Acadia Realty Trust Q2 revenue up; raises FY2026 net earnings forecast
Acadia Realty Trust Q2 revenue up; raises FY2026 net earnings forecast
Overview
U.S. retail REIT's Q2 revenue rose and beat analyst expectations
Q2 FFO As Adjusted per share rose to $0.31 from $0.28 last year
Company raised full-year 2026 guidance for net earnings and FFO As Adjusted
Outlook
Acadia Realty Trust raised 2026 net earnings guidance to $0.40-$0.41 per share from $0.37-$0.39
Company now sees 2026 FFO As Adjusted at $1.24-$1.26 per share, up from $1.22-$1.26
Result Drivers
STREET RETAIL PERFORMANCE - Co said 8.7% same-property NOI growth was primarily driven by 15.6% growth in its street retail portfolio
LEASING ACTIVITY - Record new leasing volume, especially in street and urban retail, produced high cash leasing spreads on new leases
PROPERTY SALES - Increase in net income was primarily due to a gain on sale of properties in 2026
Company press release: ID:nBwbrPxmwa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $95.42 mln | $88.38 mln (4 Analysts) |
Q2 EPS |
| $0.05 |
|
Q2 Net Income |
| $22.83 mln |
|
Q2 Basic EPS |
| $0.05 |
|
Q2 Consolidated Operating Income |
| $22.67 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 $24.00, about 7.2% above its July 27 closing price of $22.39
The stock recently traded at 66 times the next 12-month earnings vs. a P/E of 74 three months ago
Reuters Recommended Reads
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July 27 - Welltower raises 2026 FFO forecast on senior housing demand
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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.)