Acadia Realty Trust (AKR) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
411 THEODORE FREMD AVENUE RYE, NY 10580 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 17,158 | 17,746 | 19,232 | 15,845 | 21,268 | 74,823 | |||
| Cash and cash equivalents | 17,158 | 17,746 | 19,232 | 15,845 | 21,268 | 74,823 | |||
| Total current assets: | 17,158 | 17,746 | 19,232 | 15,845 | 21,268 | 74,823 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 25,086 | 25,086 | 25,086 | 102,055 | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 37,281 | 40,743 | 76,268 | 60,006 | ✕ | ✕ | |||
| Property, plant and equipment | 838,829 | 750,772 | 782,026 | 769,914 | 831,526 | 754,442 | |||
| Long-term investments and receivables | 294,192 | 325,690 | 253,489 | 308,779 | 266,410 | 306,370 | |||
| Due from related parties | ✕ | 3,036 | 3,364 | 3,682 | 3,682 | 4,000 | 4,300 | ||
| Long-term investments | 291,156 | 322,326 | 249,807 | 305,097 | 262,410 | 302,070 | |||
| Intangible assets, net (including goodwill) | 102,374 | 108,918 | 100,732 | 116,820 | 115,939 | 127,571 | |||
| Intangible assets, net (excluding goodwill) | 102,374 | 108,918 | 100,732 | 116,820 | 115,939 | 127,571 | |||
| Other receivable, after allowance for credit loss | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent assets: | 1,297,762 | 1,251,209 | 1,237,601 | 1,357,574 | 1,213,875 | 1,188,383 | |||
| Other undisclosed assets | 2,987,662 | 2,992,791 | 2,930,049 | 2,935,695 | 2,723,637 | 2,697,041 | |||
| TOTAL ASSETS: | 4,302,582 | 4,261,746 | 4,186,882 | 4,309,114 | 3,958,780 | 3,960,247 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 2,053,722 | 2,111,811 | 2,138,329 | 2,122,149 | 1,876,833 | 1,744,608 | |||
| Total liabilities: | 2,053,722 | 2,111,811 | 2,138,329 | 2,122,149 | 1,876,833 | 1,744,608 | |||
| Temporary equity, carrying amount | 67,664 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent | 1,691,832 | 1,521,613 | 1,441,314 | 1,542,308 | 1,459,505 | 1,567,199 | |||
| Common stock | 95 | 89 | 86 | 87 | 82 | 84 | |||
| Additional paid in capital | 1,945,322 | 1,754,383 | 1,683,165 | 1,706,357 | 1,548,603 | 1,596,514 | |||
| Accumulated other comprehensive income (loss) | 46,817 | (36,214) | (74,891) | (31,175) | 516 | 2,614 | |||
| Accumulated deficit | (300,402) | (196,645) | (167,046) | (132,961) | (89,696) | (32,013) | |||
| Equity, attributable to noncontrolling interest | 489,364 | 628,322 | 607,239 | 644,657 | 622,442 | 648,440 | |||
| Total equity: | 2,181,196 | 2,149,935 | 2,048,553 | 2,186,965 | 2,081,947 | 2,215,639 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,302,582 | 4,261,746 | 4,186,882 | 4,309,114 | 3,958,780 | 3,960,247 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 326,290 | 292,497 | 255,484 | 295,327 | 262,213 | 250,262 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 250,262 | |
| Other income | (34,994) | 49,120 | 113,930 | 6,947 | ||||
| Cost of revenue | (101,927) | (98,873) | (100,100) | (41,668) | ||||
| Cost of goods and services sold | (56,995) | (53,516) | (56,595) | (41,668) | ||||
| Gross profit: | 224,363 | 193,624 | 155,384 | 295,327 | 262,213 | 208,594 | ||
| Operating expenses | (213,294) | (173,489) | (271,446) | (253,048) | (234,672) | (232,943) | ||
| Other undisclosed operating income | 57,161 | 10,521 | 683 | 30,324 | 41,668 | |||
| Operating income (loss): | 68,230 | 30,656 | (115,379) | 72,603 | 27,541 | 17,319 | ||
| Nonoperating income (Investment Income, Nonoperating) | 58,185 | 122,909 | 7,988 | 13,231 | ||||
| Interest and debt expense | (80,209) | (68,048) | (72,060) | (73,788) | (69,978) | (58,978) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (11,979) | 20,793 | (64,530) | 6,803 | (29,206) | (41,659) | ||
| Income (loss) from equity method investments | (32,907) | 5,330 | (1,237) | 8,922 | 9,302 | 23,371 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (20,353) | 6,947 | ||||||
| Income (loss) from continuing operations before income taxes: | (65,239) | 26,123 | (65,767) | 22,672 | (19,904) | (18,288) | ||
| Income tax expense | (12) | (93) | (271) | (1,468) | (934) | (1,004) | ||
| Other undisclosed income from continuing operations | 34,714 | |||||||
| Income (loss) from continuing operations: | (65,251) | 26,030 | (66,038) | 21,204 | (20,838) | 15,422 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 26,030 | (66,038) | 21,204 | (20,838) | 15,422 | |
| Other undisclosed net income | 5,140 | 48,886 | ||||||
| Net income (loss): | (65,251) | 26,030 | (66,038) | 21,204 | (15,698) | 64,308 | ||
| Net income (loss) attributable to noncontrolling interest | 24,270 | (2,482) | 57,279 | 31,841 | (2,838) | |||
| Net income (loss) attributable to parent: | (40,981) | 23,548 | (8,759) | 53,045 | (15,698) | 61,470 | ||
| Other undisclosed net income available to common stockholders, basic | 5,536 | 47,137 | ||||||
| Net income (loss) available to common stockholders, diluted: | (35,445) | 23,548 | (8,759) | 53,045 | 31,439 | 61,470 | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (65,251) | 26,030 | (66,038) | 21,204 | (15,698) | 64,308 | ||
| Other comprehensive income (loss) | 105,090 | 51,907 | (59,033) | (36,546) | (2,588) | 3,951 | ||
| Comprehensive income (loss): | 39,839 | 77,937 | (125,071) | (15,342) | (18,286) | 68,259 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 5,536 | (15,712) | 72,596 | 36,696 | 47,627 | (3,377) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 2,211 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 47,586 | 62,225 | (52,475) | 21,354 | 29,341 | 64,882 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.