Acadia Realty Trust (AKR) Q3 2026 Earnings Call Transcript

Acadia Realty Trust reported a third-quarter loss of $0.0285 per share, missing analyst forecasts of a $0.07 profit. Revenue for the quarter was $90.4 million, which fell below the consensus estimate of $94.38 million. Despite these misses, adjusted funds from operations increased to $0.31 per share from $0.29 a year earlier.

The company reported that same-property net operating income rose 10.2%, driven by a street retail portfolio that grew by more than 15% and a stabilized suburban portfolio that rose 2.5%. Management raised its full-year same-property net operating income guidance to a range of 7.5% to 8.5%.

Investing.com notes that the trust's signed-not-open pipeline reached a record $22 million of annual base rent at the company's share. Management indicated that properties in urban corridors, including Chicago, Dallas, SoHo, and Williamsburg, continue to benefit from strong tenant demand. Following the report, the stock rose 0.53% to $19.13 in premarket trading.

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