Acadia Q4 2021 Earnings Report
Key Takeaways
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.
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.
Completed approximately $66 million of Street retail acquisitions.
Increased leased rate to 93.2% as of December 31, 2021 compared to 92.6% leased as of September 30, 2021.
Acadia
Acadia
Forward Guidance
The Company is setting initial 2022 guidance ranges as follows: •Earnings per share of $0.19 to $0.32 •FFO before Special Items per share of $1.15 to $1.31, inclusive of $0.06 to $0.10 of net promote and other Core and Fund transactional income •Same-property NOI growth, excluding redevelopments of 4% to 6%