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Acadia Realty Trust (AKR)
NYSE:AKR
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.05Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: -4.17%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance in Acadia's street retail portfolio, strategic acquisitions, and successful leasing activity, despite some challenges with suburban retail and retailer bankruptcies. The company remains confident in its growth trajectory.Company Guidance
During the Acadia Realty Trust Fourth Quarter 2024 Earnings Conference Call, the company provided detailed guidance for 2025. They forecast a 5% to 6% same-store NOI growth, driven by a strong performance in their street retail portfolio, which has consistently delivered over 5% same-store NOI growth for each of the last three years. The company's acquisition activity in 2024 included over $600 million in transactions, split evenly between Core and Investment Management businesses, with a focus on strategic markets such as Georgetown, SoHo, and Williamsburg. The new acquisitions are projected to contribute a 7% CAGR, enhancing cash yields into the 7% range. Acadia has set 2025 FFO guidance at a midpoint of $1.35 per share, reflecting an anticipated growth of 5.5% from 2024, with internal growth and signed not yet open leases playing a significant role in boosting earnings. The company also emphasized its strong balance sheet, having raised approximately $740 million in common equity and completed over $1 billion in debt transactions during 2024, positioning them well for continued growth.Strong Portfolio Performance
Acadia achieved over 5% same-store NOI growth for each of the last three years, driven significantly by street retail performance. The company projects 5% to 6% same-store growth in 2025.
Record Leasing Activity
Acadia signed over 50 new leases totaling $13.5 million in annual rent, equivalent to nearly 10% of total ABR. Overall spreads for the year were approximately 35%.
Successful Acquisitions
Completed over $600 million of acquisitions, with $300 million for the Core Portfolio. Acquisitions included strategic additions in key markets like SoHo and Georgetown, with a going-in GAAP yield in the mid-6s and a five-year CAGR in excess of 7%.
Investment Management Growth
Two joint ventures executed in Q4, including a $275 million acquisition in Las Vegas, highlighting strong institutional capital relationships.
Increase in Occupancy and Leasing Pipeline
Sequential increase in Core physical occupancy by 140 basis points and a signed not yet open pipeline representing over 5% of Core ABR.
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AKR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AKR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $23.75 | $24.08 | +1.39% |
| Oct 28, 2024 | $23.82 | $24.40 | +2.43% |
| Jul 30, 2024 | $20.96 | $21.29 | +1.57% |
| Apr 29, 2024 | $17.14 | $16.83 | -1.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Acadia Realty Trust (AKR) report earnings?
Acadia Realty Trust (AKR) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Acadia Realty Trust (AKR) earnings time?
Acadia Realty Trust (AKR) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AKR EPS forecast?
AKR EPS forecast for the fiscal quarter 2025 (Q1) is 0.06.
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