earnings
confidence high
sentiment positive
materiality 0.75
Acadia Realty Trust reports Q4 net loss $0.02/sh; full-year NOI +5.8%
ACADIA REALTY TRUST
2023-FY EPS reported
$0.20
revenue$338,692,000
- Full-year 2023 same-property NOI growth 5.8%; new lease cash rent spreads 44%.
- Q4 NAREIT FFO $0.26/sh; FFO Before Special Items $0.28/sh.
- 2024 guidance: FFO Before Special Items $1.24-$1.32/sh, same-property NOI growth 5-6%.
- Post-quarter equity raise of ~$113M net proceeds from 6.9M shares.
- Core portfolio 95.0% leased, 93.0% occupied as of Dec 31, 2023.