2014 Q3 Form 10-Q Financial Statement

#000089962914000026 Filed on August 01, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $47.66M $49.51M $40.81M
YoY Change 16.0% 21.33% 44.42%
Cost Of Revenue $10.84M $11.31M $9.660M
YoY Change -4.32% 17.08% 82.26%
Gross Profit $36.82M $38.21M $31.15M
YoY Change 23.76% 22.66% 83.88%
Gross Profit Margin 77.26% 77.17% 76.33%
Selling, General & Admin $7.120M $6.880M $6.300M
YoY Change 33.33% 9.21% 21.39%
% of Gross Profit 19.34% 18.01% 20.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.90M $11.60M $11.00M
YoY Change 22.86% 5.45% 7.84%
% of Gross Profit 35.04% 30.36% 35.31%
Operating Expenses $32.43M $30.68M $25.95M
YoY Change 15.99% 18.24% 7.87%
Operating Profit $15.23M $18.83M $14.86M
YoY Change 16.03% 26.72% 70.96%
Interest Expense -$7.220M -$8.100M -$9.110M
YoY Change 12.99% -11.09% -1420.29%
% of Operating Profit -47.41% -43.01% -61.29%
Other Income/Expense, Net
YoY Change
Pretax Income $111.1M $11.23M $4.252M
YoY Change 1547.94% 163.99% -31.58%
Income Tax -$17.00K -$83.00K $10.00K
% Of Pretax Income -0.02% -0.74% 0.24%
Net Earnings $111.1M $11.87M $9.614M
YoY Change 1114.96% 23.44% -13.98%
Net Earnings / Revenue 233.05% 23.97% 23.56%
Basic Earnings Per Share $0.47 $0.19 $0.16
Diluted Earnings Per Share $0.47 $0.19 $0.16
COMMON SHARES
Basic Shares Outstanding 59.32M shares 57.38M shares 55.08M shares
Diluted Shares Outstanding 59.73M shares 58.03M shares 55.21M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $131.1M $86.80M $100.0M
YoY Change 48.3% -13.2% 50.38%
Cash & Equivalents $131.1M $86.80M $100.0M
Short-Term Investments
Other Short-Term Assets $57.40M $64.40M $40.70M
YoY Change 27.84% 58.23% 24.09%
Inventory $398.7M $364.4M
Prepaid Expenses
Receivables $33.30M $30.80M $33.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $620.5M $546.4M $173.7M
YoY Change 26.27% 214.57% 34.86%
LONG-TERM ASSETS
Property, Plant & Equipment $1.466B $1.377B $1.584B
YoY Change 29.68% -13.07% 6.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $123.7M $182.7M $188.3M
YoY Change -37.87% -2.97% 149.4%
Other Assets $105.8M $126.8M $227.4M
YoY Change -73.6% -44.24% 369.83%
Total Long-Term Assets $1.834B $1.826B $2.137B
YoY Change -1.28% -14.56% 55.41%
TOTAL ASSETS
Total Short-Term Assets $620.5M $546.4M $173.7M
Total Long-Term Assets $1.834B $1.826B $2.137B
Total Assets $2.455B $2.372B $2.311B
YoY Change 4.48% 2.67% 53.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $43.20M $39.60M $30.90M
YoY Change 17.71% 28.16% -18.25%
Accrued Expenses
YoY Change
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 $66.50M $62.40M $55.20M
YoY Change 8.84% 13.04% -19.42%
LONG-TERM LIABILITIES
Long-Term Debt $1.141B $1.074B $1.093B
YoY Change 13.59% -1.76% 27.87%
Other Long-Term Liabilities $44.80M $43.40M $48.30M
YoY Change -73.74% -10.14% 53.33%
Total Long-Term Liabilities $1.186B $1.117B $1.142B
YoY Change 0.91% -2.11% 28.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.50M $62.40M $55.20M
Total Long-Term Liabilities $1.186B $1.117B $1.142B
Total Liabilities $1.252B $1.180B $1.197B
YoY Change 1.3% -1.41% 25.33%
SHAREHOLDERS EQUITY
Retained Earnings $58.95M $44.20M $40.45M
YoY Change 53.95% 9.26% 18.42%
Common Stock $783.9M $758.1M $660.0M
YoY Change 18.73% 14.86% 58.66%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $841.3M $800.2M $699.7M
YoY Change
Total Liabilities & Shareholders Equity $2.455B $2.372B $2.311B
YoY Change 4.48% 2.67% 24.61%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $111.1M $11.87M $9.614M
YoY Change 1114.96% 23.44% -13.98%
Depreciation, Depletion And Amortization $12.90M $11.60M $11.00M
YoY Change 22.86% 5.45% 7.84%
Cash From Operating Activities $15.70M $23.80M $20.70M
YoY Change -5.99% 14.98% -2.36%
INVESTING ACTIVITIES
Capital Expenditures -$66.10M -$47.90M -$48.20M
YoY Change -1.2% -0.62% -42.62%
Acquisitions
YoY Change
Other Investing Activities $176.3M -$900.0K $45.90M
YoY Change 2160.26% -101.96% 1140.54%
Cash From Investing Activities $110.1M -$48.80M -$2.200M
YoY Change -286.29% 2118.18% -97.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -81.50M 39.00M -200.0K
YoY Change -365.47% -19600.0% -100.26%
NET CHANGE
Cash From Operating Activities 15.70M 23.80M 20.70M
Cash From Investing Activities 110.1M -48.80M -2.200M
Cash From Financing Activities -81.50M 39.00M -200.0K
Net Change In Cash 44.30M 14.00M 18.30M
YoY Change -478.63% -23.5% 8.93%
FREE CASH FLOW
Cash From Operating Activities $15.70M $23.80M $20.70M
Capital Expenditures -$66.10M -$47.90M -$48.20M
Free Cash Flow $81.80M $71.70M $68.90M
YoY Change -2.15% 4.06% -34.51%

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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
822000 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
99000 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.02
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.02
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4459000 USD
CY2014Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1430000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3065000 USD
CY2013Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
815000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
85000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-83000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-129000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
137000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
316000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
597000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1292000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
834000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2131000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
658000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-941000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-7570000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
11298000 USD
CY2014Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
CY2013Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
25000 shares
CY2014Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
19000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
28000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
48000 shares
CY2013Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
37000 shares
us-gaap Interest And Debt Expense
InterestAndDebtExpense
19211000 USD
us-gaap Interest And Debt Expense
InterestAndDebtExpense
20185000 USD
CY2013Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
9926000 USD
CY2014Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
9534000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
6095000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
3994000 USD
us-gaap Interest Paid Net
InterestPaidNet
16668000 USD
us-gaap Interest Paid Net
InterestPaidNet
23486000 USD
CY2014Q2 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
8417000 USD
CY2013Q4 us-gaap Inventory Real Estate Construction In Process
InventoryRealEstateConstructionInProcess
4836000 USD
CY2014Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1235017000 USD
CY2013Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1140613000 USD
CY2014Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
182721000 USD
CY2013Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
181322000 USD
CY2014Q2 us-gaap Land
Land
374835000 USD
CY2013Q4 us-gaap Land
Land
336251000 USD
CY2014Q2 us-gaap Liabilities
Liabilities
1179835000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
1143369000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2264957000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2372196000 USD
CY2014Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2013Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
2507000 USD
CY2014Q2 us-gaap Long Term Debt
LongTermDebt
1074029000 USD
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
1039997000 USD
CY2014Q2 us-gaap Minority Interest
MinorityInterest
392135000 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
417352000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
55323000 USD
CY2014Q2 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
MortgageLoansOnRealEstateCarryingAmountOfMortgages
96307000 USD
CY2013Q4 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
MortgageLoansOnRealEstateCarryingAmountOfMortgages
126656000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
84459000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
130729000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-101110000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-169123000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
46002000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24860000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2076000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2413000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
404000 USD
CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
857000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11464000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18380000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8757000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
33059000 USD
CY2014Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
135 property
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2013Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
22394000 USD
CY2014Q2 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
23848000 USD
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
30677000 USD
us-gaap Operating Expenses
OperatingExpenses
51783000 USD
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
25945000 USD
us-gaap Operating Expenses
OperatingExpenses
62641000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
18834000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
33555000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
14863000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
31314000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
69930000 USD
CY2013Q2 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
30712000 USD
CY2014Q2 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
36112000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
59493000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1846000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4941000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4441000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3339000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1337000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-1773000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-745000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-936000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
4196000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-5112000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
3104000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2782000 USD
CY2013Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
389000 USD
CY2014Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
908000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1595000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1901000 USD
CY2013Q4 us-gaap Other Liabilities
OtherLiabilities
18265000 USD
CY2014Q2 us-gaap Other Liabilities
OtherLiabilities
19543000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1737000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2703000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
3431000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
3662000 USD
CY2013Q2 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
334000 USD
CY2014Q2 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
2518000 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
2033000 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
11229000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
68311000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
43567000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
20827000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
25814000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1495000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1324000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
51231000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
28100000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
19362000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
107600000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
109100000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
56730000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
19080000 USD
CY2013Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
44212000 USD
CY2014Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
65292000 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to the 2013 financial statements to conform to the 2014 presentation.</font></div></div>
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
5529000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
75871000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
11990000 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
2454000 USD
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
5550000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
88499000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
189700000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
333760000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
15567000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
31046000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
-153022000 USD
us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
38513000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
19158000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
11816000 USD
us-gaap Profit Loss
ProfitLoss
30983000 USD
us-gaap Profit Loss
ProfitLoss
20793000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
11868000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
9614000 USD
CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
229538000 USD
CY2014Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
241446000 USD
CY2014Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1618269000 USD
CY2013Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1481700000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1252162000 USD
CY2014Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1376823000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
96196000 USD
CY2013Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
40808000 USD
CY2014Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
49511000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
83097000 USD
CY2013Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
5062000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
11239000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
10083000 USD
CY2014Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
5569000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
136907000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
132452000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
109795000 USD
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
71282000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
37747000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
44202000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2786000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3833000 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
4546000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
704236000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
800226000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1121588000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1192361000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
13646000 USD
CY2013Q2 us-gaap Tenant Reimbursements
TenantReimbursements
6364000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
16622000 USD
CY2014Q2 us-gaap Tenant Reimbursements
TenantReimbursements
7832000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
32375000 USD
CY2014Q2 us-gaap Undistributed Earnings
UndistributedEarnings
11168000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
17247000 USD
CY2013Q2 us-gaap Undistributed Earnings
UndistributedEarnings
7827000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
311000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
585000 USD
CY2013Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
140000 USD
CY2014Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
197000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54357000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57042000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58032000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55208000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
58013000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
54309000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
55171000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
56989000 shares
CY2014Q2 akr Assets Continued Operations
AssetsContinuedOperations
2372196000 USD
CY2013Q2 akr Assets Continued Operations
AssetsContinuedOperations
2310544000 USD
akr Consolidation Of Previously Unconsolidated Investments
ConsolidationOfPreviouslyUnconsolidatedInvestments
-1864000 USD
akr Consolidation Of Previously Unconsolidated Investments
ConsolidationOfPreviouslyUnconsolidatedInvestments
0 USD
akr Conversion Of Note Receivable To Acquire Real Estate
ConversionOfNoteReceivableToAcquireRealEstate
38000000 USD
akr Conversion Of Note Receivable To Acquire Real Estate
ConversionOfNoteReceivableToAcquireRealEstate
18500000 USD
akr Deferred Acquisition And Leasing Cost
DeferredAcquisitionAndLeasingCost
3099000 USD
akr Deferred Acquisition And Leasing Cost
DeferredAcquisitionAndLeasingCost
1224000 USD
akr Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Gross
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationGross
13500000 USD
CY2013Q4 akr Disposal Group Including Discontinued Operation Accounts Payable And Accrued Expenses
DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedExpenses
1473000 USD
CY2013Q4 akr Disposal Group Including Discontinued Operation Deferred Charges Net Of Amortization
DisposalGroupIncludingDiscontinuedOperationDeferredChargesNetOfAmortization
38000 USD
CY2013Q4 akr Disposal Group Including Discontinued Operation Net Real Estate
DisposalGroupIncludingDiscontinuedOperationNetRealEstate
17991000 USD
CY2013Q4 akr Disposal Group Including Discontinued Operation Prepaid Expenses And Other Assets Net
DisposalGroupIncludingDiscontinuedOperationPrepaidExpensesAndOtherAssetsNet
1840000 USD
CY2013Q4 akr Disposal Group Including Discontinued Operation Rents Receivable Net
DisposalGroupIncludingDiscontinuedOperationRentsReceivableNet
565000 USD
akr Disposalof Real Estate Through Cancellationof Debt
DisposalofRealEstateThroughCancellationofDebt
22865000 USD
akr Disposalof Real Estate Through Cancellationof Debt
DisposalofRealEstateThroughCancellationofDebt
0 USD
CY2014Q2 akr Distributions In Excess Of Income From And Investments In Unconsolidated Affiliates
DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates
8491000 USD
CY2013Q4 akr Distributions In Excess Of Income From And Investments In Unconsolidated Affiliates
DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates
8701000 USD
akr Financing Receivable Allowancefor Credit Losses Charge Offs And Reclassifications
FinancingReceivableAllowanceforCreditLossesChargeOffsAndReclassifications
0 USD
akr Gain Losson Disposalof Property Plantand Equipmentand Discontinued Operations Netof Tax
GainLossonDisposalofPropertyPlantandEquipmentandDiscontinuedOperationsNetofTax
4191000 USD
akr Gain Losson Disposalof Property Plantand Equipmentand Discontinued Operations Netof Tax
GainLossonDisposalofPropertyPlantandEquipmentandDiscontinuedOperationsNetofTax
13508000 USD
CY2014Q2 akr Gross Leasable Area
GrossLeasableArea
394323 sqft
akr Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
1767000 USD
akr Increase Decrease In Escrow Deposit
IncreaseDecreaseInEscrowDeposit
5691000 USD
akr Interest In Previously Unconsolidated Affiliate Mortgage Notes Payable
InterestInPreviouslyUnconsolidatedAffiliateMortgageNotesPayable
0 USD
akr Interest In Previously Unconsolidated Affiliate Mortgage Notes Payable
InterestInPreviouslyUnconsolidatedAffiliateMortgageNotesPayable
166200000 USD
akr Interest In Previously Unconsolidated Affiliate Other Assets And Liabilities
InterestInPreviouslyUnconsolidatedAffiliateOtherAssetsAndLiabilities
0 USD
akr Interest In Previously Unconsolidated Affiliate Other Assets And Liabilities
InterestInPreviouslyUnconsolidatedAffiliateOtherAssetsAndLiabilities
-1605000 USD
akr Interest In Previously Unconsolidated Affiliate Real Estate Net
InterestInPreviouslyUnconsolidatedAffiliateRealEstateNet
118484000 USD
akr Interest In Previously Unconsolidated Affiliate Real Estate Net
InterestInPreviouslyUnconsolidatedAffiliateRealEstateNet
0 USD
akr Interest In Previously Unconsolidated Affiliate Return Of Capital
InterestInPreviouslyUnconsolidatedAffiliateReturnOfCapital
10298000 USD
akr Interest In Previously Unconsolidated Affiliate Return Of Capital
InterestInPreviouslyUnconsolidatedAffiliateReturnOfCapital
0 USD
akr Interestin Previously Unconsolidated Affiliate Noncontrolling Interest1
InterestinPreviouslyUnconsolidatedAffiliateNoncontrollingInterest1
0 USD
akr Interestin Previously Unconsolidated Affiliate Noncontrolling Interest1
InterestinPreviouslyUnconsolidatedAffiliateNoncontrollingInterest1
33949000 USD
CY2014Q2 akr Investmentin Redevelopmentand Improvements1
InvestmentinRedevelopmentandImprovements1
30806000 USD
akr Investmentin Redevelopmentand Improvements1
InvestmentinRedevelopmentandImprovements1
68311000 USD
akr Investmentin Redevelopmentand Improvements1
InvestmentinRedevelopmentandImprovements1
43567000 USD
CY2013Q2 akr Investmentin Redevelopmentand Improvements1
InvestmentinRedevelopmentandImprovements1
25626000 USD
akr Mortgage Interest Income
MortgageInterestIncome
6213000 USD
CY2013Q2 akr Mortgage Interest Income
MortgageInterestIncome
3398000 USD
akr Mortgage Interest Income
MortgageInterestIncome
6296000 USD
CY2014Q2 akr Mortgage Interest Income
MortgageInterestIncome
3049000 USD
CY2014Q2 akr Mortgage Loans On Real Estate Net Carrying Amount
MortgageLoansOnRealEstateNetCarryingAmount
96300000 USD
CY2014Q2 akr Mortgage Loanson Real Estate Carrying Amountof Mortgages And Preferred Equity Investments
MortgageLoansonRealEstateCarryingAmountofMortgagesAndPreferredEquityInvestments
96307000 USD
CY2013Q4 akr Mortgage Loanson Real Estate Carrying Amountof Mortgages And Preferred Equity Investments
MortgageLoansonRealEstateCarryingAmountofMortgagesAndPreferredEquityInvestments
126656000 USD
CY2014Q2 akr Mortgage Loanson Real Estate Nonperforming Loans Amount
MortgageLoansonRealEstateNonperformingLoansAmount
9100000 USD
akr Mortgage Loanson Real Estate Numberof Non Performing Loans
MortgageLoansonRealEstateNumberofNonPerformingLoans
3 loan
akr Noncontrolling Interest Increase From Contributions
NoncontrollingInterestIncreaseFromContributions
31046000 USD
CY2014Q2 akr Number Of Opportunity Funds
NumberOfOpportunityFunds
4 opportunity_fund
akr Other Employeeand Trustee Share Based Compensation Expense Net
OtherEmployeeandTrusteeShareBasedCompensationExpenseNet
0 USD
akr Other Employeeand Trustee Share Based Compensation Expense Net
OtherEmployeeandTrusteeShareBasedCompensationExpenseNet
326000 USD
akr Proceeds From Sale Of Real Estate Held For Investment Gross
ProceedsFromSaleOfRealEstateHeldForInvestmentGross
46500000 USD
CY2014Q2 akr Property Operating Expenses And Real Estate Taxes
PropertyOperatingExpensesAndRealEstateTaxes
12214000 USD
akr Property Operating Expenses And Real Estate Taxes
PropertyOperatingExpensesAndRealEstateTaxes
25695000 USD
akr Property Operating Expenses And Real Estate Taxes
PropertyOperatingExpensesAndRealEstateTaxes
21027000 USD
CY2013Q2 akr Property Operating Expenses And Real Estate Taxes
PropertyOperatingExpensesAndRealEstateTaxes
10044000 USD
CY2014Q2 akr Real Estate Acquired1
RealEstateAcquired1
17100000 USD
akr Real Estate Acquired1
RealEstateAcquired1
107600000 USD
akr Real Estate Acquired1
RealEstateAcquired1
109100000 USD
CY2013Q2 akr Real Estate Acquired1
RealEstateAcquired1
22500000 USD
CY2014Q2 akr Real Estate Investment Property And Developmentin Process At Cost
RealEstateInvestmentPropertyAndDevelopmentinProcessAtCost
1982629000 USD
CY2013Q2 akr Real Estate Investment Property And Developmentin Process At Cost
RealEstateInvestmentPropertyAndDevelopmentinProcessAtCost
1610422000 USD
akr Return Of Capital From Unconsolidated Affiliates
ReturnOfCapitalFromUnconsolidatedAffiliates
86678000 USD
akr Return Of Capital From Unconsolidated Affiliates
ReturnOfCapitalFromUnconsolidatedAffiliates
24326000 USD
akr Stock Issued During Period Value Net Of Issuance Costs
StockIssuedDuringPeriodValueNetOfIssuanceCosts
90957000 USD
akr Stockholders Equity Including Portion Attributable To Noncontrolling Interest Before Comprehensive Income
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestBeforeComprehensiveIncome
1164717000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000899629
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
59318268 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
ACADIA REALTY TRUST

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akr-20140630.xml Edgar Link completed
akr-20140630.xsd Edgar Link pending
akr-20140630_cal.xml Edgar Link unprocessable
akr-20140630_def.xml Edgar Link unprocessable
akr-20140630_lab.xml Edgar Link unprocessable
akr-20140630_pre.xml Edgar Link unprocessable
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