Welcome to our dedicated page for Acadia Rlty Tr news (Ticker: AKR), a resource for investors and traders seeking the latest updates and insights on Acadia Rlty Tr stock.
Acadia Realty Trust reports news on its equity REIT business owning and operating street and open-air retail properties in high-demand retail corridors. Company updates commonly cover REIT Portfolio operating results, same-property NOI, leasing spreads, occupancy, funds from operations, quarterly dividends, and acquisitions of retail real estate assets.
Acadia also reports developments from its Investment Management platform, which targets opportunistic and value-add retail investments through institutional co-investment vehicles. Recurring announcements include portfolio transactions, joint venture activity, capital deployment, annual meeting notices, management changes, and investor conference participation.
Acadia Realty Trust (NYSE: AKR) reported its fourth quarter and full year 2020 results, showing resilience amid the COVID-19 pandemic. The company collected 91% of billed rents in Q4 2020 and maintained a stable operational status with approximately 88% of its tenants open for business. Despite a GAAP loss per share of $0.12, FFO before Special Items was $0.24. Key highlights include a $16.4 million property sale, a $0.15 dividend reinstatement, and initial 2021 guidance for FFO between $0.98 and $1.14. The pandemic's impact led to significant credit losses totaling $32.5 million for 2020.
Acadia Realty Trust (NYSE: AKR) announced the promotion of two senior professionals, A.J. Levine and Tulani Thaw, to bolster long-term growth. Levine becomes Senior Vice President, Leasing, overseeing leasing strategies and tenant negotiations, crucial during the COVID-19 pandemic. Thaw is promoted to Vice President and Assistant General Counsel, focusing on legal matters related to core and fund transactional activity since joining in 2015. CEO Kenneth F. Bernstein highlighted their significant contributions to the company's success and future growth.
Acadia Realty Trust (NYSE: AKR) will announce its Q4 2020 earnings on February 10, 2021, post-market. Management will hold a conference call on February 11, 2021, at 1:00 PM ET to discuss the results. Dial-in information includes 844-309-6711 with the passcode “Acadia Realty” or “3676875”. A webcast will be available on the company's website. A replay of the conference call can be accessed via phone through February 18, 2021 using 855-859-2056.
Acadia Realty Trust (NYSE: AKR) has announced the tax treatment for 2020 distributions to common shareholders. The fourth quarter 2019 distribution, paid on January 15, 2020, is classified as paid in 2020 for tax purposes. All ordinary dividends for 2020 are eligible for a 20% deduction under Internal Revenue Code Section 199A. The company suspended common share distributions starting Q2 2020 through Q4 2020. Shareholders are advised to consult their tax advisors regarding their specific tax situations.
Acadia Realty Trust (NYSE: AKR) will participate in NAREIT’s REITworld®: 2020 Annual Conference from November 17-19, 2020. Kenneth F. Bernstein, President and CEO, is scheduled to present on November 18 at 4:30 p.m. ET. Attendees can register for the conference and access the live presentation through a provided link. Additionally, Acadia will host virtual investor meetings during the event. The presentation materials will be available on its investor website for 90 days following the event.
Acadia Realty Trust (NYSE: AKR) reported its Q3 2020 results, highlighting a GAAP loss per share of $0.10 and NAREIT FFO per share of $0.17. Despite the challenges posed by the COVID-19 Pandemic, cash collections improved, with 90% collected in September and 87% for the quarter. Approximately 86% of the Core Portfolio was operational by the end of Q3, and the company executed 11 new leases, showing a solid leasing demand. However, a 21.4% decrease in same-property NOI was reported compared to Q3 2019, primarily due to credit reserves. The Board continues to suspend common share distributions.