SEC Filings

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

 

 

 

 

Income Statement - Detail

Supplemental Report – March 31, 2019

(in thousands)

 

 

 

 

 

 

 

 

March 31, 2019 1

 

CORE PORTFOLIO AND FUND INCOME

 

Quarter

 

PROPERTY REVENUES

 

 

 

 

Minimum rents

 

$

51,365

 

Percentage rents

 

 

196

 

Expense reimbursements - CAM 2

 

 

5,578

 

Expense reimbursements - Taxes 2

 

 

7,759

 

Other property income

 

 

502

 

Total Property Revenues

 

 

65,400

 

 

 

 

 

 

PROPERTY EXPENSES

 

 

 

 

Property operating - CAM

 

 

9,054

 

Other property operating (Non-CAM)

 

 

3,192

 

Real estate taxes

 

 

9,603

 

Total Property Expenses

 

 

21,849

 

 

 

 

 

 

NET OPERATING INCOME - PROPERTIES

 

 

43,551

 

 

 

 

 

 

OTHER INCOME (EXPENSE)

 

 

 

 

Interest income

 

 

2,270

 

Straight-line rent income

 

 

1,154

 

Above/below-market rent

 

 

7,965

 

Interest expense 3

 

 

(15,299

)

Amortization of finance costs

 

 

(1,743

)

Above/below-market interest expense

 

 

26

 

Asset and property management expense

 

 

(118

)

Other income/expense

 

 

101

 

Financing lease interest

 

 

(843

)

CORE PORTFOLIO AND FUND INCOME

 

 

37,064

 

 

 

 

 

 

FEE INCOME

 

 

 

 

Asset and property management fees

 

 

182

 

Promote income from funds, net

 

 

 

Transactional fees 4

 

 

15

 

Income tax benefit

 

 

46

 

Total Fee Income

 

 

243

 

 

 

 

 

 

General and Administrative

 

 

(8,323

)

 

 

 

 

 

Depreciation and amortization

 

 

(30,216

)

Non-real estate depreciation and amortization

 

 

(117

)

Gain on disposition of properties

 

 

2,014

 

Income before equity in earnings and noncontrolling interests

 

 

665

 

 

 

 

 

 

Equity in earnings of unconsolidated affiliates

 

 

2,271

 

Noncontrolling interests

 

 

9,261

 

 

 

 

 

 

NET INCOME ATTRIBUTABLE TO ACADIA

 

$

12,197

 

 

 

 

 

 

 

 

 

 

6