Loading...
•
Jun 30, 2021
Acadia Q2 2021 Earnings Report
Acadia reported operating results for the quarter and year-to-date period ended June 30, 2021.
Key Takeaways
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.
Exceeded expectations with GAAP earnings per share of $0.04, FFO per share of $0.31 and FFO before Special Items per share of $0.30
Raised annual 2021 guidance to $1.05 to $1.14 to reflect improved outlook on leasing and credit reserves
Increased same-property NOI by 13.9%
Increased collections to 96% of pre-COVID billings
Acadia
Acadia
Forward Guidance
The Company again raised its annual 2021 guidance to reflect improved outlook on leasing and credit reserves.