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Federal Income Taxes - Schedule of Reconciliation of Net Income to Taxable Income (Loss) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Tax Disclosure [Abstract]      
Net income (loss) attributable to Acadia $ 19,873 $ (35,445) $ 23,548
Deferred rental and other (loss) income [1] 351 (1,854) 3,209
Book/tax difference - depreciation and amortization [1] 22,353 28,337 24,756
Straight-line rent and above- and below-market rent adjustments [1] (12,484) (11,917) (8,588)
Book/tax differences - equity-based compensation 7,519 5,952 7,663
Joint venture equity in earnings, net and other investments [1] 33,522 22,493 3,962
Impairment charges and reserves 524 54,822 2,657
Acquisition costs [1] 9 2,048 22
Gain (loss) on disposition of properties and investments 1,800 (14,960) (2,170)
Book adjustment marketable securities (4,813) 0 0
Book/tax differences - miscellaneous 2,355 5,638 (1,203)
Taxable income 71,009 55,114 53,856
Dividends/Distributions declared [2] $ 68,612 $ 68,312 $ 52,872
[1] Adjustments from certain subsidiaries and affiliates, which are consolidated for financial reporting but not for tax reporting, are included in the reconciliation item “Joint venture equity in earnings, net.”
[2] The entire fourth quarter 2023 dividend of $17.2 million (paid in January 2024) was attributed to 2024. Any additional distributions required for REIT qualification may be made through October 15, 2024. The entire fourth quarter 2022 dividend of $17.1 million (paid in January 2023) was attributed to 2023. The entire fourth quarter 2021 dividend of $14.4 million (paid in January 2022) was attributed to 2021 (Note 10).