SEC Filings

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

 

 

 

Balance Sheet – Pro-rata Adjustments8

Supplemental Report – March 31, 2019

(in thousands)

 

__________

Notes to income statements, balance sheet and pro rata adjustments:

 

1.

Quarterly results are unaudited, although they reflect all adjustments, which in the opinion of management are necessary for a fair presentation of operating results for the interim periods.

 

 

2.

Effective January 1, 2019, expense reimbursements are combined with Rental income in accordance with Accounting Standards Codification 842, Leases. For more information about the implementation of ASC 842, please refer to the Company’s current Quarterly Report on Form 10-Q.

 

3.

Net of capitalized interest of $2.6 million for the quarter ended March 31, 2019.

 

 

4.

Consists of development, construction, leasing and legal fees.

 

 

5.

Noncontrolling interests represent limited partners’ interests in consolidated partnerships’ activities.

 

 

6.

Represents the Company’s share of co-investment partnerships’ activities, of which each are included on a single line presentation in the Company’s consolidated financial statements in accordance with GAAP.

 

 

7.

Adjustment to noncontrolling interests exclude income allocable to Operating Partnership Units of $0.8 million for the quarter ended March 31, 2019.

 

8.

Effective January 1, 2019, the Company established right-of-use assets and corresponding lease liabilities associated with its leases payable in accordance with Accounting Standards Codification 842, Leases. For more information about the implementation of ASC 842, please refer to the Company’s current Quarterly Report on Form 10-Q.

 

9.

The Company currently invests in Funds II, III, IV & V and Mervyns II which are consolidated within the Company's financial statements.

 

 

 

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