Acadia realty trust (AKR)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Rental income

70,457

75,869

72,191

69,942

73,188

101,404

51,003

51,322

50,779

93,378

51,707

48,468

48,585

43,328

35,710

35,186

38,590

39,939

40,722

39,784

38,187

38,586

36,587

36,112

33,818

32,633

30,604

30,712

28,781

16,244

21,708

24,099

21,951

-16,550

28,075

27,868

26,388

26,688

24,662

Expense reimbursements

-

-

-

-

-

-

13,194

10,598

11,208

-

9,957

10,074

12,316

9,362

7,192

7,769

7,959

10,395

8,020

7,825

10,066

8,634

7,386

7,832

8,790

7,394

7,333

6,364

7,282

4,704

4,567

5,760

5,402

1,866

5,291

5,507

5,204

4,636

4,574

Revenues

71,420

76,953

73,327

71,062

73,985

67,461

65,527

63,569

63,124

64,371

62,678

59,504

61,999

54,121

43,855

43,918

48,045

36,569

56,852

53,161

52,481

35,825

47,660

49,511

46,685

44,103

41,086

40,808

42,289

23,498

28,831

32,745

29,913

-12,987

35,869

37,528

37,447

37,588

35,467

Management fee income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

288

629

346

436

Operating expenses
Depreciation and amortization

33,377

32,636

32,170

30,304

30,333

30,794

28,676

29,503

28,576

27,689

26,652

26,057

24,536

23,267

15,217

14,678

16,849

15,729

17,461

13,903

13,658

13,590

12,884

11,584

11,587

11,021

10,450

9,599

9,229

5,165

7,376

8,201

7,146

-3,143

8,183

8,301

7,634

8,687

6,472

General and administrative

9,070

9,837

8,222

9,034

8,323

9,984

7,982

7,907

8,470

8,470

7,953

8,864

8,469

9,906

12,869

8,521

9,352

7,228

7,603

8,005

7,532

6,535

7,123

6,879

6,896

8,292

5,335

6,302

5,626

4,576

5,517

5,205

5,925

5,849

5,758

5,699

5,690

5,317

5,416

Real estate taxes

10,447

9,635

10,225

9,852

9,603

9,184

11,538

7,031

8,959

8,484

8,822

8,034

10,606

7,630

6,195

5,640

6,165

6,520

6,153

6,419

6,292

6,157

5,666

5,569

5,670

4,973

5,866

5,062

5,021

3,151

4,353

4,744

4,139

-467

4,900

4,585

4,138

4,523

4,144

Property operating

13,320

13,055

13,180

13,386

11,532

9,704

10,113

12,524

10,338

12,980

9,417

9,364

8,197

8,547

5,055

5,105

5,537

8,192

6,304

6,196

7,731

6,802

5,170

5,737

7,124

6,515

5,468

4,593

4,450

4,514

3,874

4,620

4,422

-7,561

6,397

7,160

7,421

6,887

6,302

Impairment charges

51,549

-

321

1,400

-

-

-

-

-

-

3,840

-

-

-

0

-

-

-

0

5,000

-

-

0

0

-

-

0

1,500

-

-

0

0

-

-

-

-

-

-

-

Other operating

-

-

-

-

-

202

270

305

80

1,197

250

443

294

3,423

3,265

538

291

1,560

396

599

2,120

593

1,588

908

687

1,862

842

389

1,512

970

613

1,281

1,035

809

568

78

0

-

-

Total operating expenses

117,763

65,163

64,118

63,976

59,791

59,868

58,579

57,270

56,423

69,435

56,934

52,762

52,102

52,773

42,601

34,482

38,194

39,229

37,917

40,122

37,333

33,677

32,431

30,677

31,964

34,163

27,961

25,945

25,838

18,781

21,733

24,051

22,667

-4,513

25,806

25,823

24,883

25,414

22,334

Income (loss) from continuing operations before gain on disposition of properties

-

-

-

-

-

-

-

-

-4,160

-

313

6,108

-

34,236

326

9,583

8,482

-

-

-

-

-3,709

111,072

11,308

19,115

6,153

6,553

4,242

9,555

5,016

-1,421

5,176

496

-6,460

3,771

2,658

4,908

1,803

37,024

Gain on disposition of properties

-

16,254

12,056

0

2,014

-

5,107

33

-

-

12,972

0

-

0

0

16,572

65,393

0

79

61,841

27,143

0

190

561

12,387

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Operating (loss) income

-46,343

28,044

21,265

7,086

16,208

7,593

12,055

6,332

6,701

43,822

5,744

6,742

9,897

1,348

1,254

9,436

9,851

-2,660

18,935

13,039

15,148

2,148

15,229

18,834

14,721

9,940

13,125

14,863

16,451

4,717

7,098

8,694

7,246

-8,474

10,063

11,705

12,564

12,174

13,133

Equity in earnings of unconsolidated affiliates

1,255

1,793

1,299

3,559

2,271

2,223

376

5,019

1,684

2,327

4,001

4,340

12,703

35,857

-102

1,740

1,954

25,136

2,195

3,406

6,593

104,196

2,923

1,430

3,029

5,108

4,209

815

2,250

-1,447

-2,538

4,591

-56

-1,470

3,110

63

-148

143

80

Interest and other income

-

-

-

4,142

-

-

-

3,289

-

-

-

8,203

8,984

-

7,245

7,415

4,638

3,482

5,728

3,985

3,408

3,388

3,006

3,049

3,164

2,535

2,969

3,398

2,898

1,954

1,921

2,097

2,055

2,212

1,585

3,370

4,538

5,206

5,238

Gain from bargain purchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

33,805

Interest income

2,929

-

1,748

-

2,270

-

3,513

-

3,737

-

6,461

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54

-

105

80

34

175

153

Other expense

530

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

-

-

5,034

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

18,302

17,067

19,103

19,759

17,859

19,096

18,077

16,915

15,890

19,312

15,428

12,750

11,488

9,728

7,982

8,897

8,038

9,167

9,345

9,964

8,821

9,099

10,142

9,534

10,651

9,668

10,595

9,926

9,285

3,096

6,085

7,070

6,560

-4,157

9,692

8,855

8,953

9,904

9,502

(Loss) income from continuing operations before income taxes

-60,991

14,511

10,243

-4,972

2,890

-6,588

-2,133

-2,275

-3,768

37,903

778

6,535

20,096

34,008

415

9,694

8,405

-81,464

18,802

85,402

39,954

-3,148

111,055

11,225

19,283

6,115

6,739

4,252

9,416

3,319

-1,525

6,215

684

-6,006

3,283

2,891

5,170

2,588

37,669

Income tax benefit

-952

-154

1,403

265

-46

83

464

-5

392

-13

465

427

125

-228

89

111

-77

-272

698

-56

1,417

561

-17

-83

168

-38

186

10

-139

-1,697

-104

1,039

188

454

-488

233

262

785

645

Discontinued operations
Operating income from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,424

2,589

1,181

1,624

4,189

2,159

3,332

2,327

6,503

876

732

822

478

473

Impairment of asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,925

-

0

0

Gain on disposition of properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

560

-

14,611

0

4,191

0

-

5,917

2,668

-

14,332

0

28,576

3,922

0

0

Income from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

560

-

8,552

2,589

5,372

1,624

-

8,076

6,000

-

20,835

876

22,383

4,744

478

473

Gain on disposition of property of unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,938

17,105

-

-

102,855

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-25

-109

-

0

-66

-203

-765

0

0

0

-

-

-

-

0

-303

-102

1,673

0

0

Net (loss) income

-60,039

14,665

8,840

-5,237

2,936

-6,671

-2,597

-2,270

-4,160

24,944

13,285

6,108

19,971

34,236

326

26,155

73,875

7,871

18,104

85,458

38,537

-

111,072

11,868

-

14,705

9,142

9,614

11,179

69,282

6,655

11,176

2,823

14,375

4,647

25,041

9,652

2,281

37,497

Noncontrolling interests
Net income attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,950

-

-

-

-

-

82,508

-57

-

-1,421

-2,342

-3,725

-35

-3,468

-7,223

-669

-2,992

-8,897

2

-1,562

-3,277

-2,908

-24,647

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

461

-

3,876

1,999

4,582

1,591

51,474

6,297

5,006

1,805

15,385

634

-3,631

3,506

72

-52

Net loss attributable to noncontrolling interests

-51,625

-6,645

-1,618

-14,317

-9,261

-13,801

-11,822

-9,935

-11,579

4,032

418

-5,952

4,340

-

-5,786

8,237

-

-1,019

4,328

58,963

21,990

650

82,508

404

-2,480

2,455

-343

857

1,556

48,006

-926

4,337

-1,187

6,488

636

-5,193

229

-2,836

-24,699

Net (loss) income attributable to Acadia

-8,414

21,310

10,458

9,080

12,197

7,130

9,225

7,665

7,419

20,912

12,867

12,060

15,631

19,821

6,112

17,918

28,925

8,890

13,776

26,495

16,547

9,441

28,564

11,464

21,595

12,250

9,485

8,757

9,623

21,276

7,581

6,839

4,010

7,887

4,011

30,234

9,423

5,117

12,798

Earnings Per Share, Basic and Diluted [Abstract]
Income from continuing operations to Acadia (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.13

0.16

0.14

0.18

0.18

0.12

0.13

0.08

0.06

0.09

0.10

0.20

0.12

0.31

Income from discontinued operations to Acadia (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.08

0.01

0.02

0.00

0.27

0.04

0.02

0.01

0.11

0.01

0.65

0.03

0.01

0.01

Basic earnings per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.19

0.38

0.21

0.17

0.16

0.18

0.45

0.16

0.15

0.09

0.17

0.10

0.75

0.23

0.13

0.32

Diluted earnings per share
Income from continuing operations to Acadia (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.13

0.16

0.14

0.18

0.18

0.12

0.13

0.08

0.06

0.09

0.10

0.20

0.12

0.31

Income from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.08

0.01

0.02

0.00

0.27

0.04

0.02

0.01

0.12

0.01

0.64

0.03

0.01

0.01

Diluted earnings per share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.21

0.17

0.16

0.18

0.45

0.16

0.15

0.09

0.18

0.10

0.74

0.23

0.13

0.32

Basic and diluted (loss) earnings per share (in dollars per share)

-0.10

0.24

0.12

0.11

0.15

0.09

0.11

0.09

0.09

0.26

0.15

0.14

0.18

0.22

0.08

0.24

0.40

0.12

0.20

0.38

0.24

-

0.47

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other
Revenues

963

1,084

1,136

1,120

797

1,057

1,330

1,649

1,137

3,340

1,014

962

1,098

1,431

953

963

1,496

-644

2,382

1,567

820

-2,176

681

2,518

913

1,541

180

334

3,328

596

635

789

505

402

918

495

688

712

557