Education
About Us
Working with TipRanks
Follow Us
Acadia Realty Trust (AKR)
NYSE:AKR
Earnings Data
Report Date
May 04, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.01Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational and financial narrative: solid same-property NOI growth, high leasing activity with outsized rent spreads on street assets, significant acquisition and redevelopment momentum, and a well-capitalized balance sheet with dry powder. Management highlighted clear 2026 guidance while emphasizing multiple drivers for multi-year growth (lease-up, mark-to-market, redevelopments, Henderson Avenue). Headwinds and risks cited include timing of rent commencements (each month ≈ $750k impact), conservative credit-loss assumptions, remaining occupancy below historic peaks, increased acquisition competition, and execution risk around accelerating mark-to-market opportunities. On balance, the positive operational results, robust pipeline, and balance-sheet flexibility substantially outweigh the execution and timing risks noted.Company Guidance
Strong Same-Property NOI and Earnings
Reported same-property NOI growth of 6.3% in Q4 and 5.7% for the full year 2025; GAAP EPS of $0.34 in Q4 (includes $0.03 Albertsons gain) and an adjusted run-rate of $0.30 for the quarter (excluding one-time items), up from a $0.29 comparable run-rate in Q3.
Exceptional Street Leasing Performance and Rent Spreads
Street portfolio delivered average mark-to-market spreads in excess of 50%; notable signed spreads included UGG on North 6th Street (72%), Melrose Place (60%), Newbury Street (58%), and a Soho pryloss transaction at a 51% spread.
Robust Tenant Sales and Sales-driven Rent Upside
Year-over-year tenant sales on street assets ranged roughly 10% to as high as 30–40% in some markets, providing a strong foundation for continued rent growth and mark-to-market upside.
Occupancy Recovery and Embedded Upside
Economic shop occupancy rose from ~81% at end of 2021 to over 90% today (≈ +900 bps since 2021); REIT economic occupancy increased to 93.9% and street & urban occupancy increased ~80 bps in Q4 and ~370 bps over 2025, implying meaningful embedded NOI upside as remaining vacancy is leased.
Active Acquisition and Investment Activity
Closed over $1.3 billion of acquisitions in the past 24 months (including >$500M of street retail for the REIT and >$800M of value-add for the investment management platform); 2025 and to-date acquisitions near $1 billion with ~ $400M in REIT transactions; ~ $150M of street-retail deals currently under agreement (expected to close in Q1).
Pipeline and Near-Term Leasing Momentum
Signed-not-open and advanced-negotiation leasing pipeline of roughly $8.9–$9+ million ABR (about 4% of in-place rents); management expects ~ $4M of ABR to be reflected in 2026 NOI and the remaining ~$4.9M in 2027; AJ noted the pipeline of deals in advanced negotiation exceeds $9M, up ~$1M sequentially.
Clear 2026 Guidance and Multi-Year Targets
2026 FFO as adjusted guidance of $1.21–$1.25; same-property NOI guidance of +5% to +9% (ex-redevelopments) with Street expected to outperform Suburban by ~400 bps; total pro rata NOI expected to increase ~15% to ~$230M (midpoint) vs ~$200M in 2025.
Healthy Balance Sheet and Liquidity
Pro rata debt/EBITDA ~5x, weighted average borrowing cost ~4.5%, no material 2026 maturities, and several $100M of available capacity ('dry powder'); Henderson development fully funded and debt markets accessible at attractive spreads per management.
High-Impact Redevelopment and Development Pipeline
Redevelopment pipeline includes $3.5M of executed leases expected online late 2026 (largely two San Francisco projects); management estimates those two projects could add $7–$9M NOI (≈ 3–5¢ FFO) beyond 2026; Henderson Avenue development expected to stabilize in 2027–28 and deliver a high-single-digit yield on cost (3–5¢ FFO upon stabilization for phase one).
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
AKR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | $21.43 | $20.54 | -4.15% |
Oct 28, 2025 | $19.12 | $19.09 | -0.16% |
Jul 29, 2025 | $18.94 | $18.43 | -2.72% |
Apr 29, 2025 | $19.14 | $18.71 | -2.25% |
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.
FAQ
When does Acadia Realty Trust (AKR) report earnings?
Acadia Realty Trust (AKR) is schdueled to report earning on May 04, 2026, After Close (Confirmed).
What is Acadia Realty Trust (AKR) earnings time?
Acadia Realty Trust (AKR) earnings time is at May 04, 2026, After Close (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 2026 (Q1) is 0.06.