Question · Q4 2025
Floris van Djikum sought more details on Acadia Realty Trust's $150 million acquisition pipeline under agreement, specifically asking for the percentage allocated to New York versus other markets. He also questioned whether Acadia is experiencing competition from retailers directly purchasing their own stores and if retailers have expressed interest in buying properties from Acadia's portfolio.
Answer
CFO John Gottfried clarified that the $150 million under agreement falls into the 'other markets' category, outside of New York. CEO Kenneth F. Bernstein stated that it's very rare for retailers to be direct competition when Acadia is working on deals, and only one or two have approached them about purchasing properties. He views retailers' willingness to buy their own stores as an encouraging sign of commitment to these corridors.
Ask follow-up questions
Fintool can predict
AKR's earnings beat/miss a week before the call