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v2.4.1.9

CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended
--- | ---
Mar. 31, 2015 | Mar. 31, 2014
Revenues |  |
Rental income | $ 38,187 us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue | $ 33,818 us-gaap_OperatingLeasesIncomeStatementMinimumLeaseRevenue
Interest income | 3,408 akr_MortgageInterestIncome | 3,164 akr_MortgageInterestIncome
Expense reimbursements | 10,066 us-gaap_TenantReimbursements | 8,790 us-gaap_TenantReimbursements
Other | 820 us-gaap_OtherRealEstateRevenue | 913 us-gaap_OtherRealEstateRevenue
Total revenues | 52,481 us-gaap_RealEstateRevenueNet | 46,685 us-gaap_RealEstateRevenueNet
Operating Expenses |  |
Property operating | 7,731 us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment | 7,124 us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment
Other operating | 2,120 us-gaap_OtherCostAndExpenseOperating | 687 us-gaap_OtherCostAndExpenseOperating
Real estate taxes | 6,292 us-gaap_RealEstateTaxExpense | 5,670 us-gaap_RealEstateTaxExpense
General and administrative | 7,532 us-gaap_GeneralAndAdministrativeExpense | 6,896 us-gaap_GeneralAndAdministrativeExpense
Depreciation and amortization | 13,658 us-gaap_DepreciationAndAmortization | 11,587 us-gaap_DepreciationAndAmortization
Total operating expenses | 37,333 us-gaap_OperatingExpenses | 31,964 us-gaap_OperatingExpenses
Operating income | 15,148 us-gaap_OperatingIncomeLoss | 14,721 us-gaap_OperatingIncomeLoss
Equity in earnings of unconsolidated affiliates | 6,593 us-gaap_IncomeLossFromEquityMethodInvestments | 3,029 us-gaap_IncomeLossFromEquityMethodInvestments
Loss on debt extinguishment | (109)us-gaap_GainsLossesOnExtinguishmentOfDebt | (203)us-gaap_GainsLossesOnExtinguishmentOfDebt
Gain on disposition of property | 27,143 us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 12,387 us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Interest and other finance expense | (8,821)us-gaap_InterestAndDebtExpense | (10,651)us-gaap_InterestAndDebtExpense
Income from continuing operations before income tax provision | 39,954 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic | 19,283 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
Income tax provision | (1,417)us-gaap_IncomeTaxExpenseBenefit | (168)us-gaap_IncomeTaxExpenseBenefit
Net income | 38,537 us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest | 19,115 us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Net (income) loss attributable to noncontrolling interests | (21,990)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 2,480 us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Common Shareholders | $ 16,547 us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic | $ 21,595 us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic and diluted earnings per share | $ 0.24 us-gaap_EarningsPerShareBasic | $ 0.38 us-gaap_EarningsPerShareBasic

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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569616-111683 + Details
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- Definition The total amount of lease revenue recognized for the period for which the lessee was obligated under leasing arrangements regardless of any other events or conditions. This amount excludes contingent revenue and sublease revenue. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7501430&loc=d3e39896-112707 + Details
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