Earnings Releases·Nov 2, 2026, 8:11 AM ET

Acadia Realty Trust — Third Quarter 2026 Earnings Summary

GAAP net loss of $0.03 per share resulted from an $11.7 million non-cash impairment charge, while NAREIT FFO rose 15% year-over-year to $0.30 per share and FFO As Adjusted increased to $0.31 per share.
Full-year net earnings per share guidance was revised downward to $0.29-$0.30 from $0.40-$0.41, though NAREIT FFO ($1.19-$1.21) and FFO As Adjusted ($1.24-$1.26) guidance were maintained.
The company completed $152 million in accretive street retail acquisitions during the quarter and reported 15.2% same-property NOI growth in the street retail segment, the strongest in company history.
Management expects strong internal growth to continue into 2027, with Henderson Avenue development tenant openings anticipated in 2027 and full-year same-property NOI growth projected at 7.5% to 8.5%.
Capital activities included settling 0.8 million forward equity shares for $15.6 million, with $351 million remaining in unsettled contracts, and a subsequent October 2026 financing amendment adding $20 million to a Brooklyn property.