Acadia Q1 2022 Earnings Report
Key Takeaways
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%.
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%.
Completed approximately $380 million of investments during the first quarter and post-quarter to date.
Increased leased rate to 94.1% as of March 31, 2022 compared to 93.2% leased as of December 31, 2021.
Acadia
Acadia
Forward Guidance
The Company increased its annual 2022 guidance of earnings per share, NAREIT Funds from operations and FFO Before Special Items attributable to Common Shareholders and Common OP Unit holders. Additionally, the Company updated its net income and FFO to reflect the unrealized holding gains recognized related to its investment in Albertsons through March 31, 2022. The Company has not reflected any forward-looking estimates involving future unrealized holding gains (i.e. changes in share price) on Albertsons in its net income and FFO guidance assumptions.