Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual  Core Portfolio and Fund  operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.
IPO Year:
Exchange: NYSE
Website: acadiarealty.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/10/2024 | $27.00 | Neutral → Buy | Compass Point |
6/26/2024 | $18.00 | Underweight → Neutral | JP Morgan |
4/5/2024 | $18.00 → $20.00 | Neutral → Buy | BofA Securities |
1/16/2024 | $18.00 | Buy → Hold | Truist |
1/2/2024 | $15.00 → $20.00 | Hold → Buy | Jefferies |
11/30/2023 | $16.00 | Buy → Neutral | Compass Point |
12/14/2022 | $17.00 → $16.00 | Overweight → Sector Weight | KeyBanc Capital Markets |
9/19/2022 | $17.00 | Neutral → Buy | Citigroup |
6/30/2022 | $25.00 → $15.00 | Buy → Hold | Jefferies |
12/2/2021 | $25.00 → $26.00 | Buy | Truist Securities |
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Monro, Inc. (NASDAQ:MNRO), a leading provider of automotive undercar repair and tire services, today announced that the Company's Board of Directors has appointed Hope B. Woodhouse to the Board, effective immediately. Ms. Woodhouse will serve on the Compensation Committee and the Audit Committee. Monro also announced that Frederick Michael ("Mike") Danziger has retired from the Board, effective February 3, 2023. "We appreciate the constructive dialogue with shareholders and are implementing changes to strengthen Monro and improve our corporate governance," said Robert E. Mellor, Chair of the Board and Chair of the Nominating and Corporate Responsibility Committee. "Refreshment remains a pr
Wendy Luscombe to Retire from Board as Part of Ongoing Board Refreshment Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") today announced the appointment of Hope B. Woodhouse to the Company's Board of Trustees (the "Board") and to the Nominating and Corporate Governance Committee of the Board, effective January 10, 2023. Ms. Woodhouse is a seasoned financial executive with substantial experience in the financial services sector having spent over 25 years in executive management roles at top-ranked, global alternative asset management firms and broker dealers. From 2005 to 2009, she served as Chief Operating Officer and as a member of the management committee of Bridgewater Assoc
Lorrence T. Kellar to Retire from Board as Part of Ongoing Board Refreshment Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") today announced the appointment of Mark Denien to the Company's Board of Trustees (the "Board") and to the Audit Committee of the Board, effective October 11, 2022. Mr. Denien has over 20 years of financial experience in real estate investment, having served multiple executive roles from 2005 to October 2022 at Duke Realty Corporation, a publicly traded REIT in the S&P 500 prior to its recent merger with Prologis. Mr. Denien most recently served as Executive Vice President, Chief Financial Officer of Duke Realty, a role he held since 2013. As Chief Financ
RYE, NY--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today announced the election by the board of trustees of the Company (the “Board”) of Kenneth A. McIntyre as an independent trustee, effective March 1, 2021. Mr. McIntyre was also appointed to the Nominating and Corporate Governance Committee of the Board. This election expands Acadia’s Board to nine trustees, eight of whom are independent. Mr. McIntyre has over 25 years of experience in the commercial real estate industry. He is the Chief Executive Officer of the Real Estate Executive Council (REEC), a trade association for minority executives in the commercial real estate industry, and the fou
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4 - ACADIA REALTY TRUST (0000899629) (Issuer)
4 - ACADIA REALTY TRUST (0000899629) (Issuer)
4 - ACADIA REALTY TRUST (0000899629) (Issuer)
4 - ACADIA REALTY TRUST (0000899629) (Issuer)
4 - ACADIA REALTY TRUST (0000899629) (Issuer)
4 - ACADIA REALTY TRUST (0000899629) (Issuer)
4 - ACADIA REALTY TRUST (0000899629) (Issuer)
4 - ACADIA REALTY TRUST (0000899629) (Issuer)
4 - ACADIA REALTY TRUST (0000899629) (Issuer)
Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") announced today that its Board of Trustees has authorized a cash dividend of $0.19 per common share for the quarter ended December 31, 2024. The quarterly dividend is payable on January 15, 2025 to holders of record as of December 31, 2024. About Acadia Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth. Acadia owns and operates a high-quality core real estate portfolio ("Core" or "Core Portfolio") of street and open-air retail properties in the nation's most dynamic retail corridors, along with an investment management platform that targets opportunistic and value-add
Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") will release its third quarter 2024 earnings prior to the market open on Monday, October 28, 2024. Management will conduct a conference call on Monday, October 28, 2024, at 11:00 AM ET to review the Company's earnings and operating results. Participant registration and webcast information is listed below. Live Conference Call: Date: Monday, October 28, 2024 Time: 11:00 AM ET Participant Call: Third Quarter 2024 Dial-In Participant Webcast: Third Quarter 2024 Webcast Webcast Replay: www.acadiarealty.com/investors under Investors, Presentations, Events & Acquisitions About Acadia Ac
GAAP Net Earnings of $0.01 per share and FFO Before Special Items of $0.31 per share Core Same-Property NOI Growth of 5.5% GAAP and Cash Spreads on New Leases of 82% and 55% Driven by the Street Portfolio Increased Full Year 2024 Guidance of FFO Before Special Items Increased Quarterly Dividend by 5.6% Approximately $150 million of Accretive Core and Investment Management Transactions Completed or in Advanced Stages of Negotiation Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") today reported operating results for the quarter ended June 30, 2024. All per share amounts are on a fully-diluted basis, where applicable. Acadia owns and operates a high-quality core r
Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") will release its second quarter 2024 earnings on Tuesday, July 30, 2024, after market close. Management will conduct a conference call on Wednesday, July 31, 2024, at 11:00 AM ET to review the Company's earnings and operating results. Participant registration and webcast information is listed below. Live Conference Call: Date: Wednesday, July 31, 2024 Time: 11:00 AM ET Participant Call: Second Quarter 2024 Dial-In Participant Webcast: Second Quarter 2024 Webcast Webcast Replay: www.acadiarealty.com/investors under Investors, Presentations, Events & Acquisitions
NEW YORK, May 16, 2024 /PRNewswire/ -- J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT) announced today it acquired a 95% interest in Shops at Grand Avenue, a 99,837-square foot, 100% leased, Class A grocery–anchored shopping center in the Maspeth neighborhood of Queens, NY. This acquisition is part of a strategic joint venture to pursue retail opportunities with Acadia Realty Trust (NYSE:AKR), an equity real estate investment trust. The total purchase price was $48 million (exclusive of closing costs), bringing the total asset value of the JPMREIT portfolio to more than $400 million.
Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") today announced that its Board of Trustees has declared a cash dividend of $0.18 per common share for the quarter ended June 30, 2024. The quarterly dividend is payable on July 15, 2024 to holders of record as of June 28, 2024. About Acadia Acadia Realty Trust is an equity real estate investment trust ("REIT") focused on delivering long-term, profitable growth. Acadia operates a high-quality core real estate portfolio ("Core" or "Core Portfolio"), in the nation's most dynamic retail corridors, along with a fund business ("Funds") that targets opportunistic and value-add investments. Acadia Realty Trust is accomplishing this goal
GAAP Net Earnings of $0.03 FFO Before Special Items of $0.33 Same-Property NOI Growth of 5.7% Driven by the Street Portfolio Street Rent Spreads of 37% (16% Overall Core Portfolio) Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") today reported operating results for the quarter ended March 31, 2024. For the quarter ended March 31, 2024, net earnings per share was $0.03. All per share amounts are on a fully-diluted basis, where applicable. Acadia operates a high-quality core real estate portfolio ("Core" or "Core Portfolio"), in the nation's most dynamic retail corridors, along with a fund business ("Funds") that targets opportunistic and value-add investments. Ken
Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") will release its first quarter 2024 earnings on Monday, April 29, 2024, after market close. Management will conduct a conference call on Tuesday, April 30, 2024, at 11:00 AM ET to review the Company's earnings and operating results. Participant registration and webcast information is listed below. Live Conference Call: Date: Tuesday, April 30, 2024 Time: 11:00 AM ET Participant Call: First Quarter 2024 Dial-In Participant Webcast: First Quarter 2024 Webcast Webcast Replay: www.acadiarealty.com/investors under Investors, Presentations & Events About Acadia Acadia Realty Trust is an equity real estate investment trust ("REIT
Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") today announced that its Board of Trustees has declared a cash dividend of $0.18 per common share for the quarter ended March 31, 2024. The quarterly dividend is payable on April 15, 2024 to holders of record as of March 28, 2024. About Acadia Acadia Realty Trust is an equity real estate investment trust ("REIT") focused on delivering long-term, profitable growth via its dual – Core Portfolio and Fund – operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the n
GAAP Net Earnings of $0.20 in 2023 and Projected 2024 of $0.09-$0.15 Full-Year 2023 Same-Property NOI Growth of 5.8% at the High End of Guidance Full-Year 2023 Core Cash Rent Spreads on New Leases of 44% 2024 Projected Same-Property NOI Growth of 5-6% and FFO of 5% Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") today reported operating results for the quarter and year ended December 31, 2023. For the quarter ended December 31, 2023, net loss per share was $0.02 and for the year ended December 31, 2023, net earnings per share was $0.20. All per share amounts are on a fully-diluted basis, where applicable. Acadia operates a high-quality core real estate portfolio ("Co
Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") announced today that its Board of Trustees has authorized a cash dividend of $0.19 per common share for the quarter ended December 31, 2024. The quarterly dividend is payable on January 15, 2025 to holders of record as of December 31, 2024. About Acadia Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth. Acadia owns and operates a high-quality core real estate portfolio ("Core" or "Core Portfolio") of street and open-air retail properties in the nation's most dynamic retail corridors, along with an investment management platform that targets opportunistic and value-add
NEW YORK, Oct. 29, 2024 /PRNewswire/ -- Cohen & Steers (NYSE:CNS) announced today that funds managed by the Private Real Estate Group of Cohen & Steers and the Investment Management business of Acadia Realty Trust (NYSE:AKR, Acadia", )), a publicly traded owner and operator of retail properties in the U.S., have entered into a joint venture to own The Walk at Highwoods, an open-air community shopping center in Tampa, Florida. The Walk at Highwoods is a 141,000 square foot power center located approximately 20 miles northeast of downtown Tampa in a high-growth suburban area. The center is fully occupied by national and local retailers and tenants including HomeGoods, Michael's, Dunkin', F45
GAAP Net Earnings of $0.07 per share and FFO Before Special Items of $0.32 per share Core Same-Property NOI Growth of 5.9% GAAP and Cash New Leasing Spreads of 73% and 46%, respectively Core Signed Not Open Pipeline Increased to $10 million (Approximately 7% of ABR) Completed Approximately $150 million of Accretive Core and Investment Management Acquisitions and Increased its Pipeline to $425 million Fully-Funded its Completed Acquisitions and Pipeline with Common Equity Proceeds of Approximately $320 million Reduced its Pro-Rata Net Debt-to-EBITDA (Inclusive of Investment Management Share) to 5.6x Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") today reported oper
Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") will release its third quarter 2024 earnings prior to the market open on Monday, October 28, 2024. Management will conduct a conference call on Monday, October 28, 2024, at 11:00 AM ET to review the Company's earnings and operating results. Participant registration and webcast information is listed below. Live Conference Call: Date: Monday, October 28, 2024 Time: 11:00 AM ET Participant Call: Third Quarter 2024 Dial-In Participant Webcast: Third Quarter 2024 Webcast Webcast Replay: www.acadiarealty.com/investors under Investors, Presentations, Events & Acquisitions About Acadia Ac
Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") announced today the pricing of an upsized underwritten offering of 5,000,000 common shares of beneficial interest at a price to the public of $23.25 per share. The underwriters have been granted a 30-day option to purchase up to an additional 750,000 common shares. This reflects an upsizing of the previously announced offering of 4,500,000 common shares. The offering is expected to close on October 2, 2024, subject to customary closing conditions. Wells Fargo Securities, Goldman Sachs & Co. LLC and Jefferies are acting as joint book-running managers for the offering. The Company has entered into forward sale agreements with each of
Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") announced today that it is commencing an underwritten public offering of 4,500,000 of its common shares of beneficial interest in connection with the forward sale agreements described below. Wells Fargo Securities, Goldman Sachs & Co. LLC and Jefferies are acting as joint book-running managers for the offering. The shares may be offered by the underwriters from time to time to purchasers directly or through agents, or through brokers in brokerage transactions on the NYSE, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or at market prices prevail
Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") today announced that it will participate at the BofA Securities 2024 Global Real Estate Conference. BofA Securities 2024 Global Real Estate Conference Acadia will participate at the BofA Securities 2024 Global Real Estate Conference which will be held September 10-12, 2024. Kenneth F. Bernstein, Acadia's President and Chief Executive Officer, is scheduled for a roundtable discussion on Wednesday, September 11, 2024, at 3:45 p.m. ET. The Company's presentation materials will be posted on its website under "Investors - Presentations & Events." Acadia will also host individual meetings with investors during the conference. Abou
GAAP Net Earnings of $0.01 per share and FFO Before Special Items of $0.31 per share Core Same-Property NOI Growth of 5.5% GAAP and Cash Spreads on New Leases of 82% and 55% Driven by the Street Portfolio Increased Full Year 2024 Guidance of FFO Before Special Items Increased Quarterly Dividend by 5.6% Approximately $150 million of Accretive Core and Investment Management Transactions Completed or in Advanced Stages of Negotiation Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") today reported operating results for the quarter ended June 30, 2024. All per share amounts are on a fully-diluted basis, where applicable. Acadia owns and operates a high-quality core r
Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") will release its second quarter 2024 earnings on Tuesday, July 30, 2024, after market close. Management will conduct a conference call on Wednesday, July 31, 2024, at 11:00 AM ET to review the Company's earnings and operating results. Participant registration and webcast information is listed below. Live Conference Call: Date: Wednesday, July 31, 2024 Time: 11:00 AM ET Participant Call: Second Quarter 2024 Dial-In Participant Webcast: Second Quarter 2024 Webcast Webcast Replay: www.acadiarealty.com/investors under Investors, Presentations, Events & Acquisitions
Acadia Realty Trust (NYSE:AKR) ("Acadia" or the "Company") today announced that it will participate in NAREIT's REITweek®: 2024 Investor Conference. NAREIT REITweek®: 2024 Investor Conference Acadia will participate in NAREIT's REITweek®: 2024 Investor Conference which will be held June 3-6, 2024. Kenneth F. Bernstein, Acadia's President and Chief Executive Officer, is scheduled to make a company presentation on Tuesday, June 4, 2024, at 2:15 p.m. ET. The Company's presentation materials will be posted on its website under "Investors – Presentations & Events." Acadia will also host individual meetings with investors during the conference. Acadia Realty Trust Webcast: Date: Tuesday
4 - ACADIA REALTY TRUST (0000899629) (Issuer)
Compass Point upgraded Acadia Realty Trust from Neutral to Buy and set a new price target of $27.00
JP Morgan upgraded Acadia Realty Trust from Underweight to Neutral and set a new price target of $18.00
BofA Securities upgraded Acadia Realty Trust from Neutral to Buy and set a new price target of $20.00 from $18.00 previously
Truist downgraded Acadia Realty Trust from Buy to Hold and set a new price target of $18.00
Jefferies upgraded Acadia Realty Trust from Hold to Buy and set a new price target of $20.00 from $15.00 previously
Compass Point downgraded Acadia Realty Trust from Buy to Neutral and set a new price target of $16.00
KeyBanc Capital Markets downgraded Acadia Realty Trust from Overweight to Sector Weight and set a new price target of $16.00 from $17.00 previously
Citigroup upgraded Acadia Realty Trust from Neutral to Buy and set a new price target of $17.00
Jefferies downgraded Acadia Realty Trust from Buy to Hold and set a new price target of $15.00 from $25.00 previously
Truist Securities reiterated coverage of Acadia Realty Trust with a rating of Buy and set a new price target of $26.00 from $25.00 previously
JP Morgan analyst Michael Mueller upgrades Acadia Realty Trust (NYSE:AKR) from Underweight to Neutral and announces $18 price target.
J.P. Morgan Real Estate Income Trust, Inc. (JPMREIT) announced today it acquired a 95% interest in Shops at Grand Avenue, a 99,837-square foot, 100% leased, Class A grocery–anchored shopping center in the Maspeth neighborhood of Queens, NY. This acquisition is part of a strategic joint venture to pursue retail opportunities with Acadia Realty Trust (NYSE:AKR), an equity real estate investment trust. The total purchase price was $48 million (exclusive of closing costs), bringing the total asset value of the JPMREIT portfolio to more than $400 million.This investment represents the first last-mile retail investment for JPMREIT. The Shops at Grand Avenue is a neighborhood retail center anchored
The amended and restated credit facility matures on April 15, 2028 (with two six-month extension options) and has an accordion feature expandable to $900 million, subject to customary conditions.
BofA Securities analyst Jeffrey Spector changed the rating for a few retail REITS following their Retail Executive Summit with 8 REITs. The analyst upgraded Acadia Realty Trust (NYSE:AKR) to Buy from Neutral at an increased price target of $20 (from $18). The rating reflects the leading internal growth outlook, near-term growth opportunities, upside to FY24 guidance from recovering Street retail assets include lagging markets like Chicago and lower capital expenditure on Street leases. The analyst estimates an FFO per share of $1.30 in 2024 and $1.35 in 2025. Spector also increased the rating on Tanger Inc. (NYSE:SKT) to Neutral (from Underperform) and upped the price ta
B of A Securities analyst Craig Schmidt upgrades Acadia Realty Trust (NYSE:AKR) from Neutral to Buy and raises the price target from $18 to $20.
Acadia Realty Trust (NYSE:AKR) reported quarterly earnings of $0.28 per share. This is a 3.7 percent increase over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $84.20 million which beat the analyst consensus estimate of $75.11 million by 12.11 percent. This is a 6.14 percent increase over sales of $79.33 million the same period last year.
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Truist Securities analyst Ki Bin Kim downgrades Acadia Realty Trust (NYSE:AKR) from Buy to Hold.