earnings
confidence high
sentiment positive
materiality 0.70
Acadia Realty Q4 FFO before special items $0.29/sh beats; dividend raised 20% to $0.18; 2022 FFO guidance $1.15-1.31
ACADIA REALTY TRUST
2022-FY EPS reported
$0.26
revenue$292,497,000
- Q4 GAAP EPS $0.03, FFO $0.28/sh, FFO before special items $0.29/sh; same-property NOI up 3.2%.
- Board increased quarterly dividend 20% to $0.18/share, payable April 14 to holders of record March 31.
- 2022 guidance: EPS $0.19-0.32, FFO before special items $1.15-1.31, same-property NOI growth 4%-6%.
- Completed ~$138M of acquisitions in Q4/early 2022: Core $66M (Street retail) and Fund V $72M (grocery-anchored).
- Core Portfolio GAAP leasing spreads 59.9%, cash 49.5%; leased rate rose to 93.2% from 92.6% prior quarter.