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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues $ 104,394 $ 91,356
Expenses    
Depreciation and amortization 39,440 34,940
General and administrative 11,597 9,768
Real estate taxes 13,303 12,346
Property operating 18,280 19,096
Impairment charges 6,450 0
Total expenses 89,070 76,150
Loss on disposition of properties 0 (1,198)
Operating income 15,324 14,008
Equity in losses of unconsolidated affiliates (1,713) (312)
Interest income [1] 6,096 5,238
Realized and unrealized holding gains (losses) on investments and other 1,621 (2,051)
Interest expense (23,247) (23,709)
Loss on change in control (9,622) 0
Loss from continuing operations before income taxes (11,541) (6,826)
Income tax provision (116) (31)
Net income (loss) (11,657) (6,857)
Net loss attributable to redeemable noncontrolling interests 1,669 2,554
Net loss attributable to noncontrolling interests 11,596 7,572
Net income attributable to Acadia shareholders $ 1,608 $ 3,269
Basic income per share $ 0.01 $ 0.03
Diluted income per share $ 0.01 $ 0.03
Weighted average shares for basic earnings per share 121,328,731 102,127,715
Weighted average shares for diluted income per share 121,328,731 102,127,715
Rental Income    
Revenues $ 102,640 $ 86,037
Other    
Revenues $ 1,754 $ 5,319
[1] Includes interest income on Notes receivable, net to related parties, advances to unconsolidated affiliates, and loans to redeemable noncontrolling interest holders of $3.5 million and $2.7 million for the three months ended March 31, 2025 and 2024, respectively (Note 3, Note 10)