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) 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.