$ADC
AGREE REALTY CORP Stock $adc

$adc Overview Financials Valuation SEC Filings Company Website

2015 Q4 Form 10-K Financial Statement

#000114420417010652 Filed on February 23, 2017

Income Statement

Concept	2015 Q4	2015 Q3	2015 Q2
Revenue	$19.15M	$17.85M	$17.22M
YoY Change	33.73%	29.75%	33.44%
Cost Of Revenue	$2.020M	$1.140M	$1.280M
YoY Change	114.89%	2.7%	6.67%
Gross Profit	$17.13M	$16.71M	$15.94M
YoY Change	28.03%	32.09%	36.12%
Gross Profit Margin	89.43%	93.61%	92.57%
Selling, General & Admin	$1.970M	$1.940M	$1.880M
YoY Change	9.44%	3.74%	9.3%
% of Gross Profit	11.5%	11.61%	11.79%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.800M	$4.700M	$4.300M
YoY Change	58.33%	46.88%	53.57%
% of Gross Profit	22.18%	28.13%	26.98%
Operating Expenses	$5.260M	$6.930M	$6.000M
YoY Change	6.26%	46.51%	39.21%
Operating Profit	$11.87M	$9.782M	$9.942M
YoY Change	40.81%	27.08%	116.58%
Interest Expense	-$3.950M	$3.505M	$2.933M
YoY Change	59.27%	43.7%	56.48%
% of Operating Profit	-33.28%	35.83%	29.5%
Other Income/Expense, Net
YoY Change
Pretax Income	$7.930M	$14.88M	$10.46M
YoY Change	38.64%	199.4%	284.56%
Income Tax		$0.00	-$6.624K
% Of Pretax Income		0.0%	-0.06%
Net Earnings	$7.927M	$14.60M	$10.26M
YoY Change	38.51%	200.75%	286.69%
Net Earnings / Revenue	41.39%	81.76%	59.61%
Basic Earnings Per Share		$0.81	$0.59
Diluted Earnings Per Share	$0.41	$0.81	$0.58
COMMON SHARES
Basic Shares Outstanding	18.89M shares	18.01M shares	17.54M shares
Diluted Shares Outstanding		18.06M shares	17.59M shares

Balance Sheet

Concept	2015 Q4	2015 Q3	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.700M	$21.40M	$2.900M
YoY Change	-50.0%	1428.57%	81.25%
Cash & Equivalents	$2.712M	$21.40M	$2.871M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$7.400M	$6.100M	$5.700M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$10.10M	$27.50M	$8.600M
YoY Change	2.02%	409.26%	59.26%
LONG-TERM ASSETS
Property, Plant & Equipment	$695.8M	$645.4M	$627.6M
YoY Change	31.32%	36.71%	46.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.200M	$4.000M	$4.300M
YoY Change	-68.42%	-2.44%	48.28%
Total Long-Term Assets	$779.8M	$721.7M	$696.5M
YoY Change	33.6%	39.49%	46.4%
TOTAL ASSETS
Total Short-Term Assets	$10.10M	$27.50M	$8.600M
Total Long-Term Assets	$779.8M	$721.7M	$696.5M
Total Assets	$789.9M	$749.2M	$705.1M
YoY Change	33.07%	43.31%	46.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$100.0K	$0.00	$0.00
YoY Change	-50.0%		-100.0%
Accrued Expenses	$1.000M	$2.000M	$900.0K
YoY Change	42.86%	233.33%	125.0%
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	$13.60M	$13.90M	$12.40M
YoY Change	18.26%	46.32%	27.84%
LONG-TERM LIABILITIES
Long-Term Debt	$316.9M	$329.3M	$318.0M
YoY Change	42.88%	46.88%	75.4%
Other Long-Term Liabilities	$5.000M	$5.700M	$3.400M
YoY Change	47.06%	216.67%	47.83%
Total Long-Term Liabilities	$321.9M	$335.0M	$321.4M
YoY Change	42.94%	48.23%	75.05%
TOTAL LIABILITIES
Total Short-Term Liabilities	$13.60M	$13.90M	$12.40M
Total Long-Term Liabilities	$321.9M	$335.0M	$321.4M
Total Liabilities	$336.3M	$352.0M	$336.9M
YoY Change	41.55%	47.47%	73.51%
SHAREHOLDERS EQUITY
Retained Earnings		-$26.45M	-$32.26M
YoY Change			12.39%
Common Stock	$2.064K		$1.805K
YoY Change	17.67%		20.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$451.1M	$397.2M	$368.2M
YoY Change
Total Liabilities & Shareholders Equity	$789.9M	$749.2M	$705.1M
YoY Change	33.07%	43.31%	46.54%

Cashflow Statement

Concept	2015 Q4	2015 Q3	2015 Q2
OPERATING ACTIVITIES
Net Income	$7.927M	$14.60M	$10.26M
YoY Change	38.51%	200.75%	286.69%
Depreciation, Depletion And Amortization	$3.800M	$4.700M	$4.300M
YoY Change	58.33%	46.88%	53.57%
Cash From Operating Activities	$10.40M	$13.10M	$12.00M
YoY Change	7.22%	52.33%	41.18%
INVESTING ACTIVITIES
Capital Expenditures	-$63.80M	-$41.90M	-$64.60M
YoY Change	-15.83%	5.81%	251.09%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$19.40M	$7.700M
YoY Change	-100.0%	1285.71%
Cash From Investing Activities	-$63.80M	-$22.60M	-$56.80M
YoY Change	-8.99%	-40.68%	208.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$53.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	34.80M	27.90M	39.80M
YoY Change	-45.96%	-4.78%	271.96%
NET CHANGE
Cash From Operating Activities	10.40M	13.10M	12.00M
Cash From Investing Activities	-63.80M	-22.60M	-56.80M
Cash From Financing Activities	34.80M	27.90M	39.80M
Net Change In Cash	-18.60M	18.40M	-5.000M
YoY Change	-565.0%	-9300.0%	-725.0%
FREE CASH FLOW
Cash From Operating Activities	$10.40M	$13.10M	$12.00M
Capital Expenditures	-$63.80M	-$41.90M	-$64.60M
Free Cash Flow	$74.20M	$55.00M	$76.60M
YoY Change	-13.22%	14.11%	184.76%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2016	us-gaap	Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet	-2493000	USD
CY2015	us-gaap	Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet	-2796000	USD
CY2016Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	1409000	USD
CY2016Q4	us-gaap	Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral	0	USD
CY2015	us-gaap	Payments For Leasing Costs PaymentsForLeasingCosts	66000	USD
CY2014	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	143123000	USD
CY2014	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	951000	USD
CY2014	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	12767000	USD
CY2014	us-gaap	Gains Losses On Sales Of Assets GainsLossesOnSalesOfAssets	-528000	USD
CY2015	us-gaap	Gains Losses On Sales Of Assets GainsLossesOnSalesOfAssets	12135000	USD
CY2016	us-gaap	Gains Losses On Sales Of Assets GainsLossesOnSalesOfAssets	9964000	USD
CY2016	us-gaap	Depreciation Depreciation	15274000	USD
CY2015	us-gaap	Depreciation Depreciation	11530000	USD
CY2016	us-gaap	Adjustment For Amortization AdjustmentForAmortization	8133000	USD
CY2015	us-gaap	Adjustment For Amortization AdjustmentForAmortization	4956000	USD
CY2016	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	9964000	USD
CY2015	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	12135000	USD
CY2016	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	4117000	USD
CY2015	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2911000	USD
CY2016	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	109000	USD
CY2015	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	197000	USD
CY2016	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1984000	USD
CY2015	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1043000	USD
CY2016	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	115000	USD
CY2015	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-463000	USD
CY2016	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	1247000	USD
CY2015	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	241000	USD
CY2016	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	61735000	USD
CY2015	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	44680000	USD
CY2016	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	297868000	USD
CY2015	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	223871000	USD
CY2016	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	27919000	USD
CY2015	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	6970000	USD
CY2016	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	28919000	USD
CY2015	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	28132000	USD
CY2016	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-297554000	USD
CY2015	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-202775000	USD
CY2016	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	228011000	USD
CY2015	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	92260000	USD
CY2016	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	252000000	USD
CY2015	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	161000000	USD
CY2016	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	256000000	USD
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CY2016	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	31578000	USD
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CY2016	us-gaap	Payments Of Capital Distribution PaymentsOfCapitalDistribution	657000	USD
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CY2016	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	266502000	USD
CY2015	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	155408000	USD
CY2016	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	30683000	USD
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CY2016	us-gaap	Interest Paid Net InterestPaidNet	13822000	USD
CY2015	us-gaap	Interest Paid Net InterestPaidNet	11548000	USD
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CY2016	us-gaap	Increase Decrease In Security Deposits IncreaseDecreaseInSecurityDeposits	65000	USD
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CY2014	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-311000	USD
CY2014	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-463000	USD
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CY2014	us-gaap	Stock Issued1 StockIssued1	2390000	USD
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CY2016Q4	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	32400000	USD
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CY2016Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	10369000	USD
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CY2016Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	9671000	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	9386000	USD
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CY2015	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	79056000	USD
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CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	640000	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	641000	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	632000	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	588000	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	7840000	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	10975000	USD
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	3147000	USD
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	28337000	USD
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	21298000	USD
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	38867000	USD
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	79998000	USD
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	232404000	USD
CY2016Q4	us-gaap	Long Term Debt LongTermDebt	404051000	USD
CY2016Q4	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	1.92
CY2015Q4	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	1.845
CY2014Q4	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	1.74
CY2015Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	755848938	USD
CY2014Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	589147012	USD
CY2013Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	476168824	USD
CY2016	adc	Real Estate Construction And Acquisition Cost RealEstateConstructionAndAcquisitionCost	284968286	USD
CY2015	adc	Real Estate Construction And Acquisition Cost RealEstateConstructionAndAcquisitionCost	196672924	USD
CY2014	adc	Real Estate Construction And Acquisition Cost RealEstateConstructionAndAcquisitionCost	143365974	USD
CY2016	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	20860895	USD
CY2015	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	29970998	USD
CY2014	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	27367786	USD
CY2016Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	1019956329	USD
CY2015Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	56401423	USD
CY2014Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	59089851	USD
CY2013Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	65436739	USD
CY2016	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	15201469	USD
CY2015	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	11464695	USD
CY2014	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	8361698	USD
CY2016	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	1906165	USD
CY2015	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	14153123	USD
CY2014	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	14708586	USD
CY2016Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	69696727	USD
CY2016Q4	us-gaap	Tax Basis Of Investments Cost For Income Tax Purposes TaxBasisOfInvestmentsCostForIncomeTaxPurposes	29401000	USD
CY2016	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2015Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.41
CY2015Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.81
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Amount Of Encumbrances RealEstateAndAccumulatedDepreciationAmountOfEncumbrances	70006575	USD
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Land RealEstateAndAccumulatedDepreciationInitialCostOfLand	317752804	USD
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements	700767285	USD
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Carrying Costs RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionCarryingCosts	9501919	USD
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Land RealEstateAndAccumulatedDepreciationCarryingAmountOfLand	309687125	USD
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements	710269204	USD
CY2016	dei	Document Type DocumentType	10-K
CY2016	dei	Amendment Flag AmendmentFlag	false
CY2016	dei	Document Period End Date DocumentPeriodEndDate	2016-12-31
CY2015Q2	us-gaap	Profit Loss ProfitLoss	10465000	USD
CY2015Q3	us-gaap	Profit Loss ProfitLoss	14876000	USD
CY2015Q4	us-gaap	Profit Loss ProfitLoss	7927000	USD
CY2015Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.37
CY2015Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.58
CY2016Q1	us-gaap	Profit Loss ProfitLoss	7586000	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	10828000	USD
CY2016Q3	us-gaap	Profit Loss ProfitLoss	14476000	USD
CY2016Q4	us-gaap	Profit Loss ProfitLoss	12906000	USD
CY2016Q1	us-gaap	Revenues Revenues	20224000	USD
CY2016Q2	us-gaap	Revenues Revenues	21844000	USD
CY2016Q3	us-gaap	Revenues Revenues	24161000	USD
CY2016Q4	us-gaap	Revenues Revenues	25299000	USD
CY2016Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.36
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.48
CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.61
CY2016Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.5
CY2015Q1	us-gaap	Revenues Revenues	15743000	USD
CY2015Q2	us-gaap	Revenues Revenues	17219000	USD
CY2015Q3	us-gaap	Revenues Revenues	17850000	USD
CY2015Q4	us-gaap	Revenues Revenues	19154000	USD
CY2015Q1	us-gaap	Profit Loss ProfitLoss	6494000	USD
CY2016	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2016	dei	Entity Registrant Name EntityRegistrantName	AGREE REALTY CORP
CY2016	dei	Entity Central Index Key EntityCentralIndexKey	0000917251
CY2016	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2016	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2016	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2016	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2016Q2	dei	Entity Public Float EntityPublicFloat	1140289546	USD
CY2016	dei	Trading Symbol TradingSymbol	ADC
CY2017Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	26146543	shares
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	943497000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	695785000	USD
CY2016Q4	us-gaap	Interest Rate Derivative Assets At Fair Value InterestRateDerivativeAssetsAtFairValue	1409000	USD
CY2015Q4	us-gaap	Interest Rate Derivative Assets At Fair Value InterestRateDerivativeAssetsAtFairValue	98000	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	50000	USD
CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	35000	USD
CY2016Q4	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	1262000	USD
CY2015Q4	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	1532000	USD
CY2014	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	73302000	USD
CY2015	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	92260000	USD
CY2016	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	228011000	USD
CY2016	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	USD
CY2015	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	USD
CY2014	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	USD
CY2014	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	0	USD
CY2014	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	0	USD
CY2015	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	0	USD
CY2016	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.97
CY2015	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.17
CY2014	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.24
CY2016	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.97
CY2016Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	18588000	USD
CY2016Q4	us-gaap	Deferred Costs Leasing Accumulated Amortization DeferredCostsLeasingAccumulatedAmortization	677000	USD
CY2015Q4	us-gaap	Deferred Costs Leasing Accumulated Amortization DeferredCostsLeasingAccumulatedAmortization	554000	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	10578000	USD
CY2016Q4	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
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	45000000	shares
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	45000000	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	26164977	shares
CY2015	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.16
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	26164977	shares
CY2016	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;TEXT-INDENT: 0in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-WEIGHT: normal"><i><u>Use of Estimates</u></i></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-WEIGHT: normal">The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of (1) assets and liabilities and the disclosure of contingent assets and liabilities as of 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>
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	20637301	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20637301	shares
CY2016Q4	us-gaap	Derivative Assets DerivativeAssets	1409000	USD
CY2016Q4	us-gaap	Derivative Asset Not Subject To Master Netting Arrangement DerivativeAssetNotSubjectToMasterNettingArrangement	50000	USD
CY2016Q4	us-gaap	Derivative Asset Collateral Obligation To Return Cash Offset DerivativeAssetCollateralObligationToReturnCashOffset	0	USD
CY2016	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;TEXT-INDENT: 0in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-WEIGHT: normal"> <i><u>Reclassifications</u></i></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><font style="FONT-WEIGHT: normal">Certain reclassifications of 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 Sheet as an Unamortized Deferred Expense. Also, prepaid rents are presented on the Balance Sheet as Deferred Revenue; in previously filed reports it was presented in Accounts Payable-Operating.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.24
CY2013Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	292215000	USD
CY2016Q4	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
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	4000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	4000000	shares
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	356035000	USD
CY2016	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	2618000	USD
CY2015	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-1093000	USD
CY2014	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	-2584000	USD
CY2016	us-gaap	Dividends Dividends	46081000	USD
CY2015	us-gaap	Dividends Dividends	35336000	USD
CY2014	us-gaap	Dividends Dividends	27798000	USD
CY2016	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	0	USD
CY2014	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	1987000	USD
CY2016	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	2257000	USD
CY2015	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	1992000	USD
CY2016	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	712000	USD
CY2016	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	712000	USD
CY2015	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2014	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2016	us-gaap	Repayments Of Unsecured Debt RepaymentsOfUnsecuredDebt	239000	USD
CY2015	us-gaap	Repayments Of Unsecured Debt RepaymentsOfUnsecuredDebt	0	USD
CY2014	us-gaap	Repayments Of Unsecured Debt RepaymentsOfUnsecuredDebt	0	USD
CY2016	us-gaap	Proceeds From Issuance Of Unsecured Debt ProceedsFromIssuanceOfUnsecuredDebt	60283000	USD
CY2015	us-gaap	Proceeds From Issuance Of Unsecured Debt ProceedsFromIssuanceOfUnsecuredDebt	0	USD
CY2014	us-gaap	Proceeds From Issuance Of Unsecured Debt ProceedsFromIssuanceOfUnsecuredDebt	65000000	USD
CY2016Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	210000	USD
CY2015Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	39000	USD
CY2014Q4	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	263000	USD
CY2016	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	29700000	USD
CY2016	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	10000000	USD
CY2016Q4	us-gaap	Land Subject To Ground Leases LandSubjectToGroundLeases	7033	sqft
CY2015Q4	us-gaap	Land Subject To Ground Leases LandSubjectToGroundLeases	5207	sqft
CY2016Q4	us-gaap	Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	1359000	USD
CY2016Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	1994000	USD
CY2016Q4	us-gaap	Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral	0	USD
CY2016Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	1994000	USD
CY2015Q4	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	1700000	USD
CY2016Q4	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	95000000	USD
CY2015Q4	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	53000000	USD
CY2016	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	7747	USD
CY2015	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	3317	USD
CY2016Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	3100000	USD
CY2015Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	2600000	USD
CY2016	us-gaap	Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet	2618000	USD
CY2016Q4	us-gaap	Derivative Liability Not Subject To Master Netting Arrangement DerivativeLiabilityNotSubjectToMasterNettingArrangement	50000	USD
CY2016Q4	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	0	USD
CY2016Q4	us-gaap	Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	1944000	USD
CY2015Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	98000	USD
CY2015Q4	us-gaap	Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral	0	USD
CY2015Q4	us-gaap	Derivative Assets DerivativeAssets	98000	USD
CY2015Q4	us-gaap	Derivative Asset Not Subject To Master Netting Arrangement DerivativeAssetNotSubjectToMasterNettingArrangement	0	USD
CY2015Q4	us-gaap	Derivative Asset Collateral Obligation To Return Cash Offset DerivativeAssetCollateralObligationToReturnCashOffset	0	USD
CY2015Q4	us-gaap	Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	98000	USD
CY2015Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	3301000	USD
CY2015Q4	us-gaap	Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral	0	USD
CY2015Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	3301000	USD
CY2015Q4	us-gaap	Derivative Liability Not Subject To Master Netting Arrangement DerivativeLiabilityNotSubjectToMasterNettingArrangement	0	USD
CY2015Q4	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	0	USD
CY2015Q4	us-gaap	Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	3301000	USD
CY2016Q4	us-gaap	Minority Interest Ownership Percentage By Parent MinorityInterestOwnershipPercentageByParent	0.987	pure
CY2015Q4	us-gaap	Minority Interest Ownership Percentage By Parent MinorityInterestOwnershipPercentageByParent	0.983	pure
CY2016Q4	us-gaap	Derivative Net Liability Position Aggregate Fair Value DerivativeNetLiabilityPositionAggregateFairValue	2100000	USD
CY2016Q4	us-gaap	Assets Needed For Immediate Settlement Aggregate Fair Value AssetsNeededForImmediateSettlementAggregateFairValue	2100000	USD
CY2016	us-gaap	Interest And Debt Expense InterestAndDebtExpense	2000000	USD
CY2014	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	57840000	USD
CY2014	us-gaap	Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax	19369000	USD
CY2014	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	12900000	USD
CY2014	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	400000	USD
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	634000	USD
CY2016	adc	Real Estate Acquisitions Financed With Debt Assumption RealEstateAcquisitionsFinancedWithDebtAssumption	0	USD
CY2015	adc	Real Estate Acquisitions Financed With Debt Assumption RealEstateAcquisitionsFinancedWithDebtAssumption	0	USD
CY2014	adc	Real Estate Acquisitions Financed With Debt Assumption RealEstateAcquisitionsFinancedWithDebtAssumption	5631000	USD
CY2016	us-gaap	Reimbursement Revenue ReimbursementRevenue	1100000	USD
CY2015	us-gaap	Reimbursement Revenue ReimbursementRevenue	500000	USD
CY2016Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	109600000	USD

Files In Submission

Name	View Source	Status
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$ADC
AGREE REALTY CORP Stock $adc

2015 Q4 Form 10-K Financial Statement

#000114420417010652 Filed on February 23, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ADC AGREE REALTY CORP Stock $adc

2015 Q4 Form 10-K Financial Statement

#000114420417010652 Filed on February 23, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ADC
AGREE REALTY CORP Stock $adc