Acadia Rlty Tr Stock Price, News & Analysis

Acadia Realty Trust (NYSE: AKR) is set to announce its first quarter 2023 earnings on May 2, 2023, after market close. A conference call to discuss these results will occur on May 3, 2023, at 10:00 AM ET. The company focuses on long-term growth through its Core Portfolio and Fund operating strategies, concentrating assets in dynamic markets while maintaining a robust balance sheet. Acadia Realty Trust aims to provide transparency via its Investor Relations page and will utilize this for disclosing material information. Investors should be aware of potential risks affecting the company, including economic uncertainties related to the COVID-19 pandemic, inflationary pressures, and the ability to refinance debt.

Acadia Realty Trust (NYSE: AKR) announced its participation in the Citi 2023 Global Property CEO Conference from March 5-8, 2023, in Hollywood, FL. CEO Kenneth F. Bernstein will present on March 7 at 10:35 a.m. ET. Acadia will also host individual investor meetings, with presentation materials available on its website. The live audio webcast will be accessible through a provided link, and a replay will be available until March 7, 2024. Acadia aims for long-term, profitable growth through its Core Portfolio and Fund strategies, focusing on dynamic locations and maintaining a strong balance sheet.

Acadia Realty Trust (NYSE: AKR) has scheduled its 2023 Annual Shareholder Meeting for Thursday, May 4, 2023, at 1:00 p.m. EDT. The meeting will be conducted virtually, allowing shareholders to attend, vote, and submit questions via live webcast. Shareholders can vote prior to the meeting through www.proxyvote.com. Acadia Realty Trust focuses on long-term profitable growth through its Core Portfolio and Fund operating platforms, emphasizing a disciplined investment strategy in key locations across the U.S.

Acadia Realty Trust (NYSE: AKR) reported mixed financial results for 2022, showing a net loss per share of $0.40, primarily due to non-cash impairment charges and unrealized losses on investments. For Q4 2022, the company posted a net earnings per share of $0.04. NAREIT FFO for the quarter was $0.21 per share. The Core Portfolio NOI saw a 5.7% increase in Q4 and a 6.3% increase for the year. Acadia's share of a special dividend from Albertsons amounted to approximately $11.3 million, expected to be recognized in Q1 2023. The company provided promising guidance for 2023, estimating earnings per diluted share of $0.14 to $0.23.

Acadia Realty Trust (NYSE: AKR) has announced several year-end promotions to bolster its growth strategy. Jason Blacksberg is now Executive Vice President, Chief Legal Officer, overseeing legal and governance matters. Reggie Livingston is promoted to Senior Vice President, Chief Investment Officer, leading the acquisitions team. Heather Moore becomes Senior Vice President, Leasing Operations and Chief Compliance Officer, while Kevin Fitzgerald is now Vice President, Controller. Also, Stuart Seeley joins as Senior Managing Director of Strategy and Public Markets to enhance investor relations. Amy Racanello resigned as Senior Vice President, Capital Markets, effective February 3, 2023.

Acadia Realty Trust (NYSE: AKR) will report its fourth quarter 2022 earnings on February 14, 2023, after market close. A conference call is scheduled for February 15, 2023, at 11:00 AM ET to discuss the earnings and operational results. Investors can register for the call and access the webcast on the company’s website. Acadia focuses on long-term growth through its core real estate portfolio and opportunistic investments. With a disciplined, location-driven strategy, the company aims to maintain a strong balance sheet while navigating potential risks, including impacts from the COVID-19 pandemic and economic fluctuations.

Acadia Realty Trust (NYSE: AKR) announced the federal tax treatment for 2022 distributions to common shareholders. The fourth-quarter 2022 distribution of $0.180 per share, paid on January 13, 2023, is classified as a 2023 payment for tax purposes. All ordinary dividends are eligible for a 20% deduction as per Internal Revenue Code Section 199A for non-corporate shareholders. Acadia Realty Trust continues to focus on long-term profitable growth through its Core Portfolio and Fund operating platforms, while encouraging shareholders to consult tax advisors regarding their distributions.

Acadia Realty Trust (NYSE:AKR) announced a cash dividend of $0.18 per common share for Q1 2023, payable on April 14, 2023, to shareholders of record by March 31, 2023. This dividend reflects Acadia's commitment to providing returns to its shareholders, indicating stable cash flows and financial health. The company focuses on long-term growth through its Core Portfolio and Fund platforms, investing in high-demand locations and maintaining a strong balance sheet. Investors are encouraged to monitor the company’s investor page for further updates and disclosures.