Attached files
| file | filename |
|---|---|
| EX-99.2 - EXHIBIT 99.2 - ACADIA REALTY TRUST | exhibit9922017-03x288xk.htm |
| EX-99.1 - EXHIBIT 99.1 - ACADIA REALTY TRUST | exhibit9912017-03x288xk.htm |
| 8-K - 8-K - ACADIA REALTY TRUST | a2017-03x288xkdocument.htm |
Exhibit 99.3
ACADIA REALTY TRUST
RENT SPREADS ON CORE PORTFOLIO NEW AND RENEWAL LEASES
FORM 10-K
As Reported | As Corrected | |||||||||||||||
Year ended December 31, 2016 | Year ended December 31, 2016 | |||||||||||||||
Core Portfolio New and Renewal Leases | Cash Basis | Straight-Line Basis | Cash Basis | Straight-Line Basis | ||||||||||||
Number of new and renewal leases executed | 63 | 65 | ||||||||||||||
Gross leasable area | 390,521 | 395,447 | ||||||||||||||
New base rent | $ | 23.17 | $ | 24.54 | $ | 26.69 | $ | 29.58 | ||||||||
Previous base rent | $ | 21.36 | $ | 20.96 | $ | 23.73 | $ | 23.33 | ||||||||
Percentage growth in base rent | 8.5 | % | 17.1 | % | 12.5 | % | 26.8 | % | ||||||||
Average cost per square foot | $11.46 | $14.49 | ||||||||||||||
Weighted average lease term (years) | 5.8 | 5.9 | ||||||||||||||