$AKR
ACADIA REALTY TRUST

2020 Q2 Form 10-Q Financial Statement

#000156459020038427 Filed on August 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $63.77M $70.23M
YoY Change -9.19% 12.91%
Cost Of Revenue $27.02M $22.41M
YoY Change 20.57% 29.61%
Gross Profit $36.76M $47.82M
YoY Change -23.13% 8.66%
Gross Profit Margin 57.64% 68.09%
Selling, General & Admin $8.720M $9.030M
YoY Change -3.43% 14.16%
% of Gross Profit 23.72% 18.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.80M $30.30M
YoY Change 11.55% 2.71%
% of Gross Profit 91.95% 63.36%
Operating Expenses $43.00M $63.14M
YoY Change -31.9% 10.25%
Operating Profit -$5.758M $7.086M
YoY Change -181.26% 11.91%
Interest Expense $70.80M -$12.06M
YoY Change -687.06% 40.07%
% of Operating Profit -170.19%
Other Income/Expense, Net
YoY Change
Pretax Income $65.04M -$4.972M
YoY Change -1408.19% 115.42%
Income Tax $137.0K $265.0K
% Of Pretax Income 0.21%
Net Earnings $64.91M -$5.237M
YoY Change -1339.37% 130.7%
Net Earnings / Revenue 101.78% -7.46%
Basic Earnings Per Share $0.11
Diluted Earnings Per Share $225.2K $0.11
COMMON SHARES
Basic Shares Outstanding 83.70M
Diluted Shares Outstanding 86.18M 83.70M

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.30M $33.70M
YoY Change 1.78% 94.8%
Cash & Equivalents $32.53M $27.77M
Short-Term Investments
Other Short-Term Assets $15.70M $16.50M
YoY Change -4.85% -0.6%
Inventory $264.7M $211.2M
Prepaid Expenses
Receivables $75.60M $70.70M
Other Receivables $13.50M $16.70M
Total Short-Term Assets $403.8M $348.8M
YoY Change 15.77% 13.28%
LONG-TERM ASSETS
Property, Plant & Equipment $3.369B $3.270B
YoY Change 3.03% 9.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $250.8M $320.5M
YoY Change -21.75% 4.53%
Other Assets $46.00M $50.60M
YoY Change -9.09% 20.76%
Total Long-Term Assets $3.925B $3.861B
YoY Change 1.65% 8.07%
TOTAL ASSETS
Total Short-Term Assets $403.8M $348.8M
Total Long-Term Assets $3.925B $3.861B
Total Assets $4.329B $4.210B
YoY Change 2.82% 8.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $79.30M $72.90M
YoY Change 8.78% 37.29%
Accrued Expenses $87.90M $57.40M
YoY Change 53.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $195.7M $182.5M
YoY Change 7.23% 78.05%
LONG-TERM LIABILITIES
Long-Term Debt $1.818B $1.773B
YoY Change 2.53% 15.72%
Other Long-Term Liabilities $222.1M $154.5M
YoY Change 43.75% 15.64%
Total Long-Term Liabilities $2.040B $1.927B
YoY Change 5.83% 15.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $195.7M $182.5M
Total Long-Term Liabilities $2.040B $1.927B
Total Liabilities $2.873B $2.110B
YoY Change 36.18% 19.32%
SHAREHOLDERS EQUITY
Retained Earnings -$115.2M
YoY Change 88.29%
Common Stock $1.626B
YoY Change 5.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.456B $1.481B
YoY Change
Total Liabilities & Shareholders Equity $4.329B $4.210B
YoY Change 2.82% 8.48%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $64.91M -$5.237M
YoY Change -1339.37% 130.7%
Depreciation, Depletion And Amortization $33.80M $30.30M
YoY Change 11.55% 2.71%
Cash From Operating Activities $30.50M $42.40M
YoY Change -28.07% 62.45%
INVESTING ACTIVITIES
Capital Expenditures -$9.000M -$142.7M
YoY Change -93.69% 499.58%
Acquisitions
YoY Change
Other Investing Activities $13.20M $2.200M
YoY Change 500.0% -92.03%
Cash From Investing Activities $4.000M -$140.5M
YoY Change -102.85% -3797.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.90M 103.9M
YoY Change -123.0% -305.34%
NET CHANGE
Cash From Operating Activities 30.50M 42.40M
Cash From Investing Activities 4.000M -140.5M
Cash From Financing Activities -23.90M 103.9M
Net Change In Cash 10.60M 5.800M
YoY Change 82.76% -128.02%
FREE CASH FLOW
Cash From Operating Activities $30.50M $42.40M
Capital Expenditures -$9.000M -$142.7M
Free Cash Flow $39.50M $185.1M
YoY Change -78.66% 270.94%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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16175000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2780000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
6979000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-6684000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-8499000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
4213000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-8583000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
25177000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-742000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
12222000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1767000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
58500000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
62229000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
21208000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
138716000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
20533000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
55872000
akr Proceeds From Repayments Of Notes Receivable
ProceedsFromRepaymentsOfNotesReceivable
-59000000
akr Proceeds From Repayments Of Notes Receivable
ProceedsFromRepaymentsOfNotesReceivable
15250000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
13925000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
12252000
akr Investments In And Advances To Unconsolidated Affiliates And Other
InvestmentsInAndAdvancesToUnconsolidatedAffiliatesAndOther
3270000
akr Investments In And Advances To Unconsolidated Affiliates And Other
InvestmentsInAndAdvancesToUnconsolidatedAffiliatesAndOther
99592000
akr Return Of Capital From Unconsolidated Affiliates And Other
ReturnOfCapitalFromUnconsolidatedAffiliatesAndOther
7151000
akr Return Of Capital From Unconsolidated Affiliates And Other
ReturnOfCapitalFromUnconsolidatedAffiliatesAndOther
36423000
akr Return Of Deposits For Properties Under Contract Net
ReturnOfDepositsForPropertiesUnderContractNet
187000
akr Return Of Deposits For Properties Under Contract Net
ReturnOfDepositsForPropertiesUnderContractNet
568000
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
4885000
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
3831000
akr Consolidation Of Previously Uconsolidated Investments
ConsolidationOfPreviouslyUconsolidatedInvestments
950000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-86683000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-233518000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
14360000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
122492000
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
69930000
us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
200900000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
3340000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
131459000
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
181700000
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
327300000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
833000
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1500000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
22386000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
75115000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
28309000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
32191000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
8178000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
8424000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
50182000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
45994000
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
960000
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
4147000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
46520000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
182608000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
18337000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
11319000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30010000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34848000
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
34273000
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
27765000
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
14074000
CY2019Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
12527000
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48347000
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46167000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
4656000
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
5326000
us-gaap Interest Paid Net
InterestPaidNet
26558000
us-gaap Interest Paid Net
InterestPaidNet
35385000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
219000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
258000
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
116000
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
1796000
akr Right Of Use Asset Obtained Removed In Exchange For Finance Lease Liability
RightOfUseAssetObtainedRemovedInExchangeForFinanceLeaseLiability
-70427000
akr Right Of Use Asset Obtained Removed In Exchange For Finance Lease Liability
RightOfUseAssetObtainedRemovedInExchangeForFinanceLeaseLiability
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
31523000
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 Right Of Use Assets Operating Leases Obtained Removed In Exchange For Finance Lease Liabilities
RightOfUseAssetsOperatingLeasesObtainedRemovedInExchangeForFinanceLeaseLiabilities
-1432000
akr Assumption Of Debt Through Investments In Unconsolidated Affiliates
AssumptionOfDebtThroughInvestmentsInUnconsolidatedAffiliates
4688000
akr Change In Control Of Previously Unconsolidated Consolidated Investments Real Estate
ChangeInControlOfPreviouslyUnconsolidatedConsolidatedInvestmentsRealEstate
-135190000
akr Change In Control Of Previously Unconsolidated Consolidated Investments In And Advances To Unconsolidated Affiliates
ChangeInControlOfPreviouslyUnconsolidatedConsolidatedInvestmentsInAndAdvancesToUnconsolidatedAffiliates
96816000
akr Change In Control Of Previously Unconsolidated Consolidated Investments Other Assets And Liabilities
ChangeInControlOfPreviouslyUnconsolidatedConsolidatedInvestmentsOtherAssetsAndLiabilities
1238000
akr Acquisition Of Noncontrolling Interest
AcquisitionOfNoncontrollingInterest
-588000
akr Interest In Previously Unconsolidated Affiliate In Notes Receivable
InterestInPreviouslyUnconsolidatedAffiliateInNotesReceivable
38674000
akr Increase Decrease Of Cash In Consolidation Of Previously Unconsolidated Consolidated Investment
IncreaseDecreaseOfCashInConsolidationOfPreviouslyUnconsolidatedConsolidatedInvestment
950000
akr Limited Partnership To Common Stock Conversion Ratio
LimitedPartnershipToCommonStockConversionRatio
1
CY2020Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
187
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>
CY2020Q2 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
500000
CY2020Q2 us-gaap Land
Land
771797000
CY2019Q4 us-gaap Land
Land
756297000
CY2020Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2822282000
CY2020Q2 us-gaap Tenant Improvements
TenantImprovements
182913000
CY2020Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
6498000
CY2020Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
25086000
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
102055000
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
88964000
CY2020Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3897540000
CY2020Q2 akr Real Estate Investment Property Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization
528983000
CY2020Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3368557000
CY2020Q2 us-gaap Development In Process
DevelopmentInProcess
264684000
CY2020Q2 us-gaap Real Estate Investments
RealEstateInvestments
3633241000
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
172152000
us-gaap Acquisition Costs
AcquisitionCosts
1300000
akr Business Combination Consideration Transferred Debt Assumed
BusinessCombinationConsiderationTransferredDebtAssumed
0
CY2020Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
25440000
CY2020Q2 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings And Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements
123459000
CY2020Q2 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net Working Capital
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetWorkingCapital
4761000
CY2020Q2 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets
23061000
CY2020Q2 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Right Of Use Asset Operating Lease
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRightOfUseAssetOperatingLease
234000
CY2020Q2 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLiabilities
4569000
CY2020Q2 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Lease Liability Operating Lease
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLeaseLiabilityOperatingLease
-234000
CY2020Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
172152000
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
21208000
CY2019 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
319673000
akr Business Combination Acquired Conversion Of Note Receivable
BusinessCombinationAcquiredConversionOfNoteReceivable
38674000
akr Business Combination Conversion Of Accrued Interest
BusinessCombinationConversionOfAccruedInterest
1995000
CY2019 akr Business Combination Conversion Of Accrued Interest
BusinessCombinationConversionOfAccruedInterest
0
us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
116000
akr Existing Interest In Previously Unconsolidated Investment
ExistingInterestInPreviouslyUnconsolidatedInvestment
109571000
akr Business Combination Acquisition Of Noncontrolling Interests
BusinessCombinationAcquisitionOfNoncontrollingInterests
588000
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
172152000
CY2019Q4 akr Number Of Real Estate Properties Under Development
NumberOfRealEstatePropertiesUnderDevelopment
3
CY2019Q4 us-gaap Development In Process
DevelopmentInProcess
253402000
akr Development In Process Transfers In
DevelopmentInProcessTransfersIn
33057000
akr Development In Process Capitalized Costs
DevelopmentInProcessCapitalizedCosts
7262000
akr Development In Process Transfers Out
DevelopmentInProcessTransfersOut
-29037000
CY2020Q2 akr Number Of Real Estate Properties Under Development
NumberOfRealEstatePropertiesUnderDevelopment
3
CY2020Q2 us-gaap Development In Process
DevelopmentInProcess
264684000
CY2018Q4 akr Number Of Real Estate Properties Under Development
NumberOfRealEstatePropertiesUnderDevelopment
3
CY2018Q4 us-gaap Development In Process
DevelopmentInProcess
120297000
CY2019 akr Development In Process Transfers In
DevelopmentInProcessTransfersIn
117344000
CY2019 akr Development In Process Capitalized Costs
DevelopmentInProcessCapitalizedCosts
25580000
CY2019 akr Development In Process Transfers Out
DevelopmentInProcessTransfersOut
-9819000
CY2019Q4 akr Number Of Real Estate Properties Under Development
NumberOfRealEstatePropertiesUnderDevelopment
3
CY2019Q4 us-gaap Development In Process
DevelopmentInProcess
253402000
CY2020Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
135562000
CY2019Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
114943000
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
870000
CY2020Q2 us-gaap Notes Receivable Net
NotesReceivableNet
134692000
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
114943000
CY2020Q2 akr Number Of Notes Receivable
NumberOfNotesReceivable
8
CY2020Q2 akr Financing Receivable Additional Allowance For Credit Losses
FinancingReceivableAdditionalAllowanceForCreditLosses
500000
CY2020Q2 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
536000
CY2019Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
-1902000
CY2020Q2 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
2019000
CY2019Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
1932000
CY2020Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
250825000
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
305097000
CY2020Q2 akr Distributions In Excess Of Income From And Investments In Unconsolidated Affiliates
DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates
15520000
CY2019Q4 akr Distributions In Excess Of Income From And Investments In Unconsolidated Affiliates
DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates
15362000
CY2020Q2 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
30979000
CY2019Q4 us-gaap Other Receivables
OtherReceivables
3996000
CY2019Q2 us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
4282000
us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
1486000
us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
7277000
CY2020Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-786000
CY2019Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3559000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
469000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5830000
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
119251000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
116820000
CY2019Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
28746000
CY2020Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
15677000
CY2019Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
18873000
CY2020Q2 us-gaap Interest Receivable
InterestReceivable
10680000
CY2019Q4 us-gaap Interest Receivable
InterestReceivable
9872000
CY2020Q2 us-gaap Other Receivables
OtherReceivables
9816000
CY2020Q2 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
3682000
CY2019Q4 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
3682000
CY2020Q2 us-gaap Income Tax Receivable
IncomeTaxReceivable
2701000
CY2019Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
1755000
CY2020Q2 us-gaap Deposits Assets
DepositsAssets
1711000
CY2019Q4 us-gaap Deposits Assets
DepositsAssets
1853000
CY2020Q2 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
1321000
CY2019Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
1565000
CY2020Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
913000
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
913000
CY2020Q2 us-gaap Derivative Assets
DerivativeAssets
10000
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
2583000
CY2020Q2 us-gaap Other Assets
OtherAssets
196741000
CY2019Q4 us-gaap Other Assets
OtherAssets
190658000
CY2020Q2 akr Deferred Leasing And Other Costs
DeferredLeasingAndOtherCosts
54011000
CY2019Q4 akr Deferred Leasing And Other Costs
DeferredLeasingAndOtherCosts
49081000
CY2020Q2 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
10319000
CY2019Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
10051000
CY2020Q2 akr Deferred Costs Gross
DeferredCostsGross
64330000
CY2019Q4 akr Deferred Costs Gross
DeferredCostsGross
59132000
CY2020Q2 akr Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
33351000
CY2019Q4 akr Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
30386000
CY2020Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
30979000
CY2019Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
28746000
CY2020Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
109040000
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
39061000
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
87921000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
56762000
CY2020Q2 akr Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
81819000
CY2019Q4 akr Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
82926000
CY2020Q2 akr Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
79253000
CY2019Q4 akr Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
68838000
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
31199000
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
33682000
CY2020Q2 us-gaap Security Deposit Liability
SecurityDepositLiability
12864000
CY2019Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
12590000
CY2020Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
6170000
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
77657000
CY2020Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
408266000
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
371516000
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
287523000
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
168272000
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
119251000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
267188000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
150368000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
116820000
CY2020Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
165085000
CY2020Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
83757000
CY2020Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
81328000
CY2019Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
160721000
CY2019Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
78315000
CY2019Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
82406000
CY2020Q2 akr Above Market Ground Lease Gross
AboveMarketGroundLeaseGross
671000
CY2020Q2 akr Above Market Ground Lease Accumulated Amortization
AboveMarketGroundLeaseAccumulatedAmortization
180000
CY2020Q2 akr Above Market Ground Lease Net
AboveMarketGroundLeaseNet
491000
CY2019Q4 akr Above Market Ground Lease Gross
AboveMarketGroundLeaseGross
671000
CY2019Q4 akr Above Market Ground Lease Accumulated Amortization
AboveMarketGroundLeaseAccumulatedAmortization
151000
CY2019Q4 akr Above Market Ground Lease Net
AboveMarketGroundLeaseNet
520000
CY2020Q2 akr Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
165756000
CY2020Q2 akr Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
83937000
CY2020Q2 akr Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
81819000
CY2019Q4 akr Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
161392000
CY2019Q4 akr Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
78466000
CY2019Q4 akr Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
82926000
us-gaap Below Market Lease Acquired
BelowMarketLeaseAcquired
4600000
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CY2020Q2 us-gaap Debt Instrument Carrying Amount
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7794000
CY2019Q4 us-gaap Deferred Finance Costs Net
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DebtInstrumentUnamortizedPremium
599000
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DebtInstrumentUnamortizedPremium
651000
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
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LongTermDebt
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CY2019Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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CY2020Q2 akr Fund Loans Aggregating
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1700000
us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
2700000
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
144831000
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
373200000
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
475218000
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
415506000
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
212015000
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
197909000
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1818679000
CY2020Q2 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
599000
CY2020Q2 us-gaap Deferred Finance Costs Net
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7794000
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
1811484000
CY2020Q2 us-gaap Derivative Assets
DerivativeAssets
10000
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
2583000
CY2020Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
109040000
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
39061000
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-20200000
CY2020Q2 us-gaap Fair Value Hedge Assets At Fair Value
FairValueHedgeAssetsAtFairValue
0
CY2019Q4 us-gaap Fair Value Hedge Assets At Fair Value
FairValueHedgeAssetsAtFairValue
0
CY2020Q2 us-gaap Net Investment Hedge Derivative Assets At Fair Value
NetInvestmentHedgeDerivativeAssetsAtFairValue
0
CY2019Q4 us-gaap Net Investment Hedge Derivative Assets At Fair Value
NetInvestmentHedgeDerivativeAssetsAtFairValue
0
CY2020Q2 us-gaap Contractual Obligation
ContractualObligation
35800000
CY2019Q4 us-gaap Contractual Obligation
ContractualObligation
41100000
CY2020Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
14600000
CY2019Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
19800000
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
200000000.0
CY2019 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1219065
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
22400000
akr Stock Repurchase Program Fees
StockRepurchaseProgramFees
100000
akr Weighted Average Share Price
WeightedAverageSharePrice
18.29
CY2020Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
122600000
CY2020Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-8621000
CY2020Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-3115000
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5506000
CY2019Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-22652000
CY2019Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
535000
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-23187000
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.00
CY2020Q2 akr Share Based Compensation Convertible Feature Operating Partnership Units Shares Converted To Common Stock
ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock
259712
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2019Q2 akr Share Based Compensation Convertible Feature Operating Partnership Units Shares Converted To Common Stock
ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock
33289
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.29
akr Share Based Compensation Convertible Feature Operating Partnership Units Shares Converted To Common Stock
ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock
407594
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.56
akr Share Based Compensation Convertible Feature Operating Partnership Units Shares Converted To Common Stock
ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock
207818
CY2020Q2 akr Denominator For Series Preferred Op Unit Conversion Per Share
DenominatorForSeriesPreferredOPUnitConversionPerShare
7.50
CY2020Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
12800000
CY2019Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
13200000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
27300000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
26600000
akr Number Of Operating Lease
NumberOfOperatingLease
1
CY2019 akr Number Of Operating Lease
NumberOfOperatingLease
9
CY2019 akr Number Of Finance Lease
NumberOfFinanceLease
4
CY2020Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
487000
CY2019Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
542000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1144000
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1038000
CY2020Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
599000
CY2019Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
934000
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1449000
CY2020Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.062
CY2019Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.045
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.054
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.058
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
1777000
CY2020Q2 akr Finance Lease Cost Subtotal
FinanceLeaseCostSubtotal
1086000
CY2019Q2 akr Finance Lease Cost Subtotal
FinanceLeaseCostSubtotal
1476000
akr Finance Lease Cost Subtotal
FinanceLeaseCostSubtotal
2593000
akr Finance Lease Cost Subtotal
FinanceLeaseCostSubtotal
2815000
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1725000
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1107000
us-gaap Operating Lease Cost
OperatingLeaseCost
3119000
us-gaap Operating Lease Cost
OperatingLeaseCost
1643000
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
6000
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
25000
us-gaap Variable Lease Cost
VariableLeaseCost
22000
us-gaap Variable Lease Cost
VariableLeaseCost
57000
CY2020Q2 us-gaap Lease Cost
LeaseCost
2817000
CY2019Q2 us-gaap Lease Cost
LeaseCost
2608000
us-gaap Lease Cost
LeaseCost
5734000
us-gaap Lease Cost
LeaseCost
4515000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
104368000
CY2020Q2 akr Operating And Financing Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingAndFinancingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
3213000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
212996000
CY2020Q2 akr Operating And Financing Leases Future Minimum Payments Due In Two Years
OperatingAndFinancingLeasesFutureMinimumPaymentsDueInTwoYears
8289000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
194004000
CY2020Q2 akr Operating And Financing Leases Future Minimum Payments Due In Three Years
OperatingAndFinancingLeasesFutureMinimumPaymentsDueInThreeYears
7498000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
170353000
CY2020Q2 akr Operating And Financing Leases Future Minimum Payments Due In Four Years
OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFourYears
7494000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
145120000
CY2020Q2 akr Operating And Financing Leases Future Minimum Payments Due In Five Years
OperatingAndFinancingLeasesFutureMinimumPaymentsDueInFiveYears
7654000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
590198000
CY2020Q2 akr Operating And Financing Leases Future Minimum Payments Due Thereafter
OperatingAndFinancingLeasesFutureMinimumPaymentsDueThereafter
170432000
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
1417039000
CY2020Q2 akr Operating And Financing Leases Future Minimum Payments Due
OperatingAndFinancingLeasesFutureMinimumPaymentsDue
204580000
CY2020Q2 akr Future Minimum Rental Payments Of Interest Related To Finance Lease
FutureMinimumRentalPaymentsOfInterestRelatedToFinanceLease
110600000
us-gaap Net Investment In Lease Credit Loss Expense Reversal
NetInvestmentInLeaseCreditLossExpenseReversal
15900000
akr Net Investment In Lease Estimated Future Credit Losses Expense Reversal Cares Act
NetInvestmentInLeaseEstimatedFutureCreditLossesExpenseReversalCaresAct
12900000
akr Pro Rata Core Leased Occupancy Rate Percentage
ProRataCoreLeasedOccupancyRatePercentage
0.933
akr Pro Rata Fund Leased Occupancy Rate Percentage
ProRataFundLeasedOccupancyRatePercentage
0.911
CY2020Q1 akr Pro Rata Core Leased Occupancy Rate Percentage
ProRataCoreLeasedOccupancyRatePercentage
0.939
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
137000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
64906000
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
45496000
CY2020Q1 akr Pro Rata Fund Leased Occupancy Rate Percentage
ProRataFundLeasedOccupancyRatePercentage
0.932
akr Number Of Stores Having Bankruptcies In Core Portfolio
NumberOfStoresHavingBankruptciesInCorePortfolio
11
akr Core Portfolio Annualized Base Rents For Stores Of Bankruptcies
CorePortfolioAnnualizedBaseRentsForStoresOfBankruptcies
2000000.0
akr Percentage Of Annual Base Rent
PercentageOfAnnualBaseRent
0.014
akr Number Of Stores Having Bankruptcies In Fund Portfolio
NumberOfStoresHavingBankruptciesInFundPortfolio
17
akr Fund Portfolio Annualized Base Rents For Stores Of Bankruptcies
FundPortfolioAnnualizedBaseRentsForStoresOfBankruptcies
400000
akr Fund Portfolio Annualized Base Rents For Stores Of Bankruptcies Percentage
FundPortfolioAnnualizedBaseRentsForStoresOfBankruptciesPercentage
0.018
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2020Q2 us-gaap Revenues
Revenues
63773000
CY2020Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
33793000
CY2020Q2 akr Property Operating Expenses And Real Estate Taxes
PropertyOperatingExpensesAndRealEstateTaxes
27503000
CY2020Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8720000
CY2020Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2020Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
2095000
CY2020Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
87811000
CY2020Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-786000
CY2020Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
18319000
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19410000
CY2019Q2 us-gaap Revenues
Revenues
70229000
CY2019Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
30304000
CY2019Q2 akr Property Operating Expenses And Real Estate Taxes
PropertyOperatingExpensesAndRealEstateTaxes
22405000
CY2019Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9034000
CY2019Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
1400000
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
7086000
CY2019Q2 us-gaap Interest And Other Income
InterestAndOtherIncome
4142000
CY2019Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3559000
CY2019Q2 us-gaap Interest And Debt Expense
InterestAndDebtExpense
19759000
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
265000
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-5237000
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-14317000
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9080000
us-gaap Revenues
Revenues
135193000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
67170000
akr Property Operating Expenses And Real Estate Taxes
PropertyOperatingExpensesAndRealEstateTaxes
51270000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17790000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
51549000
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
485000
us-gaap Operating Income Loss
OperatingIncomeLoss
-52101000
us-gaap Investment Income Interest
InvestmentIncomeInterest
5024000
us-gaap Gain Loss On Investments
GainLossOnInvestments
87281000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-815000
us-gaap Profit Loss
ProfitLoss
4867000
CY2020Q2 akr Real Estate Investment Property And Development In Process At Cost
RealEstateInvestmentPropertyAndDevelopmentInProcessAtCost
4162224000
CY2020Q2 us-gaap Assets
Assets
4328748000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
21208000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
20533000
us-gaap Revenues
Revenues
144216000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
60637000
akr Property Operating Expenses And Real Estate Taxes
PropertyOperatingExpensesAndRealEstateTaxes
43542000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
17357000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1400000
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
2014000
us-gaap Operating Income Loss
OperatingIncomeLoss
23294000
us-gaap Interest And Other Income
InterestAndOtherIncome
6412000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5830000
us-gaap Interest And Debt Expense
InterestAndDebtExpense
37618000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
219000
us-gaap Profit Loss
ProfitLoss
-2301000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-23578000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21277000
CY2019Q2 akr Real Estate Investment Property And Development In Process At Cost
RealEstateInvestmentPropertyAndDevelopmentInProcessAtCost
3939525000
CY2019Q2 us-gaap Assets
Assets
4209922000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
138716000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
55872000
us-gaap Trustee Fees
TrusteeFees
700000
us-gaap Trustee Fees
TrusteeFees
700000
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
19700000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y7M6D
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
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.50
CY2020 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2020 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.15
CY2020 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Amount
DefinedContributionPlanMaximumAnnualContributionsPerEmployeeAmount
19500
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83703886
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86575751
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
82872977
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.22
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.11
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.12

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