XML 46 R37.htm IDEA: XBRL DOCUMENT
v3.25.2

Shareholders' Equity, Noncontrolling Interests and Other Comprehensive Loss (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] |
Summary of Change in Noncontrolling Interest | The following tables summarize the change in the noncontrolling interests for the three and six months ended June 30, 2025 and 2024 (dollars in thousands, except per unit data):
|  | Noncontrolling Interests in Operating Partnership (a) |  |  | Noncontrolling Interests in Partially-Owned Affiliates (b) |  |  | Total |  |  | Redeemable Noncontrolling Interests (c) |
Balance as of April 1, 2025 |  | $ | 95,628 |  |  | $ | 369,158 |  |  | $ | 464,786 |  |  | $ | 25,897 |
Distributions declared of $0.20 per Common OP Unit and distributions on Preferred OP Units |  |  | (1,447 | ) |  |  | — |  |  |  | (1,447 | ) |  |  | — |
Net income (loss) for the three months ended June 30, 2025 |  |  | 175 |  |  |  | (21,356 | ) |  |  | (21,181 | ) |  |  | (1,724 | )
Conversion of 23,118 Common OP Units to Common Shares by limited partners of the Operating Partnership |  |  | (395 | ) |  |  | — |  |  |  | (395 | ) |  |  | — |
Other comprehensive income - unrealized loss on valuation of swap agreements |  |  | (301 | ) |  |  | (274 | ) |  |  | (575 | ) |  |  | — |
Reclassification of realized interest expense on swap agreements |  |  | (4 | ) |  |  | (596 | ) |  |  | (600 | ) |  |  | — |
City Point Loan accrued interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,009 | )
Noncontrolling interest contributions |  |  | — |  |  |  | 377 |  |  |  | 377 |  |  |  | 10 |
Noncontrolling interest distributions |  |  | — |  |  |  | (4,875 | ) |  |  | (4,875 | ) |  |  | — |
Employee Long-term Incentive Plan Unit Awards |  |  | 2,969 |  |  |  | — |  |  |  | 2,969 |  |  |  | — |
Reallocation of noncontrolling interests (d) |  |  | (2,026 | ) |  |  | — |  |  |  | (2,026 | ) |  |  | — |
Balance as of June 30, 2025 |  | $ | 94,599 |  |  | $ | 342,434 |  |  | $ | 437,033 |  |  | $ | 21,174 |
Balance as of April 1, 2024 |  | $ | 92,707 |  |  | $ | 372,462 |  |  | $ | 465,169 |  |  | $ | 45,462 |
Distributions declared of $0.18 per Common OP Unit and distributions on Preferred OP Units |  |  | (1,228 | ) |  |  | — |  |  |  | (1,228 | ) |  |  | — |
Net income (loss) for the three months ended June 30, 2024 |  |  | 193 |  |  |  | 2,238 |  |  |  | 2,431 |  |  |  | (2,292 | )
Conversion of 255,304 Common OP Units and 41,599 Series C Preferred Units to Common Shares by limited partners of the Operating Partnership |  |  | (6,427 | ) |  |  | — |  |  |  | (6,427 | ) |  |  | — |
Other comprehensive income - unrealized gain on valuation of swap agreements |  |  | 86 |  |  |  | 2,282 |  |  |  | 2,368 |  |  |  | — |
Reclassification of realized interest expense on swap agreements |  |  | (50 | ) |  |  | (3,637 | ) |  |  | (3,687 | ) |  |  | — |
City Point Loan accrued interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,290 | )
Capital call receivable |  |  | — |  |  |  | 6,153 |  |  |  | 6,153 |  |  |  | — |
Noncontrolling interest contributions |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Noncontrolling interest distributions |  |  | — |  |  |  | (7,960 | ) |  |  | (7,960 | ) |  |  | (6 | )
Employee Long-term Incentive Plan Unit Awards |  |  | 2,473 |  |  |  | — |  |  |  | 2,473 |  |  |  | — |
Reallocation of noncontrolling interests (d) |  |  | (2,071 | ) |  |  | — |  |  |  | (2,071 | ) |  |  | — |
Balance as of June 30, 2024 |  | $ | 85,683 |  |  | $ | 371,538 |  |  | $ | 457,221 |  |  | $ | 40,874 |
|  | Noncontrolling Interests in Operating Partnership (a) |  |  | Noncontrolling Interests in Partially-Owned Affiliates (b) |  |  | Total |  |  | Redeemable Noncontrolling Interests (c) |
Balance at January 1, 2025 |  | $ | 85,730 |  |  | $ | 350,287 |  |  | $ | 436,017 |  |  | $ | 30,583 |
Distributions declared of $0.40 per Common OP Unit and distributions on Preferred OP Units |  |  | (2,891 | ) |  |  | — |  |  |  | (2,891 | ) |  |  | — |
Net income (loss) for the six months ended June 30, 2025 |  |  | 323 |  |  |  | (33,100 | ) |  |  | (32,777 | ) |  |  | (3,393 | )
Conversion of 136,210 Common OP Units to Common Shares by limited partners of the Operating Partnership |  |  | (2,113 | ) |  |  | — |  |  |  | (2,113 | ) |  |  | — |
Other comprehensive income - unrealized loss on valuation of swap agreements |  |  | (757 | ) |  |  | (1,776 | ) |  |  | (2,533 | ) |  |  | — |
Consolidation of previously unconsolidated investment |  |  | — |  |  |  | 29,573 |  |  |  | 29,573 |  |  |  | — |
Reclassification of realized interest expense on swap agreements |  |  | (18 | ) |  |  | (1,244 | ) |  |  | (1,262 | ) |  |  | — |
City Point Loan accrued interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6,026 | )
Noncontrolling interest contributions |  |  | — |  |  |  | 8,368 |  |  |  | 8,368 |  |  |  | 10 |
Noncontrolling interest distributions |  |  | — |  |  |  | (9,674 | ) |  |  | (9,674 | ) |  |  | — |
Employee Long-term Incentive Plan Unit Awards |  |  | 5,446 |  |  |  | — |  |  |  | 5,446 |  |  |  | — |
Reallocation of noncontrolling interests (d) |  |  | 8,879 |  |  |  | — |  |  |  | 8,879 |  |  |  | — |
Balance at June 30, 2025 |  | $ | 94,599 |  |  | $ | 342,434 |  |  | $ | 437,033 |  |  | $ | 21,174 |
Balance at January 1, 2024 |  | $ | 99,718 |  |  | $ | 346,582 |  |  | $ | 446,300 |  |  | $ | 50,339 |
Distributions declared of $0.36 per Common OP Unit and distributions on Preferred OP Units |  |  | (2,681 | ) |  |  | — |  |  |  | (2,681 | ) |  |  | — |
Net income (loss) for the six months ended June 30, 2024 |  |  | 513 |  |  |  | (5,654 | ) |  |  | (5,141 | ) |  |  | (4,846 | )
Conversion of 1,050,449 Common OP Units and 41,599 Series C Preferred Units to Common Shares by limited partners of the Operating Partnership |  |  | (19,341 | ) |  |  | — |  |  |  | (19,341 | ) |  |  | — |
Other comprehensive income - unrealized gain on valuation of swap agreements |  |  | 945 |  |  |  | 7,660 |  |  |  | 8,605 |  |  |  | — |
Reclassification of realized interest expense on swap agreements |  |  | (104 | ) |  |  | (7,334 | ) |  |  | (7,438 | ) |  |  | — |
City Point Loan accrued interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,613 | )
Capital call receivable |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Noncontrolling interest contributions |  |  | — |  |  |  | 43,709 |  |  |  | 43,709 |  |  |  |
Noncontrolling interest distributions |  |  | — |  |  |  | (13,425 | ) |  |  | (13,425 | ) |  |  | (6 | )
Employee Long-term Incentive Plan Unit Awards |  |  | 6,523 |  |  |  | — |  |  |  | 6,523 |  |  |  | — |
Reallocation of noncontrolling interests (d) |  |  | 110 |  |  |  | — |  |  |  | 110 |  |  |  | — |
Balance at June 30, 2024 |  | $ | 85,683 |  |  | $ | 371,538 |  |  | $ | 457,221 |  |  | $ | 40,874 |
(a) Noncontrolling interests in the Operating Partnership are comprised of (i) the limited partners’ 2,054,386 and 2,065,537 Common OP Units as of June 30, 2025 and 2024, respectively; (ii) 188 Series A Preferred OP Units as of both June 30, 2025 and 2024; (iii) 66,519 and 84,785 Series C Preferred OP Units as of June 30, 2025 and 2024, respectively; and (iv) 5,248,423 and 4,690,993 LTIP units as of June 30, 2025 and 2024, respectively, as discussed in the Amended and Restated 2020 Plan (Note 13). Distributions declared for Preferred OP Units are reflected in net income (loss) in the table above. (b) Noncontrolling interests in partially-owned affiliates comprise third-party interests in Funds II, III, IV and V, and seven other subsidiaries. (c) Redeemable noncontrolling interests comprise third-party interests that have been granted put rights, as further described below. (d) Adjustment reflects the difference between the fair value of the consideration received or paid and the book value of the Common Shares, Common OP Units, Preferred OP Units, and LTIP Units involving changes in ownership.

X
- Definition Change in noncontrolling interests. + References No definition available. + Details
Name: | akr_ChangeInNoncontrollingInterestsTableTextBlock
Namespace Prefix: | akr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration