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Acadia Realty Trust (AKR)
NYSE:AKR
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.09Last Year’s EPS
-$0.02Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: -0.50%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook with strong internal and external growth, significant leasing activity, and a robust balance sheet. However, challenges remain with occupancy levels and dependency on external growth for earnings accretion.Company Guidance
During Acadia Realty Trust's Q3 2024 earnings call, the management provided robust guidance across several metrics, underscoring a positive outlook. The company highlighted a strong internal growth trajectory, achieving over 6% same-store net operating income growth for the past three years, and anticipates this trend to continue. They discussed a strategic acquisition plan with $270 million in new assets, expanding their core portfolio, and projecting these acquisitions to contribute over 1% earnings accretion upon closing and close to 3% upon stabilization in 2027-2028. The call also emphasized maintaining a strong balance sheet, with a debt-to-EBITDA ratio reduced to 5.6x, and no significant core debt maturities until 2028. Additionally, the company showcased significant leasing achievements with a record $7 million in core leases signed during the quarter, contributing to a $10 million signed-not-yet-open pipeline. Overall, Acadia's guidance reflects strategic growth initiatives, both internally and through external acquisitions, supported by a solid financial foundation.Strong Same-Store NOI Growth
Acadia Realty Trust reported over 6% same-store NOI growth for the past 3 years, with expectations of continued growth.
Successful Acquisitions
Closed or under contract for $270 million of acquisitions in key markets like Manhattan and Brooklyn with expected earnings accretion of over 1% upon closing.
Record Leasing Activity
Signed a record $7 million in core leases in Q3, with a pipeline of $10 million in signed not yet open leases.
Strong Balance Sheet
Secured over $1 billion in debt and equity capital, reducing debt-to-EBITDA to 5.6x and no major debt maturities until 2028.
Expansion in Henderson, Dallas
Kicked off a new phase of retail development with an expected yield on cost north of 8% upon stabilization.
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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 |
|---|---|---|---|
| Oct 28, 2024 | $24.01 | $24.60 | +2.46% |
| Jul 30, 2024 | $21.12 | $21.46 | +1.61% |
| Apr 29, 2024 | $17.28 | $16.96 | -1.85% |
| Feb 13, 2024 | $16.29 | $16.12 | -1.04% |
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 Feb 18, 2025, TBA Not Confirmed.
What is Acadia Realty Trust (AKR) earnings time?
Acadia Realty Trust (AKR) earnings time is at Feb 18, 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 2024 (Q4) is $0.09.
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