Acadia Rlty Tr Stock Price, News & Analysis

Acadia Realty Trust (NYSE: AKR) reported strong first-quarter results for 2022, surpassing expectations with GAAP earnings per share of $0.18 and funds from operations (FFO) per share at $0.36. Their same-property net operating income (NOI) rose by 9.7%. The company raised its FFO Before Special Items guidance for 2022 to a range of $1.17 to $1.32, up from $1.15 to $1.31. They completed approximately $380 million in investments and improved their leased rate to 94.1%. A $175 million term loan was secured, enhancing their balance sheet stability amidst market volatility.

Acadia Realty Trust (NYSE: AKR) will announce its first quarter 2022 earnings on May 2, 2022, after market close. A conference call to discuss the results is scheduled for May 3, 2022, at 11:00 AM ET. Investors can access the call via phone or webcast, with details provided in the release. Acadia focuses on long-term growth through a core portfolio and fund platforms, aiming for profitable investments in prime locations. For further updates, investors are encouraged to visit their website.

Acadia Realty Trust (NYSE: AKR) has announced the completion of approximately $124 million in Core acquisitions. Notably, it invested around $100 million in Brooklyn's Williamsburg Collection, involving 11 retail storefronts and 23 residential units. Additionally, it acquired 8833 Beverly Boulevard in West Hollywood for about $24 million, furthering its presence in Los Angeles. The company also plans to present at the Citi 2022 Global Property CEO Conference from March 6-9, 2022.

Acadia Realty Trust (NYSE: AKR) has announced its 2022 Annual Shareholder Meeting scheduled for May 5, 2022, at 1:00 p.m. EST. This will be a virtual meeting, allowing shareholders to attend and vote via live webcast. Shareholders can also vote prior to the meeting through designated online platforms. Acadia Realty Trust focuses on long-term profitable growth through its strategic investment platforms and maintaining a strong balance sheet. Further details regarding the meeting can be found on their official website.

Acadia Realty Trust (NYSE:AKR) has declared a first quarter cash dividend of $0.18 per common share, marking a 20% increase over the previous quarter's dividend. This dividend is set to be paid on April 14, 2022, to shareholders on record as of March 31, 2022. Acadia Realty focuses on long-term growth through its Core Portfolio and Fund platforms, aiming to strengthen its position in dynamic markets while maintaining a robust balance sheet.

Acadia Realty Trust (NYSE: AKR) reported strong Q4 results with GAAP earnings per share at $0.03 and FFO per share at $0.28. Same-property NOI rose by 3.2%, driven by the Street/Urban portfolio. The company made substantial investments, totaling approximately $138 million, and boasts a leased rate of 93.2%. A dividend increase of 20% to $0.18 was announced. Acadia expects 2022 earnings per share guidance of $0.19 to $0.32 and FFO before special items of $1.15 to $1.31. The company plans to restate prior financial statements due to accounting errors, impacting classifications but not significantly affecting reported income.

Acadia Realty Trust (NYSE: AKR) will announce its fourth quarter 2021 earnings on February 15, 2022, after market close. A conference call is scheduled for February 16, 2022, at 12:00 PM ET, where management will discuss earnings and operational results. Investors can join via phone or webcast, with details provided in the press release. Acadia Realty aims for long-term growth through a disciplined investment strategy focused on urban retail assets and has a strong balance sheet to support its operations. For more details, visit their website.

Acadia Realty Trust (NYSE: AKR) announces key year-end promotions to strengthen its leadership team. John Gottfried is promoted to Executive Vice President and Chief Financial Officer, enhancing financial strategy. Jason Blacksberg advances to Senior Vice President and Chief Legal Officer, overseeing legal and governance matters. A.J. Levine is appointed Senior Vice President of Leasing and Development. Other promotions include Amy Racanello and Tracey Mitnick. The company bids farewell to Christopher Conlon, COO, who will transition to a CEO role elsewhere.

Acadia Realty Trust (NYSE: AKR) announced the federal tax treatment for its 2021 distributions to common shareholders. The total distribution per share is reported at $0.150000 for each of the four quarters, with corresponding payment dates following each record date. Ordinary dividends are eligible for a 20% deduction for non-corporate shareholders under Internal Revenue Code Section 199A. Shareholders are advised to consult tax advisors regarding their specific tax implications. Acadia focuses on profitable growth through its core real estate portfolio and strategic investments.