Acadia Realty Q2 NAREIT FFO $0.37 beats; raises FY guidance to $1.28-$1.36

ACADIA REALTY TRUST

2023-Q2 EPS reported $0.23 revenue$171,787,000

NAREIT FFO per share $0.37 vs $0.23 YoY; FFO Before Special Items $0.36 vs $0.32.
Same-property NOI up 5.0% in Core Portfolio; GAAP leasing spreads 21.6%, cash 13.1%.
Non-recurring $7.8M gain from Bed Bath & Beyond lease termination; guidance increased $0.02-$0.03 on leasing/collections.
Core Portfolio 95.2% leased; Fund V acquired $49.4M Tampa property post-quarter.
~96% of core debt fixed at 4.28% blended rate; only 3.7% maturing in 2023.

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 0.95

ACADIA REALTY TRUST reported the quarter ended June 30, 2023 results: EPS $0.09. Guidance raised.

Period: the quarter ended June 30, 2023
EPS: $0.09
Guidance: raised
Result: reported results

Exact text from the filing

Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today reported operating results for the quarter ended June 30, 2023. For the quarter ended June 30, 2023, net earnings per share was $0.09.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ACADIA REALTY TRUST reported the six months ended June 30, 2023 results: EPS $0.23. Guidance raised.

Period: the six months ended June 30, 2023
EPS: $0.23
Guidance: raised
Result: reported results

Exact text from the filing

and for the six months ended June 30, 2023, net earnings per share was $0.23.

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ACADIA REALTY TRUST filing history →

Source: SEC EDGAR

accession 0000950170-23-037166

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