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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Rental income $ 51,707 $ 35,710 $ 148,760 $ 109,486
Expense reimbursements 9,957 7,192 32,347 22,920
Other 1,014 953 3,074 3,412
Total revenues 62,678 43,855 184,181 135,818
Operating expenses        
Depreciation and amortization 26,652 15,217 77,245 46,744
General and administrative 7,953 12,869 25,286 30,742
Real estate taxes 8,822 6,195 27,462 18,000
Property operating 9,417 5,055 26,978 15,697
Other operating 250 3,265 987 4,094
Impairment of an asset 3,840 0 3,840 0
Total operating expenses 56,934 42,601 161,798 115,277
Operating income 5,744 1,254 22,383 20,541
Equity in earnings (losses) and gains (losses) of unconsolidated affiliates inclusive of gains (losses) on disposition of properties of $0, ($726), $14,771 and ($726), respectively 4,001 (102) 21,044 3,592
Interest income 6,461 7,245 23,648 19,298
Interest expense (15,428) (7,982) (39,666) (24,917)
Income from continuing operations before income taxes 778 415 27,409 18,514
Income tax provision (465) (89) (1,017) (123)
Income from continuing operations before gain on disposition of properties 313 326 26,392 18,391
Gain on disposition of properties, net of tax 12,972 0 12,972 81,965
Net income 13,285 326 39,364 100,356
Net loss (income) attributable to noncontrolling interests (418) 5,786 1,194 (47,401)
Net income attributable to Acadia $ 12,867 $ 6,112 $ 40,558 $ 52,955
Earnings Per Share, Basic and Diluted [Abstract]        
Basic and diluted earnings per share (in dollars per share) $ 0.15 $ 0.08 $ 0.48 $ 0.71