--- schema_version: "secwatch.filing_event.v1" accession: "0000950170-23-018301" form_type: "8-K" ticker: "AKR" cik: "0000899629" company_name: "ACADIA REALTY TRUST" filed_at: "2023-05-05T23:59:59+00:00" generated_at: "2026-06-15T18:59:54.729827+00:00" event_type: "earnings" sentiment: "positive" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Acadia Realty Trust Q1 FFO $0.40/share; raises full-year guidance ## Summary - Net earnings $0.14/sh; NAREIT FFO $0.40/sh; FFO Before Special Items $0.40/sh. - Core Portfolio same-property NOI up 7.0% YoY, driven by Street portfolio rent growth. - GAAP leasing spreads 22.3%, cash spreads 9.9% on 17 leases totaling ~55k sq ft. - Raised 2023 guidance: net EPS to $0.16-$0.23, NAREIT FFO to $1.19-$1.26. - Received $11.3M Albertsons Special Dividend ($0.11/sh); Fund V closed $62.1M acquisition. ## SEC filing metadata - accession: 0000950170-23-018301 - form_type: 8-K - ticker: AKR - cik: 0000899629 - company_name: ACADIA REALTY TRUST - filed_at: 2023-05-05T23:59:59+00:00 - event_type: earnings - sentiment: positive - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 2.02, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/899629/000095017023018301/0000950170-23-018301-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/899629/000095017023018301/akr-20230502.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950170-23-018301 - JSON: https://secwatch.observer/filing/0000950170-23-018301.json - Plain text: https://secwatch.observer/filing/0000950170-23-018301.txt ## Key facts - Earnings Releases ACADIA REALTY TRUST reported the quarter ended March 31, 2023 results: EPS $0.14. Guidance raised. - Period: the quarter ended March 31, 2023 - EPS: $0.14 - Guidance: raised - Result: reported results source text: Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today reported operating results for the quarter ended March 31, 2023. For the quarter ended March 31, 2023, net earnings per share was $0.14. evidence_url: https://www.sec.gov/Archives/edgar/data/899629/000095017023018301/0000950170-23-018301-index.htm - Shareholder Votes ACADIA REALTY TRUST shareholders approved Advisory (Non-Binding) Approval on Frequency of Vote on Named Executive Officer Compensation at the 2023-05-04 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-05-04 source text: Proposal No. 5: Advisory (Non-Binding) Approval on Frequency of Vote on Named Executive Officer Compensation 84,607,211 3,718 3,379,523 23,533 1,995,984 evidence_url: https://www.sec.gov/Archives/edgar/data/899629/000095017023018301/0000950170-23-018301-index.htm - Shareholder Votes ACADIA REALTY TRUST shareholders approved Approval of the Company’s Amended and Restated 2020 Share Incentive Plan at the 2023-05-04 meeting. - Proposal: equity plan - Outcome: passed - Meeting: 2023-05-04 source text: Proposal No. 4: Approval of the Company’s Amended and Restated 2020 Share Incentive Plan 82,446,745 5,535,351 31,889 1,995,984 evidence_url: https://www.sec.gov/Archives/edgar/data/899629/000095017023018301/0000950170-23-018301-index.htm - Shareholder Votes ACADIA REALTY TRUST shareholders approved Election of Trustees at the 2023-05-04 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-05-04 source text: Proposal No. 1 - Election of Trustees: Proposal 1a - Election of Trustee: Kenneth F. Bernstein 87,576,623 433,824 3,538 1,995,984 Proposal 1b - Election of Trustee: Douglas Crocker II 86,044,720 1,965,942 3,323 1,995,984 Proposal 1c - Election of Trustee: Mark A. Denien 87,694,890 314,735 4,360 1,995,984 Proposal 1d - Election of Trustee: Kenneth A. McIntyre 86,798,340 1,211,391 4,254 1,995,984 Proposal 1e - Election of Trustee: William T. Spitz 83,757,595 4,252,044 4,346 1,995,984 Proposal 1f - Election of Trustee: Lynn C. Thurber 87,400,994 608,753 4,238 1,995,984 Proposal 1g - Election of Trustee: Lee S. Wielansky 85,233,353 2,776,258 4,374 1,995,984 Proposal 1h - Election of Trustee: Hope B. Woodhouse 87,059,099 950,551 4,335 1,995,984 Proposal 1i - Election of Trustee: C. David Zoba 76,158,670 11,851,065 4,250 1,995,984 evidence_url: https://www.sec.gov/Archives/edgar/data/899629/000095017023018301/0000950170-23-018301-index.htm - Shareholder Votes ACADIA REALTY TRUST shareholders approved Advisory (Non-Binding) Approval of Named Executive Officer Compensation at the 2023-05-04 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-05-04 source text: Proposal No. 3: Advisory (Non-Binding) Approval of Named Executive Officer Compensation 82,470,251 5,508,153 35,581 1,995,984 evidence_url: https://www.sec.gov/Archives/edgar/data/899629/000095017023018301/0000950170-23-018301-index.htm - Shareholder Votes ACADIA REALTY TRUST shareholders approved Ratification of the Appointment of BDO USA, LLP as the Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2023 at the 2023-05-04 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-05-04 source text: Proposal No. 2 - Ratification of the Appointment of BDO USA, LLP as the Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2023 89,037,630 961,138 11,201 evidence_url: https://www.sec.gov/Archives/edgar/data/899629/000095017023018301/0000950170-23-018301-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.