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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, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Tax Disclosure [Abstract]      
Net income (loss) attributable to Acadia shareholders $ 21,650 $ 19,873 $ (35,445)
Deferred rental and other income loss [1] 2,810 351 (1,854)
Book/tax difference - depreciation and amortization [1] 43,081 22,353 28,337
Straight-line rent and above- and below-market rent adjustments [1] (9,381) (12,484) (11,917)
Book/tax differences - equity-based compensation 9,079 7,519 5,952
Joint venture equity in earnings, net and other investments [1] 12,369 33,522 22,493
Impairment charges and reserves 1,700 524 54,822
Acquisition costs [1] 10,220 9 2,048
Gain (loss) on disposition of properties and investments 3,925 1,800 (14,960)
Book adjustment marketable securities (18,512) (4,813) 0
Book/tax differences - miscellaneous (208) 2,355 5,638
Taxable income 76,733 71,009 55,114
Dividends/Distributions declared [2] $ 81,892 $ 68,612 $ 68,312
[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 2024 dividend of $22.7 million (paid in January 2025) was attributed to 2025. Any additional distributions required for REIT qualification may be made through October 15, 2025. The entire fourth quarter 2023 dividend of $17.2 million (paid in January 2024) was attributed to 2024. The entire fourth quarter 2022 dividend of $17.1 million (paid in January 2023) was attributed to 2023 (Note 10).