SEC Filings

10-Q
ACADIA REALTY TRUST filed this Form 10-Q on 04/25/2019
Entire Document
 

ACADIA REALTY TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

 

 

 

Three Months Ended March 31,

 

(dollars in thousands)

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

Net income attributable to Acadia

 

$

12,197

 

 

$

7,419

 

Less: net income attributable to participating securities

 

 

(68

)

 

 

(44

)

Income from continuing operations net of income attributable to participating securities

 

$

12,129

 

 

$

7,375

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares for basic earnings per share

 

 

82,032,852

 

 

 

83,434,083

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Employee unvested restricted shares

 

 

4,562

 

 

 

4,394

 

Denominator for diluted earnings per share

 

 

82,037,414

 

 

 

83,438,477

 

 

 

 

 

 

 

 

 

 

Basic and diluted earnings per Common Share from continuing operations attributable to Acadia

 

$

0.15

 

 

$

0.09

 

 

 

 

 

 

 

 

 

 

Anti-Dilutive Shares Excluded from Denominator:

 

 

 

 

 

 

 

 

Series A Preferred OP Units

 

 

188

 

 

 

188

 

Series A Preferred OP Units - Common share equivalent

 

 

25,067

 

 

 

25,067

 

 

 

 

 

 

 

 

 

 

Series C Preferred OP Units

 

 

136,593

 

 

 

136,593

 

Series C Preferred OP Units - Common share equivalent

 

 

474,278

 

 

 

474,278

 

 

 

 

 

39