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.
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| 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 |
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
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
8-K - ACADIA REALTY TRUST (0000899629) (Filer)
424B5 - ACADIA REALTY TRUST (0000899629) (Filer)
10-Q - ACADIA REALTY TRUST (0000899629) (Filer)
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
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
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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
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