XML 29 R31.htm IDEA: XBRL DOCUMENT
v2.4.0.6

SEGMENT REPORTING (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2012
Segment Reporting [Abstract] |
Reconciliation of Certain Segment Information from Segments to Consolidated [Table Text Block] | The following tables set forth certain segment information for the Company, reclassified for discontinued operations, as of and for the three and six months ended June 30, 2012 and 2011 and does not include unconsolidated affiliates:
Three Months Ended June 30, 2012
(dollars in thousands) | Core Portfolio |  | Opportunity Funds |  | Self- Storage Investments |  | Notes Receivable |  | Other |  | Amounts Eliminated in Consolidation |  | Total
Revenues | $ | 17,003 |  |  | $ | 16,555 |  |  | $ | 6,350 |  |  | $ | 2,155 |  |  | $ | 6,140 |  |  | $ | (5,777 | ) |  | $ | 42,426 |
Property operating expenses and real estate taxes | 4,468 |  |  | 6,618 |  |  | 3,107 |  |  | — |  |  | — |  |  | (745 | ) |  | 13,448 |
General and administrative | 5,774 |  |  | 4,206 |  |  | — |  |  | — |  |  | — |  |  | (4,763 | ) |  | 5,217 |
Income before depreciation and amortization and interest and other finance expense | $ | 6,761 |  |  | $ | 5,731 |  |  | $ | 3,243 |  |  | $ | 2,155 |  |  | $ | 6,140 |  |  | $ | (269 | ) |  | $ | 23,761 |
Depreciation and amortization | $ | 4,495 |  |  | $ | 4,764 |  |  | $ | 1,138 |  |  | $ | — |  |  | $ | — |  |  | $ | (250 | ) |  | $ | 10,147 |
Interest and other finance expense | $ | 3,721 |  |  | $ | 4,018 |  |  | $ | 888 |  |  | $ | — |  |  | $ | — |  |  | $ | 120 |  |  | $ | 8,747 |
Real estate at cost | $ | 632,084 |  |  | $ | 850,229 |  |  | $ | 215,367 |  |  | $ | — |  |  | $ | — |  |  | $ | (16,323 | ) |  | $ | 1,681,357 |
Total assets | $ | 750,634 |  |  | $ | 974,287 |  |  | $ | 192,194 |  |  | $ | 88,712 |  |  | $ | — |  |  | $ | (151,563 | ) |  | $ | 1,854,264 |
Expenditures for redevelopment and improvements | $ | 12,778 |  |  | $ | 8,216 |  |  | $ | 815 |  |  | $ | — |  |  | $ | — |  |  | $ | (187 | ) |  | $ | 21,622 |
Acquisition of real estate | $ | 50,689 |  |  | $ | 11,737 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 62,426 |
Reconciliation to net income and net income attributable to Common Shareholders |  |  |
Income before depreciation and amortization |  | $ | 23,761 |
Other interest income |  | 22 |
Depreciation and amortization |  | (10,147 | )
Equity in earnings of unconsolidated affiliates |  | 4,591 |
Interest and other finance expense |  | (8,747 | )
Income tax provision |  | 1,039 |
Income from discontinued operations |  | 67 |
Gain on sale of property |  | 2,668 |
Net income |  | 11,176 |
Net (income) attributable to noncontrolling interests |  | (4,337 | )
Net income attributable to Common Shareholders |  | $ | 6,839 |
12. | SEGMENT REPORTING (continued)
Three Months Ended June 30, 2011
(dollars in thousands) | Core Portfolio |  | Opportunity Funds |  | Self- Storage Investments |  | Notes Receivable |  | Other |  | Amounts Eliminated in Consolidation |  | Total
Revenues | $ | 14,122 |  |  | $ | 14,104 |  |  | $ | 5,646 |  |  | $ | 3,370 |  |  | $ | 4,751 |  |  | $ | (4,465 | ) |  | $ | 37,528 |
Property operating expenses and real estate taxes | 4,173 |  |  | 4,829 |  |  | 3,498 |  |  | — |  |  | — |  |  | (677 | ) |  | 11,823 |
General and administrative | 6,058 |  |  | 2,523 |  |  | — |  |  | — |  |  | — |  |  | (2,882 | ) |  | 5,699 |
Income before depreciation and amortization and interest and other finance expense | $ | 3,891 |  |  | $ | 6,752 |  |  | $ | 2,148 |  |  | $ | 3,370 |  |  | $ | 4,751 |  |  | $ | (906 | ) |  | $ | 20,006 |
Depreciation and amortization | $ | 3,671 |  |  | $ | 3,857 |  |  | $ | 1,070 |  |  | $ | — |  |  | $ | — |  |  | $ | (297 | ) |  | $ | 8,301 |
Interest and other finance expense | $ | 4,144 |  |  | $ | 3,379 |  |  | $ | 874 |  |  | $ | — |  |  | $ | — |  |  | $ | 458 |  |  | $ | 8,855 |
Real estate at cost | $ | 477,573 |  |  | $ | 739,844 |  |  | $ | 210,997 |  |  | $ | — |  |  | $ | — |  |  | $ | (14,256 | ) |  | $ | 1,414,158 |
Total assets | $ | 632,506 |  |  | $ | 841,713 |  |  | $ | 192,713 |  |  | $ | 45,457 |  |  | $ | — |  |  | $ | (112,788 | ) |  | $ | 1,599,601 |
Expenditures for redevelopment and improvements | $ | 3,323 |  |  | $ | 9,516 |  |  | $ | 1,671 |  |  | $ | — |  |  | $ | — |  |  | $ | (632 | ) |  | $ | 13,878 |
Acquisition of real estate | $ | 33,215 |  |  | $ | 31,600 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 64,815 |
Reconciliation to net income and net income attributable to Common Shareholders |  |
Income before depreciation and amortization |  | $ | 20,006 |
Other interest income |  | 80 |
Depreciation and amortization |  | (8,301 | )
Equity in earnings of unconsolidated affiliates |  | 63 |
Interest and other finance expense |  | (8,855 | )
Income tax provision |  | 233 |
Loss on debt extinguishment |  | (102 | )
Loss from discontinued operations |  | (6,193 | )
Gain on sale of property |  | 28,576 |
Net income |  | 25,041 |
Net loss attributable to noncontrolling interests |  | 5,193 |
Net income attributable to Common Shareholders |  | $ | 30,234 |
12. | SEGMENT REPORTING (continued)
Six Months Ended June 30, 2012
(dollars in thousands) | Core Portfolio |  | Opportunity Funds |  | Self- Storage Investments |  | Notes Receivable |  | Other |  | Amounts Eliminated in Consolidation |  | Total
Revenues | $ | 32,279 |  |  | $ | 31,870 |  |  | $ | 12,447 |  |  | $ | 4,210 |  |  | $ | 11,799 |  |  | $ | (11,004 | ) |  | $ | 81,601 |
Property operating expenses and real estate taxes | 9,002 |  |  | 12,302 |  |  | 6,467 |  |  | — |  |  | — |  |  | (1,529 | ) |  | 26,242 |
General and administrative | 12,135 |  |  | 7,452 |  |  | — |  |  | — |  |  | — |  |  | (8,437 | ) |  | 11,150 |
Income before depreciation, amortization and impairment | $ | 11,142 |  |  | $ | 12,116 |  |  | $ | 5,980 |  |  | $ | 4,210 |  |  | $ | 11,799 |  |  | $ | (1,038 | ) |  | $ | 44,209 |
Depreciation and amortization | $ | 8,242 |  |  | $ | 9,195 |  |  | $ | 2,252 |  |  | — |  |  | — |  |  | $ | (474 | ) |  | $ | 19,215 |
Interest and other finance expense | $ | 7,074 |  |  | $ | 8,166 |  |  | $ | 1,764 |  |  | — |  |  | — |  |  | 329 |  |  | $ | 17,333 |
Real estate at cost | $ | 632,084 |  |  | $ | 850,229 |  |  | $ | 215,367 |  |  | — |  |  | — |  |  | $ | (16,323 | ) |  | $ | 1,681,357 |
Total assets | $ | 750,634 |  |  | $ | 974,287 |  |  | $ | 192,194 |  |  | $ | 88,712 |  |  | — |  |  | $ | (151,563 | ) |  | $ | 1,854,264 |
Expenditures for real estate and improvements | $ | 19,984 |  |  | $ | 20,958 |  |  | $ | 1,654 |  |  | — |  |  | — |  |  | $ | (891 | ) |  | $ | 41,705 |
Acquisition of real estate | $ | 66,878 |  |  | $ | 44,237 |  |  | $ | — |  |  | — |  |  | — |  |  | $ | — |  |  | $ | 111,115 |
Reconciliation to net income and net income attributable to Common Shareholders |  |
Income before depreciation and amortization |  | $ | 44,209 |
Other interest income |  | 76 |
Depreciation and amortization |  | (19,215 | )
Equity in earnings of unconsolidated affiliates |  | 4,535 |
Interest and other finance expense |  | (17,333 | )
Income tax provision |  | 1,234 |
Income from discontinued operations |  | 293 |
Gain on sale of property |  | 2,668 |
Net income |  | 13,999 |
Net (income) attributable to noncontrolling interests |  | (3,150 | )
Net income attributable to Common Shareholders |  | $ | 10,849 |
12. | SEGMENT REPORTING (continued)
Six Months Ended June 30, 2011
(dollars in thousands) | Core Portfolio |  | Opportunity Funds |  | Self- Storage Investments |  | Notes Receivable |  | Other |  | Amounts Eliminated in Consolidation |  | Total
Revenues | $ | 28,541 |  |  | $ | 26,448 |  |  | $ | 10,981 |  |  | $ | 7,921 |  |  | $ | 11,225 |  |  | $ | (10,323 | ) |  | $ | 74,793 |
Property operating expenses and real estate taxes | 8,467 |  |  | 9,368 |  |  | 6,676 |  |  | — |  |  | — |  |  | (1,122 | ) |  | 23,389 |
General and administrative | 11,957 |  |  | 6,002 |  |  | — |  |  | — |  |  | — |  |  | (6,570 | ) |  | 11,389 |
Income before depreciation and amortization | $ | 8,117 |  |  | $ | 11,078 |  |  | $ | 4,305 |  |  | $ | 7,921 |  |  | $ | 11,225 |  |  | $ | (2,631 | ) |  | $ | 40,015 |
Depreciation and amortization | $ | 6,928 |  |  | $ | 7,328 |  |  | $ | 2,019 |  |  | — |  |  | — |  |  | $ | (405 | ) |  | $ | 15,870 |
Interest and other finance expense | $ | 8,350 |  |  | $ | 7,028 |  |  | $ | 1,953 |  |  | — |  |  | — |  |  | 427 |  |  | $ | 17,758 |
Real estate at cost | $ | 477,573 |  |  | $ | 739,844 |  |  | $ | 210,997 |  |  | — |  |  | — |  |  | $ | (14,256 | ) |  | $ | 1,414,158 |
Total assets | $ | 632,506 |  |  | $ | 841,713 |  |  | $ | 192,713 |  |  | $ | 45,457 |  |  | — |  |  | $ | (112,788 | ) |  | $ | 1,599,601 |
Expenditures for real estate and improvements | $ | 4,708 |  |  | $ | 21,186 |  |  | $ | 2,116 |  |  | — |  |  | — |  |  | $ | (907 | ) |  | $ | 27,103 |
Acquisition of real estate | $ | 33,215 |  |  | $ | 31,600 |  |  | $ | — |  |  | — |  |  | — |  |  | $ | — |  |  | $ | 64,815 |
Reconciliation to net income and net income attributable to Common Shareholders |  |
Income before depreciation and amortization |  | $ | 40,015 |
Other interest income |  | 114 |
Depreciation and amortization |  | (15,870 | )
Equity in losses of unconsolidated affiliates |  | (85 | )
Interest and other finance expense |  | (17,758 | )
Income tax provision |  | 495 |
Gain on debt extinguishment |  | 1,571 |
Loss from discontinued operations |  | (5,297 | )
Gain on sale of property |  | 32,498 |
Net income |  | 34,693 |
Net loss attributable to noncontrolling interests |  | 4,964 |
Net income attributable to Common Shareholders |  | $ | 39,657 |

X
- Definition Reconciliation of Certain Segment Information from Segments to Consolidated [Table Text Block] + References No definition available. + Details
Name: | akr_ReconciliationOfCertainSegmentInformationFromSegmentsToConsolidatedTableTextBlock
Namespace Prefix: | akr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration