ACADIA REALTY TRUST reported second-quarter 2026 results with revenue of $95.4M and net income attributable to Acadia shareholders of $11.04M, while diluted earnings per share were $0.05 for the quarter.
Financial Highlights
- Revenue was $95.4M for 2Q 2026, down from $100.6M in 2Q 2025 ( (5.2%)).
- Net income attributable to Acadia shareholders was $11.04M for 2Q 2026, up from $1.96M in 2Q 2025 (462% ).
- Diluted earnings per share was $0.05 for 2Q 2026, compared with $0.01 for 2Q 2025.
Business Highlights
- Portfolio growth: Completed approximately $198M in REIT acquisitions across Boston, Palm Beach, New York City, Washington, D.C., and Chicago, and added a West Hollywood property after the quarter closed.
- Investment management activity: Recapitalized and deconsolidated multiple Fund V assets while retaining operating and ownership roles, recognizing related gains.
- Leasing momentum: Same-property NOI rose about 8.7% year over year with positive rent spreads on new and renewal leases; a Q2 sample showed cash rent spreads of 77.7%.
- Capital deployment: Advanced $69.3M in preferred equity and funded roughly $252.9M in acquisitions and equity investments across platforms.
- Operational efficiency and fee growth: Increased fee income from recent acquisitions and funds activity, supporting higher investment-management operating results.
Original SEC Filing:
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