v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Total revenues $ 95,423 $ 100,592 $ 198,415 $ 204,986
Expenses        
Depreciation and amortization 35,162 39,269 75,317 78,709
General and administrative 11,782 11,532 27,085 23,129
Real estate taxes 12,735 13,317 25,657 26,620
Property operating 17,039 17,524 35,288 35,804
Impairment charges 0 18,190 0 24,640
Total expenses 76,718 99,832 163,347 188,902
Gain on disposition of properties 3,969 0 146,117 0
Operating income 22,674 760 181,185 16,084
Equity in earnings (losses) of unconsolidated affiliates 13,929 (4,191) 12,421 (5,904)
Interest income [1] 6,557 6,358 11,345 12,454
Realized and unrealized holding losses on investments and other (33) (54) (649) 1,567
Interest expense (20,143) (23,604) (42,195) (46,851)
Loss on change in control 0 0 0 (9,622)
Income (loss) from continuing operations before income taxes 22,984 (20,731) 162,107 (32,272)
Income tax provision (154) (211) (166) (327)
Net income (loss) 22,830 (20,942) 161,941 (32,599)
Net loss attributable to redeemable noncontrolling interests 981 1,724 1,679 3,393
Net (income) loss attributable to noncontrolling interests (12,773) 21,181 (122,105) 32,777
Net income attributable to Acadia shareholders $ 11,038 $ 1,963 $ 41,515 $ 3,571
Basic income per share $ 0.05 $ 0.01 $ 0.27 $ 0.02
Diluted income per share $ 0.05 $ 0.01 $ 0.27 $ 0.02
Weighted average shares for basic earnings per share 133,626,890 130,981,401 132,443,666 126,181,730
Weighted average shares for diluted income per share 133,824,937 130,981,401 132,641,713 126,181,730
Rental Income        
Revenues $ 91,188 $ 98,297 $ 189,756 $ 200,937
Other        
Revenues $ 4,235 $ 2,295 $ 8,659 4,049
New corporate office lease        
Revenues       $ 2,100
[1] Includes interest income on Notes receivable, net from related parties, advances to unconsolidated affiliates, and loans to redeemable noncontrolling interest holders of $3.2 million and $3.4 million for the three months ended June 30, 2026 and 2025, respectively, and $6.0 million and $6.9 million for the six months ended June 30, 2026 and 2025, respectively (Note 3, Note 10)