SUMMARY OF QUARTERLY FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly Financial Information

Summary of Quarterly Financial Information (unaudited)

The quarterly results of operations of the Company for the years ended December 31, 2012 and 2011 are as follows:

(dollars in thousands, except per share amounts)	March 31, 2012		June 30, 2012		September 30, 2012		December 31, 2012
Revenue	$	29,913	$	32,723	$	34,648	$	37,141
Income from continuing operations attributable to Common Shareholders	$	3,437	$	5,677	$	6,238	$	8,682
Income from discontinued operations attributable to Common Shareholders	573		1,162		1,343		12,594
Net income attributable to Common Shareholders	$	4,010	$	6,839	$	7,581	$	21,276
Net income attributable to Common Shareholders per Common Share - basic:
Income from continuing operations	$	0.08	$	0.13	$	0.13	$	0.17
Income from discontinued operations	0.01		0.02		0.03		0.25
Net income per share	$	0.09	$	0.15	$	0.16	$	0.42
Net income attributable to Common Shareholders per Common Share - diluted:
Income from continuing operations	$	0.08	$	0.13	$	0.13	$	0.17
Income from discontinued operations	0.01		0.02		0.03		0.25
Net income per share	$	0.09	$	0.15	$	0.16	$	0.42
Cash dividends declared per Common Share	$	0.18	$	0.18	$	0.18	$	0.18
Weighted average Common Shares outstanding:
Basic	42,735,731		44,245,401		46,338,218		50,046,774
Diluted	43,146,093		44,673,565		46,812,349		50,582,584

ACADIA REALTY TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

21. Summary of Quarterly Financial Information (unaudited) (continued)

(dollars in thousands, except per share amounts)	March 31, 2011		June 30, 2011		September 30, 2011		December 31, 2011
Revenue	$	29,733	$	29,206	$	27,356	$	28,783
Income from continuing operations attributable to Common Shareholders	$	7,897	$	3,841	$	3,514	$	3,462
Income from discontinued operations attributable to Common Shareholders	1,526		26,393		497		4,425
Net income attributable to Common Shareholders	$	9,423	$	30,234	$	4,011	$	7,887
Net income attributable to Common Shareholders per Common Share - basic:
Income from continuing operations	$	0.19	$	0.09	$	0.09	$	0.08
Income from discontinued operations	0.04		0.64		0.01		0.10
Net income per share	$	0.23	$	0.73	$	0.10	$	0.18
Net income attributable to Common Shareholders per Common Share - diluted:
Income from continuing operations	$	0.19	$	0.09	$	0.09	$	0.08
Income from discontinued operations	0.04		0.64		0.01		0.11
Net income per share	$	0.23	$	0.73	$	0.10	$	0.19
Cash dividends declared per Common Share	$	0.18	$	0.18	$	0.18	$	0.18
Weighted average Common Shares outstanding:
Basic	40,317,603		40,333,575		40,339,958		41,785,261
Diluted	40,580,173		40,633,317		40,628,781		42,066,390