XML 11 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues $ 87,745 $ 81,392 $ 266,355 $ 253,179
Expenses        
Depreciation and amortization 34,500 33,726 103,721 100,955
General and administrative 10,215 10,309 30,162 30,898
Real estate taxes 11,187 11,726 33,514 34,586
Property operating 14,351 15,254 49,228 44,597
Impairment charges 0 3,686 0 3,686
Total expenses 70,253 74,701 216,625 214,722
Loss on disposition of properties 0 0 (441) 0
Operating income 17,492 6,691 49,289 38,457
Equity in earnings (losses) of unconsolidated affiliates 11,784 (4,865) 15,952 (6,273)
Interest income [1] 7,859 5,087 18,510 14,875
Realized and unrealized holding (losses) gains on investments and other (1,503) 1,664 (5,918) 30,236
Interest expense (23,363) (24,885) (70,653) (68,561)
Income (loss) from continuing operations before income taxes 12,269 (16,308) 7,180 8,734
Income tax (provision) benefit (15) 40 (201) (248)
Net income (loss) 12,254 (16,268) 6,979 8,486
Net loss attributable to redeemable noncontrolling interests 1,672 2,495 6,518 5,661
Net (income) loss attributable to noncontrolling interests (5,512) 12,347 (371) 7,063
Net income (loss) attributable to Acadia shareholders $ 8,414 $ (1,426) $ 13,126 $ 21,210
Basic income (loss) per share $ 0.07 $ (0.02) $ 0.12 $ 0.21
Diluted income (loss) per share $ 0.07 $ (0.02) $ 0.12 $ 0.21
Weighted average shares for basic income (loss) per share 108,351,254 95,319,958 104,703,763 95,256,703
Weighted average shares for diluted income (loss) per share 108,351,254 95,319,958 104,703,763 95,256,703
Rental Income        
Revenues $ 86,288 $ 79,961 $ 257,951 $ 248,839
Other        
Revenues $ 1,457 $ 1,431 $ 8,404 $ 4,340
[1] Includes interest income on Notes receivable, net, advances to unconsolidated affiliates, and loans to redeemable noncontrolling interests from related parties of $4.8 million and $2.6 million for the three months ended September 30, 2024 and 2023, respectively, and $10.3 million and $7.7 million for the nine months ended September 30, 2024 and 2023, respectively (Note 3, Note 10)