SEC Filings

8-K
ACADIA REALTY TRUST filed this Form 8-K on 02/19/2019
Entire Document
 

 

 

Balance Sheet

Supplemental Report – December 31, 2018

(in thousands)

 

 

 

ASSETS

 

Consolidated

Balance

Sheet

As Reported

 

 

Line Item Details:

 

Real estate

 

 

 

 

 

 

 

 

 

 

Land

 

$

710,469

 

 

The components of Real estate under development, at cost are as follows:

 

Buildings and improvements

 

 

2,745,982

 

 

Core

 

$

7,759

 

Construction in progress

 

 

44,092

 

 

Fund II

 

 

7,462

 

Properties under capital lease

 

 

76,965

 

 

Fund III

 

 

21,242

 

 

 

 

3,577,508

 

 

Fund IV

 

 

83,834

 

Less: accumulated depreciation

 

 

(416,657

)

 

Total

 

$

120,297

 

Operating real estate, net

 

 

3,160,851

 

 

 

 

 

 

 

Real estate under development

 

 

120,297

 

 

Summary of other assets, net:

 

 

 

 

Net investments in real estate

 

 

3,281,148

 

 

Deferred charges, net

 

$

28,619

 

Notes receivable, net

 

 

109,613

 

 

Prepaid expenses

 

 

18,422

 

Investments in and advances to unconsolidated affiliates

 

 

262,410

 

 

Accrued interest receivable

 

 

17,046

 

Lease intangibles, net

 

 

115,939

 

 

Derivative financial instruments

 

 

7,018

 

Other assets, net

 

 

92,631

 

 

Other receivables

 

 

5,058

 

Cash and cash equivalents

 

 

21,268

 

 

Deposits

 

 

4,611

 

Straight-line rents receivable, net

 

 

44,044

 

 

Due from seller

 

 

4,000

 

Rents receivable, net

 

 

18,147

 

 

Income taxes receivable

 

 

2,070

 

Restricted cash

 

 

13,580

 

 

Corporate assets

 

 

1,953

 

Total Assets

 

$

3,958,780

 

 

Due from related parties

 

 

1,802

 

 

 

 

 

 

 

Deferred tax assets

 

 

2,032

 

LIABILITIES AND SHAREHOLDERS' EQUITY

 

 

 

 

 

Total

 

$

92,631

 

Mortgage and other notes payable, net

 

$

1,017,288

 

 

 

 

 

 

 

Unsecured notes payable, net

 

 

533,257

 

 

 

 

 

 

 

Unsecured line of credit

 

 

-

 

 

Summary of accounts payable and other liabilities:

 

 

 

 

Accounts payable and other liabilities

 

 

119,916

 

 

Accounts payable and accrued expenses

 

$

65,215

 

Lease intangibles, net

 

 

95,045

 

 

Deferred income

 

 

34,052

 

Capital lease obligation

 

 

71,111

 

 

Tenant security deposits, escrow and other

 

 

10,588

 

Dividends and distributions payable

 

 

24,593

 

 

Derivative financial instruments

 

 

7,304

 

Distributions in excess of income from, and investments in, unconsolidated affiliates

 

 

15,623

 

 

Income taxes payable

 

 

19

 

Total Liabilities

 

 

1,876,833

 

 

Other

 

 

2,738

 

Shareholders' equity

 

 

 

 

 

Total

 

$

119,916

 

Common shares

 

 

82

 

 

 

 

 

 

 

Additional paid-in capital

 

 

1,548,603

 

 

 

 

 

 

 

Accumulated other comprehensive income

 

 

516

 

 

 

 

 

 

 

Distributions in excess of accumulated earnings

 

 

(89,696

)

 

 

 

 

 

 

Total Acadia shareholders' equity

 

 

1,459,505

 

 

 

 

 

 

 

Noncontrolling interests

 

 

622,442

 

 

 

 

 

 

 

Total Shareholders' Equity

 

 

2,081,947

 

 

 

 

 

 

 

Total Liabilities and Shareholders' Equity

 

$

3,958,780

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8