Acadia Realty Trust Q1 revenue beats estimates, raises 2026 EPS outlook

Acadia Realty Trust

28/04/2026 21:26

Overview

U.S. retail REIT's Q1 revenue beat analyst expectations

FFO As Adjusted per share up 11% yr/yr to $0.30

Company raised 2026 guidance for EPS and FFO As Adjusted

Outlook

Acadia Realty Trust raises 2026 EPS guidance to $0.37-$0.39 from $0.24-$0.26

Company lifts 2026 FFO As Adjusted guidance to $1.22-$1.26 per share

Acadia Realty Trust reaffirms 2026 same-property NOI growth guidance of 5-9%

Result Drivers

STREET AND URBAN RETAIL GROWTH - Same-property NOI rose 5.9%, driven by 7.0% growth in the street and urban retail portfolio

STRONG LEASING SPREADS - New leases delivered GAAP and cash leasing spreads of 50% and 31%, respectively

PROPERTY SALES GAINS - Net income benefited from gains on sale of properties, which contributed $0.22 per share

Company press release: ID:nBw92lncka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$102.99 mln
$94.21 mln (4 Analysts)
Q1 EPS
$0.22
Q1 Net Income
$139.11 mln
Q1 Basic EPS
$0.22
Q1 Operating Income
$158.51 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "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 8.3% above its April 27 closing price of $21.24

The stock recently traded at 81 times the next 12-month earnings vs. a P/E of 68 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)