| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Operating real estate, net | 3,587,728 | 3,983,754 | 3,994,407 | 3,962,806 |
| Real estate under development | 178,050 | 167,051 | 142,468 | 153,196 |
| Net investments in real estate | 3,765,778 | 4,150,805 | 4,136,875 | 4,116,002 |
| Notes receivable, net (2,176 and 1,638 of allowance for credit losses as of march 31, 2026 and december 31,2025, respectively) | 154,430 | 154,892 | 154,765 | 154,682 |
| Investments in and advances to unconsolidated affiliates | 275,770 | 161,955 | 164,403 | 172,418 |
| Lease intangibles, net (note 6) | 96,652 | 128,239 | 138,176 | NaN |
| Derivative financial instruments (note 8) | 12,905 | 9,738 | 10,664 | NaN |
| Deferred charges, net | 40,517 | 44,133 | 41,905 | NaN |
| Accrued interest receivable (note 3) | 9,028 | 8,916 | 9,068 | NaN |
| Prepaid expenses | 13,020 | 17,327 | 19,682 | NaN |
| Due from seller | 1,654 | 1,768 | 1,768 | NaN |
| Income taxes receivable | 1,273 | 1,180 | 1,250 | NaN |
| Deposits | 10,577 | 5,774 | 742 | NaN |
| Corporate assets, net | 550 | 430 | 488 | NaN |
| Other receivables | 3,925 | 6,475 | 6,584 | NaN |
| Other assets, net | 190,101 | 223,980 | 230,327 | 219,598 |
| Marketable securities | NaN | 0 | 4,502 | 10,908 |
| Right-of-use assets - operating leases, net | 22,596 | 23,594 | 24,552 | 25,609 |
| Cash and cash equivalents | 31,415 | 38,818 | 49,388 | 42,780 |
| Restricted cash | 17,374 | 18,081 | 25,647 | 25,029 |
| Rents receivable, net | 56,259 | 65,027 | 63,710 | 61,099 |
| Assets of property held for sale | 18,932 | NaN | 21,023 | 47,444 |
| Total assets | 4,532,655 | 4,837,152 | 4,875,192 | 4,875,569 |
| Mortgage and other notes payable, net | 624,764 | 893,944 | 978,915 | 1,007,588 |
| Unsecured notes payable, net | 880,012 | 879,462 | 818,093 | 743,049 |
| Unsecured line of credit | 91,500 | 89,500 | 65,000 | 53,500 |
| Accounts payable and other liabilities | 222,654 | 273,479 | 276,233 | 270,985 |
| Lease liabilities - operating leases | 24,918 | 25,972 | 26,969 | 27,980 |
| Dividends and distributions payable | 28,421 | 28,526 | 27,749 | 27,748 |
| Distributions in excess of income from, and investments in, unconsolidated affiliates | 16,241 | 16,838 | 17,119 | 17,223 |
| Liabilities of properties held for sale | 161 | NaN | NaN | 163 |
| Total liabilities | 1,888,671 | 2,207,721 | 2,210,078 | 2,148,236 |
| Redeemable noncontrolling interests (note 10) | 8,457 | 9,113 | 9,114 | 21,174 |
| Common shares, 0.001 par value per share, authorized 200,000,000 shares, issued and outstanding 133,513,864 and 131,036,560 shares as of march 31, 2026 and december 31,2025, respectively | 134 | 131 | 131 | 131 |
| Additional paid-in capital | 2,755,574 | 2,710,651 | 2,708,691 | 2,707,218 |
| Accumulated other comprehensive income | 20,057 | 15,585 | 17,001 | 19,982 |
| Distributions in excess of accumulated earnings | -498,735 | -500,720 | -479,803 | -458,205 |
| Total acadia shareholders equity | 2,277,030 | 2,225,647 | 2,246,020 | 2,269,126 |
| Noncontrolling interests | 358,497 | 394,671 | 409,980 | 437,033 |
| Total equity | 2,635,527 | 2,620,318 | 2,656,000 | 2,706,159 |
| Total liabilities, redeemable noncontrolling interests, and equity | 4,532,655 | 4,837,152 | 4,875,192 | 4,875,569 |
ACADIA REALTY TRUST (AKR)
ACADIA REALTY TRUST (AKR)