Earnings ·
Acadia Realty Trust reported second quarter 2026 results, posting GAAP net earnings of $0.05 per share and FFO As…
AKRAcadia Realty Trust
Acadia Realty Trust reported second quarter 2026 results, posting GAAP net earnings of $0.05 per share and FFO As Adjusted of $0.31 per share. The company raised its full-year 2026 guidance, increasing GAAP net earnings to $0.40-$0.41 per share and FFO As Adjusted to $1.24-$1.26 per share. REIT Portfolio same-property NOI grew 8.7%, driven by a 15.6% increase in street retail. Year-to-date, the company completed approximately $652 million in accretive acquisitions, including $228 million in the REIT Portfolio. It also raised approximately $200 million through a common equity offering and settled forward equity contracts for $72.1 million. Additionally, the company amended and upsized its corporate credit facility to $1.425 billion. Acadia Realty Trust is a real estate investment trust that owns and operates a portfolio of street and open-air retail properties in dynamic retail corridors.