Acadia Realty Trust's Q3 revenue beats expectations driven by retail growth

Acadia Realty Trust

28/10/2025 20:33

Overview

Acadia Realty Q3 revenue beats analyst expectations, driven by street retail portfolio growth

Company completed $63 mln acquisition, total YTD acquisition volume at $487 mln

Reduced net debt-to-EBITDA ratio to 5.0x, raised $212 mln equity for projects

Outlook

Acadia maintains 2025 FFO Before Special Items guidance at $1.32-$1.34 per share

Acadia revises 2025 net earnings guidance to $0.12-$0.14 per share

Company expects 2025 acquisition volume to meet or exceed 2024 levels

Result Drivers

STREET RETAIL GROWTH - Same-property NOI increased 8.2%, driven by 13% growth in street retail portfolio

LEASING SPREADS - Achieved GAAP and cash leasing spreads of 29% and 12% on new and renewal leases, respectively

OCCUPANCY INCREASE - Increased REIT Portfolio occupancy by 140 basis points to 93.6%, driven by street retail leasing

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$101 mln
$91.70 mln (3 Analysts)
Q3 EPS
$0.03
Q3 Net Income
-$10.95 mln
Q3 Basic EPS
$0.03
Q3 FFO Per Share
$0.28
Q3 Operating Income
$12.68 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Acadia Realty Trust is $23.00, about 13.7% above its October 27 closing price of $19.84

The stock recently traded at 58 times the next 12-month earnings vs. a P/E of 53 three months ago

Press Release: ID:nBw9kYwvFa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)