---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-049964"
form_type: "8-K"
ticker: "AKR"
cik: "0000899629"
company_name: "ACADIA REALTY TRUST"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T06:06:17.718163+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Acadia Realty Q1 FFO Before Special Items $0.33; Same-Property NOI up 5.7%

## Summary
- GAAP net earnings $0.03 per share (down from $0.14 Q1 2023); NAREIT FFO $0.28 per share.
- FFO Before Special Items $0.33 per share; includes $0.04 realized gains from Albertsons stock sale.
- Same-property NOI grew 5.7% driven by Street Portfolio; Core cash rent spreads 16% (37% on D.C. street lease).
- Core Portfolio 94.4% leased; SNO pipeline $7.7M annual base rents (5.5% of in-place). Reaffirmed 2024 FFO guidance.
- Extended $750M unsecured credit facility to 2028 at same pricing; core net debt-to-EBITDA improved to 6.1x.

## SEC filing metadata
- accession: 0000950170-24-049964
- form_type: 8-K
- ticker: AKR
- cik: 0000899629
- company_name: ACADIA REALTY TRUST
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/899629/000095017024049964/0000950170-24-049964-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/899629/000095017024049964/akr-20240429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-049964
- JSON: https://secwatch.observer/filing/0000950170-24-049964.json
- Plain text: https://secwatch.observer/filing/0000950170-24-049964.txt

## Key facts
- Earnings Releases
  ACADIA REALTY TRUST reported quarter ended March 31, 2024 results: net income $3.0 million, or $0.03 per share. Guidance reaffirmed.
  - Period: quarter ended March 31, 2024
  - Net income: $3.0 million, or $0.03 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: On April 29, 2024, Acadia Realty Trust (the “Company”) issued a press release announcing its consolidated financial results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/899629/000095017024049964/0000950170-24-049964-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.