Quarterly ResultApr 29, 2026, 04:43 PM
AKR Q1 Net Income $30.5M; EPS $0.22; $608.8M Property Dispositions
AI Summary
ACADIA REALTY TRUST reported a significant increase in net income attributable to shareholders for Q1 2026, reaching $30.5 million, up from $1.6 million in Q1 2025. Basic income per share rose to $0.22 from $0.01. This improvement was primarily driven by a $142.1 million gain on the disposition of properties, with total dispositions amounting to $608.8 million. The company also acquired four new properties for $78.7 million and reduced mortgage debt by $271.1 million.
Key Highlights
- AKR Q1 2026 net income attributable to shareholders was $30.5M, up from $1.6M YoY.
- Basic income per share increased to $0.22 in Q1 2026 from $0.01 in Q1 2025.
- Gain on disposition of properties totaled $142.1M in Q1 2026.
- Total property dispositions amounted to $608.8M in Q1 2026.
- Acquired four REIT Portfolio retail properties for $78.7M in Q1 2026.
- Reduced mortgage and other notes payable by $271.1M in Q1 2026.
- Net cash provided by operating activities increased to $31.4M from $25.9M YoY.