secwatch.observer — SEC 8-K summary
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Issuer:     ACADIA REALTY TRUST (AKR)
CIK:        0000899629
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0000950170-23-056430
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acadia Realty Q3 net loss $0.02/share, FFO $0.26; same-property NOI up 5.8%
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- Net loss of $1.7M ($0.02/share) vs loss of $57.9M ($0.61) in prior year; impairment of $3.7M on Fund asset.
- NAREIT FFO $0.26/share; FFO Before Special Items $0.27/share, including $2.4M realized investment gains.
- Core same-property NOI grew 5.8% in Q3 and 5.9% YTD; portfolio 95.3% leased, 92.4% occupied.
- Signed new street leases in Soho/Williamsburg with cash spreads 45%-95% totaling over $4M annual base rents.
- Updated 2023 FFO guidance: NAREIT FFO $1.32-$1.35; FFO Before Special Items $1.29-$1.32; mid-point above 5% YoY growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899629/000095017023056430/0000950170-23-056430-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899629/000095017023056430/akr-20231030.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-056430

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