AKR•AKR•The company raised its 2026 guidance for net earnings to $0.40-$0.41 per share from $0.37-$0.39. It now sees 2026 FFO As Adjusted at $1.24-$1.26 per share, up from $1.22-$1.26.
The current average analyst rating on the shares is "buy", with 6 recommendations at "strong buy" or "buy", 2 at "hold", and no "sell" or "strong sell" ratings. 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, versus a P/E of 74 three months ago.
Acadia said 8.7% same-property NOI growth was primarily driven by 15.6% growth in its street retail portfolio. The company also cited record new leasing volume, especially in street and urban retail, which produced high cash leasing spreads on new leases. The increase in net income was primarily due to a gain on sale of properties in 2026.
Acadia Realty Trust said second-quarter revenue rose and beat analyst expectations. Q2 FFO As Adjusted per share increased to $0.31 from $0.28 a year earlier.
| 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 |
