$AKR
ACADIA REALTY TRUST

2019 Q1 Form 10-Q Financial Statement

#000156459019013113 Filed on April 25, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 Q1
Revenue $73.99M $62.23M
YoY Change 18.9% 0.37%
Cost Of Revenue $21.95M $19.30M
YoY Change 13.73% 2.66%
Gross Profit $52.85M $43.83M
YoY Change 20.58% 1.46%
Gross Profit Margin 71.43% 70.44%
Selling, General & Admin $8.320M $8.470M
YoY Change -1.77% 0.0%
% of Gross Profit 15.74% 19.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.33M $28.58M
YoY Change 6.15% 16.47%
% of Gross Profit 57.39% 65.2%
Operating Expenses $59.79M $56.42M
YoY Change 5.97% 8.29%
Operating Profit $16.21M $6.701M
YoY Change 141.87% -32.29%
Interest Expense -$13.32M -$10.47M
YoY Change 27.22% -202.65%
% of Operating Profit -82.18% -156.25%
Other Income/Expense, Net
YoY Change
Pretax Income $2.890M -$3.768M
YoY Change -176.7% -118.75%
Income Tax -$46.00K $392.0K
% Of Pretax Income -1.59%
Net Earnings $2.936M -$4.160M
YoY Change -170.58% -120.83%
Net Earnings / Revenue 3.97% -6.69%
Basic Earnings Per Share $0.15 $0.09
Diluted Earnings Per Share $0.15 $0.09
COMMON SHARES
Basic Shares Outstanding 82.04M 83.43M
Diluted Shares Outstanding 82.04M 83.44M

Balance Sheet

Concept 2019 Q1 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.80M $39.30M
YoY Change -29.26% -17.61%
Cash & Equivalents $27.77M $39.34M
Short-Term Investments
Other Short-Term Assets $16.10M $17.90M
YoY Change -10.06% 4.68%
Inventory $193.3M $182.4M
Prepaid Expenses
Receivables $77.80M $66.40M
Other Receivables $11.70M $12.40M
Total Short-Term Assets $326.7M $318.4M
YoY Change 2.61% -51.33%
LONG-TERM ASSETS
Property, Plant & Equipment $3.124B $2.988B
YoY Change 4.54% 14.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $309.3M $311.5M
YoY Change -0.71% 19.58%
Other Assets $43.40M $67.80M
YoY Change -35.99% -10.55%
Total Long-Term Assets $3.717B $3.621B
YoY Change 2.67% 7.73%
TOTAL ASSETS
Total Short-Term Assets $326.7M $318.4M
Total Long-Term Assets $3.717B $3.621B
Total Assets $4.044B $3.939B
YoY Change 2.67% -1.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $59.50M $59.80M
YoY Change -0.5% 23.55%
Accrued Expenses $12.40M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $123.4M $110.0M
YoY Change 12.18% 6.28%
LONG-TERM LIABILITIES
Long-Term Debt $1.676B $1.526B
YoY Change 9.84% -2.93%
Other Long-Term Liabilities $133.0M $138.3M
YoY Change -3.83% -3.15%
Total Long-Term Liabilities $1.809B $1.664B
YoY Change 8.71% -2.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $123.4M $110.0M
Total Long-Term Liabilities $1.809B $1.664B
Total Liabilities $1.933B $1.774B
YoY Change 8.92% -2.43%
SHAREHOLDERS EQUITY
Retained Earnings -$100.6M -$46.86M
YoY Change 114.77% 298.67%
Common Stock $1.578B $1.564B
YoY Change 0.86% -1.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.466B $1.525B
YoY Change
Total Liabilities & Shareholders Equity $4.039B $3.939B
YoY Change 2.54% -1.89%

Cashflow Statement

Concept 2019 Q1 2018 Q1
OPERATING ACTIVITIES
Net Income $2.936M -$4.160M
YoY Change -170.58% -120.83%
Depreciation, Depletion And Amortization $30.33M $28.58M
YoY Change 6.15% 16.47%
Cash From Operating Activities $19.79M $22.94M
YoY Change -13.75% -6.33%
INVESTING ACTIVITIES
Capital Expenditures -$51.90M -$64.30M
YoY Change -19.28% 4.21%
Acquisitions
YoY Change
Other Investing Activities -$41.10M $38.00M
YoY Change -208.16% 69.64%
Cash From Investing Activities -$93.01M -$26.28M
YoY Change 253.94% -33.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $27.83M $31.96M
YoY Change -12.91%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 78.67M -30.47M
YoY Change -358.21% 273.06%
NET CHANGE
Cash From Operating Activities 19.79M 22.94M
Cash From Investing Activities -93.01M -26.28M
Cash From Financing Activities 78.67M -30.47M
Net Change In Cash 5.444M -33.81M
YoY Change -116.1% 47.11%
FREE CASH FLOW
Cash From Operating Activities $19.79M $22.94M
Capital Expenditures -$51.90M -$64.30M
Free Cash Flow $71.69M $87.24M
YoY Change -17.83% 1.22%

Facts In Submission

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76965000
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11871000
CY2019Q1 akr Capital Lease Obligation Exchanged For Finance Lease Liability
CapitalLeaseObligationExchangedForFinanceLeaseLiability
71111000
CY2019Q1 akr Other Liabilities Exchanged For Operating Lease Liabilities
OtherLiabilitiesExchangedForOperatingLeaseLiabilities
946000
CY2018Q1 akr Acquisition Of Undivided Interest In Property Through Conversion Of Notes Receivable
AcquisitionOfUndividedInterestInPropertyThroughConversionOfNotesReceivable
22201000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74823000
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
39344000
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10846000
CY2018Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
12517000
CY2019Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
2575000
CY2018Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
1492000
CY2019Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">GAAP requires the Company&#8217;s management to make estimates and assumptions that affect the amounts reported in the interim consolidated financial statements and accompanying notes. The most significant assumptions and estimates relate to the valuation of real estate, depreciable lives, revenue recognition and the collectability of notes receivable and rents receivable. Application of these estimates and assumptions requires the exercise of judgment as to future uncertainties and, as a result, actual results could differ from these estimates.</p>
CY2018 akr Capitalized Internal Leasing Costs
CapitalizedInternalLeasingCosts
1800000
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11871000
CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
12800000
CY2019Q1 akr Limited Partnership To Common Stock Conversion Ratio
LimitedPartnershipToCommonStockConversionRatio
1
CY2019Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
174
CY2019Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2019Q1 us-gaap Land
Land
705402000
CY2018Q4 us-gaap Land
Land
710469000
CY2019Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2574459000
CY2018Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2594828000
CY2019Q1 us-gaap Tenant Improvements
TenantImprovements
157502000
CY2018Q4 us-gaap Tenant Improvements
TenantImprovements
151154000
CY2019Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
30413000
CY2018Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
44092000
CY2018Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
76965000
CY2019Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
82629000
CY2019Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3562276000
CY2018Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3577508000
CY2019Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
438033000
CY2018Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
416657000
CY2019Q1 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
32194000
CY2018 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
186463000
CY2019Q1 us-gaap Acquisition Costs
AcquisitionCosts
400000
CY2018Q1 us-gaap Acquisition Costs
AcquisitionCosts
100000
CY2019Q1 akr Business Combination Consideration Transferred Debt Assumed
BusinessCombinationConsiderationTransferredDebtAssumed
0
CY2018Q1 akr Business Combination Consideration Transferred Debt Assumed
BusinessCombinationConsiderationTransferredDebtAssumed
0
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
8094000
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
38086000
CY2019Q1 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings And Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements
21169000
CY2018Q4 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings And Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements
129586000
CY2019Q1 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets
2931000
CY2018Q4 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets
26693000
CY2019Q1 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLiabilities
0
CY2018Q4 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLiabilities
7902000
CY2019Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
32194000
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
186463000
CY2019Q1 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
32034000
CY2018 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
147985000
CY2019Q1 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
160000
CY2018 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
2597000
CY2019Q1 akr Existing Interest In Previously Unconsolidated Investment
ExistingInterestInPreviouslyUnconsolidatedInvestment
0
CY2018 akr Existing Interest In Previously Unconsolidated Investment
ExistingInterestInPreviouslyUnconsolidatedInvestment
35881000
CY2018Q4 akr Number Of Real Estate Properties Under Development
NumberOfRealEstatePropertiesUnderDevelopment
3
CY2019Q1 akr Development In Process Transfers In
DevelopmentInProcessTransfersIn
69655000
CY2019Q1 akr Development In Process Capitalized Costs
DevelopmentInProcessCapitalizedCosts
3363000
CY2019Q1 akr Development In Process Transfers Out
DevelopmentInProcessTransfersOut
0
CY2019Q1 akr Number Of Real Estate Properties Under Development
NumberOfRealEstatePropertiesUnderDevelopment
3
CY2017Q4 akr Number Of Unconsolidated Real Estate Project In Development
NumberOfUnconsolidatedRealEstateProjectInDevelopment
1
CY2019Q1 akr Debt Instruments Number Of Instruments Held
DebtInstrumentsNumberOfInstrumentsHeld
5
CY2019Q1 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
-701000
CY2018Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
-461000
CY2019Q1 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
556000
CY2018Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
556000
CY2019Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
110634000
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
115939000
CY2019Q1 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
28874000
CY2018Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
28619000
CY2019Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
16116000
CY2018Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
18422000
CY2019Q1 us-gaap Other Receivables
OtherReceivables
5757000
CY2018Q4 us-gaap Other Receivables
OtherReceivables
5058000
CY2019Q1 us-gaap Interest Receivable
InterestReceivable
18139000
CY2018Q4 us-gaap Interest Receivable
InterestReceivable
17046000
CY2019Q1 us-gaap Deposits Assets
DepositsAssets
6588000
CY2018Q4 us-gaap Deposits Assets
DepositsAssets
4611000
CY2019Q1 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
4000000
CY2018Q4 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
4000000
CY2019Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2032000
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2032000
CY2019Q1 us-gaap Derivative Assets
DerivativeAssets
3528000
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
7018000
CY2019Q1 us-gaap Due From Related Parties
DueFromRelatedParties
1883000
CY2018Q4 us-gaap Due From Related Parties
DueFromRelatedParties
1802000
CY2019Q1 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
1837000
CY2018Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
1953000
CY2019Q1 us-gaap Income Tax Receivable
IncomeTaxReceivable
2818000
CY2018Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
2070000
CY2019Q1 akr Deferred Leasing And Other Costs
DeferredLeasingAndOtherCosts
46285000
CY2018Q4 akr Deferred Leasing And Other Costs
DeferredLeasingAndOtherCosts
45011000
CY2019Q1 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
8960000
CY2018Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
8960000
CY2019Q1 akr Deferred Costs Gross
DeferredCostsGross
55245000
CY2018Q4 akr Deferred Costs Gross
DeferredCostsGross
53971000
CY2019Q1 akr Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
26371000
CY2018Q4 akr Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
25352000
CY2019Q1 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
28874000
CY2018Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
28619000
CY2019Q1 akr Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
86819000
CY2018Q4 akr Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
95045000
CY2018Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
71111000
CY2019Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
76993000
CY2019Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
86256000
CY2018Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
152188000
CY2018Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
57721000
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
12435000
CY2019Q1 akr Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
59451000
CY2018Q4 akr Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
65215000
CY2019Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
28621000
CY2018Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
34052000
CY2019Q1 us-gaap Security Deposit Liability
SecurityDepositLiability
11185000
CY2018Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
10588000
CY2019Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
17374000
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
7304000
CY2018Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
19000
CY2019Q1 akr Accounts Payable And Other Liabilities Other
AccountsPayableAndOtherLiabilitiesOther
141000
CY2018Q4 akr Accounts Payable And Other Liabilities Other
AccountsPayableAndOtherLiabilitiesOther
2738000
CY2019Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
238047000
CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
127413000
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
234190000
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
118251000
CY2019Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
152482000
CY2019Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
66226000
CY2018Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
94467000
CY2019Q1 akr Above Market Ground Lease Gross
AboveMarketGroundLeaseGross
671000
CY2019Q1 akr Above Market Ground Lease Accumulated Amortization
AboveMarketGroundLeaseAccumulatedAmortization
108000
CY2019Q1 akr Above Market Ground Lease Net
AboveMarketGroundLeaseNet
563000
CY2018Q4 akr Above Market Ground Lease Gross
AboveMarketGroundLeaseGross
671000
CY2018Q4 akr Above Market Ground Lease Accumulated Amortization
AboveMarketGroundLeaseAccumulatedAmortization
93000
CY2018Q4 akr Above Market Ground Lease Net
AboveMarketGroundLeaseNet
578000
CY2019Q1 akr Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
153153000
CY2019Q1 akr Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
66334000
CY2018Q4 akr Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
152859000
CY2018Q4 akr Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
57814000
CY2018 us-gaap Below Market Lease Acquired
BelowMarketLeaseAcquired
7900000
CY2018 akr Below Market Lease Acquired Weighted Average Useful Life
BelowMarketLeaseAcquiredWeightedAverageUsefulLife
P20Y6M
CY2019Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1610774000
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1560333000
CY2019Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
12323000
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
10541000
CY2019Q1 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
728000
CY2018Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
753000
CY2019Q1 us-gaap Long Term Debt
LongTermDebt
1599179000
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
1550545000
CY2018Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
300000000
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
217523000
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
479743000
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
174345000
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
85067000
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
412305000
CY2019Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
241791000
CY2019Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-1100000
CY2019Q1 us-gaap Fair Value Hedge Assets At Fair Value
FairValueHedgeAssetsAtFairValue
0
CY2018Q4 us-gaap Fair Value Hedge Assets At Fair Value
FairValueHedgeAssetsAtFairValue
0
CY2019Q1 us-gaap Net Investment Hedge Derivative Assets At Fair Value
NetInvestmentHedgeDerivativeAssetsAtFairValue
0
CY2018Q4 us-gaap Net Investment Hedge Derivative Assets At Fair Value
NetInvestmentHedgeDerivativeAssetsAtFairValue
0
CY2019Q1 us-gaap Contractual Obligation
ContractualObligation
69900000
CY2018Q4 us-gaap Contractual Obligation
ContractualObligation
55500000
CY2019Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
27700000
CY2018Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
19700000
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
200000000
CY2018 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2294235
CY2019Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2018 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
55100000
CY2018 akr Stock Repurchase Program Fees
StockRepurchaseProgramFees
100000
CY2019Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
144900000
CY2019Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-13306000
CY2019Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
551000
CY2018Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
5653000
CY2018Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-363000
CY2019Q1 akr Share Based Compensation Convertible Feature Operating Partnership Units Shares Converted To Common Stock
ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock
174529
CY2018Q1 akr Share Based Compensation Convertible Feature Operating Partnership Units Shares Converted To Common Stock
ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock
36126
CY2019Q1 akr Denominator For Series Preferred Op Unit Conversion
DenominatorForSeriesPreferredOPUnitConversion
7500
CY2019Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
13300000
CY2019Q1 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
0
CY2019Q1 akr Number Of Operating Lease
NumberOfOperatingLease
9
CY2019Q1 akr Number Of Finance Lease
NumberOfFinanceLease
4
CY2019Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
496000
CY2019Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
843000
CY2019Q1 akr Finance Lease Cost Subtotal
FinanceLeaseCostSubtotal
1339000
CY2019Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
536000
CY2019Q1 us-gaap Variable Lease Cost
VariableLeaseCost
32000
CY2019Q1 us-gaap Lease Cost
LeaseCost
1907000
CY2019Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P47Y4M24D
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y4M24D
CY2019Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.044
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.050
CY2019Q1 akr Number Of Shopping Centers With Land Leases
NumberOfShoppingCentersWithLandLeases
6
CY2018Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
400000
CY2018Q1 akr Capitalized Rent Expense
CapitalizedRentExpense
200000
CY2018Q1 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
200000
CY2019Q1 us-gaap Debt Instrument Term
DebtInstrumentTerm
P49Y
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
139533000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
186498000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
167505000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
147103000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
128675000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
562214000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
1331528000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
3590000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
4571000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
4354000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
4404000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
4425000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
180618000
CY2019Q1 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
201962000
CY2019Q1 akr Property Operating Expenses And Real Estate Taxes
PropertyOperatingExpensesAndRealEstateTaxes
21950000
CY2019Q1 akr Real Estate Investment Property And Development In Process At Cost
RealEstateInvestmentPropertyAndDevelopmentInProcessAtCost
3755591000
CY2018Q1 akr Property Operating Expenses And Real Estate Taxes
PropertyOperatingExpensesAndRealEstateTaxes
19377000
CY2018Q1 akr Real Estate Investment Property And Development In Process At Cost
RealEstateInvestmentPropertyAndDevelopmentInProcessAtCost
3529805000
CY2018Q1 us-gaap Assets
Assets
3938976000
CY2019Q1 us-gaap Trustee Fees
TrusteeFees
300000
CY2018Q1 us-gaap Trustee Fees
TrusteeFees
300000
CY2019Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
21500000
CY2019Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate
0.15
CY2019Q1 akr Employee Stock Ownership Plan Allowable Share Purchase Amount Per Annum Maximum
EmployeeStockOwnershipPlanAllowableSharePurchaseAmountPerAnnumMaximum
25000
CY2019Q1 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2019Q1 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2019Q1 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.15
CY2019Q1 us-gaap Conversion Of Stock Description
ConversionOfStockDescription
The effect of the conversion of Common OP Units is not reflected in the computation of basic and diluted earnings per share, as they are exchangeable for Common Shares on a one-for-one basis.
CY2019Q1 akr Conversion Of Common Op Units To Common Shares
ConversionOfCommonOPUnitsToCommonShares
1
CY2019Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
12197000
CY2018Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
7419000
CY2019Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
68000
CY2018Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
44000
CY2019Q1 us-gaap Undistributed Earnings
UndistributedEarnings
12129000
CY2018Q1 us-gaap Undistributed Earnings
UndistributedEarnings
7375000
CY2019Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
82032852
CY2018Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
83434083
CY2019Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4562
CY2018Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
4394
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82037414
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83438477

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