Summary of Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly Financial Information (Unaudited)

16. Summary of Quarterly Financial Information (Unaudited)

The quarterly results of operations of the Company for the years ended December 31, 2018 and 2017 are as follows (in thousands, except per share amounts):

	Three Months Ended ^(a)
	March 31, 2018			June 30, 2018			September 30, 2018			December 31, 2018
Revenues	$	63,124		$	63,569		$	66,075		$	69,445
Net loss		(4,160	)		(2,270	)		(2,597	)		(6,671	)
Net loss attributable to noncontrolling interests		11,579			9,935			11,822			13,801
Net income attributable to Acadia		7,419			7,665			9,225			7,130

Earnings per share attributable to Acadia:
Basic	$	0.09		$	0.09		$	0.11		$	0.09
Diluted		0.09			0.09			0.11			0.09

Weighted average number of shares:
Basic		83,434			81,756			81,566			81,591
Diluted		83,438			81,756			81,566			81,591

Cash dividends declared per Common Share	$	0.27		$	0.27		$	0.27		$	0.28

(a)	The three months ended September 30, 2018 includes an aggregate $5.1 million gain on the sales of two consolidated Fund IV properties (), of which $3.9 million was attributable to noncontrolling interests.

	Three Months Ended^{(a, b, c, d)}
	March 31, 2017			June 30, 2017		September 30, 2017			December 31, 2017
Revenues	$	61,999		$	59,504	$	62,678		$	66,081
Net income		19,971			6,108		13,285			24,944
Net (income) loss attributable to noncontrolling interests		(4,340	)		5,952		(418	)		(4,032	)
Net income attributable to Acadia		15,631			12,060		12,867			20,912
Earnings per share attributable to Acadia:
Basic
Diluted	$	0.18		$	0.14	$	0.15		$	0.25
		0.18			0.14		0.15			0.25
Weighted average number of shares:
Basic		83,635			83,662		83,700			83,733
Diluted		83,646			83,662		83,700			83,733

Cash dividends declared per Common Share	$	0.26		$	0.26	$	0.26		$	0.27

(a)

The three months ended March 31, 2017 includes the Company’s $2.7 million proportionate share of aggregate gains of $14.5 million on the sales of two unconsolidated properties ().

(b)

The three months ended June 30, 2017 includes the Company’s $0.8 million proportionate share of a $3.3 million gain on sale of an unconsolidated property (Note 4).

(c)

The three months ended September 30, 2017 includes an aggregate $13.0 million gain on the sales of two consolidated properties (Note 2), of which $10.7 million was attributable to noncontrolling interests as well as an impairment charge of $3.8 million, inclusive of an amount attributable to a noncontrolling interest of $2.7 million (Note 8).

(d)

The three months ended December 31, 2017 includes a $5.6 million gain on change in control of interests (Note 4), an aggregate $35.9 million gain on the sales of three consolidated properties (Note 2), of which $26.7 million was attributable to noncontrolling interests; and an impairment charge of $10.6 million, of which $7.6 million was attributable to noncontrolling interests (Note 8).