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Sep 30, 2022
Acadia Q3 2022 Earnings Report
Reported operating results for the third quarter of 2022.
Key Takeaways
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.
Generated a 5.4% increase in its Core Portfolio same-property NOI during the third quarter.
Increased guidance, for the third time this year, for FFO Before Special Items per share to $1.28 to $1.30.
Increased both leased and occupied rates to 94.3% and 91.2%, respectively, as of September 30, 2022.
Completed a Fund V suburban acquisition in New York for approximately $48 million.
Acadia
Acadia
Forward Guidance
The Company updated its annual 2022 guidance of net earnings (loss), NAREIT Funds from Operations and FFO Before Special Items attributable to Common Shareholders and Common OP Unit holders.