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.

Acadia Realty Trust and its operating partnership entered into an underwriting agreement and forward sale agreements with several underwriters and forward purchasers to offer and sell 9,000,000 common shares of beneficial interest. Assuming full physical settlement at an initial forward sale price of $21.80 per share, the company expects to receive net proceeds of approximately $195.6 million to $225.0 million. The proceeds will be used to fund acquisition opportunities or general corporate purposes. Acadia Realty Trust is a real estate investment trust operating in the retail real estate sector.