Earnings summaries and quarterly performance for ACADIA REALTY TRUST.
Executive leadership at ACADIA REALTY TRUST.
Kenneth F. Bernstein
Detailed
Chief Executive Officer and President
CEO
JB
Jason Blacksberg
Detailed
Executive Vice President, Chief Legal Officer and Corporate Secretary
JG
John Gottfried
Detailed
Executive Vice President and Chief Financial Officer
JN
Joseph Napolitano
Detailed
Senior Vice President and Chief Administrative Officer
RL
Reginald Livingston
Detailed
Executive Vice President and Chief Investment Officer
Board of directors at ACADIA REALTY TRUST.
Research analysts who have asked questions during ACADIA REALTY TRUST earnings calls.
MM
Michael Mueller
JPMorgan Chase & Co.
6 questions for AKR
Also covers: BRX, CBL, COLD +27 more
Todd Thomas
KeyBanc Capital Markets
6 questions for AKR
Also covers: AAT, BRX, CBL +21 more
Craig Mailman
Citigroup
5 questions for AKR
Also covers: BRX, COLD, CURB +15 more
LY
Linda Yu Tsai
Jefferies Financial Group Inc.
5 questions for AKR
Also covers: ADC, BRX, EQR +11 more
KB
Ki Bin Kim
Truist Securities
4 questions for AKR
Also covers: ADC, BNL, BRX +20 more
Andrew Reale
Bank of America
3 questions for AKR
Also covers: BRX, IVT, KIM +5 more
Floris Gerbrand van Dijkum
Compass Point Research & Trading, LLC
3 questions for AKR
Also covers: ALX, APLE, BRX +14 more
Paulina Rojas Schmidt
Green Street Advisors
2 questions for AKR
Also covers: BRX, CURB, FRT +8 more
Samir Khanal
Bank of America
2 questions for AKR
Also covers: BRX, COLD, CUBE +18 more
FV
Floris Van Dijken
Leuthold Thalmann
1 question for AKR
Floris van Dijkum
Compass Point Research & Trading
1 question for AKR
Also covers: ALX, APLE, BRX +21 more
Fv
Floris van Djikum
Leuthold Thalmann
1 question for AKR
Jeffrey Spector
BofA Securities
1 question for AKR
Also covers: AMH, AVB, BRX +25 more
Linda Tsai
Jefferies
1 question for AKR
Also covers: ADC, AMH, AVB +32 more
Sydney McEntee
Citigroup Inc.
1 question for AKR
Also covers: KIM, KRC
Recent press releases and 8-K filings for AKR.
Acadia Realty Trust completes $440 million Investment Management portfolio transaction
AKR
New Projects/Investments
M&A
Guidance Update
- Acadia Realty Trust completed a $440 million Investment Management portfolio transaction with TPG Real Estate on February 25, 2026.
- The transaction involved six Fund V assets (Hickory Ridge, Palm Coast Landing, Hiram Pavilion, Canton Marketplace, Elk Grove Commons, and Midstate Mall) and The Avenue West Cobb.
- TPG acquired an 80% interest across the portfolio, with Acadia retaining its 20% ownership in the Fund V assets and a 20% interest in West Cobb.
- Acadia will continue to manage the properties, earning various fees, and provided approximately $27 million of financing within the capital stack of the newly formed joint ventures.
- This transaction does not change the Company’s previously provided 2026 FFO As Adjusted earnings guidance.
4 days ago
Acadia Realty Trust Reports Q4 2025 Results and Provides 2026 Outlook
AKR
Earnings
Guidance Update
New Projects/Investments
- Acadia Realty Trust reported Q4 2025 same-property NOI growth of 6.3% and FFO of $0.34 per share, or $0.30 per share on a clean run rate basis.
- The company provided 2026 FFO as adjusted guidance of $1.21-$1.25 and anticipates same-property NOI growth of 5%-9%, expecting total pro-rata NOI to increase approximately 15% to roughly $230 million at the midpoint compared to 2025.
- Over the past 24 months, AKR executed $1.3 billion in acquisitions, including $500 million in street retail for its REIT portfolio and $800 million for its investment management platform.
- Leasing activity in 2025 saw spreads in excess of 50% on street leases, and the current pipeline of leases in advanced negotiation exceeds $9 million.
- The company maintains a strong balance sheet with pro-rata debt to EBITDA at approximately 5x and several hundred million dollars of dry powder for future investments, with no material debt maturities in 2026.
Feb 11, 2026, 4:00 PM
Acadia Realty Trust Reports Strong Q4 2025 Results and Provides Positive 2026 Guidance
AKR
Earnings
Guidance Update
New Projects/Investments
- Acadia Realty Trust (AKR) reported strong Q4 2025 same-property NOI growth of 6.3% and 5.7% for the full year, with adjusted FFO of $0.30 per share for the quarter.
- For 2026, AKR anticipates adjusted FFO between $1.21-$1.25 and projects same-property NOI growth of 5%-9%, with total pro-rata NOI expected to increase approximately 15% to $230 million at the midpoint.
- The company demonstrated significant growth through acquisitions, with nearly $500 million in Q4 2025 and to-date, and has over $150 million of street retail deals under agreement for Q1 2026.
- AKR's REIT economic occupancy increased 30 basis points to 93.9% in Q4 2025, reflecting a 370 basis point increase in street and urban economic occupancy over 2025.
Feb 11, 2026, 4:00 PM
Acadia Realty Trust Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance
AKR
Earnings
Guidance Update
New Projects/Investments
- Acadia Realty Trust (AKR) reported strong Q4 and full-year 2025 results, with same-property NOI growth of 6.3% for Q4 and 5.7% for the year, reaching the upper end of their guidance. The company achieved $0.34 per share in FFO for Q4 2025, which included $0.03 of gains from Albertsons shares. AKR has delivered four consecutive years of same-property NOI growth exceeding 5%.
- The company's strategy focuses on street retail, increasing economic shop occupancy from approximately 81% at the end of 2021 to over 90% by Q4 2025. AKR is leveraging redevelopment projects and external growth, having invested approximately $700 million in street acquisitions and planned investments and executed over $800 million in JV acquisitions over the past 24 months.
- For 2026, AKR anticipates FFO adjusted between $1.21 and $1.25 and projects same-property NOI growth of 5%-9%, excluding redevelopments. Total pro-rata NOI, including redevelopments and investment management, is expected to increase approximately 15% to roughly $230 million at the midpoint, compared to $200 million in 2025.
- The company's balance sheet is strong, with pro-rata debt to EBITDA at about 5x and several hundred million dollars of available capital for investments, with no material debt maturities in 2026. AKR has north of $150 million of acquisition deals under agreement that could close in Q1 2026, primarily outside of New York.
Feb 11, 2026, 4:00 PM
Acadia Realty Trust Reports Fourth Quarter and Full Year 2025 Operating Results
AKR
Earnings
Guidance Update
New Projects/Investments
- Acadia Realty Trust reported Q4 2025 GAAP net earnings of $0.04 per share and FFO Before Special Items of $0.34 per share, with full-year 2025 GAAP net earnings of $0.10 per share and FFO Before Special Items of $1.32 per share.
- The company's REIT Portfolio same-property NOI increased 6.3% for Q4 2025 and 5.7% for the full year 2025, primarily driven by the street and urban portfolio.
- REIT Portfolio occupancy improved by 30 basis points to 93.9% during the fourth quarter of 2025.
- Acadia completed approximately $487 million of acquisitions in 2025 and an additional $445 million year-to-date in 2026.
- For 2026, the company provided FFO As Adjusted expectations of $1.21 - $1.25 per share and REIT Portfolio same-property NOI growth of 5-9%.
Feb 10, 2026, 9:15 PM
Acadia Realty Trust Reports Q4 and Full Year 2025 Operating Results and Provides 2026 Guidance
AKR
Earnings
Guidance Update
New Projects/Investments
- Acadia Realty Trust reported Q4 2025 GAAP net earnings of $0.04 per share and FFO Before Special Items of $0.34 per share, with full-year 2025 GAAP net earnings of $0.10 per share and FFO Before Special Items of $1.32 per share.
- The REIT Portfolio demonstrated strong performance in 2025, with same-property NOI increasing 6.3% in Q4 and 5.7% for the full year, and occupancy rising to 93.9% by December 31, 2025.
- The company completed approximately $487 million in accretive acquisitions during 2025 and an additional $445 million year-to-date in 2026.
- For 2026, Acadia provided guidance for FFO As Adjusted of $1.21 - $1.25 per share and REIT Portfolio same-property NOI growth of 5-9%.
- As of December 31, 2025, the company's Net Debt-to-EBITDA (as adjusted) was 4.9x, and it has no significant REIT Portfolio debt maturities until 2029.
Feb 10, 2026, 9:15 PM
Acadia Realty Trust Reports Strong Q3 2025 Results and Positive 2026 Outlook
AKR
Earnings
Guidance Update
New Projects/Investments
- Acadia Realty Trust reported strong Q3 2025 performance with 8.2% same-store NOI growth, driven by 13% growth in its street retail portfolio, and is on track to achieve the upper end of its 5%-6% full-year projection.
- The company projects accelerating total NOI and same-store growth for 2026, targeting 8%-12% total same-store growth (inclusive of redevelopments) and 5%-9% excluding redevelopments, with the street and urban portfolio expected to exceed 10% growth. This is estimated to add $12 million-$14 million in incremental NOI, or approximately $0.09 per share of FFO.
- Year-to-date acquisition volumes exceeded $480 million by Q3 2025, with plans to double this to nearly $1 billion by year-end, expecting attractive yields and a five-year CAGR over 5%.
- Acadia Realty Trust maintains a strong balance sheet with debt to EBITDA at five times and over $800 million in available liquidity, having raised approximately $212 million of equity in Q3 2025. For 2026, the company will introduce "FFO as adjusted" to exclude investment management gains and other non-comparable items, aiming for greater clarity in reporting core operating results.
Oct 29, 2025, 4:00 PM
Acadia Realty Trust Reports Strong Q3 2025 Performance and Robust Acquisition Pipeline
AKR
Earnings
Guidance Update
New Projects/Investments
- Acadia Realty Trust reported strong Q3 2025 results, with street retail same-store NOI growth of 13% and overall same-store NOI growth of 8.2%. Quarterly FFO sequentially increased by $0.01 to $0.29 (after adjusting for investment management gains).
- The company has a robust acquisition pipeline, with year-to-date volumes over $480 million expected to double to nearly $1 billion by year-end. These acquisitions are projected to yield a GAAP yield in the mid-sixes and a five-year CAGR over 5%.
- For 2026, AKR projects total same-store NOI growth between 8% and 12%, aiming for a 10% REIT portfolio NOI growth target. The balance sheet remains strong with debt to EBITDA at five times and over $800 million in available liquidity.
- Starting in 2026, AKR will refine its FFO reporting to "FFO as adjusted," which will exclude investment management gains and other non-comparable items to provide clearer visibility into core operating results.
Oct 29, 2025, 4:00 PM
Acadia Realty Trust Reports Third Quarter 2025 Operating Results
AKR
Earnings
Guidance Update
New Projects/Investments
- Acadia Realty Trust reported Q3 2025 GAAP net earnings of $0.03 per share and FFO Before Special Items of $0.33 per share.
- The REIT Portfolio's same-property Net Operating Income (NOI) increased by 8.2%, driven by 13% growth in its street retail portfolio, and occupancy rose by 140 basis points to 93.6% as of September 30, 2025.
- The company reduced its pro-rata Net Debt-to-EBITDA ratio to 5.0x and raised approximately $212 million of equity during the third quarter and fourth quarter-to-date.
- Acadia completed a $63 million Investment Management Platform acquisition in Q3 2025, bringing the year-to-date acquisition volume to $487 million.
- The 2025 annual guidance was updated, with revised Net earnings per share of $0.12-$0.14 and NAREIT FFO per share of $1.20-$1.22, while FFO Before Special Items and Realized Gains guidance was maintained.
Oct 28, 2025, 8:30 PM
Acadia Realty Trust Reports Third Quarter 2025 Operating Results
AKR
Earnings
Guidance Update
New Projects/Investments
- Acadia Realty Trust reported GAAP net earnings of $0.03 per share and FFO Before Special Items of $0.33 per share for the third quarter ended September 30, 2025.
- The REIT Portfolio's same-property Net Operating Income (NOI) increased 8.2%, primarily driven by 13% growth from the street retail portfolio.
- REIT Portfolio occupancy improved by 140 basis points to 93.6% as of September 30, 2025.
- The company completed a $63 million acquisition during the third quarter, bringing the total acquisition volume year-to-date to $487 million, and expects 2025 acquisition volume to equal or exceed 2024 levels.
- Acadia reduced its pro-rata Net Debt-to-EBITDA ratio to 5.0x as of September 30, 2025, and raised approximately $212 million of equity during the third quarter and fourth quarter-to-date.
Oct 28, 2025, 8:15 PM
Quarterly earnings call transcripts for ACADIA REALTY TRUST.
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