$ADC
AGREE REALTY CORP Stock $adc

$adc Overview Financials Valuation SEC Filings Company Website

2018 Q1 Form 10-Q Financial Statement

#000114420418021820 Filed on April 23, 2018

Income Statement

Concept	2018 Q1	2017 Q1
Revenue	$32.45M	$26.56M
YoY Change	22.18%	31.33%
Cost Of Revenue	$3.890M	$2.610M
YoY Change	49.04%	53.53%
Gross Profit	$28.38M	$23.96M
YoY Change	18.45%	29.3%
Gross Profit Margin	87.45%	90.21%
Selling, General & Admin	$3.070M	$2.640M
YoY Change	16.29%	19.46%
% of Gross Profit	10.82%	11.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$5.676M	$4.510M
YoY Change	25.85%	33.51%
% of Gross Profit	20.0%	18.82%
Operating Expenses	$10.84M	$9.660M
YoY Change	12.22%	32.51%
Operating Profit	$17.54M	$14.29M
YoY Change	22.78%	27.16%
Interest Expense	$5.465M	$4.138M
YoY Change	32.07%	13.42%
% of Operating Profit	31.16%	28.97%
Other Income/Expense, Net		$0.00
YoY Change
Pretax Income	$16.69M	$14.89M
YoY Change	12.09%	96.18%
Income Tax	$50.00K	$122.0K
% Of Pretax Income	0.3%	0.82%
Net Earnings	$16.45M	$14.58M
YoY Change	12.87%	95.35%
Net Earnings / Revenue	50.69%	54.88%
Basic Earnings Per Share	$0.53	$0.56
Diluted Earnings Per Share	$0.53	$0.56
COMMON SHARES
Basic Shares Outstanding	30.99M shares	25.95M shares
Diluted Shares Outstanding		26.01M shares

Balance Sheet

Concept	2018 Q1	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.200M	$2.300M
YoY Change	-4.35%	-37.84%
Cash & Equivalents	$11.10M	$2.300M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$7.700M
Prepaid Expenses
Receivables	$17.90M	$13.10M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$27.80M	$15.40M
YoY Change	80.52%	33.91%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.272B	$983.9M
YoY Change	29.24%	34.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$11.50M	$3.000M
YoY Change	283.33%	150.0%
Total Long-Term Assets	$1.499B	$1.143B
YoY Change	31.2%	40.38%
TOTAL ASSETS
Total Short-Term Assets	$27.80M	$15.40M
Total Long-Term Assets	$1.499B	$1.143B
Total Assets	$1.527B	$1.158B
YoY Change	31.86%	40.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$0.00	$100.0K
YoY Change	-100.0%
Accrued Expenses	$2.700M	$2.700M
YoY Change	0.0%	35.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$19.10M	$20.90M
YoY Change	-8.61%	14.84%
LONG-TERM LIABILITIES
Long-Term Debt	$555.9M	$415.3M
YoY Change	33.86%	18.76%
Other Long-Term Liabilities	$29.20M	$33.80M
YoY Change	-13.61%	412.12%
Total Long-Term Liabilities	$585.1M	$449.1M
YoY Change	30.28%	26.05%
TOTAL LIABILITIES
Total Short-Term Liabilities	$19.10M	$20.90M
Total Long-Term Liabilities	$585.1M	$449.1M
Total Liabilities	$616.9M	$473.3M
YoY Change	30.34%	26.18%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock		$3.000K
YoY Change		44.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$910.3M	$685.0M
YoY Change
Total Liabilities & Shareholders Equity	$1.527B	$1.158B
YoY Change	31.86%	40.3%

Cashflow Statement

Concept	2018 Q1	2017 Q1
OPERATING ACTIVITIES
Net Income	$16.45M	$14.58M
YoY Change	12.87%	95.35%
Depreciation, Depletion And Amortization	$5.676M	$4.510M
YoY Change	25.85%	33.51%
Cash From Operating Activities	$17.81M	$15.57M
YoY Change	14.4%	-5.63%
INVESTING ACTIVITIES
Capital Expenditures	-$104.2M	-$56.60M
YoY Change	84.1%	-269.97%
Acquisitions
YoY Change
Other Investing Activities	$20.00M	$9.800M
YoY Change	104.08%
Cash From Investing Activities	-$84.20M	-$46.82M
YoY Change	79.82%	17.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$1.167M	$945.0K
YoY Change	23.49%	-173.31%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$18.71M	$158.0K
YoY Change	11741.14%	-99.35%
NET CHANGE
Cash From Operating Activities	$17.81M	$15.57M
Cash From Investing Activities	-$84.20M	-$46.82M
Cash From Financing Activities	$18.71M	$158.0K
Net Change In Cash	-$47.68M	-$31.10M
YoY Change	53.33%	-3209.5%
FREE CASH FLOW
Cash From Operating Activities	$17.81M	$15.57M
Capital Expenditures	-$104.2M	-$56.60M
Free Cash Flow	$122.0M	$72.17M
YoY Change	69.06%	-529.59%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	936046000	USD
CY2018Q1	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	28449000	USD
CY2017Q4	us-gaap	Accumulated Distributions In Excess Of Net Income AccumulatedDistributionsInExcessOfNetIncome	28763000	USD
CY2017Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	1375000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	908661000	USD
CY2017Q4	us-gaap	Minority Interest MinorityInterest	2529000	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	911190000	USD
CY2017Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1494634000	USD
CY2018Q1	us-gaap	Senior Notes SeniorNotes	259146000	USD
CY2017Q4	us-gaap	Senior Notes SeniorNotes	259122000	USD
CY2018Q1	us-gaap	Below Market Lease Net BelowMarketLeaseNet	27523000	USD
CY2017Q4	us-gaap	Below Market Lease Net BelowMarketLeaseNet	30350000	USD
CY2018Q1	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	30743000	USD
CY2017Q1	us-gaap	Operating Leases Income Statement Minimum Lease Revenue OperatingLeasesIncomeStatementMinimumLeaseRevenue	24014000	USD
CY2018Q1	us-gaap	Percentage Rent PercentageRent	216000	USD
CY2017Q1	us-gaap	Tenant Reimbursements TenantReimbursements	2344000	USD
CY2017Q1	us-gaap	Revenues Revenues	26560000	USD
CY2018Q1	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	2377000	USD
CY2017Q1	us-gaap	Real Estate Tax Expense RealEstateTaxExpense	1808000	USD
CY2018Q1	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	1516000	USD
CY2017Q1	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	797000	USD
CY2018Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	163000	USD
CY2017Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	163000	USD
CY2018Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2862000	USD
CY2017Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	7025000	USD
CY2018Q1	us-gaap	Costs And Expenses CostsAndExpenses	16922000	USD
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	14286000	USD
CY2018Q1	us-gaap	Interest Expense InterestExpense	5465000	USD
CY2017Q1	us-gaap	Interest Expense InterestExpense	4138000	USD
CY2018Q1	us-gaap	Gains Losses On Sales Of Assets GainsLossesOnSalesOfAssets	4598000	USD
CY2018Q1	us-gaap	Profit Loss ProfitLoss	16636000	USD
CY2017Q1	us-gaap	Profit Loss ProfitLoss	14768000	USD
CY2018Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	185000	USD
CY2017Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	193000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	16451000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	14575000	USD
CY2018Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.53
CY2017Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.56
CY2018Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.53
CY2017Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.56
CY2018Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	99392000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	741000	USD
CY2018Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	18556000	USD
CY2017Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	15509000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest	206000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToNoncontrollingInterest	203000	USD
CY2018Q1	us-gaap	Other Income OtherIncome	46000	USD
CY2017Q1	us-gaap	Other Income OtherIncome	-10000	USD
CY2018Q1	us-gaap	Dividends Dividends	16318000	USD
CY2018Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	-93000	USD
CY2018Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Gross StockIssuedDuringPeriodValueRestrictedStockAwardGross	0	USD
CY2018Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	602000	USD
CY2018Q1	us-gaap	Stock Issued During Period Value Restricted Stock Award Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures	0	USD
CY2018Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	1074000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	1920000	USD
CY2018Q1	us-gaap	Depreciation Depreciation	5676000	USD
CY2017Q1	us-gaap	Depreciation Depreciation	4510000	USD
CY2018Q1	us-gaap	Adjustment For Amortization AdjustmentForAmortization	4328000	USD
CY2017Q1	us-gaap	Adjustment For Amortization AdjustmentForAmortization	2515000	USD
CY2018Q1	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	4598000	USD
CY2017Q1	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	4742000	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2817000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1608000	USD
CY2018Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-82000	USD
CY2017Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	440000	USD
CY2018Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1549000	USD
CY2017Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-590000	USD
CY2018Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-127000	USD
CY2017Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-173000	USD
CY2018Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-686000	USD
CY2017Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	461000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	17814000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	15571000	USD
CY2017Q1	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	53680000	USD
CY2018Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	4843000	USD
CY2017Q1	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	2937000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-84201000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-46824000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	-93000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	150000	USD
CY2018Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	76000000	USD
CY2017Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	39000000	USD
CY2018Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	14000000	USD
CY2017Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	24000000	USD
CY2018Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	25630000	USD
CY2017Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	590000	USD
CY2018Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	16122000	USD
CY2017Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	12952000	USD
CY2018Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	181000	USD
CY2017Q1	us-gaap	Payments To Minority Shareholders PaymentsToMinorityShareholders	172000	USD
CY2018Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	1060000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	18709000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	158000	USD
CY2018Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-47678000	USD
CY2017Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-31095000	USD
CY2017Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	58782000	USD
CY2016Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	33395000	USD
CY2018Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	11104000	USD
CY2017Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2300000	USD
CY2018Q1	us-gaap	Interest Paid Net InterestPaidNet	6226000	USD
CY2017Q1	us-gaap	Interest Paid Net InterestPaidNet	3618000	USD
CY2018Q1	us-gaap	Stock Issued1 StockIssued1	2396000	USD
CY2017Q1	us-gaap	Stock Issued1 StockIssued1	3648000	USD
CY2018Q1	us-gaap	Payments For Leasing Costs PaymentsForLeasingCosts	10000	USD
CY2017Q1	us-gaap	Payments For Leasing Costs PaymentsForLeasingCosts	389000	USD
CY2018Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1000	USD
CY2017Q1	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	4000	USD
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	602000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	629000	USD
CY2018Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	267000	USD
CY2017Q1	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	241000	USD
CY2018Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1074000	USD
CY2017Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	1095000	USD
CY2018Q1	us-gaap	Repayments Of Unsecured Debt RepaymentsOfUnsecuredDebt	190000	USD
CY2017Q1	us-gaap	Repayments Of Unsecured Debt RepaymentsOfUnsecuredDebt	179000	USD
CY2017Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	85000	USD
CY2018Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	324000	USD
CY2017Q1	us-gaap	Dividends Common Stock DividendsCommonStock	13151000	USD
CY2018Q1	us-gaap	Dividends Common Stock DividendsCommonStock	16318000	USD
CY2018Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	20044000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	10182000	USD
CY2018Q1	adc	Ownership Percentage On Controlling Interest By Parent OwnershipPercentageOnControllingInterestByParent	0.989	pure
CY2018Q1	adc	Cash In Excess Of Fdic Insured Amounts CashInExcessOfFdicInsuredAmounts	10200000	USD
CY2017Q4	adc	Cash In Excess Of Fdic Insured Amounts CashInExcessOfFdicInsuredAmounts	57500000	USD
CY2018Q1	us-gaap	Reimbursement Revenue ReimbursementRevenue	2100000	USD
CY2017	us-gaap	Reimbursement Revenue ReimbursementRevenue	1400000	USD
CY2018Q1	us-gaap	Deferred Rent Receivables Net DeferredRentReceivablesNet	13600000	USD
CY2017Q4	us-gaap	Deferred Rent Receivables Net DeferredRentReceivablesNet	12900000	USD
CY2018Q1	us-gaap	Amortization Of Deferred Charges AmortizationOfDeferredCharges	4379000	USD
CY2017Q1	us-gaap	Amortization Of Deferred Charges AmortizationOfDeferredCharges	2567000	USD
CY2018Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	17551000	USD
CY2018Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	16969000	USD
CY2018Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	16664000	USD
CY2018Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	15995000	USD
CY2018Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	15565000	USD
CY2018Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	101020000	USD
CY2018Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	183764000	USD
CY2017Q1	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	26182994	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	229897	shares
CY2017Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	56023	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	31013545	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Restricted Stock WeightedAverageNumberOfSharesRestrictedStock	212074	shares
CY2018Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	49587	shares
CY2018Q1	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	20000000	USD
CY2018Q1	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	463	pure
CY2018Q1	us-gaap	Land Subject To Ground Leases LandSubjectToGroundLeases	8900000	sqft
CY2017Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	436	pure
CY2017Q4	us-gaap	Land Subject To Ground Leases LandSubjectToGroundLeases	8700000	sqft
CY2018Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	42795000	USD
CY2018Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	3867000	USD
CY2018Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	76998000	USD
CY2017Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	108000000	USD
CY2018Q1	us-gaap	Derivative Net Liability Position Aggregate Fair Value DerivativeNetLiabilityPositionAggregateFairValue	1000000	USD
CY2018Q1	us-gaap	Assets Needed For Immediate Settlement Aggregate Fair Value AssetsNeededForImmediateSettlementAggregateFairValue	1000000	USD
CY2018Q1	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	3270000	USD
CY2018Q1	us-gaap	Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral	0	USD
CY2018Q1	us-gaap	Derivative Assets DerivativeAssets	3270000	USD
CY2018Q1	us-gaap	Derivative Asset Not Subject To Master Netting Arrangement DerivativeAssetNotSubjectToMasterNettingArrangement	0	USD
CY2018Q1	us-gaap	Derivative Asset Collateral Obligation To Return Cash Offset DerivativeAssetCollateralObligationToReturnCashOffset	0	USD
CY2018Q1	us-gaap	Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	3270000	USD
CY2018Q1	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	0	USD
CY2018Q1	us-gaap	Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral	0	USD
CY2018Q1	us-gaap	Derivative Liabilities DerivativeLiabilities	0	USD
CY2018Q1	us-gaap	Derivative Liability Not Subject To Master Netting Arrangement DerivativeLiabilityNotSubjectToMasterNettingArrangement	0	USD
CY2018Q1	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	0	USD
CY2018Q1	us-gaap	Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	0	USD
CY2017Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	1592000	USD
CY2017Q4	us-gaap	Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral	0	USD
CY2017Q4	us-gaap	Derivative Assets DerivativeAssets	1592000	USD
CY2017Q4	us-gaap	Derivative Asset Not Subject To Master Netting Arrangement DerivativeAssetNotSubjectToMasterNettingArrangement	42000	USD
CY2017Q4	us-gaap	Derivative Asset Collateral Obligation To Return Cash Offset DerivativeAssetCollateralObligationToReturnCashOffset	0	USD
CY2017Q4	us-gaap	Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	1550000	USD
CY2017Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	242000	USD
CY2017Q4	us-gaap	Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral	0	USD
CY2017Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	242000	USD
CY2017Q4	us-gaap	Derivative Liability Not Subject To Master Netting Arrangement DerivativeLiabilityNotSubjectToMasterNettingArrangement	42000	USD
CY2017Q4	us-gaap	Derivative Collateral Right To Reclaim Cash DerivativeCollateralRightToReclaimCash	0	USD
CY2017Q4	us-gaap	Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection	200000	USD
CY2018Q1	adc	Derivative Liability Fixed Rate Debt Carrying Value DerivativeLiabilityFixedRateDebtCarryingValue	479900000	USD
CY2017Q4	adc	Derivative Liability Fixed Rate Debt Carrying Value DerivativeLiabilityFixedRateDebtCarryingValue	505600000	USD
CY2018Q1	adc	Derivative Liability Fixed Rate Debt Fair Value DerivativeLiabilityFixedRateDebtFairValue	483500000	USD
CY2017Q4	adc	Derivative Liability Fixed Rate Debt Fair Value DerivativeLiabilityFixedRateDebtFairValue	516500000	USD
CY2018Q1	adc	Derivative Liability Variable Rate Debt Fair Value DerivativeLiabilityVariableRateDebtFairValue	76000000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1188614000	USD
CY2018Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	17947000	USD
CY2017Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	15477000	USD
CY2018Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	278000	USD
CY2017Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	296000	USD
CY2018Q1	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	509000	USD
CY2017Q4	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	433000	USD
CY2018Q1	us-gaap	Deferred Costs Leasing Accumulated Amortization DeferredCostsLeasingAccumulatedAmortization	739000	USD
CY2017Q4	us-gaap	Deferred Costs Leasing Accumulated Amortization DeferredCostsLeasingAccumulatedAmortization	814000	USD
CY2018Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	47000000	USD
CY2017Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	41390000	USD
CY2018Q1	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	13175000	USD
CY2017Q4	us-gaap	Below Market Lease Accumulated Amortization BelowMarketLeaseAccumulatedAmortization	11357000	USD
CY2018Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2017Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2017Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	45000000	shares
CY2018Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	45000000	shares
CY2018Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	31033259	shares
CY2018Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	31033259	shares
CY2017Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	31004900	shares
CY2017Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	31004900	shares
CY2018Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	4000000	shares
CY2018Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	4000000	shares
CY2018Q1	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	18350000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	15306000	USD
CY2018Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	50000	USD
CY2017Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	122000	USD
CY2018Q1	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	94000	USD
CY2017Q1	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	0	USD
CY2018Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	144000	USD
CY2017Q1	us-gaap	Real Estate Inventory Capitalized Interest Costs RealEstateInventoryCapitalizedInterestCosts	67000	USD
CY2018Q1	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 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>
CY2018Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	13599	shares
CY2017Q4	adc	Derivative Liability Variable Rate Debt Fair Value DerivativeLiabilityVariableRateDebtFairValue	14000000	USD
CY2018Q1	us-gaap	Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet	1920000	USD
CY2017Q1	us-gaap	Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet	741000	USD
CY2018Q1	us-gaap	Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet	-94000	USD
CY2017Q1	us-gaap	Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet	-464000	USD
CY2018Q1	us-gaap	Interest And Debt Expense InterestAndDebtExpense	300000	USD
CY2018Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	2517000	USD
CY2018Q1	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><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Reclassification</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. Income tax expense is presented in Other (Expense) Income of the Consolidated Statement of Operations and Comprehensive Income. In previously filed reports, income tax expense was included in general and administrative expenses of the Consolidated Statement of Operations and Comprehensive Income.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2018Q1	adc	Real Estate Heldforsale Land RealEstateHeldforsaleLand	2525000	USD
CY2017Q4	adc	Real Estate Heldforsale Land RealEstateHeldforsaleLand	393000	USD
CY2018Q1	adc	Real Estate Heldforsale Building RealEstateHeldforsaleBuilding	5837000	USD
CY2017Q4	adc	Real Estate Heldforsale Building RealEstateHeldforsaleBuilding	1857000	USD
CY2018Q1	adc	Real Estate Heldforsale Lease Intangibles RealEstateHeldforsaleLeaseIntangibles	-458000	USD
CY2017Q4	adc	Real Estate Heldforsale Lease Intangibles RealEstateHeldforsaleLeaseIntangibles	557000	USD
CY2018Q1	adc	Real Estate Heldforsale Accumulated Depreciation RealEstateHeldforsaleAccumulatedDepreciation	-208000	USD
CY2017Q4	adc	Real Estate Heldforsale Accumulated Depreciation RealEstateHeldforsaleAccumulatedDepreciation	-387000	USD
CY2018Q1	adc	Real Estate Heldforsalegross RealEstateHeldforsalegross	7904000	USD
CY2017Q4	adc	Real Estate Heldforsalegross RealEstateHeldforsalegross	2807000	USD

Files In Submission

Name	View Source	Status
0001144204-18-021820-index-headers.html	Edgar Link	pending
0001144204-18-021820-index.html	Edgar Link	pending
0001144204-18-021820.txt	Edgar Link	pending
0001144204-18-021820-xbrl.zip	Edgar Link	pending
adc-20180331.xml	Edgar Link	completed
adc-20180331.xsd	Edgar Link	pending
adc-20180331_cal.xml	Edgar Link	unprocessable
adc-20180331_def.xml	Edgar Link	unprocessable
adc-20180331_lab.xml	Edgar Link	unprocessable
adc-20180331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
tv491240_10q.htm	Edgar Link	pending
tv491240_ex31-1.htm	Edgar Link	pending
tv491240_ex31-2.htm	Edgar Link	pending
tv491240_ex32-1.htm	Edgar Link	pending
tv491240_ex32-2.htm	Edgar Link	pending

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$ADC
AGREE REALTY CORP Stock $adc

2018 Q1 Form 10-Q Financial Statement

#000114420418021820 Filed on April 23, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ADC AGREE REALTY CORP Stock $adc

2018 Q1 Form 10-Q Financial Statement

#000114420418021820 Filed on April 23, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ADC
AGREE REALTY CORP Stock $adc