ACADIA REALTY TRUST 8K

Acadia Realty Trust reported strong second-quarter 2026 results, executed significant acquisitions and dispositions, raised equity and expanded its credit facility, and increased full-year 2026 earnings and FFO guidance.

On July 28, 2026, Acadia Realty Trust reported its operating and financial results for the quarter ended June 30, 2026, highlighting a significant year-over-year increase in GAAP net earnings per share to $0.05 and FFO As Adjusted to $0.31, strong 8.7% same-property NOI growth driven by 15.6% growth in street retail, record cash leasing spreads on new leases of 91%, and expansion of its signed-not-opened pipeline to $16.5 million. The company disclosed approximately $652 million of year-to-date accretive acquisitions across its REIT Portfolio and Investment Management platform, including notable street retail acquisitions in Boston, West Hollywood, and Manhattan, along with $107 million of second-quarter investment management dispositions as part of $715 million of year-to-date dispositions and recapitalizations. Acadia also reported raising roughly $200 million of common equity through an underwritten offering and settling previously issued forward equity contracts for $72.1 million, maintaining Net Debt-to-EBITDA (as adjusted) at 5.1x and extending and upsizing its corporate credit facility to $1.425 billion with an accordion to $2.0 billion. Based on strong performance and transaction activity, the company raised its full-year 2026 guidance for GAAP net earnings to $0.40–$0.41 per share and FFO As Adjusted to $1.24–$1.26 per share and announced details of a July 29, 2026 conference call to discuss the results.

Filing Facts

CIK

899629

Ticker

-

Form

8K

Source Type

sec

Accession

0001193125-26-321040

Alert Tier

7