earnings
confidence high
sentiment positive
materiality 0.80
Acadia Realty Trust Reports Q2 2025 Operating Results with FFO Growth and Accretive Acquisitions
ACADIA REALTY TRUST
2025-Q2 EPS
reported $0.02
vs consensus $0.09
▼ miss
(-78.5%)
- Reported Q2 2025 GAAP net earnings of $0.01 per share; NAREIT FFO increased to $0.27 per share from $0.25 in Q2 2024.
- Reaffirmed Core Same Property NOI Growth guidance of 5-6%; achieved 4.2% growth in Q2; Core occupancy rose 50 bps to 92.2%.
- Completed $157 million of accretive Core Street Retail acquisitions in Q2, including properties in Williamsburg and Flatiron/Union Square.
- Executed a 35,000 sq ft lease with LA Fitness (Club Studio) at 555 9th Street in San Francisco, California.
- Entered a new $250M delayed draw term loan at ~4.6% all-in rate; Net Debt-to-EBITDA improved to 5.5x from 6.3x.
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