Acadia Rlty Tr Stock Price, News & Analysis

Acadia Realty Trust (NYSE: AKR) will participate virtually in the Bank of America Securities Global Real Estate 2021 Conference on September 21-22, 2021. President and CEO Kenneth F. Bernstein will present on September 21 at 9:45 a.m. ET. The Company will also have individual virtual meetings with investors. Presentation materials will be available on their website at the time of the presentation. A live audio webcast can be accessed at this link, with a replay available until December 22, 2021.

Acadia Realty Trust (NYSE:AKR) announced a cash dividend of $0.15 per common share for Q3 2021, payable on October 15, 2021 to shareholders of record as of September 30, 2021. The company focuses on profitable growth through its dual operating platforms: Core Portfolio and Fund. It aims to build a top-tier real estate portfolio within prime locations while pursuing value-add investments. Investors are encouraged to monitor the company’s website for material updates and disclosures related to its business performance.

Acadia Realty Trust (NYSE: AKR) reported strong second-quarter results for 2021, surpassing expectations with GAAP earnings per share of $0.04 and funds from operations (FFO) of $0.31 per share. The company increased its annual FFO guidance to between $1.05 and $1.14, up from $0.98 to $1.14, driven by a 13.9% increase in same-property net operating income (NOI). Collections reached 96% of pre-COVID billings, and the Core Portfolio is now 89.8% occupied. Acadia's financial stability was bolstered by a $700 million credit facility and $46 million raised through its ATM program.

Acadia Realty Trust (NYSE: AKR) will announce its second quarter 2021 earnings on July 28, 2021, post-market. A conference call is scheduled for July 29, 2021, at 11:00 AM ET, where management will discuss earnings and operations. Investors can access the conference call via a dial-in number or webcast. Acadia Realty Trust focuses on long-term growth through its real estate investment strategy, concentrating on dynamic locations and maintaining a strong balance sheet. For further updates, please visit their investor relations page.

Acadia Realty Trust (NYSE: AKR) has secured a $700 million amended and restated credit facility, superseding its prior $600 million facility. This new arrangement increases its revolving credit from $250 million to $300 million and term loan from $350 million to $400 million. The facility is also oversubscribed and features an accordion option expandable to $900 million, maturing on June 29, 2026. CFO John Gottfried highlighted the added financial flexibility and capital access for investment opportunities, reflecting strong support from capital providers.

Acadia Realty Trust (NYSE: AKR) announced an update on leasing and operations, revealing a leasing pipeline exceeding $12 million, with 50% of leases already signed, including key locations in New York and Chicago. The company has collected approximately 94% of its core billings for April and May 2021. Additionally, Acadia will participate in the NAREIT REITweek 2021 Investor Conference from June 8-10, where CEO Kenneth F. Bernstein will present. The conference will include opportunities for virtual investor meetings.

Acadia Realty Trust (NYSE:AKR) announced a quarterly cash dividend of $0.15 per common share for the period ending June 30, 2021, payable on July 15, 2021. This dividend will be distributed to shareholders on record as of June 30, 2021. Acadia focuses on enhancing long-term growth through its Core Portfolio and Fund platforms, strategically investing in prime real estate locations across the nation. The company's disciplined approach aims to achieve profitable investments while maintaining a robust balance sheet.

Acadia Realty Trust (NYSE: AKR) reported Q1 2021 results, showcasing a net income of $5.2 million, or $0.06 per share, with FFO at $24.3 million, or $0.26 per share. The Core Portfolio showed a decrease in same-property NOI by 14.5% due to elevated credit reserves. However, the company reinstated its quarterly dividend at $0.15 per share and raised its 2021 FFO guidance to $1.00 to $1.14 per share. Acadia also reported a 92% collection rate of pre-COVID billings, with a leasing pipeline exceeding $10 million. CEO Kenneth F. Bernstein expressed optimism about the recovery.

Acadia Realty Trust (NYSE: AKR) is set to release its first quarter 2021 earnings on April 28, 2021, post-market close. A conference call will follow on April 29, 2021, at 11:00 AM ET to discuss the earnings and operating results. Investors can access the call through a dial-in number (844-309-6711) or via a webcast on their website. Acadia Realty focuses on long-term growth through its Core Portfolio and Fund operating platforms, emphasizing a location-driven investment strategy.