earnings
confidence high
sentiment positive
materiality 0.75
Acadia Realty Q3 2021: FFO before special items $0.27/share, same-store NOI up 7%
ACADIA REALTY TRUST
2022-Q3 EPS reported
$0.23
revenue$213,140,000
- GAAP EPS $0.13 vs net loss of $0.10 in Q3 2020; FFO per share $0.41 including $0.14 Albertsons gain.
- FFO before Special Items $0.27 per share; guidance reaffirmed at $1.05-$1.14 for full-year 2021.
- Same-property NOI increased 7% year-over-year; cash collections reached 97%.
- Core Portfolio 90.3% occupied, 92.6% leased; GAAP leasing spreads +18.5%, cash +10.8%.
- Fund V completed $96M of acquisitions (Canton Marketplace $51M, Monroe Marketplace $45M); $42M structured financing in Soho.