Acadia Rlty Tr Stock Price, News & Analysis

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.

Acadia Realty Trust (NYSE:AKR) declared a cash dividend of $0.15 per common share for Q1 2021, payable on April 15, 2021, to shareholders on record as of March 31, 2021. This marks a return to dividend payments after a temporary suspension in 2020 due to the pandemic. The company focuses on long-term growth through its Core Portfolio and Fund platforms, leveraging a disciplined investment strategy to build a strong real estate portfolio.

Acadia Realty Trust (NYSE:AKR) will participate in the Citi 2021 Virtual Global Property CEO Conference from March 8-11, 2021. CEO Kenneth F. Bernstein is set to present on March 10, 2021, at 3:30 p.m. ET, and the presentation materials will be accessible on their website under the Investors section. A live audio webcast of the presentation will be available, with a replay accessible until March 10, 2022. Acadia Realty focuses on long-term growth through a disciplined investment strategy in prime locations.

Acadia Realty Trust (NYSE: AKR) has elected Kenneth A. McIntyre as an independent trustee, effective March 1, 2021, expanding the Board to nine trustees, with eight independent members. McIntyre brings 25 years of commercial real estate expertise and leads the Real Estate Executive Council. His background includes roles at Hudson City Savings Bank and MetLife. The Lead Trustee, Lee S. Wielansky, expressed confidence that McIntyre’s insights will benefit Acadia’s real estate investment strategy aimed at growth in a changing retail landscape.

Acadia Realty Trust (NYSE: AKR) has announced its 2021 Annual Shareholder Meeting scheduled for May 6, 2021, at 1:00 p.m. EDT. This virtual meeting allows shareholders to attend, vote, and submit questions online. Acadia focuses on long-term growth through its Core Portfolio and Fund operating platforms, emphasizing a location-driven investment strategy. Shareholders can vote in advance at proxyvote.com. Acadia is committed to transparency, utilizing its website to disclose material information as per Regulation FD.

Acadia Realty Trust (NYSE: AKR) reported its fourth quarter and full year 2020 results, showing resilience amid the COVID-19 pandemic. The company collected 91% of billed rents in Q4 2020 and maintained a stable operational status with approximately 88% of its tenants open for business. Despite a GAAP loss per share of $0.12, FFO before Special Items was $0.24. Key highlights include a $16.4 million property sale, a $0.15 dividend reinstatement, and initial 2021 guidance for FFO between $0.98 and $1.14. The pandemic's impact led to significant credit losses totaling $32.5 million for 2020.

Acadia Realty Trust (NYSE: AKR) announced the promotion of two senior professionals, A.J. Levine and Tulani Thaw, to bolster long-term growth. Levine becomes Senior Vice President, Leasing, overseeing leasing strategies and tenant negotiations, crucial during the COVID-19 pandemic. Thaw is promoted to Vice President and Assistant General Counsel, focusing on legal matters related to core and fund transactional activity since joining in 2015. CEO Kenneth F. Bernstein highlighted their significant contributions to the company's success and future growth.