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Dec 31, 2024
Acadia Q4 2024 Earnings Report
Key Takeaways
Acadia Realty Trust reported a strong Q4 2024 performance with GAAP net earnings of $0.07 per share and FFO Before Special Items of $0.32 per share. Same-property NOI grew by 5.7%, driven by the performance of its street portfolio. The company completed $611 million in acquisitions, expanded its core portfolio in key retail markets, and raised $740 million in equity for future investments.
Forward Guidance
Acadia Realty Trust provided initial 2025 guidance projecting 5-6% same-property NOI growth and FFO Before Special Items per share of $1.30-$1.39. The company expects to continue benefiting from its strategic acquisitions and ongoing leasing momentum.
Positive Outlook
- Projected FFO Before Special Items growth of 5.5%
- Continued strength in core portfolio performance
- Expansion into high-demand retail locations
- Strong leasing spreads in key urban markets
- Substantial capital raised for future investments
Challenges Ahead
- Potential macroeconomic headwinds impacting retail demand
- Rising interest rates could increase borrowing costs
- Tenant turnover risks in high-traffic retail corridors
- Ongoing redevelopment expenses affecting short-term cash flow
Historical Earnings Impact
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Avg. Return Before/After Earnings
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