Acadia Rlty Tr Stock Price, News & Analysis

Acadia Realty Trust reported strong Q1 2025 performance with GAAP Net Earnings of $0.01 per share and FFO of $0.34 per share. The company demonstrated robust growth, particularly in its street portfolio, achieving:

• Core Same Property NOI growth of 4.1%, with street portfolio growth of 6.8%
• Impressive leasing spreads: 71% GAAP and 59% cash on new leases
• $373 million in accretive acquisitions year-to-date
• Increased SNO pipeline to $8.9 million (6% of ABR)

Notable acquisitions include strategic properties in Williamsburg, SoHo, and Georgetown. The company secured T&T Supermarket as a replacement for Whole Foods at City Center in San Francisco. Core Portfolio maintained strong occupancy at 91.7%, with 95.5% of properties leased. Based on these results, Acadia increased its Full Year 2025 guidance.

Acadia Realty Trust (NYSE: AKR) has scheduled its first quarter 2025 earnings release for Tuesday, April 29, 2025, after market close. The company will hold a conference call to discuss earnings and operating results the following day, Wednesday, April 30, 2025, at 12:00 PM ET.

Acadia Realty Trust (NYSE:AKR) has announced its participation in the upcoming Citi 2025 Global Property CEO Conference in Hollywood, FL, scheduled for March 2-5, 2025. The company's President and CEO, Kenneth F. Bernstein, will deliver a presentation on Monday, March 3, 2025, at 5:00 p.m. ET. During the conference, Acadia will engage in individual meetings with investors, and presentation materials will be made available on the company's website under the 'Investors – Presentations & Events' section.

Acadia Realty Trust (NYSE:AKR) has announced its 2025 Annual Shareholder Meeting will be held virtually on Thursday, May 8, 2025, at 1:00 PM ET. Shareholders will be able to participate in the meeting through a live webcast at www.virtualshareholdermeeting.com/AKR25, where they can attend, vote, and submit questions. Prior to the meeting, shareholders can cast their votes at www.proxyvote.com.

Acadia Realty Trust (AKR) reported strong Q4 2024 performance with GAAP net earnings of $0.07 per share and FFO Before Special Items of $0.32 per share. The company achieved 5.7% Core Same-Property NOI growth in Q4 2024, driven by over 12% growth from its street portfolio.

During Q4 2024 and early 2025, AKR completed approximately $611 million in acquisitions, including $306 million in Core acquisitions and $305 million in Investment Management acquisitions. The company raised net proceeds of $738.3 million through share issuances at an average price of $21.65 per share.

Key operational highlights include improved occupancy rates to 95.8% leased and 93.1% occupied, with strong leasing spreads of 63% GAAP and 34% cash for 2024. The company increased its quarterly dividend by 5.3% to $0.20 per share and provided 2025 guidance projecting FFO Before Special Items of $1.30-$1.39 per share and same-property NOI growth of 5-6%.

Acadia Realty Trust (NYSE: AKR) has released its tax reporting information for 2024 distributions. The company paid quarterly distributions totaling $0.730000 per share throughout 2024, with payments made in January ($0.180000), April ($0.180000), July ($0.180000), and October ($0.190000).

Of the total distribution, $0.684064 is classified as ordinary dividend, including $0.004951 as qualified dividend and $0.679113 as Section 199A dividend. The capital gain distribution amounts to $0.045936. All 2024 ordinary dividends qualify for the 20% deduction available to non-corporate shareholders under IRC Section 199A.

Acadia Realty Trust (NYSE: AKR) has scheduled its fourth quarter 2024 earnings release for Tuesday, February 11, 2025, after market close. The company will host a conference call to discuss the results on Wednesday, February 12, 2025, at 11:00 AM ET. Management will review earnings and operating results during the call, which will be accessible via both phone dial-in and webcast. A replay of the webcast will be available on the company's investor relations website under the Presentations, Events & Acquisitions section.

Acadia Realty Trust (NYSE: AKR) has declared a quarterly cash dividend of $0.19 per common share for the quarter ended December 31, 2024. The dividend will be paid on January 15, 2025, to shareholders of record as of December 31, 2024.

Cohen & Steers (NYSE: CNS) and Acadia Realty Trust have formed a joint venture to acquire The Walk at Highwoods, a 141,000 square foot open-air shopping center in Tampa, Florida. The fully occupied center features national retailers including HomeGoods, Michael's, and Dunkin'. Located in a high-growth suburban area, the property benefits from Tampa's strong economic growth, favorable tax environment, and expanding technology and financial sectors. The local market shows impressive metrics with 6.4% retail rent growth over the last 12 months and a low 2.3% vacancy rate. Open-air shopping centers nationally are at 95.7% occupancy, their highest level in 16 years.