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Acadia Realty Trust - AKR STOCK NEWS

Welcome to our dedicated page for Acadia Realty Trust news (Ticker: AKR), a resource for investors and traders seeking the latest updates and insights on Acadia Realty Trust stock.

Acadia Realty Trust (NYSE: AKR) is an equity real estate investment trust (REIT) committed to generating long-term growth and profitability through its dual-platform strategy comprising Core and Opportunity Fund investments. Acadia’s Core Portfolio includes high-quality retail properties located in densely populated urban and street-retail corridors across the United States. These locations provide a stable, long-term revenue stream. Simultaneously, Acadia's Opportunity Fund platforms allow for highly profitable, opportunistic, and value-add investments through a series of institutional funds.

In recent years, Acadia Realty Trust has demonstrated significant achievements, including achieving a cumulative total return of 1,388% over a 15-year period ending December 31, 2014. The company attributes its success to its distinct strategy and unwavering commitment to its core values—integrity, intensity, intelligence, and innovation. The trust continues to enhance its portfolio by acquiring, leasing, managing, and redeveloping properties in key metropolitan areas such as New York City, Washington, D.C., and San Francisco.

Financially, Acadia has maintained a strong balance sheet, with significant cash flow generated from its Core Portfolio and Funds. Recent financial highlights include GAAP net earnings of $0.20 per share for 2023 and projected 2024 earnings between $0.09 and $0.15 per share. Additionally, same-property net operating income (NOI) growth reached 5.8% for the full year of 2023.

Acadia Realty Trust has also expanded its investment management capabilities by forming strategic partnerships, such as the recent collaboration with J.P. Morgan Asset Management, aimed at acquiring retail assets. The company continues its focus on capital recycling, selling stabilized assets like the Shops at Grand Avenue to invest in higher-growth street retail assets. Acadia’s disciplined, location-driven investment strategy remains pivotal to its growth, enabling it to deliver sustainable returns to its investors while maintaining a robust portfolio of premier real estate assets.

Stay updated with Acadia Realty Trust's latest news, financial results, and strategic developments to better understand the company's ongoing performance and future growth prospects.

News

Acadia Realty Trust Reports Fourth Quarter and Full Year 2023 Operating Results

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Acadia Realty Trust (NYSE: AKR) reported a net loss per share of $0.02 for Q4 2023 but a net earnings per share of $0.20 for the full year 2023. The company projects a range of $0.09-$0.15 per share for 2024. Same-Property NOI growth for 2023 was 5.8%, meeting the high end of guidance, with Core Cash Rent Spreads on new leases at 44%. The company anticipates a 5-6% growth in Same-Property NOI for 2024 and 5% in FFO. Acadia's President and CEO, Kenneth F. Bernstein, highlighted the strength of the portfolio and the focus on strategic investments.
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Acadia Realty Trust Announces Key Promotions and Changes to Management Teams

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Acadia Realty Trust (NYSE:AKR) announces year-end promotions, with Reggie Livingston as Executive VP, Chief Investment Officer, Samantha Stapleton as VP, Asset Management, and Christina Lamendola as VP, Strategic Lease Management.
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Acadia Realty Trust Announces Tax Reporting Information for 2023 Distributions

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Acadia Realty Trust (NYSE:AKR) has released the Federal tax treatment for 2023 distributions to holders of its common shares of beneficial interest. The total distribution for 2023 is $0.720000 per share, with a 20% deduction generally allowable to non-corporate shareholders under Internal Revenue Code Section 199A. Shareholders are encouraged to consult with their personal tax advisors for specific tax treatment.
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Acadia Realty Trust to Announce Fourth Quarter 2023 Earnings on February 13, 2024

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Acadia Realty Trust (AKR) will release its fourth quarter 2023 earnings on February 13, 2024, after market close. A conference call to review the Company’s earnings and operating results will be held on February 14, 2024, at 11:00 AM ET.
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Acadia Realty Trust Prices Offering of 6,900,000 Common Shares

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Acadia Realty Trust (AKR) announced the pricing of an underwritten offering of 6,900,000 common shares at a price to the public of $16.75 per share. The offering is expected to close on January 11, 2024. Acadia intends to use the net proceeds for general corporate purposes, including funding future acquisitions, repayment of outstanding indebtedness, working capital, and other general corporate purposes. J.P. Morgan and BofA Securities are serving as the underwriters for the offering.
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Acadia Realty Trust Announces Offering of 6,000,000 Common Shares

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Acadia Realty Trust (AKR) announced an offering of 6,000,000 common shares with an option for underwriters to purchase an additional 900,000 shares. The net proceeds will be used for general corporate purposes, including future acquisitions, debt repayment, and working capital. J.P. Morgan and BofA Securities are the underwriters. The offering is made through an effective shelf registration statement filed with the SEC.
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Acadia Realty Trust Announces $0.18 Per Share Quarterly Dividend

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Acadia Realty Trust (NYSE:AKR) has declared a cash dividend of $0.18 per common share for the quarter ended December 31, 2023. The dividend is payable on January 12, 2024, to shareholders of record as of December 29, 2023.
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Acadia Realty Trust Reports Third Quarter Operating Results

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Acadia Realty Trust (NYSE: AKR) reported operating results for the quarter ended September 30, 2023. Net loss per share was $0.02. NAREIT FFO per share was $0.26 and FFO Before Special Items per share was $0.27. Same-property NOI growth was 5.8%. Core cash rent spreads on new leases exceeded 50%. Several new street leases were signed in Soho and Williamsburg, NYC, totaling over $4 million in annual base rents. Core Signed Not Open Pipeline increased $1.5 million to $8.3 million of annual base rents. The Company closed on a $49.4 million Fund V acquisition in Tampa, FL. The mid-point of guidance for 2023 FFO Before Special Items represents year-over-year growth above 5%.
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Acadia Realty Trust to Announce Third Quarter 2023 Earnings on October 30, 2023

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Acadia Realty Trust to release Q3 2023 earnings on October 30, 2023, after market close. Conference call to review earnings on October 31, 2023, at 11:00 AM ET.
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Acadia Realty Trust Announces $0.18 Per Share Quarterly Dividend

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FAQ

What is the current stock price of Acadia Realty Trust (AKR)?

The current stock price of Acadia Realty Trust (AKR) is $25.22 as of November 22, 2024.

What is the market cap of Acadia Realty Trust (AKR)?

The market cap of Acadia Realty Trust (AKR) is approximately 2.6B.

What does Acadia Realty Trust do?

Acadia Realty Trust is an equity REIT specializing in the operation, management, leasing, renovation, and acquisition of shopping centers and mixed-use properties with retail components in metropolitan areas of the United States.

What is Acadia Realty Trust's investment strategy?

Acadia operates through a dual-platform strategy comprising Core Portfolio investments, which provide stable, long-term revenue, and Opportunity Fund investments that target highly profitable, opportunistic, and value-add projects.

How has Acadia Realty Trust performed financially?

For the year 2023, Acadia reported GAAP net earnings of $0.20 per share and projected 2024 earnings between $0.09 and $0.15 per share. Same-property NOI growth was 5.8% for the full year 2023.

What significant recent partnerships has Acadia Realty Trust formed?

Acadia recently established a strategic partnership with J.P. Morgan Asset Management to acquire retail assets, starting with the sale of a 95% interest in the Shops at Grand Avenue.

What properties does Acadia Realty Trust hold in its portfolio?

Acadia's portfolio includes high-quality retail properties in densely populated urban corridors like New York City, Washington, D.C., and San Francisco.

How does Acadia Realty Trust maintain financial stability?

Acadia maintains a strong balance sheet through disciplined capital management, strategic partnerships, and a focus on profitable, location-driven investments.

What are the core values of Acadia Realty Trust?

Acadia’s core values are integrity, intensity, intelligence, and innovation, which guide its strategy and operations.

How does Acadia Realty Trust generate revenue?

Acadia generates revenue primarily through leasing, managing, and redeveloping its Core Portfolio properties, and from investment gains through its Opportunity Fund platforms.

What are the key financial highlights from Acadia Realty Trust's recent performance?

Key financial highlights include GAAP net earnings of $0.20 per share in 2023, projected 2024 earnings of $0.09 to $0.15 per share, and a same-property NOI growth of 5.8% for 2023.

Where can investors find the latest updates on Acadia Realty Trust?

Investors can find the latest updates on Acadia Realty Trust's website under the Investors section, as well as through press releases, SEC filings, and public conference calls.

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Acadia Realty Trust

NYSE:AKR

AKR Rankings

#1806 Ranked by Market Cap
#1018 Ranked by Dividends

AKR Stock Data

2.60B
118.96M
0.57%
103.67%
2.38%
REIT - Retail
Real Estate Investment Trusts
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United States of America
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