earnings
confidence high
sentiment positive
materiality 0.75
Acadia Realty Q3 FFO $0.32/share; Core same-property NOI +5.9%; $150M accretive acquisitions closed
ACADIA REALTY TRUST
2024-Q3 EPS reported
$0.12
revenue$266,355,000
- GAAP net earnings $0.07 per share; FFO before special items $0.32 per share (includes $0.02 realized gain on Albertsons stock).
- Core same-property NOI grew 5.9% YoY; Core occupancy 94.7% leased, 91.7% occupied.
- Completed ~$150M of Core and Investment Management acquisitions; pipeline increased to ~$425M.
- Raised ~$320M of common equity; expanded credit facility to $525M; repaid $175M term loan; issued $100M private notes.
- Core Signed Not Open pipeline increased to ~$10M ABR (7% of in-place rents); record new lease volume of $7M.