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Acadia Realty Trust (NYSE:AKR) has declared a quarterly cash dividend of $0.18 per common share for the quarter ended June 30, 2024. The dividend will be paid on July 15, 2024, to shareholders of record as of June 28, 2024.
Acadia Realty Trust (NYSE: AKR) reported first-quarter operating results, including GAAP net earnings of $0.03, FFO before special items of $0.33, and same-property NOI growth of 5.7%. The company operates a high-quality core real estate portfolio and a fund business. Management reaffirmed 2024 guidance and highlighted strong financial performance across various metrics. The balance sheet remains strong, with an extension and expansion of the unsecured credit facility. Transactional activities include asset sales and purchases to drive growth. The company is well-positioned for continued success.
