Every 8-K that Acadia Realty Trust (AKR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow AKR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AKR filings page.
Acadia Realty Trust reported stronger second-quarter 2026 results, with net income attributable to shareholders of $11.0 million, or $0.05 per diluted share, up from $0.01 a year earlier, primarily from gains on property sales. NAREIT FFO was $43.1 million, or $0.30 per diluted share, and FFO As Adjusted was $44.7 million, or $0.31.
REIT Portfolio same-property NOI grew 8.7% year over year, led by 15.6% growth in street retail. Economic and leased occupancy rose to 94.4% and 95.7%. Cash leasing spreads on new leases reached 91%, and 78% including renewals, while total pro-rata NOI increased to $56.9 million.
Year to date, Acadia completed approximately $652 million of acquisitions and about $583 million of Investment Management dispositions, plus $504.1 million of recapitalizations, and raised approximately $200 million through a common equity offering and $72.1 million from forward equity settlements. Net debt-to-adjusted EBITDA was 5.1x, there are no significant REIT Portfolio debt maturities until 2029, and full-year 2026 FFO As Adjusted guidance increased to $1.24–$1.26 per share.
Acadia Realty Trust entered into an underwriting and forward sale structure for 9,000,000 common shares, with underwriters holding an option for up to an additional 1,350,000 shares. The shares were borrowed by forward purchasers and sold to underwriters on June 9, 2026.
The company expects to physically settle the forward sale agreements by June 9, 2027. Assuming full physical settlement at an initial forward price of $21.80 per share, Acadia expects net proceeds of about $195.6 million, or $225.0 million if the option is fully exercised.
Acadia plans to contribute the net proceeds to its operating partnership to fund acquisition opportunities in its existing street portfolio markets and for other general corporate purposes, which may include debt repayment and working capital, with interim investment in short-term instruments.
Acadia Realty Trust updated its first-quarter 2026 metrics and raised full-year guidance while correcting minor supplemental disclosure errors. For the quarter ended March 31, 2026, total NOI at pro-rata share was $55,058 thousand versus $46,348 thousand a year earlier, and Adjusted EBITDA was $58,611 thousand versus $57,129 thousand. FFO As Adjusted per diluted common share and OP unit rose to $0.30 from $0.27, while NAREIT FFO per diluted share was $0.26 versus $0.34. REIT same-property NOI increased 5.9%, and REIT acquisitions reached $78,697 thousand with total acquisitions of $502,837 thousand; total dispositions were $496,963 thousand.
The trust increased 2026 net earnings per share guidance to $0.37–$0.39 from $0.24–$0.26 and nudged FFO As Adjusted guidance to $1.22–$1.26 from $1.21–$1.25. As of March 31, 2026, total market capitalization was $4,241,238 thousand and Net Debt to Adjusted EBITDA was 5.5x. The company also corrected certain page 22 figures in its Supplemental Report, including REIT pre-stabilized assets now shown as 337,937 and REIT total costs to date as 866,437. At the May 13, 2026 annual meeting, all trustee nominees were elected, Deloitte & Touche LLP was ratified as auditor, and shareholders approved the advisory vote on named executive officer compensation.
Acadia Realty Trust reported much stronger first-quarter 2026 results, with net income rising sharply and operating metrics improving. GAAP net earnings were $0.22 per share, up from $0.01 a year earlier, helped by sizable gains on property sales and despite higher non‑cash compensation charges.
FFO As Adjusted grew to $0.30 per share from $0.27, while same‑property NOI increased 5.9%, driven by 7.0% growth in the street and urban portfolio. Economic occupancy reached 94.1% and leased occupancy 95.3%. The company completed about $503 million of accretive acquisitions and $504 million of recapitalizations, and settled 2.4 million forward equity shares for $56 million.
Management raised full‑year 2026 guidance, lifting earnings per share to $0.37–$0.39 and FFO As Adjusted to $1.22–$1.26 per share. Acadia also upsized its corporate credit facility to $1.425 billion with improved pricing and reported Net Debt‑to‑Adjusted EBITDA of 5.5x, with no significant REIT portfolio debt maturities until 2029.
Acadia Realty Trust, through Acadia Realty Limited Partnership, entered into a Fourth Amended and Restated Credit Agreement that replaces its prior syndicated credit facility. The agreement maintains a $525.0 million revolving credit facility, extending its maturity from April 15, 2028 to April 17, 2030, with two additional six‑month extension options and capacity to issue up to $60.0 million in letters of credit.
The facility adds a new $137.5 million Term Loan A‑3 maturing on April 17, 2031 and increases the existing term loan from $400.0 million to $512.5 million, also maturing on April 17, 2031, alongside an existing $250.0 million Term Loan A‑2 maturing May 29, 2030. It includes an accordion feature permitting total capacity up to $2.0 billion. Borrowings bear interest at SOFR or a base rate plus margins tied to Acadia’s leverage ratio or, after a ratings election, its debt ratings, with initial SOFR margins ranging from 1.00% on the revolver to up to 1.20% on Term Loan A‑2.
Acadia Realty Trust reported fourth-quarter 2025 net earnings of $0.04 per share and full-year 2025 net earnings of $0.10 per share. NAREIT FFO was $1.19 per share for 2025, while FFO Before Special Items reached $1.32 per share, reflecting higher recurring cash generation than GAAP earnings.
Same-property NOI for the REIT portfolio increased 6.3% in the fourth quarter and 5.7% for 2025, driven mainly by strong performance in street and urban retail. Economic occupancy rose to 93.9% at December 31, 2025, supported by robust leasing spreads on new leases.
Acadia completed approximately $487 million of accretive REIT and Investment Management acquisitions in 2025 and a further $445 million year-to-date 2026, including a joint venture acquisition of the Shops at Skyview in Queens for about $425 million. It also raised roughly $39 million of equity in the fourth quarter and has unsettled forward equity contracts for 14.7 million shares, supporting a pro-rata net debt-to-EBITDA ratio of 4.9x at year-end.
For 2026, the company introduced FFO As Adjusted guidance of $1.21–$1.25 per share, versus 2025 FFO As Adjusted of $1.14 per share. The outlook assumes REIT same-property NOI growth of 5–9%, Investment Management fees of $23–$26 million, and net interest expense of $68–$70 million.
Acadia Realty Trust reported that Joseph Napolitano has informed the company of his intention to retire as Senior Vice President and Chief Administrative Officer, effective on or about April 1, 2026. The company states that his departure is not due to any disagreement regarding operations, policies, or accounting matters.
Acadia does not plan to appoint a new Chief Administrative Officer at this time, and the responsibilities of that role will be reassigned to other members of the management team. The company formally thanked Mr. Napolitano for his long-standing service and contributions.
Acadia Realty Trust announced a leadership change in its accounting function. The company appointed David Buell as Chief Accounting Officer, effective January 5, 2026, succeeding Richard Hartmann as principal accounting officer. Buell brings extensive real estate accounting experience from senior roles at Kite Realty Group Trust and prior audit work at KPMG, and he is a certified public accountant.
Buell will receive an annual base salary of $375,000, be eligible for an annual cash bonus and equity bonus under the 2020 Share Incentive Plan, and on his start date will receive a one-time equity award of $500,000 in restricted stock or long-term incentive partnership units, vesting over five years. He will also receive a one-time signing award of up to $245,000 in cash and up to $245,000 in equity and enter into a severance agreement. Hartmann, who has been with the company since 1997 and Chief Accounting Officer since 2012, will remain with Acadia in a new role as Senior Vice President, Strategic Initiatives.
Acadia Realty Trust furnished an update on its operating results. The company announced consolidated financial results for the quarter and year-to-date period ended September 30, 2025, and made related supplemental information available.
The materials were provided as Exhibits 99.1 (press release) and 99.2 (supplemental reporting information) and are furnished under Item 2.02, not deemed filed under the Exchange Act or incorporated by reference into Securities Act filings.