$AKR
ACADIA REALTY TRUST

2019 Q2 Form 10-Q Financial Statement

#000156459019025979 Filed on July 25, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $70.23M $62.20M
YoY Change 12.91% 4.53%
Cost Of Revenue $22.41M $17.29M
YoY Change 29.61% -0.63%
Gross Profit $47.82M $44.01M
YoY Change 8.66% 4.51%
Gross Profit Margin 68.09% 70.75%
Selling, General & Admin $9.030M $7.910M
YoY Change 14.16% -10.72%
% of Gross Profit 18.88% 17.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.30M $29.50M
YoY Change 2.71% 13.03%
% of Gross Profit 63.36% 67.03%
Operating Expenses $63.14M $57.27M
YoY Change 10.25% 8.54%
Operating Profit $7.086M $6.332M
YoY Change 11.91% -6.08%
Interest Expense -$12.06M -$8.610M
YoY Change 40.07% 4000.0%
% of Operating Profit -170.19% -135.98%
Other Income/Expense, Net
YoY Change
Pretax Income -$4.972M -$2.308M
YoY Change 115.42% -135.32%
Income Tax $265.0K -$5.000K
% Of Pretax Income
Net Earnings -$5.237M -$2.270M
YoY Change 130.7% -137.16%
Net Earnings / Revenue -7.46% -3.65%
Basic Earnings Per Share $0.11 $0.09
Diluted Earnings Per Share $0.11 $0.09
COMMON SHARES
Basic Shares Outstanding 83.70M 81.76M
Diluted Shares Outstanding 83.70M 81.76M

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.70M $17.30M
YoY Change 94.8% -60.14%
Cash & Equivalents $27.77M $17.33M
Short-Term Investments
Other Short-Term Assets $16.50M $16.60M
YoY Change -0.6% -1.78%
Inventory $211.2M $192.2M
Prepaid Expenses
Receivables $70.70M $70.60M
Other Receivables $16.70M $11.20M
Total Short-Term Assets $348.8M $307.9M
YoY Change 13.28% -11.47%
LONG-TERM ASSETS
Property, Plant & Equipment $3.270B $2.978B
YoY Change 9.81% 0.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $320.5M $306.6M
YoY Change 4.53% 12.43%
Other Assets $50.60M $41.90M
YoY Change 20.76% -54.11%
Total Long-Term Assets $3.861B $3.573B
YoY Change 8.07% -3.46%
TOTAL ASSETS
Total Short-Term Assets $348.8M $307.9M
Total Long-Term Assets $3.861B $3.573B
Total Assets $4.210B $3.881B
YoY Change 8.48% -4.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.90M $53.10M
YoY Change 37.29% -7.33%
Accrued Expenses $57.40M
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 $182.5M $102.5M
YoY Change 78.05% -9.37%
LONG-TERM LIABILITIES
Long-Term Debt $1.773B $1.532B
YoY Change 15.72% -5.08%
Other Long-Term Liabilities $154.5M $133.6M
YoY Change 15.64% -5.38%
Total Long-Term Liabilities $1.927B $1.666B
YoY Change 15.71% -5.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $182.5M $102.5M
Total Long-Term Liabilities $1.927B $1.666B
Total Liabilities $2.110B $1.768B
YoY Change 19.32% -5.36%
SHAREHOLDERS EQUITY
Retained Earnings -$115.2M -$61.20M
YoY Change 88.29% 185.44%
Common Stock $1.626B $1.544B
YoY Change 5.33% -3.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.481B $1.493B
YoY Change
Total Liabilities & Shareholders Equity $4.210B $3.881B
YoY Change 8.48% -4.15%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income -$5.237M -$2.270M
YoY Change 130.7% -137.16%
Depreciation, Depletion And Amortization $30.30M $29.50M
YoY Change 2.71% 13.03%
Cash From Operating Activities $42.40M $26.10M
YoY Change 62.45% -41.22%
INVESTING ACTIVITIES
Capital Expenditures -$142.7M -$23.80M
YoY Change 499.58% -61.86%
Acquisitions
YoY Change
Other Investing Activities $2.200M $27.60M
YoY Change -92.03% -2071.43%
Cash From Investing Activities -$140.5M $3.800M
YoY Change -3797.37% -105.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 103.9M -50.60M
YoY Change -305.34% -426.45%
NET CHANGE
Cash From Operating Activities 42.40M 26.10M
Cash From Investing Activities -140.5M 3.800M
Cash From Financing Activities 103.9M -50.60M
Net Change In Cash 5.800M -20.70M
YoY Change -128.02% 430.77%
FREE CASH FLOW
Cash From Operating Activities $42.40M $26.10M
Capital Expenditures -$142.7M -$23.80M
Free Cash Flow $185.1M $49.90M
YoY Change 270.94% -53.28%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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AccountsPayableAndAccruedExpenses
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CY2019Q2 us-gaap Operating Lease Liability
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akr Below Market Lease Acquired Weighted Average Useful Life
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3559000
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5019000
us-gaap Income Loss From Equity Method Investments
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5830000
us-gaap Income Loss From Equity Method Investments
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CY2019Q2 us-gaap Finite Lived Intangible Assets Net
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-233518000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-22540000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
122492000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
48272000
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
200900000
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
519300000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
131459000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
119752000
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
327300000
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
482300000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
55057000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1500000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
75115000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
32191000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
6550000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
8424000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
19004000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
44863000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
11319000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21268000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74823000
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
13580000
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10846000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34848000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
85669000
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33749000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
5326000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
2836000
us-gaap Interest Paid Net
InterestPaidNet
35385000
us-gaap Interest Paid Net
InterestPaidNet
29219000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
258000
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
1796000
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
425000
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
16349000
akr Right Of Use Assets Finance Leases Obtained In Exchange For Assets Under Capital Lease
RightOfUseAssetsFinanceLeasesObtainedInExchangeForAssetsUnderCapitalLease
76965000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
57165000
akr Capital Lease Obligation Exchanged For Finance Lease Liability
CapitalLeaseObligationExchangedForFinanceLeaseLiability
71111000
akr Other Liabilities Exchanged For Operating Lease Liabilities
OtherLiabilitiesExchangedForOperatingLeaseLiabilities
946000
akr Assumption Of Debt Through Investments In Unconsolidated Affiliates
AssumptionOfDebtThroughInvestmentsInUnconsolidatedAffiliates
4688000
akr Acquisition Of Undivided Interest In Property Through Conversion Of Notes Receivable
AcquisitionOfUndividedInterestInPropertyThroughConversionOfNotesReceivable
22201000
akr Limited Partnership To Common Stock Conversion Ratio
LimitedPartnershipToCommonStockConversionRatio
1
CY2019Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
180
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
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’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>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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;">Reclassifications</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;">Certain prior period amounts with regard to gains on dispositions of properties have been reclassified to conform to the current period presentation.</p>
CY2018 akr Capitalized Internal Leasing Costs
CapitalizedInternalLeasingCosts
1800000
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
12800000
CY2019Q2 us-gaap Land
Land
732422000
CY2019Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2638585000
CY2019Q2 us-gaap Tenant Improvements
TenantImprovements
170523000
CY2019Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
36721000
CY2018Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
76965000
CY2019Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
93796000
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
56279000
CY2019Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3269564000
CY2018Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3160851000
CY2019Q2 us-gaap Development In Process
DevelopmentInProcess
211199000
CY2018Q4 us-gaap Development In Process
DevelopmentInProcess
120297000
us-gaap Operating Income Loss
OperatingIncomeLoss
13033000
CY2019Q2 us-gaap Real Estate Investments
RealEstateInvestments
3480763000
CY2018Q4 us-gaap Real Estate Investments
RealEstateInvestments
3281148000
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
140512000
CY2018 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
186463000
us-gaap Acquisition Costs
AcquisitionCosts
600000
us-gaap Acquisition Costs
AcquisitionCosts
100000
akr Business Combination Consideration Transferred Debt Assumed
BusinessCombinationConsiderationTransferredDebtAssumed
0
akr Business Combination Consideration Transferred Debt Assumed
BusinessCombinationConsiderationTransferredDebtAssumed
0
CY2019Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
35865000
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
38086000
CY2019Q2 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings And Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements
92468000
CY2018Q4 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings And Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements
129586000
CY2019Q2 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets
17355000
CY2018Q4 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets
26693000
CY2019Q2 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLiabilities
5176000
CY2018Q4 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLiabilities
7902000
CY2019Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
140512000
CY2018Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
186463000
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
138716000
CY2018 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
147985000
us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
1796000
CY2018 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
2597000
akr Existing Interest In Previously Unconsolidated Investment
ExistingInterestInPreviouslyUnconsolidatedInvestment
0
CY2018 akr Existing Interest In Previously Unconsolidated Investment
ExistingInterestInPreviouslyUnconsolidatedInvestment
35881000
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
140512000
CY2018 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
186463000
CY2018Q4 akr Number Of Real Estate Properties Under Development
NumberOfRealEstatePropertiesUnderDevelopment
3
CY2018Q4 us-gaap Development In Process
DevelopmentInProcess
120297000
akr Development In Process Transfers In
DevelopmentInProcessTransfersIn
78821000
akr Development In Process Capitalized Costs
DevelopmentInProcessCapitalizedCosts
12081000
akr Development In Process Transfers Out
DevelopmentInProcessTransfersOut
0
CY2019Q2 akr Number Of Real Estate Properties Under Development
NumberOfRealEstatePropertiesUnderDevelopment
5
CY2019Q2 us-gaap Development In Process
DevelopmentInProcess
211199000
akr Number Of Real Estate Projects Put Into Service During Period
NumberOfRealEstateProjectsPutIntoServiceDuringPeriod
0
CY2017Q4 akr Number Of Unconsolidated Real Estate Project In Development
NumberOfUnconsolidatedRealEstateProjectInDevelopment
1
CY2019Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
94662000
CY2018Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
109613000
CY2019Q2 akr Debt Instruments Number Of Instruments Held
DebtInstrumentsNumberOfInstrumentsHeld
4
CY2018Q4 akr Mortgage Loans On Real Estate Accrued Interest
MortgageLoansOnRealEstateAccruedInterest
4700000
CY2019Q2 akr Mortgage Loans On Real Estate Accrued Interest
MortgageLoansOnRealEstateAccruedInterest
4700000
CY2019Q2 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
-1477000
CY2018Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
-461000
CY2019Q2 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
556000
CY2018Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
556000
CY2019Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
320477000
CY2018Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
262410000
CY2019Q2 akr Distributions In Excess Of Income From And Investments In Unconsolidated Affiliates
DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates
15032000
CY2018Q4 akr Distributions In Excess Of Income From And Investments In Unconsolidated Affiliates
DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates
15623000
CY2019Q2 us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
4282000
CY2018Q2 us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
5895000
us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
7277000
CY2018Q4 us-gaap Due From Related Parties
DueFromRelatedParties
1802000
CY2019Q2 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
1776000
CY2018Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
1953000
CY2019Q2 us-gaap Income Tax Receivable
IncomeTaxReceivable
1777000
CY2018Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
2070000
CY2019Q2 us-gaap Other Assets
OtherAssets
200124000
CY2018Q4 us-gaap Other Assets
OtherAssets
208570000
CY2019Q2 akr Deferred Leasing And Other Costs
DeferredLeasingAndOtherCosts
48729000
CY2018Q4 akr Deferred Leasing And Other Costs
DeferredLeasingAndOtherCosts
45011000
CY2019Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
8970000
CY2018Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
8960000
CY2019Q2 akr Deferred Costs Gross
DeferredCostsGross
57699000
CY2018Q4 akr Deferred Costs Gross
DeferredCostsGross
53971000
CY2019Q2 akr Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
27895000
CY2018Q4 akr Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
25352000
CY2019Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
29804000
CY2018Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
28619000
CY2019Q2 akr Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
89388000
CY2018Q4 akr Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
95045000
CY2018Q4 us-gaap Capital Lease Obligations
CapitalLeaseObligations
71111000
CY2019Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
87784000
us-gaap Trustee Fees
TrusteeFees
600000
CY2019Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
20500000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate
0.15
akr Employee Stock Ownership Plan Allowable Share Purchase Amount Per Annum Maximum
EmployeeStockOwnershipPlanAllowableSharePurchaseAmountPerAnnumMaximum
25000
us-gaap Revenues
Revenues
126693000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
58079000
akr Property Operating Expenses And Real Estate Taxes
PropertyOperatingExpensesAndRealEstateTaxes
39237000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
16377000
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
33000
us-gaap Interest And Other Income
InterestAndOtherIncome
7026000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6703000
us-gaap Interest And Debt Expense
InterestAndDebtExpense
32805000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
387000
us-gaap Profit Loss
ProfitLoss
-6430000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-21514000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15084000
CY2018Q2 akr Real Estate Investment Property And Development In Process At Cost
RealEstateInvestmentPropertyAndDevelopmentInProcessAtCost
3548043000
CY2018Q2 us-gaap Assets
Assets
3880768000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
46171000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
41937000
us-gaap Trustee Fees
TrusteeFees
700000
us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.15
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.
akr Conversion Of Common Op Units To Common Shares
ConversionOfCommonOPUnitsToCommonShares
1
CY2019Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
9080000
CY2018Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
7665000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
21277000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
15084000
CY2019Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
27000
CY2018Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
47000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
99000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
91000
CY2019Q2 us-gaap Undistributed Earnings
UndistributedEarnings
9053000
CY2018Q2 us-gaap Undistributed Earnings
UndistributedEarnings
7618000
us-gaap Undistributed Earnings
UndistributedEarnings
21178000
us-gaap Undistributed Earnings
UndistributedEarnings
14993000
CY2019Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
83703886
CY2018Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
81755702
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
82872977
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
82590256
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1968
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83703886
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81755702
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82872977
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82592224
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.11
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.09
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.26
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.18

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