Acadia Realty Trust reports Q4 2022 FFO Before Special Items $0.27; guides 2023 FFO $1.17-$1.26

ACADIA REALTY TRUST

2022-FY EPS reported -$0.40 revenue$326,290,000

Q4 2022 NAREIT FFO $0.21/share; FFO Before Special Items $0.27/share; net income $3.8M ($0.04/share).
Full year 2022 net loss $38.1M ($0.40/share) due to $58.5M impairment and $15.2M unrealized loss on Albertsons.
Core Portfolio same-property NOI growth 5.7% in Q4 and 6.3% for full year, exceeding 4-6% guidance.
Leased rate 94.9%, occupied 92.7% as of Dec 31, 2022; GAAP leasing spreads 10.2% on renewals.
2023 guidance: EPS $0.14-$0.23, FFO Before Special Items $1.17-$1.26, same-property NOI growth 5-6%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACADIA REALTY TRUST reported the quarter and year ended December 31, 2022 results: net income net earnings per share was $0.04 and for the year ended December 31, 2022, net loss per share was $0.40, EPS $0.04.

Period: the quarter and year ended December 31, 2022
Net income: net earnings per share was $0.04 and for the year ended December 31, 2022, net loss per share was $0.40
EPS: $0.04
Result: reported results

Exact text from the filing

Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today reported operating results for the quarter and year ended December 31, 2022. For the quarter ended December 31, 2022, net earnings per share was $0.04 and for the year ended December 31, 2022, net loss per share was $0.40

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Source: SEC EDGAR

accession 0000950170-23-003255

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