SEC Filings

8-K
ACADIA REALTY TRUST filed this Form 8-K on 04/25/2019
Entire Document
 

 

ACADIA REALTY TRUST AND SUBSIDIARIES

Reconciliation of Consolidated Operating Income to Net Property Operating Income (“NOI”) (a)  

(dollars in thousands)

 

 

 

Three Months Ended

March 31,

 

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

 

Consolidated operating income

 

$

14,194

 

 

$

6,701

 

Add back:

 

 

 

 

 

 

 

 

General and administrative

 

 

8,323

 

 

 

8,470

 

Depreciation and amortization

 

 

30,333

 

 

 

28,576

 

Less:

 

 

 

 

 

 

 

 

Above/below market rent, straight-line rent and other adjustments

 

 

(9,299

)

 

 

(5,527

)

Consolidated NOI

 

 

43,551

 

 

 

38,220

 

 

 

 

 

 

 

 

 

 

Noncontrolling interest in consolidated NOI

 

 

(12,978

)

 

 

(8,627

)

Less: Operating Partnership's interest in Fund NOI included above

 

 

(3,503

)

 

 

(2,157

)

Add: Operating Partnership's share of unconsolidated joint ventures NOI (f)

 

 

6,595

 

 

 

5,648

 

NOI - Core Portfolio

 

$

33,665

 

 

$

33,084

 

 

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