secwatch.observer — SEC 8-K summary
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Issuer:     ACADIA REALTY TRUST (AKR)
CIK:        0000899629
Form:       8-K
Filed at:   2022-11-04T23:59:59+00:00
Accession:  0000950170-22-022055
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acadia Realty Q3 core FFO $0.28, net loss $0.61 on impairments; raises core FFO guidance
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- FFO Before Special Items per share $0.28, up from $0.27 YoY; NAREIT FFO $0.24 vs $0.41 due to Albertsons loss.
- Core Portfolio same-property NOI grew 5.4% in Q3, 6.6% YTD, above initial 4-6% guidance.
- Non-cash impairments of $58.5M ($0.58/share) on Chicago Magnificent Mile and San Francisco Union Square properties.
- FY 2022 FFO Before Special Items guidance raised to $1.28-$1.30; net loss guidance ($0.19)-($0.14).
- GAAP leasing spreads 27.4%, cash 21.2%; leased rate 94.3%; City Point ownership increased to 62%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899629/000095017022022055/0000950170-22-022055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899629/000095017022022055/akr-20221101.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-022055

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