Quarterly ResultApr 28, 2026, 04:22 PM
AKR Q1 FFO As Adjusted $0.30; Raises FY26 EPS & FFO Guidance
AI Summary
Acadia Realty Trust reported strong Q1 2026 results with FFO As Adjusted of $0.30 per share, up 11% YoY, and GAAP net earnings of $0.22 per share. The company completed approximately $503 million in accretive acquisitions and $504 million in Investment Management platform recapitalizations, recognizing a $0.15 per share gain on sale. AKR also raised its full-year 2026 guidance for EPS to $0.37-$0.39 and FFO As Adjusted to $1.22-$1.26, reflecting continued execution of its dual-platform strategy and strong tenant demand.
Key Highlights
- Q1 FFO As Adjusted $0.30 per share, up 11% from prior-year quarter.
- Q1 GAAP net earnings $0.22 per share, compared to $0.01 in Q1 2025.
- REIT Portfolio same-property NOI increased 5.9% in Q1.
- Completed $503M in accretive acquisitions and $504M in Investment Management recapitalizations.
- Recognized $0.15 per share gain on sale from Investment Management recapitalizations.
- Raised full-year 2026 EPS guidance to $0.37-$0.39 (from $0.24-$0.26).
- Raised full-year 2026 FFO As Adjusted guidance to $1.22-$1.26 (from $1.21-$1.25).
- Increased borrowing capacity on credit facility to $1.425 billion (from $1.175 billion).