earnings
confidence high
sentiment positive
materiality 0.85
Acadia Realty Trust Q1 2022 earnings beat; raises FFO guidance
ACADIA REALTY TRUST
2023-Q1 EPS reported
$0.18
revenue$81,507,000
- GAAP EPS $0.18, FFO per share $0.36, FFO Before Special Items $0.33; above expectations.
- Same-property NOI increased 9.7% YoY; Core Portfolio leased rate rose to 94.1% from 93.2%.
- Completed ~$380M in investments: $250M Core street acquisitions, $130M Fund V buy.
- Raised 2022 FFO Before Special Items guidance to $1.17-$1.32 from $1.15-$1.31.
- Raised $123.9M via ATM at ~$22.50/share; entered $175M five-year term loan.