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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues $ 100,592 $ 87,254 $ 204,986 $ 178,610
Expenses        
Depreciation and amortization 39,269 34,281 78,709 69,221
General and administrative 11,532 10,179 23,129 19,947
Real estate taxes 13,317 9,981 26,620 22,327
Property operating 17,524 15,781 35,804 34,877
Impairment charges 18,190 0 24,640 0
Total expenses 99,832 70,222 188,902 146,372
Gain (loss) on disposition of properties 0 757 0 (441)
Operating income 760 17,789 16,084 31,797
Equity in (losses) earnings of unconsolidated affiliates (4,191) 4,480 (5,904) 4,168
Interest income [1] 6,358 5,413 12,454 10,651
Realized and unrealized holding (losses) gains on investments and other (54) (2,364) 1,567 (4,415)
Interest expense (23,604) (23,581) (46,851) (47,290)
Loss on change in control 0 0 (9,622) 0
(Loss) income from continuing operations before income taxes (20,731) 1,737 (32,272) (5,089)
Income tax provision (211) (155) (327) (186)
Net (loss) income (20,942) 1,582 (32,599) (5,275)
Net loss attributable to redeemable noncontrolling interests 1,724 2,292 3,393 4,846
Net loss (income) attributable to noncontrolling interests 21,181 (2,431) 32,777 5,141
Net income attributable to Acadia shareholders $ 1,963 $ 1,443 $ 3,571 $ 4,712
Basic income per share $ 0.01 $ 0.01 $ 0.02 $ 0.04
Diluted income per share $ 0.01 $ 0.01 $ 0.02 $ 0.04
Weighted average shares for basic earnings per share 130,981,401 103,592,238 126,181,730 102,859,977
Weighted average shares for diluted income per share 130,981,401 103,592,238 126,181,730 102,859,977
Rental Income        
Revenues $ 98,297 $ 85,626 $ 200,937 $ 171,663
Other        
Revenues $ 2,295 $ 1,628 $ 4,049 $ 6,947
[1] Includes interest income on Notes receivable, net from related parties, advances to unconsolidated affiliates, and loans to redeemable noncontrolling interest holders of $3.4 million and $2.8 million for the three months ended June 30, 2025 and 2024, respectively, and $6.9 million and $5.5 million for the six months ended June 30, 2025 and 2024, respectively (Note 3, Note 10)