Acadia Realty Trust
NYSE:AKR

Watchlist Manager
Acadia Realty Trust Logo
Acadia Realty Trust
NYSE:AKR
Watchlist
Price: 21.98 USD -3.64% Market Closed
Market Cap: 2.6B USD

Acadia Realty Trust
Investor Relations

Acadia Realty Trust, an enterprise woven into the fabric of the retail real estate sector, operates with a strategic focus that blends long-term investment potential with hands-on management. Established in 1998, Acadia has crafted a significant presence through its dual-platform structure. This comprises its core portfolio of street and urban properties, along with a series of opportunistic investment funds. The company's core portfolio is primarily driven by prime retail properties in bustling urban locations, generating consistent cash flows through stable lease agreements. These properties are not merely fixtures of architecture but are carefully curated to align with the evolving dynamics of consumer behavior and community trends, thereby reinforcing their value.

The heart of Acadia’s business model lies in its dual-platform approach. On one hand, it capitalizes on its core urban assets for reliable income, fostering relationships with diverse retailers that range from local businesses to national brands. On the other hand, Acadia skillfully maneuvers through its series of investment funds. These funds allow the company to adopt an opportunistic lens, targeting underperforming properties with high potential for redevelopment or repositioning, thereby unlocking hidden value. Income is drawn from both ends: stable rents from core properties and capital returns from value-add investments. This model allows Acadia to balance the stability of consistent rental income with the potential for lucrative returns, using strategic market insights to navigate through the complexities of the retail real estate landscape.

Show more
Loading

Earnings Calls

2024 Q3
Oct 28, 2024
Show Transcript
Previous
Next
Acadia Realty Trust experiences strong growth and strategic acquisitions.
2024 Q3
Oct 28, 2024

In the third quarter, Acadia Realty Trust reported a solid performance with funds from operations at $0.32 per share, reflecting a 20% year-over-year increase. Internal growth exceeded expectations, with same-store NOI growing by 5.9%. The company maintained a strong balance sheet, lowering its debt-to-EBITDA ratio to 5.6x while increasing its revolver capacity to $525 million. They closed $270 million in acquisitions, yielded in the mid-6% range, projecting 1% earnings accretion upon closing. With guidance of $0.32 to $0.34 for Q4 and anticipated incremental $11.6 million in revenue, Acadia’s strategy positions them for sustained growth.

Show Full Analysis

Management

Mr. Reginald Livingston
Executive VP & Chief Investment Officer
No Bio Available
Mr. Richard M. Hartmann
Chief Accounting Officer & Senior VP
No Bio Available
Ms. Heather Moore Esq.
Senior VP of Leasing Operations & Chief Compliance Officer
No Bio Available
Ms. Lesley Valente
Vice President of Human Resources
No Bio Available
Mr. Michael L. Nelsen Sr.
Senior Vice President of Accounting & Financial Principal
No Bio Available
Mr. Joseph Hogan
Senior VP & Director of Construction
No Bio Available
Mr. Mark O'Connor
Senior Vice President of Property Management
No Bio Available
Mr. Nishant Sheth
Senior Analyst of Capital Markets & Investments
No Bio Available
Mr. Alexander J. Levine
Senior Vice President of Leasing & Development
No Bio Available
Rielle Indya Green
Director of ESG
No Bio Available

Contacts

Address
NEW YORK
Rye
411 Theodore Fremd Ave Ste 300
Contacts
+19142888100.0
www.acadiarealty.com