secwatch.observer — SEC 8-K summary
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Issuer:     ACADIA REALTY TRUST (AKR)
CIK:        0000899629
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0000950170-22-015149
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acadia Q2 FFO Before Special Items $0.32, beats expectations; raises FY guidance
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- Net loss $0.4M ($0.00 per share); NAREIT FFO $0.23; FFO Before Special Items $0.32 per share.
- Core Portfolio same-property NOI up 4.8% Q2 and 7.1% YTD; GAAP leasing spreads 15.4%, cash spreads 4.3%.
- FY2022 FFO Before Special Items guidance raised to $1.20-$1.32 per share (from $1.17-$1.32); EPS guidance $0.27-$0.36.
- Completed $85M Core acquisition in Dallas; refinanced City Point for ~$200M with interest savings >150 bps.
- Balance sheet: 90% of Core debt fixed; closed $175M and $75M unsecured term loans to repay revolver.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899629/000095017022015149/0000950170-22-015149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899629/000095017022015149/akr-20220802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-015149

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