$AKR
ACADIA REALTY TRUST

2021 Q1 Form 10-Q Financial Statement

#000156459021022131 Filed on April 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $68.19M $71.42M
YoY Change -4.53% -3.47%
Cost Of Revenue $24.71M $23.11M
YoY Change 6.92% 5.28%
Gross Profit $44.68M $48.31M
YoY Change -7.51% -8.59%
Gross Profit Margin 65.53% 67.64%
Selling, General & Admin $9.000M $9.070M
YoY Change -0.77% 9.01%
% of Gross Profit 20.14% 18.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.64M $33.38M
YoY Change -8.2% 10.04%
% of Gross Profit 68.58% 69.09%
Operating Expenses $40.61M $117.8M
YoY Change -65.52% 96.96%
Operating Profit $8.752M -$46.34M
YoY Change -118.89% -385.93%
Interest Expense -$6.670M -$14.65M
YoY Change -54.47% 9.98%
% of Operating Profit -76.21%
Other Income/Expense, Net $530.0K
YoY Change
Pretax Income $845.0K -$60.99M
YoY Change -101.39% -2210.42%
Income Tax $148.0K -$952.0K
% Of Pretax Income 17.51%
Net Earnings $697.0K -$60.04M
YoY Change -101.16% -2144.93%
Net Earnings / Revenue 1.02% -84.06%
Basic Earnings Per Share
Diluted Earnings Per Share $59.76K -$97.36K
COMMON SHARES
Basic Shares Outstanding 82.13M
Diluted Shares Outstanding 86.35M 86.97M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.40M $23.40M
YoY Change -34.19% -15.83%
Cash & Equivalents $14.09M $22.32M
Short-Term Investments
Other Short-Term Assets $14.10M $14.90M
YoY Change -5.37% -7.45%
Inventory $234.3M $237.8M
Prepaid Expenses
Receivables $61.80M $63.40M
Other Receivables $5.500M $7.100M
Total Short-Term Assets $331.1M $346.6M
YoY Change -4.47% 6.09%
LONG-TERM ASSETS
Property, Plant & Equipment $3.313B $3.331B
YoY Change -0.55% 6.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $256.3M $294.2M
YoY Change -12.88% -4.88%
Other Assets $54.90M $45.30M
YoY Change 21.19% 4.38%
Total Long-Term Assets $3.763B $3.959B
YoY Change -4.95% 6.49%
TOTAL ASSETS
Total Short-Term Assets $331.1M $346.6M
Total Long-Term Assets $3.763B $3.959B
Total Assets $4.094B $4.305B
YoY Change -4.91% 6.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $56.10M $64.70M
YoY Change -13.29% 8.74%
Accrued Expenses $87.90M $56.40M
YoY Change 55.85% 354.84%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $185.3M $175.8M
YoY Change 5.4% 42.46%
LONG-TERM LIABILITIES
Long-Term Debt $1.721B $1.904B
YoY Change -9.59% 13.58%
Other Long-Term Liabilities $162.5M $214.0M
YoY Change -24.07% 60.9%
Total Long-Term Liabilities $1.884B $2.118B
YoY Change -11.05% 17.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $185.3M $175.8M
Total Long-Term Liabilities $1.884B $2.118B
Total Liabilities $2.069B $2.871B
YoY Change -27.92% 48.55%
SHAREHOLDERS EQUITY
Retained Earnings -$174.8M
YoY Change
Common Stock $1.684B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.467B $1.435B
YoY Change
Total Liabilities & Shareholders Equity $4.154B $4.305B
YoY Change -3.52% 6.59%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $697.0K -$60.04M
YoY Change -101.16% -2144.93%
Depreciation, Depletion And Amortization $30.64M $33.38M
YoY Change -8.2% 10.04%
Cash From Operating Activities $30.97M $27.98M
YoY Change 10.71% 41.41%
INVESTING ACTIVITIES
Capital Expenditures -$5.400M -$32.70M
YoY Change -83.49% -36.99%
Acquisitions
YoY Change
Other Investing Activities $16.90M -$58.10M
YoY Change -129.09% 41.36%
Cash From Investing Activities $12.61M -$90.73M
YoY Change -113.9% -2.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $44.70M
YoY Change -100.0% 60.61%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -47.19M 70.36M
YoY Change -167.08% -10.57%
NET CHANGE
Cash From Operating Activities 30.97M 27.98M
Cash From Investing Activities 12.61M -90.73M
Cash From Financing Activities -47.19M 70.36M
Net Change In Cash -3.607M 7.606M
YoY Change -147.42% 39.71%
FREE CASH FLOW
Cash From Operating Activities $30.97M $27.98M
Capital Expenditures -$5.400M -$32.70M
Free Cash Flow $36.37M $60.68M
YoY Change -40.05% -15.35%

Facts In Submission

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15845000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
14692000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
14165000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33924000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30010000
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15424000
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23404000
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
15723000
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
14212000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31147000
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37616000
CY2021Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
902000
CY2020Q1 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
2938000
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
11824000
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
14156000
CY2021Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
100000
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
219000
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
412000
CY2020Q1 us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
116000
CY2021Q1 akr Noncash Distribution Declared And Payable
NoncashDistributionDeclaredAndPayable
13993000
CY2020Q1 akr Noncash Distribution Declared And Payable
NoncashDistributionDeclaredAndPayable
26816000
CY2021Q1 akr Limited Partnership To Common Stock Conversion Ratio
LimitedPartnershipToCommonStockConversionRatio
1
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
186
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2020Q4 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Right Of Use Asset Operating Lease
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRightOfUseAssetOperatingLease
234000
CY2021Q1 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLiabilities
0
CY2020Q4 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleLiabilities
4569000
CY2021Q1 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Lease Liability Operating Lease
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLeaseLiabilityOperatingLease
0
CY2020Q4 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Lease Liability Operating Lease
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLeaseLiabilityOperatingLease
-234000
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
0
CY2021Q1 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accounts Payable And Other Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccountsPayableAndOtherLiabilities
0
CY2020Q4 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accounts Payable And Other Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccountsPayableAndOtherLiabilities
1009000
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
172152000
CY2021Q1 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 year amounts on the Company’s consolidated balance sheet at December 31, 2020 with regard to Mortgage and other notes payable, net and Unsecured notes payable, net have been reclassified to conform to the current period presentation. In addition, certain prior year amounts in the Company’s statement of cash flows for the three months ended March 31, 2020 with regard to Right-of-use assets – operating leases, lease liabilities – operating leases and credit losses have been reclassified to conform to the current period presentation. These reclassifications had no material effect on the reported results of operations, financial condition or cash flows.</p>
CY2021Q1 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>
CY2021Q1 us-gaap Land
Land
767631000
CY2020Q4 us-gaap Land
Land
776275000
CY2021Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2847797000
CY2020Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
2848781000
CY2021Q1 us-gaap Tenant Improvements
TenantImprovements
196748000
CY2020Q4 us-gaap Tenant Improvements
TenantImprovements
191046000
CY2021Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
6453000
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
5751000
CY2021Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
25086000
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
25086000
CY2021Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3843715000
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3846939000
CY2021Q1 akr Real Estate Investment Property Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization
605684000
CY2020Q4 akr Real Estate Investment Property Accumulated Depreciation And Amortization
RealEstateInvestmentPropertyAccumulatedDepreciationAndAmortization
586800000
CY2021Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3238031000
CY2020Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3260139000
CY2021Q1 us-gaap Development In Process
DevelopmentInProcess
234338000
CY2020Q4 us-gaap Development In Process
DevelopmentInProcess
247349000
CY2021Q1 us-gaap Real Estate Investments
RealEstateInvestments
3472369000
CY2020Q4 us-gaap Real Estate Investments
RealEstateInvestments
3507488000
CY2020 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
172152000
CY2020 us-gaap Acquisition Costs
AcquisitionCosts
1300000
CY2020 akr Business Combination Consideration Transferred Debt Assumed
BusinessCombinationConsiderationTransferredDebtAssumed
0
CY2021Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
0
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Land
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
25440000
CY2021Q1 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings And Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements
0
CY2020Q4 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings And Improvements
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingsAndImprovements
123459000
CY2021Q1 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accounts Receivable Prepaids And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccountsReceivablePrepaidsAndOtherAssets
0
CY2020Q4 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accounts Receivable Prepaids And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccountsReceivablePrepaidsAndOtherAssets
5770000
CY2021Q1 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets
0
CY2020Q4 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets
23061000
CY2021Q1 akr Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Right Of Use Asset Operating Lease
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRightOfUseAssetOperatingLease
0
CY2021Q1 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0
CY2020 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
21208000
CY2021Q1 akr Business Combination Acquired Conversion Of Note Receivable
BusinessCombinationAcquiredConversionOfNoteReceivable
0
CY2020 akr Business Combination Acquired Conversion Of Note Receivable
BusinessCombinationAcquiredConversionOfNoteReceivable
38674000
CY2021Q1 akr Business Combination Conversion Of Accrued Interest
BusinessCombinationConversionOfAccruedInterest
0
CY2020 akr Business Combination Conversion Of Accrued Interest
BusinessCombinationConversionOfAccruedInterest
1995000
CY2021Q1 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
0
CY2020 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
116000
CY2021Q1 akr Existing Interest In Previously Unconsolidated Investment
ExistingInterestInPreviouslyUnconsolidatedInvestment
0
CY2020 akr Existing Interest In Previously Unconsolidated Investment
ExistingInterestInPreviouslyUnconsolidatedInvestment
109571000
CY2021Q1 akr Business Combination Acquisition Of Noncontrolling Interests
BusinessCombinationAcquisitionOfNoncontrollingInterests
0
CY2020 akr Business Combination Acquisition Of Noncontrolling Interests
BusinessCombinationAcquisitionOfNoncontrollingInterests
588000
CY2021Q1 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
0
CY2020Q4 akr Number Of Real Estate Properties Under Development
NumberOfRealEstatePropertiesUnderDevelopment
3
CY2020Q4 us-gaap Development In Process
DevelopmentInProcess
247349000
CY2021Q1 akr Development In Process Transfers In
DevelopmentInProcessTransfersIn
0
CY2021Q1 akr Development In Process Capitalized Costs
DevelopmentInProcessCapitalizedCosts
1766000
CY2021Q1 akr Development In Process Transfers Out
DevelopmentInProcessTransfersOut
-14777000
CY2021Q1 akr Number Of Real Estate Properties Under Development
NumberOfRealEstatePropertiesUnderDevelopment
3
CY2021Q1 us-gaap Development In Process
DevelopmentInProcess
234338000
CY2019Q4 akr Number Of Real Estate Properties Under Development
NumberOfRealEstatePropertiesUnderDevelopment
3
CY2019Q4 us-gaap Development In Process
DevelopmentInProcess
253402000
CY2020 akr Development In Process Transfers In
DevelopmentInProcessTransfersIn
66812000
CY2020 akr Development In Process Capitalized Costs
DevelopmentInProcessCapitalizedCosts
8062000
CY2020 akr Development In Process Transfers Out
DevelopmentInProcessTransfersOut
-80927000
CY2020Q4 akr Number Of Real Estate Properties Under Development
NumberOfRealEstatePropertiesUnderDevelopment
3
CY2020Q4 us-gaap Development In Process
DevelopmentInProcess
247349000
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
102100000
CY2020Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
102100000
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
690000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
650000
CY2021Q1 us-gaap Notes Receivable Net
NotesReceivableNet
101410000
CY2020Q4 us-gaap Notes Receivable Net
NotesReceivableNet
101450000
CY2021Q1 akr Number Of Notes Receivable
NumberOfNotesReceivable
7
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
100000
CY2020Q4 akr Financing Receivable Additional Allowance For Credit Losses
FinancingReceivableAdditionalAllowanceForCreditLosses
300000
CY2021Q1 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
290000
CY2020Q4 us-gaap Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
363000
CY2021Q1 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
2615000
CY2020Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
1881000
CY2021Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
256332000
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
249807000
CY2021Q1 akr Distributions In Excess Of Income From And Investments In Unconsolidated Affiliates
DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates
15272000
CY2020Q4 akr Distributions In Excess Of Income From And Investments In Unconsolidated Affiliates
DistributionsInExcessOfIncomeFromAndInvestmentsInUnconsolidatedAffiliates
15616000
CY2021Q1 akr Number Of Land Parcels Sold
NumberOfLandParcelsSold
2
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
91371000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
100732000
CY2021Q1 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
30524000
CY2020Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
30488000
CY2021Q1 us-gaap Interest Receivable
InterestReceivable
15481000
CY2020Q4 us-gaap Interest Receivable
InterestReceivable
13917000
CY2021Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
14121000
CY2020Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
17468000
CY2021Q1 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
3364000
CY2020Q4 us-gaap Due From Affiliate Noncurrent
DueFromAffiliateNoncurrent
3682000
CY2021Q1 us-gaap Income Tax Receivable
IncomeTaxReceivable
2613000
CY2020Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
2433000
CY2021Q1 us-gaap Other Receivables
OtherReceivables
2068000
CY2020Q4 us-gaap Other Receivables
OtherReceivables
2058000
CY2021Q1 us-gaap Deposits Assets
DepositsAssets
1744000
CY2020Q4 us-gaap Deposits Assets
DepositsAssets
1728000
CY2021Q1 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
1308000
CY2020Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
1302000
CY2021Q1 us-gaap Derivative Assets
DerivativeAssets
2000
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
1000
CY2021Q1 us-gaap Other Assets
OtherAssets
162596000
CY2020Q4 us-gaap Other Assets
OtherAssets
173809000
CY2021Q1 akr Deferred Leasing And Other Costs
DeferredLeasingAndOtherCosts
61107000
CY2020Q4 akr Deferred Leasing And Other Costs
DeferredLeasingAndOtherCosts
57533000
CY2021Q1 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
11380000
CY2020Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
11341000
CY2021Q1 akr Deferred Costs Gross
DeferredCostsGross
72487000
CY2020Q4 akr Deferred Costs Gross
DeferredCostsGross
68874000
CY2021Q1 akr Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
41963000
CY2020Q4 akr Deferred Costs Accumulated Amortization
DeferredCostsAccumulatedAmortization
38386000
CY2021Q1 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
30524000
CY2020Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
30488000
CY2021Q1 akr Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
71023000
CY2020Q4 akr Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
76434000
CY2021Q1 akr Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
56149000
CY2020Q4 akr Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
53031000
CY2021Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
56083000
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
90139000
CY2021Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
35396000
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
31842000
CY2021Q1 us-gaap Security Deposit Liability
SecurityDepositLiability
12025000
CY2020Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
12178000
CY2021Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
6382000
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
6287000
CY2021Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
237058000
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
269911000
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
284910000
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
193539000
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
91371000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
287523000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
186791000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
100732000
CY2021Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
160388000
CY2021Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
89812000
CY2021Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
70576000
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
164923000
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
88951000
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
75972000
CY2021Q1 akr Above Market Ground Lease Gross
AboveMarketGroundLeaseGross
671000
CY2021Q1 akr Above Market Ground Lease Accumulated Amortization
AboveMarketGroundLeaseAccumulatedAmortization
224000
CY2021Q1 akr Above Market Ground Lease Net
AboveMarketGroundLeaseNet
447000
CY2020Q4 akr Above Market Ground Lease Gross
AboveMarketGroundLeaseGross
671000
CY2020Q4 akr Above Market Ground Lease Accumulated Amortization
AboveMarketGroundLeaseAccumulatedAmortization
209000
CY2020Q4 akr Above Market Ground Lease Net
AboveMarketGroundLeaseNet
462000
CY2021Q1 akr Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
161059000
CY2021Q1 akr Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
90036000
CY2021Q1 akr Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
71023000
CY2020Q4 akr Finite Lived Intangible Liabilities Gross
FiniteLivedIntangibleLiabilitiesGross
165594000
CY2020Q4 akr Finite Lived Intangible Liabilities Accumulated Amortization
FiniteLivedIntangibleLiabilitiesAccumulatedAmortization
89160000
CY2020Q4 akr Finite Lived Intangible Liabilities Net
FiniteLivedIntangibleLiabilitiesNet
76434000
CY2020 us-gaap Below Market Lease Acquired
BelowMarketLeaseAcquired
4600000
CY2020 akr Below Market Lease Acquired Weighted Average Useful Life
BelowMarketLeaseAcquiredWeightedAverageUsefulLife
P20Y2M12D
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1720743000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1770054000
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6210000
CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
33800000
CY2020Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
35600000
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
200000000.0
CY2021Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2020Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
1219065
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
22400000
CY2020Q1 akr Stock Repurchase Program Fees
StockRepurchaseProgramFees
100000
CY2020Q1 akr Weighted Average Share Price
WeightedAverageSharePrice
18.29
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6763000
CY2021Q1 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
522000
CY2020Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
548000
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
1715055000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
1763839000
CY2020 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
6100000
CY2021Q1 akr Amount Of Share Failed To Meet Liquidity Requirements
AmountOfShareFailedToMeetLiquidityRequirements
8700000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
365838000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
535612000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
409359000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
212020000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
65326000
CY2021Q1 akr Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
132588000
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1720743000
CY2021Q1 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
522000
CY2021Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6210000
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
1715055000
CY2021Q1 us-gaap Derivative Assets
DerivativeAssets
2000
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
1000
CY2021Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
56083000
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
90139000
CY2021Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-19700000
CY2021Q1 us-gaap Fair Value Hedge Assets At Fair Value
FairValueHedgeAssetsAtFairValue
0
CY2020Q4 us-gaap Fair Value Hedge Assets At Fair Value
FairValueHedgeAssetsAtFairValue
0
CY2021Q1 us-gaap Net Investment Hedge Derivative Assets At Fair Value
NetInvestmentHedgeDerivativeAssetsAtFairValue
0
CY2020Q4 us-gaap Net Investment Hedge Derivative Assets At Fair Value
NetInvestmentHedgeDerivativeAssetsAtFairValue
0
CY2021Q1 akr Number Of Forward Swaps Terminated
NumberOfForwardSwapsTerminated
2
CY2021Q1 us-gaap Contractual Obligation
ContractualObligation
32400000
CY2020Q4 us-gaap Contractual Obligation
ContractualObligation
32700000
CY2021Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
122600000
CY2021Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
33556000
CY2021Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-5317000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
38873000
CY2020Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-74774000
CY2020Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-977000
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-73797000
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.15
CY2021Q1 akr Share Based Compensation Convertible Feature Operating Partnership Units Shares Converted To Common Stock
ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock
18800
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.29
CY2020Q1 akr Share Based Compensation Convertible Feature Operating Partnership Units Shares Converted To Common Stock
ShareBasedCompensationConvertibleFeatureOperatingPartnershipUnitsSharesConvertedToCommonStock
147882
CY2021Q1 akr Denominator For Series Preferred Op Unit Conversion Per Share
DenominatorForSeriesPreferredOPUnitConversionPerShare
7.50
CY2021Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
14800000
CY2020Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
14600000
CY2020Q4 akr Rental Lease Receivable
RentalLeaseReceivable
45408000
CY2021Q1 akr Charged To Lease And Rental Expense
ChargedToLeaseAndRentalExpense
3882000
CY2021Q1 akr Deductions From Rent Receivable
DeductionsFromRentReceivable
1337000
CY2021Q1 akr Rental Lease Receivable
RentalLeaseReceivable
47953000
CY2020Q4 akr Lease Agreement Purchase Price
LeaseAgreementPurchasePrice
14500000
CY2021Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
226000
CY2020Q1 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
657000
CY2021Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
95000
CY2020Q1 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
850000
CY2021Q1 akr Finance Lease Cost Subtotal
FinanceLeaseCostSubtotal
321000
CY2020Q1 akr Finance Lease Cost Subtotal
FinanceLeaseCostSubtotal
1507000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
2286000
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
1394000
CY2021Q1 us-gaap Variable Lease Cost
VariableLeaseCost
101000
CY2020Q1 us-gaap Variable Lease Cost
VariableLeaseCost
16000
CY2021Q1 us-gaap Lease Cost
LeaseCost
2708000
CY2020Q1 us-gaap Lease Cost
LeaseCost
2917000
CY2021Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.063
CY2020Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.044
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.056
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.058
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
149226000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
6465000
CY2021Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
69000
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
198269000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7768000
CY2021Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
28000
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
177885000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7789000
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
152363000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7974000
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
122715000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7969000
CY2021Q1 akr Lessor Operating Lease Payments To Be Received After Year Four
LessorOperatingLeasePaymentsToBeReceivedAfterYearFour
503880000
CY2021Q1 akr Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
150446000
CY2021Q1 akr Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
12289000
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1304338000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
188411000
CY2021Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
12386000
CY2021Q1 akr Operating Lease Interest Expense
OperatingLeaseInterestExpense
100587000
CY2021Q1 akr Finance Lease Interest
FinanceLeaseInterest
6230000
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1304338000
CY2021Q1 akr Operating Lease Liability Excluding Options And Renewals
OperatingLeaseLiabilityExcludingOptionsAndRenewals
87824000
CY2021Q1 akr Finance Lease Liability Excluding Options And Renewals
FinanceLeaseLiabilityExcludingOptionsAndRenewals
6156000
CY2021Q1 akr Number Of Stores Having Bankruptcies In Core Portfolio
NumberOfStoresHavingBankruptciesInCorePortfolio
3
CY2021Q1 akr Core Portfolio Annualized Base Rents For Stores Of Bankruptcies
CorePortfolioAnnualizedBaseRentsForStoresOfBankruptcies
700000
CY2021Q1 akr Percentage Of Annual Base Rent
PercentageOfAnnualBaseRent
0.006
CY2021Q1 akr Number Of Stores Having Bankruptcies In Fund Portfolio
NumberOfStoresHavingBankruptciesInFundPortfolio
5
CY2021Q1 akr Fund Portfolio Annualized Base Rents For Stores Of Bankruptcies
FundPortfolioAnnualizedBaseRentsForStoresOfBankruptcies
600000
CY2021Q1 akr Fund Portfolio Annualized Base Rents For Stores Of Bankruptcies Percentage
FundPortfolioAnnualizedBaseRentsForStoresOfBankruptciesPercentage
0.027
CY2021Q1 akr Number Of Stores In Core Portfolio Rejected Lease With Annualized Base Rents
NumberOfStoresInCorePortfolioRejectedLeaseWithAnnualizedBaseRents
1
CY2021Q1 akr Core Portfolio Annualized Base Rents For Stores Rejected Lease
CorePortfolioAnnualizedBaseRentsForStoresRejectedLease
100000
CY2021Q1 akr Percentage Of Core Portfolio Annualized Base Rents For Stores Rejected Lease
PercentageOfCorePortfolioAnnualizedBaseRentsForStoresRejectedLease
0.001
CY2021Q1 akr Number Of Stores Assumed Their Locations In Fund Portfolio
NumberOfStoresAssumedTheirLocationsInFundPortfolio
2
CY2021Q1 akr Fund Portfolio Annualized Base Rents For Stores Assumed Their Locations
FundPortfolioAnnualizedBaseRentsForStoresAssumedTheirLocations
100000
CY2021Q1 akr Percentage Of Fund Portfolio Annualized Base Rents For Stores Assumed Their Locations
PercentageOfFundPortfolioAnnualizedBaseRentsForStoresAssumedTheirLocations
0.001
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2021Q1 us-gaap Revenues
Revenues
69394000
CY2021Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
31390000
CY2021Q1 akr Property Operating Expenses And Real Estate Taxes
PropertyOperatingExpensesAndRealEstateTaxes
24939000
CY2021Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8996000
CY2021Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
4612000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
8681000
CY2021Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1700000
CY2021Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
6507000
CY2021Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2263000
CY2021Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
17141000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
150000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
1860000
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3302000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
5162000
CY2021Q1 akr Real Estate Investment Property And Development In Process At Cost
RealEstateInvestmentPropertyAndDevelopmentInProcessAtCost
4078053000
CY2021Q1 us-gaap Assets
Assets
4153682000
CY2021Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0
CY2021Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
5425000
CY2020Q1 us-gaap Revenues
Revenues
71420000
CY2020Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
33377000
CY2020Q1 akr Property Operating Expenses And Real Estate Taxes
PropertyOperatingExpensesAndRealEstateTaxes
23767000
CY2020Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9070000
CY2020Q1 us-gaap Asset Impairment Charges
AssetImpairmentCharges
51549000
CY2020Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-46343000
CY2020Q1 us-gaap Interest And Other Income
InterestAndOtherIncome
2929000
CY2020Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
-530000
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1255000
CY2020Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
18302000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-952000
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-60039000
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-51625000
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8414000
CY2020Q1 akr Real Estate Investment Property And Development In Process At Cost
RealEstateInvestmentPropertyAndDevelopmentInProcessAtCost
4082116000
CY2020Q1 us-gaap Assets
Assets
4305138000
CY2020Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
19088000
CY2020Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
13576000
CY2021Q1 us-gaap Trustee Fees
TrusteeFees
400000
CY2020Q1 us-gaap Trustee Fees
TrusteeFees
300000
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
23500000
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate
0.15
CY2021Q1 akr Employee Stock Ownership Plan Allowable Share Purchase Amount Per Annum Maximum
EmployeeStockOwnershipPlanAllowableSharePurchaseAmountPerAnnumMaximum
25000
CY2021Q1 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.
CY2021Q1 akr Conversion Of Common Op Units To Common Shares
ConversionOfCommonOPUnitsToCommonShares
1
CY2021Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
5162000
CY2020Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-8414000
CY2021Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
156000
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0
CY2021Q1 us-gaap Undistributed Earnings
UndistributedEarnings
5006000
CY2020Q1 us-gaap Undistributed Earnings
UndistributedEarnings
-8414000
CY2021Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
86323267
CY2020Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
86971552
CY2021Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
23093
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86346360
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86971552
CY2021Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.06
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.10

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