Acadia Realty Trust Reports Strong Q3 2025 Results

Acadia Realty Trust ( (AKR) ) has released its Q3 earnings. Here is a breakdown of the information Acadia Realty Trust presented to its investors.

Acadia Realty Trust is a real estate investment trust (REIT) specializing in street and open-air retail properties, with a focus on high-quality assets in dynamic retail corridors across the United States. The company also operates an investment management platform targeting opportunistic and value-add investments through institutional co-investment vehicles.

In its third-quarter 2025 earnings report, Acadia Realty Trust reported GAAP net earnings of $0.03 per share and Funds From Operations (FFO) Before Special Items of $0.33 per share. The company highlighted an 8.2% increase in same-property Net Operating Income (NOI), driven by a 13% growth in its street retail portfolio.

Key financial metrics for the quarter include a 29% GAAP leasing spread on new and renewal leases, a 140 basis point increase in REIT Portfolio occupancy to 93.6%, and a significant reduction in the pro-rata Net Debt-to-EBITDA ratio to 5.0x. Acadia also completed a $63 million acquisition, contributing to a year-to-date acquisition volume of $487 million, with expectations for 2025 acquisition levels to meet or exceed those of 2024.

Acadia’s strategic moves include raising approximately $212 million in equity to fund ongoing projects and acquisitions, and a strong leasing performance in key markets such as New York and Washington, DC. The company also reported realized investment gains of $5.4 million from marketable securities and net promotes.

Looking ahead, Acadia Realty Trust remains optimistic about its growth prospects, supported by its differentiated portfolio and investment management platform. The company is well-positioned to capitalize on leasing demand and acquisition opportunities as it moves into 2026 and beyond.