secwatch.observer — SEC 8-K summary
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Issuer:     ACADIA REALTY TRUST (AKR)
CIK:        0000899629
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0000950170-24-087873
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acadia Realty Trust Q2 FFO $0.31; raises 2024 guidance and dividend
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- GAAP net earnings $0.01 per share; FFO Before Special Items $0.31 per share.
- Core same-property NOI grew 5.5%, driven by ~12% growth in Street Portfolio.
- Increased full-year 2024 FFO Before Special Items guidance to $1.26-$1.32/share (from $1.24-$1.32).
- Quarterly dividend raised 5.6% to $0.19 per share, payable Oct 15, 2024.
- Announced $100M private placement of unsecured notes at 5.94% (5yr) and 5.86% (3yr).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/899629/000095017024087873/0000950170-24-087873-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/899629/000095017024087873/akr-20240730.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-087873

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer