
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CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	789869657	USD
CY2016Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	9812376	USD
CY2016Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	1977551	USD
CY2016Q1	us-gaap	Senior Notes SeniorNotes	99176580	USD
CY2015Q4	us-gaap	Senior Notes SeniorNotes	99389620	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-2935676	USD
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	17416359	shares
CY2016Q1	us-gaap	Gains Losses On Sales Of Assets GainsLossesOnSalesOfAssets	0	USD
CY2016Q1	us-gaap	Depreciation Depreciation	3377814	USD
CY2016Q1	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	0	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	388837	USD
CY2016Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-262383	USD
CY2016Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-115845	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	16534944	USD
CY2016Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	33486435	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-39728677	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1991840	USD
CY2016Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	42000000	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	999785	USD
CY2016Q1	us-gaap	Unsecured Debt UnsecuredDebt	99420702	USD
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CY2016Q1	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	161643	USD
CY2016Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	125492	USD
CY2015Q1	us-gaap	Profit Loss ProfitLoss	6494181	USD
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CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	5399458	USD
CY2016Q1	us-gaap	Interest Paid Net InterestPaidNet	2484494	USD
CY2016Q1	us-gaap	Stock Issued1 StockIssued1	3059018	USD
CY2016Q1	us-gaap	Payments For Leasing Costs PaymentsForLeasingCosts	39428	USD
CY2016Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	37102	USD
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17369832	shares
CY2016Q1	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	1122664	USD
CY2015Q1	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	571390	USD
CY2016Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	163276	USD
CY2015Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	131863	USD
CY2016Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2045026	USD
CY2015Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1667600	USD
CY2015Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-115845	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	9156431	USD
CY2015Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	60262740	USD
CY2016Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	5085250	USD
CY2015Q1	us-gaap	Costs And Expenses CostsAndExpenses	6687357	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	11234616	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	9055699	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	3648291	USD
CY2015Q1	us-gaap	Interest Expense InterestExpense	2460755	USD
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CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	7460833	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-2011828	USD
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20438729	shares
CY2015Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-179867	USD
CY2015Q1	us-gaap	Gains Losses On Sales Of Assets GainsLossesOnSalesOfAssets	79104	USD
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CY2016Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	8	USD
CY2016Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	1991834	USD
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CY2016Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	708030	USD
CY2016Q1	us-gaap	Dividends Dividends	9812374	USD
CY2015Q1	us-gaap	Depreciation Depreciation	2571170	USD
CY2016Q1	us-gaap	Adjustment For Amortization AdjustmentForAmortization	1707436	USD
CY2015Q1	us-gaap	Adjustment For Amortization AdjustmentForAmortization	1091833	USD
CY2015Q1	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	79104	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	415399	USD
CY2015Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	826915	USD
CY2016Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	6202814	USD
CY2015Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	272324	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	0	USD
CY2015Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	975636	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-59559428	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	-94633	USD
CY2015Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	64500000	USD
CY2016Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	9300179	USD
CY2015Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	3082805	USD
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CY2015Q1	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	156429	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	52922773	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	2519776	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7919234	USD
CY2015Q1	us-gaap	Interest Paid Net InterestPaidNet	2367949	USD
CY2015Q1	us-gaap	Stock Issued1 StockIssued1	2463751	USD
CY2015Q1	us-gaap	Payments For Leasing Costs PaymentsForLeasingCosts	0	USD
CY2015Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	USD
CY2016Q1	adc	Real Estate Investment Financed With Accounts Payable RealEstateInvestmentFinancedWithAccountsPayable	27952	USD
CY2015Q1	adc	Real Estate Investment Financed With Accounts Payable RealEstateInvestmentFinancedWithAccountsPayable	24452	USD
CY2016Q1	us-gaap	Dividends Common Stock DividendsCommonStock	9812376	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	708030	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	523955	USD
CY2016Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	170105	USD
CY2015Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	58779	USD
CY2016Q1	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	0	USD
CY2015Q1	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	150084	USD
CY2016Q1	adc	Ownership Percentage On Controlling Interest By Parent OwnershipPercentageOnControllingInterestByParent	0.984	pure
CY2016Q1	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	2700000	USD
CY2016Q1	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	20666806	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	17595227	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	228077	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	225395	shares
CY2016Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	41411	shares
CY2015Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	46527	shares
CY2015Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	278	pure
CY2016Q1	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	793716235	USD
CY2015Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	755848938	USD
CY2016Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	291	pure
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	2233856	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	2750823	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	38867169	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	198401232	USD
CY2016Q1	us-gaap	Long Term Debt LongTermDebt	352284189	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	730377238	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	695784214	USD
CY2016Q1	us-gaap	Common Stock Value CommonStockValue	2075	USD
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	2064	USD
CY2016Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	35000	USD
CY2016Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	35000	USD
CY2015Q4	us-gaap	Deferred Costs Leasing Accumulated Amortization DeferredCostsLeasingAccumulatedAmortization	553502	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	12263284	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	10577794	USD
CY2016Q1	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	1584175	USD
CY2015Q4	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	1531671	USD
CY2016Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2015Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	28000000	shares
CY2016Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	28000000	shares
CY2016Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	20754264	shares
CY2016Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20754264	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	20637301	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20637301	shares
CY2016Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2015Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	4000000	shares
CY2016Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	4000000	shares
CY2016Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	7269	USD
CY2015Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	1001	USD
CY2016Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><i><u><font style="FONT-SIZE: 10pt">Use of Estimates </font></u></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America GAAP requires management to make estimates and assumptions that affect the reported amounts of (1) assets and liabilities at the date of the financial statements and (2) revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><i><u><font style="FONT-SIZE: 10pt"> Reclassification </font></u></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Certain reclassifications or prior period amounts have been made in the consolidated financial statements and footnotes in order to conform to the current presentation. As a result of the adoption of ASU 2015-03, unamortized debt issuance cost is presented as a direct deduction from the carrying amount of the debt liability; in previously filed reports the unamortized debt issuance cost was classified on the Balance Sheets as an Unamortized Deferred Expense.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2015Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3317	USD
CY2016Q1	us-gaap	Land Subject To Ground Leases LandSubjectToGroundLeases	5443000	sqft
CY2015Q4	us-gaap	Land Subject To Ground Leases LandSubjectToGroundLeases	5207000	sqft
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	33300000	USD
CY2016Q1	us-gaap	Amortization Of Deferred Charges AmortizationOfDeferredCharges	1759941	USD
CY2015Q1	us-gaap	Amortization Of Deferred Charges AmortizationOfDeferredCharges	1041187	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	5316595	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	7023028	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	6523387	USD
CY2016Q1	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P6Y10M24D
CY2016Q1	adc	Weighted Average Capitalization Rate For Acquired Assets WeightedAverageCapitalizationRateForAcquiredAssets	0.079	pure
CY2016Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand	10400000	USD
CY2016Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings	21100000	USD
CY2016Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill	1800000	USD
CY2016Q1	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	2600000	USD
CY2015Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	2700000	USD
CY2016Q1	us-gaap	Deferred Costs Leasing Accumulated Amortization DeferredCostsLeasingAccumulatedAmortization	575448	USD
CY2016Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	1014726	USD
CY2015Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-89380	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	2202807	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-236711	USD
CY2016Q1	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits	10000	USD
CY2015Q1	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits	0	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	22455455	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	87575654	USD
CY2016Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	703053	USD
CY2016Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	703055	USD
CY2016Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.37
CY2015Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.37
CY2016Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.36
CY2015Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.37
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	6137987	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	5982546	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	46839647	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	77823190	USD
CY2015Q4	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	1700000	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	4482353	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	76931	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	86832	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	4573718	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	4395521	USD
CY2015Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	4650649	USD

Files In Submission

Name	View Source	Status
0001144204-16-096594-index-headers.html	Edgar Link	pending
0001144204-16-096594-index.html	Edgar Link	pending
0001144204-16-096594.txt	Edgar Link	pending
0001144204-16-096594-xbrl.zip	Edgar Link	pending
adc-20160331.xml	Edgar Link	completed
adc-20160331.xsd	Edgar Link	pending
adc-20160331_cal.xml	Edgar Link	unprocessable
adc-20160331_def.xml	Edgar Link	unprocessable
adc-20160331_lab.xml	Edgar Link	unprocessable
adc-20160331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
v437440_10q.htm	Edgar Link	pending
v437440_ex31-1.htm	Edgar Link	pending
v437440_ex31-2.htm	Edgar Link	pending
v437440_ex32-1.htm	Edgar Link	pending
v437440_ex32-2.htm	Edgar Link	pending

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$ADC
AGREE REALTY CORP Stock $adc

2016 Q1 Form 10-Q Financial Statement

#000114420416096594 Filed on April 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ADC AGREE REALTY CORP Stock $adc

2016 Q1 Form 10-Q Financial Statement

#000114420416096594 Filed on April 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ADC
AGREE REALTY CORP Stock $adc