secwatch.observer — SEC 8-K summary
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Issuer:     ACADIA REALTY TRUST (AKR)
CIK:        0000899629
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000950170-23-037166
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899629/000095017023037166/0000950170-23-037166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899629/000095017023037166/akr-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037166

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