Estimate ReductionEstimates for Acadia Realty Trust's funds from operations have been lowered.
Financial Forecast AdjustmentWe are slightly trimming our 2025 normalized FFO/sh by $0.01/sh to $1.16 and our 2026 estimate to $1.24 from $1.31.
Timing And ConversionThe reduction reflects earlier conversion timing from City Point partners and timing of leasing activity and rent commencements, as prior assumptions were overly aggressive.