Acadia Realty Trust

Acadia Realty Trust is a real estate investment trust, which engages in delivering operating platforms and investment strategy. It operates through the following business segments: Core Portfolio, Funds, and Structured Financing. The Core Portfolio segment consists of retail properties. The Funds segment handles retail real estate. The Structured Financing segment involves earnings and expenses related to notes and mortgages receivable which are held within the Core Portfolio or the Funds. The company was founded by Kenneth F. Bernstein in 1964 and is headquartered in Rye, NY.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Acadia Realty Trust reports strong Q4 results and outlines growth opportunities

Acadia Realty Trust's Q4 performance reflects positive financial growth and operational progress.
Despite challenges in the macroeconomic environment, the company remains optimistic about internal growth.
Opportunities in urban market recovery and redevelopment projects offer avenues for future expansion.
The company aims to simplify its fund business for shareholders while maintaining profitability.

Acadia Realty Trust (AKR) reports strong Q1 performance and eyes growth opportunities

Acadia Realty Trust (AKR) delivered a robust performance in Q1 2023, showcasing strong same-property NOI growth and successful earnings. The company's strategic focus on high-growth street assets, suburban properties, and prudent leasing strategies positions it well for future growth opportunities. While facing challenges from external factors and market uncertainties, Acadia Realty Trust remains optimistic about its long-term growth prospects.

Acadia Realty Trust surpasses earnings forecasts, anticipates accelerated growth

Acadia Realty Trust's Q2 performance exceeded expectations with strong leasing activity and NOI growth. Despite challenges in transactional activity, the company's balance sheet strength and growth opportunities position it well for future success.

Acadia Realty Trust (AKR) reports strong Q3 earnings and projects growth opportunities for 2024

Acadia Realty Trust (AKR) demonstrates strong performance with notable leasing activity and earnings growth. The company faces challenges in reducing exposure in certain markets and managing costs associated with leases. Opportunities exist in acquiring assets at favorable rents and driving same-store NOI growth.

Acadia Realty Trust excels in 2023, eyes street retail growth

Acadia Realty Trust's strong 2023 performance and strategic focus on street retail and external growth opportunities position it well for continued success. Management's emphasis on top-line growth translating into bottom-line earnings growth reflects a sound business strategy. The company's optimistic outlook for above-trend growth and capital recycling initiatives underscore its commitment to creating shareholder value.

Acadia Realty Trust excels in Q1, eyes growth amid retail evolution

Acadia Realty Trust's Q1 performance reflects resilience and growth in street retail, with a focus on maximizing value and strategic investments for future expansion.
The company faces challenges in navigating occupancy fluctuations and industry shakeouts but is well-positioned to capitalize on opportunities through differentiated strategies.
Opportunities lie in external growth initiatives, institutional partnerships, and adapting to omnichannel retail trends, signaling a proactive approach to driving profitability.

Acadia Realty Trust (AKR) reports strong Q3 performance and growth outlook

Acadia Realty Trust (AKR) demonstrates robust performance driven by acquisitions, internal growth, and a strong balance sheet.
While facing challenges in competition and occupancy costs, the company remains optimistic about growth opportunities in high-demand markets.
Management's proactive approach to maximizing shareholder value through strategic initiatives positions the company for long-term success.
Overall, Acadia Realty Trust (AKR) shows resilience and potential for sustained growth in the real estate sector.

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Amazon

As the Vanguard Real Estate ETF (ARCA:VNQ) is down roughly 31% year-to-date, real estate investment trusts are being beaten down as the sector continues to decline.

These 2 Shopping Center REITs Are Down More Than The S&P 500: Is Now The Time To Buy? - Acadia Realty Trust (NYSE:AKR), Amazon.com (NASDAQ:AMZN)

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company) today provided updates on leasing, Fund transaction updates and a key promotion. The Company also will participate and present at the Bank of America Securities 2022 Global Real Estate Conference on September 13-14, 2022. Kenneth F. Bernstein, Acadia's President and Chief Executive Officer, is scheduled to make a Company presentation on Wednesday, September 14, 2022 at 2:10 p.m. ET. Core Portfolio and City Po

Acadia Realty Trust Provides Business Updates and to Present at Bank of America Securities 2022 Global Real Estate Conference

Acadia Realty Trust (NYSE:AKR ) Q2 2022 Results Earnings Conference Call August 8, 2022 12:00 PM ET Company Participants Jacob Bennett - Investor Relations Contact Kenneth Bernstein - President and Chief Executive Officer John Gottfried - Executive Vice President, Chief Financial Officer Amy Racanello - Senior Vice President, Capital Markets and Head of Asset Management Conference Call Participants Todd Thomas - KeyBanc Capital Markets, Inc. Ki Bin Kim - Truist Securities Craig Mailman - Citigroup Craig Schmidt - Bank of America Merrill Lynch Linda Tsai - Jefferies Michael Mueller - J.P. Morgan Securities, Inc. Operator Welcome to Acadia Realty Trust Second Quarter 2022 Earnings Conference Call.

Acadia Realty Trust (AKR) CEO Kenneth Bernstein on Q2 2022 Results - Earnings Call Transcript

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today reported operating results for the quarter and year-to-date period ended June 30, 2022. For the quarter ended June 30, 2022, net loss per share was $0.00 and for the six months ended June 30, 2022, net earnings per share was $0.17. All per share amounts are on a fully-diluted basis, where applicable. Acadia operates dual platforms, comprised of a high-quality core real estate portfolio (“Core Portfolio

Acadia Realty Trust Reports Second Quarter 2022 Operating Results

Acadia Realty Trust is a mid-sized REIT with interests in high-quality urban shopping centers. Though concerns abound regarding the outlook of urban environments, given the growing allure of the suburbs, AKR has benefited and is likely to continue benefiting from its urban exposure.

Acadia Realty Trust: A Vote Of Confidence On Urban Retail

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) will release its second quarter 2022 earnings on Tuesday, August 2, 2022, after market close. Management will conduct a conference call on Wednesday, August 3, 2022, at 12:00 PM ET to review the Company's earnings and operating results. Participant registration and webcast information is listed below. Live Conference Call:   Date:   Wednesday, August 3, 2022 Time:   12:00 PM ET Participant Registration:   Se

Acadia Realty Trust to Announce Second Quarter 2022 Earnings on August 2, 2022

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today announced that it will participate in NAREIT's REITweek®: 2022 Investor Conference. NAREIT REITweek®: 2022 Investor Conference Acadia will participate in NAREIT's REITweek®: 2022 Investor Conference which will be held on June 7-9, 2022. Kenneth F. Bernstein, Acadia's President and Chief Executive Officer, is scheduled to make a company presentation on Wednesday, June 8, 2022, at 11:45 a.m. ET. The Comp

Acadia Realty Trust to Present at NAREIT's REITweek®: 2022 Investor Conference

Acadia Realty Trust (NYSE:AKR ) Q1 2022 Earnings Conference Call May 3, 2022 11:00 AM ET Company Participants Rielle Green - Director of ESG Ken Bernstein - President and CEO John Gottfried - CFO Amy Racanello - SVP, Capital Markets and Investments Conference Call Participants Todd Thomas - KeyBanc Capital Linda Tsai - Jefferies Michael Bilerman - Citi Craig Schmidt - Bank of America Merrill Lynch Mike Mueller - JPMorgan Paulina Rojas - Green Street Operator Ladies and gentlemen, thank you for standing by. And welcome to the Q1 2022 Acadia Realty Trust Earnings Conference Call.

Acadia Realty Trust (AKR) CEO Ken Bernstein on Q1 2022 Results - Earnings Call Transcript

Acadia Realty Trust (AKR) delivered FFO and revenue surprises of 13.79% and 22.37%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Acadia Realty Trust (AKR) Beats Q1 FFO and Revenue Estimates

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today reported operating results for the quarter ended March 31, 2022. All per share amounts are on a fully-diluted basis, where applicable. Acadia operates dual platforms, comprised of a high-quality core real estate portfolio (“Core Portfolio”), through which the Company owns and operates retail assets in the nation's most dynamic corridors, and a series of discretionary, institutional funds (“Funds”) that

Acadia Realty Trust Reports First Quarter 2022 Operating Results

Acadia Realty (AKR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Acadia Realty (AKR) This Earnings Season?

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Zacks REIT and Equity Trust - Retail industry stocks O, FRT and AKR are in focus amid widespread vaccination, rising income and hefty savings, supporting strong consumer spending, despite e-commerce adoption, and material and operating cost woes.

3 Top REITs to Buy From a Flourishing Retail REIT Industry

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) will release its first quarter 2022 earnings on Monday, May 2, 2022 after market close. Management will conduct a conference call on Tuesday, May 3, 2022 at 11:00 AM ET to review the Company's earnings and operating results. Dial-in and webcast information is listed below. Live Conference Call: Date: Tuesday, May 3, 2022 Time: 11:00 AM ET Dial#: 844-309-6711 Passcode: “Acadia Realty” or “8591189” Webcast (Li

Acadia Realty Trust to Announce First Quarter 2022 Earnings on May 2, 2022

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today announced that the Company completed approximately $124 million of Core acquisitions. The Company will also participate and present at the Citi 2022 Global Property CEO Conference, which will be held on March 6-9, 2022 in Hollywood, FL. Core Portfolio Acquisitions The Company recently completed approximately $124 million of Core acquisitions. Williamsburg Collection, Brooklyn, New York. In February 202

Acadia Realty Trust Provides Acquisition Update and Will Present at the Citi 2022 Global Property CEO Conference

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today announced the date of the Company's 2022 Annual Shareholder Meeting. Acadia's Board of Trustees has set the meeting date for Thursday, May 5, 2022 at 1:00 p.m., EST. As this will be conducted as a virtual meeting, shareholders will be able to attend, vote and submit questions via live webcast by visiting www.virtualshareholdermeeting.com/AKR22. Prior to the meeting, shareholders will be able to vote at

Acadia Realty Trust Announces 2022 Annual Meeting Date

Acadia Realty Trust's (AKR) CEO Ken Bernstein on Q4 2021 Results - Earnings Call Transcript

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE:AKR) (“Acadia” or the “Company”) today announced that its Board of Trustees has declared a first quarter cash dividend of $0.18 per common share, representing a 20% increase from the prior quarterly dividend. The quarterly dividend is payable on April 14, 2022 to holders of record as of March 31, 2022. About Acadia Realty Trust Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth vi

Acadia Realty Trust Announces 20% Increase in Quarterly Dividend

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today reported operating results for the quarter and year-to-date period ended December 31, 2021. All per share amounts are on a fully-diluted basis, where applicable. Acadia operates dual platforms, comprised of a high-quality core real estate portfolio (“Core Portfolio”), through which the Company owns and operates retail assets in the nation's most dynamic corridors, and a series of discretionary, institu

Acadia Realty Trust Reports Fourth Quarter and Full Year 2021 Operating Results

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) will release its fourth quarter 2021 earnings on Tuesday, February 15, 2022 after market close. Management will conduct a conference call on Wednesday, February 16, 2022 at 12:00 PM ET to review the Company's earnings and operating results. Dial-in and webcast information is listed below. Live Conference Call: Date: Wednesday, February 16, 2022 Time: 12:00 PM ET Dial#: 844-309-6711 Passcode: “Acadia Realty” or “6716338” Webcast (Listen

Acadia Realty Trust to Announce Fourth Quarter 2021 Earnings on February 15, 2022

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR – “Acadia” or the “Company”), today announced the year-end promotions for the following professionals to support its continued growth: John Gottfried has been promoted to Executive Vice President, Chief Financial Officer. In this role, he will continue to lead the financial strategy and planning for the Company with responsibility for capital raising, finance and treasury management, accounting, tax, internal audit and investor relation

Acadia Realty Trust Announces Key Promotions and Changes to Management Team

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR – “Acadia” or the “Company”) has determined that the Federal tax treatment for 2021 distributions to holders of its common shares of beneficial interest (CUSIP # 004239109) traded on the NYSE under the ticker symbol “AKR” is as follows:                             Distribution Allocable to 2021   Record Payment Total Distribution     Taxable Qualified   Taxable Ordinary   Total Capital Unrecaptured Section 1250 Date Date Per Share Total

Acadia Realty Trust Announces Tax Reporting Information for 2021 Distributions

I like to keep things simple, and this REIT goes entirely counter to that goal, thanks to its unusual retail property model.

Why I'll Never Own Acadia Realty

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Bouncing back from punishing pandemic-related declines, Shopping Center REITs are on the cusp of a full recovery across all critical metrics but Omicron introduces fresh uncertainty and also potential opportunity. The retail landscape has improved dramatically this year. Retail sales are on-pace to rise over 15% this year while store closings are on pace for the lowest level in a decade.

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Many shopping center REITs suspended dividends in 2020. Dividends are now reinstated but at lower levels.

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RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) provided a leasing update and announced that it will participate in NAREIT's REITworld®: 2021 Annual Conference, which will be held virtually from November 9-11, 2021. Leasing Update In November 2021, Crossroads Joint Venture LLC (the “Venture”) reached an agreement with Transform Operating Stores LLC to terminate its lease with Kmart at Crossroads Shopping Center. Additionally, the Company profitably execut

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