earnings
confidence high
sentiment positive
materiality 0.78
Acadia Realty Q3 FFO $0.33/sh; same-property NOI +8.2%; guides FY FFO $1.22-1.24
ACADIA REALTY TRUST
2025-Q3 EPS
reported $0.06
vs consensus $0.09
▼ miss
(-34.0%)
- GAAP net earnings $0.03 per share; NAREIT FFO $0.28; FFO Before Special Items $0.33 (vs $0.32 in Q3 2024).
- REIT Portfolio same-property NOI up 8.2% on street retail growth of 13%; occupancy rose 140 bps to 93.6%.
- Completed $63M acquisition of The Avenue at West Cobb; YTD acquisition volume $487M; on track to equal or exceed 2024.
- Pro-rata Net Debt-to-EBITDA reduced to 5.0x from 5.5x; raised ~$212M equity via ATM at avg $19.88/sh on forward basis.
- 2025 guidance: FFO Before Special Items per share $1.22-1.24 (midpoint unchanged); NAREIT FFO revised to $1.20-1.22.