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Earnings Per Common Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Numerator: |  |  |  |
Net income attributable to Acadia shareholders | $ 5,618 | $ 8,414 | $ 9,189 | $ 13,126
Less: adjustment of redeemable non-controlling interest to estimated redemption value (Note 10) | (888) | 0 | (888) | 0
Less: net income attributable to participating securities | (340) | (306) | (1,017) | (883)
Income from continuing operations net of income attributable to participating securities for basic earnings per share | $ 4,390 | $ 8,108 | $ 7,284 | $ 12,243
Denominator: |  |  |  |
Weighted average shares for basic earnings per share | 131,019,918 | 108,351,254 | 127,812,182 | 104,703,763
Denominator for diluted earnings per share | 131,022,230 | 108,351,254 | 127,818,713 | 104,703,763
Effect of dilutive securities: |  |  |  |
Series A Preferred OP Units | 0 | 0 | 0 | 0
Employee unvested restricted shares | 2,312 | 0 | 6,531 | 0
Assumed settlement of forward sales agreements (Note 10) | 0 | 0 | 0 | 0
Basic earnings per Common Share from continuing operations attributable to Acadia shareholders | $ 0.03 | $ 0.07 | $ 0.06 | $ 0.12
Diluted earnings per Common Share from continuing operations attributable to Acadia shareholders | $ 0.03 | $ 0.07 | $ 0.06 | $ 0.12
Series A Preferred OP Units |  |  |  |
Anti-Dilutive Shares Excluded from Denominator: |  |  |  |
Antidilutive securities excluded from computation of earnings per share (in shares) | 188 | 188 | 188 | 188
Series A Preferred OP Units - Common Share Equivalent |  |  |  |
Anti-Dilutive Shares Excluded from Denominator: |  |  |  |
Antidilutive securities excluded from computation of earnings per share (in shares) | 25,067 | 25,067 | 25,067 | 25,067
Series C Preferred OP Units |  |  |  |
Anti-Dilutive Shares Excluded from Denominator: |  |  |  |
Antidilutive securities excluded from computation of earnings per share (in shares) | 66,519 | 66,519 | 66,519 | 66,519
Series C Preferred OP Units - Common Share Equivalent |  |  |  |
Anti-Dilutive Shares Excluded from Denominator: |  |  |  |
Antidilutive securities excluded from computation of earnings per share (in shares) | 230,967 | 230,967 | 230,967 | 230,967
Restricted shares |  |  |  |
Anti-Dilutive Shares Excluded from Denominator: |  |  |  |
Antidilutive securities excluded from computation of earnings per share (in shares) | 77,046 | 81,175 | 72,827 | 81,175

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