secwatch.observer — SEC 8-K summary
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Issuer:     ACADIA REALTY TRUST (AKR)
CIK:        0000899629
Form:       8-K
Filed at:   2023-05-05T23:59:59+00:00
Accession:  0000950170-23-018301
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acadia Realty Trust Q1 FFO $0.40/share; raises full-year guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899629/000095017023018301/0000950170-23-018301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899629/000095017023018301/akr-20230502.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-018301

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer