SEC Filings

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

 

 

 

 

Portfolio Debt - Summary

Supplemental Report – March 31, 2019

(in thousands)

 

 

 

Acadia Pro-Rata Share of Debt 2

 

 

 

 

 

 

Core Portfolio

 

 

Funds

 

 

Total

 

 

Reconciliation to Consolidated Debt as Reported

 

Unsecured Debt

 

Principal

Balance

 

 

Interest

Rate

 

 

WA Years

to

Maturity 6

 

 

Principal

Balance

 

 

Interest

Rate

 

 

WA Years

to

Maturity 6

 

 

Principal

Balance

 

 

%

 

 

Interest

Rate

 

 

WA Years

to

Maturity 6

 

 

Add:

Noncontrolling

Interest Share

of Debt 3

 

 

Less: Pro-rata

Share of

Unconsolidated

Debt 4

 

 

Acadia

Consolidated

Debt as

Reported

 

Fixed-Rate Debt 1

 

$

359,000

 

 

 

3.3

%

 

 

4.0

 

 

$

 

 

 

 

 

 

 

 

$

359,000

 

 

 

37

%

 

 

3.3

%

 

 

4.0

 

 

$

 

 

$

 

 

$

359,000

 

Variable-Rate Debt 5

 

 

 

 

 

 

 

 

 

 

 

30,942

 

 

 

4.5

%

 

 

0.5

 

 

 

30,942

 

 

 

3

%

 

 

4.5

%

 

 

0.5

 

 

 

100,483

 

 

 

 

 

 

131,425

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

40

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage and Other Notes Payable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed-Rate Debt 1

 

 

348,022

 

 

 

4.2

%

 

 

7.2

 

 

 

116,257

 

 

 

5.0

%

 

 

2.3

 

 

 

464,279

 

 

 

47

%

 

 

4.4

%

 

 

6.0

 

 

 

381,134

 

 

 

(121,094

)

 

 

724,319

 

Variable-Rate Debt 5

 

 

32,938

 

 

 

4.2

%

 

 

4.4

 

 

 

95,817

 

 

 

3.8

%

 

 

1.5

 

 

 

128,755

 

 

 

13

%

 

 

3.9

%

 

 

2.2

 

 

 

310,413

 

 

 

(43,138

)

 

 

396,030

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

60

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

739,960

 

 

 

3.8

%

 

 

5.5

 

 

$

243,016

 

 

 

4.5

%

 

 

1.7

 

 

$

982,976

 

 

 

100

%

 

 

3.9

%

 

 

4.6

 

 

$

792,030

 

 

$

(164,232

)

 

 

1,610,774

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unamortized premium

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

728

 

Net unamortized loan costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(12,323

)

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

1,599,179

 

_________

 

1.

Fixed-rate debt includes notional principal fixed through swap transactions.

 

2.

Represents the Company's pro-rata share of debt based on its percent ownership.

 

3.

Represents the noncontrolling interest pro-rata share of consolidated partnership debt based on its percent ownership.

 

4.

Represents the Company's pro-rata share of unconsolidated partnership debt based on its percent ownership.

 

5.

Variable rate debt includes certain borrowings that are subject to interest rate cap agreements.

 

6.

Based on debt maturity date without regard to swap expirations or available extension options.

 

 

 

20