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Acadia
🇺🇸 NYSE:AKR
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•
Dec 31, 2019

Acadia Q4 2019 Earnings Report

Acadia reported solid fourth quarter and full year 2019 operating results, driven by the strength of its Core Portfolio and accretive investments.

Key Takeaways

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.

Achieved GAAP earnings per share of $0.24 and FFO per share of $0.32 for the fourth quarter.

Generated same-property NOI growth of 3.1% for the fourth quarter, excluding redevelopments.

Completed $190.6 million of core acquisitions in 2019, including $92.7 million in the fourth quarter.

Completed a suburban disposition for $22.6 million during the fourth quarter.

Total Revenue
$76.7M
Previous year: $55.1M
+39.2%
EPS
$0.32
Previous year: $0.34
-5.9%
Same Property NOI Growth
3.1%
Occupancy Rate
94%
Leased Rate
94.8%
Gross Profit
$54.3M
Previous year: $48.6M
+11.7%
Cash and Equivalents
$14.1M
Previous year: $20.1M
-29.5%
Total Assets
$4.31B
Previous year: $3.96B
+8.8%

Acadia

Acadia

Forward Guidance

The Company is setting its initial 2020 guidance ranges as follows: earnings per share of $0.25 to $0.39, FFO per share of $1.32 to $1.46 and same property NOI growth of 1.5% to 2.5%, excluding redevelopment

Positive Outlook

  • Earnings per share of $0.25 to $0.39
  • Earnings per share of $0.25 to $0.39
  • FFO per share of $1.32 to $1.46
  • FFO per share of $1.32 to $1.46
  • Same property NOI growth of 1.5% to 2.5%.

Company Overview

Full financial data and analysis

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