XML 46 R37.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Schedule of Rental Revenue

The components of rental revenue are as follows (in thousands):

	Three Months Ended March 31,
	2024				2023
Fixed lease revenue	$	68,657			$	64,882
Variable lease revenue		17,380				15,855
Total rental revenue	$	86,037			$	80,737

Schedule of Future Minimum Rental Revenues

The scheduled future minimum rental revenues from rental properties under the terms of non-cancelable tenant leases greater than one year (assuming no new or renegotiated leases or option extensions for such premises) as of March 31, 2024, are summarized as follows (in thousands):

Year Ending December 31,		Minimum Rental Revenues (a)
2024 (Remainder)		$	180,170
2025			240,000
2026			217,554
2027			193,180
2028			163,307
Thereafter			702,061
Total		$	1,696,272

Amount represents contractual lease maturities as of March 31, 2024 including any extension options that management determined were reasonably certain of exercise.

Schedule of Future Minimum Rental Payments for Operating and Capital Leases

		Minimum Rental Payments
Year Ending December 31,		Operating Leases (a)				Finance Leases (a)
2024 (Remainder)		$	4,059			$	2,829
2025			5,329				2,311
2026			5,173				1,264
2027			4,373				1,264
2028			4,157				1,310
Thereafter			15,912				154,018
			39,003				162,996
Interest			(8,383	)			(130,300	)
Total		$	30,620			$	32,696

(a)Minimum rental payments include $8.4 million of interest related to operating leases and $130.3 million related to finance leases and exclude options or renewals not reasonably certain of exercise.

Schedule of Lease Cost

Additional disclosures regarding the Company’s leases as lessee are as follows (dollars in thousands):

		Three Months Ended March 31,
		2024				2023
Lease Cost
Finance lease cost:
Amortization of right-of-use assets		$	249			$	226
Interest on lease liabilities			522				106
Subtotal			771				332
Operating lease cost			1,331				1,337
Variable lease cost			75				20
Total lease cost		$	2,177			$	1,689
Other Information
Weighted-average remaining lease term - finance leases (years)			58.2				31.8
Weighted-average remaining lease term - operating leases (years)			9.5				13.4
Weighted-average discount rate - finance leases			6.5	%			6.3	%
Weighted-average discount rate - operating leases			5.1	%			5.1	%

X

- Definition

Tabular disclosre of future minimum rental revenues.

+ References

No definition available.

+ Details

Name:	akr_ScheduleOfFutureMinimumPaymentsForOperatingAndCapitalLeasesTableTextBlock
Namespace Prefix:	akr_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-12

+ Details

Name:	us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of income from operating lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479773/842-30-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482964/270-10-50-6A

+ Details

Name:	us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration