Acadia Earnings Reports

Acadia Realty Trust reported a strong Q4 2024 performance with GAAP net earnings of $0.07 per share and FFO Before Special Items of $0.32 per share. Same-property NOI grew by 5.7%, driven by the performance of its street portfolio. The company completed $611 million in acquisitions, expanded its core portfolio in key retail markets, and raised $740 million in equity for future investments.

Acadia Realty Trust reported net income of $8.1 million, or $0.07 per share, and FFO Before Special Items of $0.32 per share for the quarter ended September 30, 2024. The company achieved a Core Same-Property NOI growth of 5.9% and completed approximately $150 million of accretive acquisitions.

Acadia Realty Trust reported Q2 2024 operating results, featuring a net income of $0.01 per share and FFO Before Special Items of $0.31 per share. Core Same-Property NOI Growth was 5.5%, driven by a 12% increase from the Street Portfolio. The company also increased its quarterly dividend by 5.6% and completed approximately $150 million of accretive core and investment management transactions.

Acadia Realty Trust reported a net income of $3.0 million, or $0.03 per share, and FFO Before Special Items of $37.0 million, or $0.33 per share. Same-property NOI growth was 5.7%, driven by the Street Portfolio. The Core Portfolio was 94.4% leased and 91.8% occupied.

Acadia Realty Trust reported operating results for the quarter and year ended December 31, 2023. The company's portfolio has demonstrated consistent strength with same-property NOI growth. In January 2024, they completed an equity raise that positions their balance sheet for external growth.

Acadia Realty Trust reported a net loss of $1.7 million, or $0.02 per share, for the quarter ended September 30, 2023. However, NAREIT FFO per share was $0.26 and FFO Before Special Items per share was $0.27. Same-property NOI growth was 5.8%.

Acadia Realty Trust reported net earnings per share of $0.09, NAREIT FFO per share of $0.37 and FFO Before Special Items per share of $0.36 for the quarter ended June 30, 2023. The company's same-property NOI increased by 5.0%.

Acadia Realty Trust reported a strong first quarter, driven by internal growth, particularly within its Street portfolio. The company saw an increase in same-property NOI of 7.0% and generated GAAP and cash leasing spreads of 22.3% and 9.9%, respectively. Acadia also updated its annual 2023 guidance, increasing net earnings per share and NAREIT FFO per share.

Acadia Realty Trust reported a net income of $3.8 million, or $0.04 per share, for the quarter ended December 31, 2022. The company experienced a 5.7% increase in Core Portfolio same-property NOI. The results were impacted by a $6.8 million loss from the unrealized mark-to-market holding loss on its investment in Albertsons.

Acadia Realty Trust reported a GAAP loss per share of $0.61, NAREIT FFO per share of $0.24 and FFO Before Special Items per share of $0.28 for the quarter ended September 30, 2022. The company's same-property NOI increased 5.4% for the quarter ended September 30, 2022.

Acadia Realty Trust reported a net loss per share of $0.00 for the quarter ended June 30, 2022. The company exceeded expectations with FFO Before Special Items per share of $0.32 and NAREIT FFO per share of $0.23. Same-property NOI increased by 4.8% during the second quarter.

Acadia Realty Trust reported GAAP earnings per share of $0.18, FFO per share of $0.36, and FFO Before Special Items per share of $0.33. Same-property NOI increased by 9.7%. The company completed approximately $380 million of investments and increased the leased rate to 94.1%.

Acadia Realty Trust reported positive operating results for the fourth quarter of 2021. The company exceeded expectations with GAAP earnings per share of $0.03, FFO per share of $0.28 and FFO before Special Items per share of $0.29. Same-property NOI increased by 3.2%, driven by the Street/Urban portfolio. Acadia completed approximately $138 million of investments during the quarter.

Acadia Realty Trust reported solid leasing activity and improved tenant performance in the third quarter of 2021, driven by retailer confidence in the recovery and the importance of physical stores. The company's earnings growth is also benefiting from recent investment activity within its Core Portfolio and Fund Platform.

Acadia Realty Trust reported GAAP earnings per share of $0.04, FFO per share of $0.31 and FFO before Special Items per share of $0.30. The company raised annual 2021 guidance to $1.05 to $1.14. Same-property NOI increased by 13.9% and collections increased to 96% of pre-COVID billings.

Acadia Realty Trust reported GAAP earnings per share of $0.06, NAREIT FFO per share of $0.26 and FFO before Special Items per share of $0.25 for the quarter ended March 31, 2021. The company's Core Portfolio was 89.5% occupied and 91.0% leased as of March 31, 2021. They also reinstated its quarterly dividend at $0.15 per common share.

Acadia Realty Trust reported Q4 2020 operating results, highlighting solid cash collections and strengthening leasing activity within a resilient and diversified portfolio. The company collected 91% of billed rents and recoveries for the quarter. Acadia also reinstated its quarterly dividend at $0.15 per share commencing in Q1 2021.

Acadia Realty Trust reported a GAAP loss per share of $0.10 for the quarter ended September 30, 2020. Core Portfolio cash collections improved, with 87% of billed rents and recoveries collected for the full third quarter. Same-property NOI decreased by 21.4% compared to the same period in 2019, predominantly due to credit reserves.

Acadia Realty Trust reported second quarter earnings reflecting gains from the monetization of Albertsons Companies Inc. offset by credit reserves resulting from the COVID-19 Pandemic. The company's Core Portfolio Operating Results showed a decrease in same-property NOI of -18.7% for the second quarter predominantly due to credit reserves on billed Core rents and recoveries resulting from the COVID-19 Pandemic along with the short-term delays of rent commencement on executed new leases.

Acadia Realty Trust reported a GAAP loss per share of $(0.10) and FFO per share of $0.30 for Q1 2020, impacted by credit loss and straight-line rent reserves due to the COVID-19 pandemic. Same-property NOI decreased by -1.4% due to credit loss reserves. The company has suspended distributions on its common shares beginning in the second quarter of 2020.

Acadia Realty Trust reported GAAP earnings per share of $0.24 and FFO per share of $0.32 for the fourth quarter of 2019. The company generated same-property NOI growth of 3.1% for the fourth quarter, excluding redevelopments. Acadia completed $92.7 million of core acquisitions during the fourth quarter and a suburban disposition for $22.6 million.