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.
Acadia Realty Trust (NYSE: AKR) is set to announce its first quarter 2023 earnings on May 2, 2023, after market close. A conference call to discuss these results will occur on May 3, 2023, at 10:00 AM ET. The company focuses on long-term growth through its Core Portfolio and Fund operating strategies, concentrating assets in dynamic markets while maintaining a robust balance sheet. Acadia Realty Trust aims to provide transparency via its Investor Relations page and will utilize this for disclosing material information. Investors should be aware of potential risks affecting the company, including economic uncertainties related to the COVID-19 pandemic, inflationary pressures, and the ability to refinance debt.
Acadia Realty Trust (NYSE: AKR) announced its participation in the Citi 2023 Global Property CEO Conference from March 5-8, 2023, in Hollywood, FL. CEO Kenneth F. Bernstein will present on March 7 at 10:35 a.m. ET. Acadia will also host individual investor meetings, with presentation materials available on its website. The live audio webcast will be accessible through a provided link, and a replay will be available until March 7, 2024. Acadia aims for long-term, profitable growth through its Core Portfolio and Fund strategies, focusing on dynamic locations and maintaining a strong balance sheet.
Acadia Realty Trust (NYSE: AKR) has scheduled its 2023 Annual Shareholder Meeting for Thursday, May 4, 2023, at 1:00 p.m. EDT. The meeting will be conducted virtually, allowing shareholders to attend, vote, and submit questions via live webcast. Shareholders can vote prior to the meeting through www.proxyvote.com. Acadia Realty Trust focuses on long-term profitable growth through its Core Portfolio and Fund operating platforms, emphasizing a disciplined investment strategy in key locations across the U.S.
Acadia Realty Trust (NYSE: AKR) reported mixed financial results for 2022, showing a net loss per share of $0.40, primarily due to non-cash impairment charges and unrealized losses on investments. For Q4 2022, the company posted a net earnings per share of $0.04. NAREIT FFO for the quarter was $0.21 per share. The Core Portfolio NOI saw a 5.7% increase in Q4 and a 6.3% increase for the year. Acadia's share of a special dividend from Albertsons amounted to approximately $11.3 million, expected to be recognized in Q1 2023. The company provided promising guidance for 2023, estimating earnings per diluted share of $0.14 to $0.23.
Acadia Realty Trust (NYSE: AKR) has announced several year-end promotions to bolster its growth strategy. Jason Blacksberg is now Executive Vice President, Chief Legal Officer, overseeing legal and governance matters. Reggie Livingston is promoted to Senior Vice President, Chief Investment Officer, leading the acquisitions team. Heather Moore becomes Senior Vice President, Leasing Operations and Chief Compliance Officer, while Kevin Fitzgerald is now Vice President, Controller. Also, Stuart Seeley joins as Senior Managing Director of Strategy and Public Markets to enhance investor relations. Amy Racanello resigned as Senior Vice President, Capital Markets, effective February 3, 2023.
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