Acadia Realty Trust ( (AKR) ) has released its Q4 earnings. Here is a breakdown of the information Acadia Realty Trust presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Acadia Realty Trust is an equity real estate investment trust that focuses on owning and operating a high-quality portfolio of street and open-air retail properties in major U.S. retail corridors and managing opportunistic and value-add investments through its institutional co-investment vehicles.
Acadia Realty Trust has reported robust earnings for the fourth quarter and full year of 2024, demonstrating significant growth in core same-property net operating income and an increase in its quarterly dividend. The company’s strategic acquisitions and strong performance in key retail markets have been pivotal in achieving these results.
Key financial highlights include a GAAP net earnings of $0.07 per share and Funds From Operations (FFO) Before Special Items of $0.32 per share in the fourth quarter. The company achieved a 5.7% growth in same-property NOI, driven by a 12% increase in its street portfolio. Acadia completed approximately $611 million in acquisitions, enhancing its presence in New York City and Washington D.C., and strengthened its balance sheet by raising significant equity.
Looking ahead, Acadia projects a 5.5% growth in FFO for 2025 and anticipates continuing its momentum with projected same-property NOI growth of 5-6%. The company remains optimistic about its ability to deliver strong internal and accretive external growth, supported by its strategic acquisitions and robust core portfolio performance.
