| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Operating real estate, net | 3,994,407 | 3,962,806 | ||
| Real estate under development | 142,468 | 153,196 | ||
| Net investments in real estate | 4,136,875 | 4,116,002 | ||
| Notes receivable, net (1,692 and 2,004 of allowance for credit losses as of september 30, 2025 and december 31, 2024, respectively) | 154,765 | 154,682 | ||
| Investments in and advances to unconsolidated affiliates | 164,403 | 172,418 | ||
| Lease intangibles, net (note 6) | 138,176 | - | ||
| Derivative financial instruments (note 8) | 10,664 | - | ||
| Deferred charges, net | 41,905 | - | ||
| Accrued interest receivable (note 3) | 9,068 | - | ||
| Prepaid expenses | 19,682 | - | ||
| Due from seller | 1,768 | - | ||
| Income taxes receivable | 1,250 | - | ||
| Deposits | 742 | - | ||
| Corporate assets, net | 488 | - | ||
| Other receivables | 6,584 | - | ||
| Other assets, net | 230,327 | 219,598 | ||
| Right-of-use assets - operating leases, net | 24,552 | 25,609 | ||
| Cash and cash equivalents | 49,388 | 42,780 | ||
| Restricted cash | 25,647 | 25,029 | ||
| Securities held at fair value | 4,502 | 10,908 | ||
| Rents receivable, net | 63,710 | 61,099 | ||
| Assets of property held for sale | 21,023 | 47,444 | ||
| Total assets | 4,875,192 | 4,875,569 | ||
| Mortgage and other notes payable, net | 978,915 | 1,007,588 | ||
| Unsecured notes payable, net | 818,093 | 743,049 | ||
| Unsecured line of credit | 65,000 | 53,500 | ||
| Accounts payable and other liabilities | 276,233 | 270,985 | ||
| Liabilities of properties held for sale | - | 163 | ||
| Lease liabilities - operating leases | 26,969 | 27,980 | ||
| Dividends and distributions payable | 27,749 | 27,748 | ||
| Distributions in excess of income from, and investments in, unconsolidated affiliates | 17,119 | 17,223 | ||
| Total liabilities | 2,210,078 | 2,148,236 | ||
| Redeemable noncontrolling interests (note 10) | 9,114 | 21,174 | ||
| Common shares, 0.001 par value per share, authorized 200,000,000 shares, issued and outstanding 131,031,455 and 119,657,594 shares as of september 30, 2025 and december 31, 2024, respectively | 131 | 131 | ||
| Additional paid-in capital | 2,708,691 | 2,707,218 | ||
| Accumulated other comprehensive income | 17,001 | 19,982 | ||
| Distributions in excess of accumulated earnings | -479,803 | -458,205 | ||
| Total acadia shareholders equity | 2,246,020 | 2,269,126 | ||
| Noncontrolling interests | 409,980 | 437,033 | ||
| Total equity | 2,656,000 | 2,706,159 | ||
| Total liabilities, redeemable noncontrolling interests, and equity | 4,875,192 | 4,875,569 | ||
ACADIA REALTY TRUST (AKR)
ACADIA REALTY TRUST (AKR)