Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Summary of Segment Information

The following tables set forth certain segment information for the Company (in thousands):

	As of or for the Three Months Ended March 31, 2022
	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	48,350		$	33,157		$	—	$	—		$	81,507
Depreciation and amortization		(17,675	)		(16,038	)		—		—			(33,713	)
Property operating expenses, other operating and real estate taxes		(14,639	)		(9,991	)		—		—			(24,630	)
General and administrative expenses		—			—			—		(11,937	)		(11,937	)
Gain on disposition of properties		—			28,815			—		—			28,815
Operating income		16,036			35,943			—		(11,937	)		40,042
Interest and other income		—			—			2,935		—			2,935
Realized and unrealized holding gains on investments and other		1,163			14,567			—		—			15,730
Equity in earnings of unconsolidated affiliates		1,617			1,513			—		—			3,130
Interest expense		(7,597	)		(10,328	)		—		—			(17,925	)
Income tax benefit		—			—			—		185			185
Net income		11,219			41,695			2,935		(11,752	)		44,097
Net income attributable to noncontrolling interests		(1,121	)		(26,138	)		—		—			(27,259	)
Net income attributable to Acadia	$	10,098		$	15,557		$	2,935	$	(11,752	)	$	16,838
Real estate at cost (a)	$	2,511,417		$	1,757,058		$	—	$	—		$	4,268,475
Total assets (a)	$	2,398,426		$	1,944,594		$	153,161	$	—		$	4,496,181
Cash paid for acquisition of real estate	$	159,599		$	—		$	—	$	—		$	159,599
Cash paid for development and property improvement costs	$	3,752		$	4,179		$	—	$	—		$	7,931

	As of or for the Three Months Ended March 31, 2021 As Restated
	Core Portfolio			Funds			Structured Financing			Unallocated			Total
Revenues	$	42,349		$	25,838		$	—		$	—		$	68,187
Depreciation and amortization		(16,887	)		(13,753	)		—			—			(30,640	)
Property operating expenses, other operating and real estate taxes		(13,657	)		(10,758	)		—			—			(24,415	)
General and administrative expenses		—			—			—			(8,992	)		(8,992	)
Gain on disposition of properties		4,612			—			—			—			4,612
Operating income		16,417			1,327			—			(8,992	)		8,752
Interest and other income		—			—			1,700			—			1,700
Realized and unrealized holding gains on investments and other		—			6,547			(1,422	)		—			5,125
Equity in (losses) earnings of unconsolidated affiliates		(1,129	)		3,011			—			—			1,882
Interest expense		(7,214	)		(9,400	)		—			—			(16,614	)
Income tax provision		—			—			—			(148	)		(148	)
Net income		8,074			1,485			278			(9,140	)		697
Net (income) loss attributable to noncontrolling interests		(470	)		3,547			1,043			—			4,120
Net income attributable to Acadia	$	7,604		$	5,032		$	1,321		$	(9,140	)	$	4,817
Real estate at cost (a)	$	2,319,584		$	1,674,261		$	—		$	—		$	3,993,845
Total assets (a)	$	2,222,886		$	1,771,411		$	99,460		$	—		$	4,093,757
Cash paid for acquisition of real estate	$	—		$	—		$	—		$	—		$	-
Cash paid for development and property improvement costs	$	2,843		$	2,536		$	—		$	—		$	5,379

a)Real estate at cost and total assets for the Funds segment include $657.9 million and $643.0 million, or $191.1 million and $186.9 million net of non-controlling interests, related to Fund II’s City Point property at March 31, 2022 and 2021, respectively.