Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Summary of Segment Information

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

	For the Three Months Ended June 30, 2022
	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	53,225		$	31,034		$	—	$	—		$	84,259
Depreciation and amortization		(20,061	)		(14,910	)		—		—			(34,971	)
Property operating expenses and real estate taxes		(14,932	)		(10,263	)		—		—			(25,195	)
General and administrative expenses		—			—			—		(10,661	)		(10,661	)
Gain on disposition of properties		—			12,216			—		—			12,216
Operating income		18,232			18,077			—		(10,661	)		25,648
Interest and other income		—			—			2,961		—			2,961
Realized and unrealized holding losses on investments and other		—			(26,383	)		100		—			(26,283	)
Equity in earnings of unconsolidated affiliates		788			492			—		—			1,280
Interest expense		(8,519	)		(10,703	)		—		—			(19,222	)
Income tax provision		—			—			—		(209	)		(209	)
Net income (loss)		10,501			(18,517	)		3,061		(10,870	)		(15,825	)
Net (income) loss attributable to noncontrolling interests		(366	)		15,817			—		—			15,451
Net income (loss) attributable to Acadia	$	10,135		$	(2,700	)	$	3,061	$	(10,870	)	$	(374	)

	For the Three Months Ended June 30, 2021 (As Restated)
	Core Portfolio			Funds			Structured Financing			Unallocated			Total
Revenues	$	46,000		$	27,057		$	—		$	—		$	73,057
Depreciation and amortization		(17,333	)		(13,207	)		—			—			(30,540	)
Property operating expenses and real estate taxes		(14,205	)		(10,645	)		—			—			(24,850	)
General and administrative expenses		—			—			—			(10,653	)		(10,653	)
Gain on disposition of properties		—			5,909			—			—			5,909
Operating income		14,462			9,114			—			(10,653	)		12,923
Interest and other income		—			—			2,054			—			2,054
Realized and unrealized holding gains on investments and other		—			2,841			(999	)		—			1,842
Equity in earnings of unconsolidated affiliates		669			230			—			—			899
Interest expense		(7,350	)		(9,724	)		—			—			(17,074	)
Income tax provision		—			—			—			(192	)		(192	)
Net income		7,781			2,461			1,055			(10,845	)		452
Net (income) loss attributable to noncontrolling interests		(406	)		3,665			—			—			3,259
Net income attributable to Acadia	$	7,375		$	6,126		$	1,055		$	(10,845	)	$	3,711

	As of or for the Six Months Ended June 30, 2022
	Core Portfolio			Funds			Structured Financing		Unallocated			Total
Revenues	$	101,574		$	64,192		$	—	$	—		$	165,766
Depreciation and amortization		(37,736	)		(30,948	)		—		—			(68,684	)
Property operating expenses and real estate taxes		(29,572	)		(20,253	)		—		—			(49,825	)
General and administrative expenses		—			—			—		(22,598	)		(22,598	)
Gain on disposition of properties		—			41,031			—		—			41,031
Operating income		34,266			54,022			—		(22,598	)		65,690
Interest and other income		—			—			5,896		—			5,896
Realized and unrealized holding losses on investments and other		1,163			(11,816	)		100		—			(10,553	)
Equity in earnings of unconsolidated affiliates		2,405			2,005			—		—			4,410
Interest expense		(16,115	)		(21,032	)		—		—			(37,147	)
Income tax provision		—			—			—		(24	)		(24	)
Net income		21,719			23,179			5,996		(22,622	)		28,272
Net income attributable to noncontrolling interests		(1,486	)		(10,322	)		—		—			(11,808	)
Net income attributable to Acadia	$	20,233		$	12,857		$	5,996	$	(22,622	)	$	16,464
Real estate at cost (a)	$	2,606,083		$	1,729,074		$	—	$	—		$	4,335,157
Total assets (a)	$	2,513,011		$	1,788,567		$	137,306	$	—		$	4,438,884
Cash paid for acquisition of real estate	$	242,633		$	—		$	—	$	—		$	242,633
Cash paid for development and property improvement costs	$	16,248		$	9,033		$	—	$	—		$	25,281

	As of or for the Six Months Ended June 30, 2021 As Restated
	Core Portfolio			Funds			Structured Financing			Unallocated			Total
Revenues	$	88,350		$	52,894		$	—		$	—		$	141,244
Depreciation and amortization		(34,220	)		(26,960	)		—			—			(61,180	)
Property operating expenses and real estate taxes		(27,862	)		(21,403	)		—			—			(49,265	)
General and administrative expenses		—			—			—			(19,645	)		(19,645	)
Gain on disposition of properties		4,612			5,909			—			—			10,521
Operating income		30,880			10,440			—			(19,645	)		21,675
Interest and other income		—			—			3,754			—			3,754
Realized and unrealized holding gains (losses) on investments and other		—			9,388			(2,421	)		—			6,967
Equity in (losses) earnings of unconsolidated affiliates		(459	)		3,240			—			—			2,781
Interest expense		(14,564	)		(19,124	)		—			—			(33,688	)
Income tax provision		—			—			—			(340	)		(340	)
Net income		15,857			3,944			1,333			(19,985	)		1,149
Net (income) loss attributable to noncontrolling interests		(1,013	)		8,392			—			—			7,379
Net income attributable to Acadia	$	14,844		$	12,336		$	1,333		$	(19,985	)	$	8,528
Real estate at cost (a)	$	2,323,767		$	1,649,667		$	—		$	—		$	3,973,434
Total assets (a)	$	2,209,033		$	1,705,799		$	114,461		$	—		$	4,029,293
Cash paid for acquisition of real estate	$	—		$	—		$	—		$	—		$	—
Cash paid for development and property improvement costs	$	5,465		$	10,275		$	—		$	—		$	15,740

a)Real estate at cost and total assets for the Funds segment include $660.0 million and $650.6 million, or $270.7 million and $189.0 million net of non-controlling interests, related to Fund II’s City Point property at June 30, 2022 and 2021, respectively.