NYSE$AKR

Acadia Realty Trust · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Acadia Realty Trust reported first quarter operating results.

Acadia Realty Trust reported a net income of $3.0 million, or $0.03 per share, and FFO Before Special Items of $37.0 million, or $0.33 per share. Same-property NOI growth was 5.7%, driven by the Street Portfolio. The Core Portfolio was 94.4% leased and 91.8% occupied.

  • Net income was $0.03 per share.
  • FFO Before Special Items was $0.33 per share.
  • Same-property NOI growth was 5.7%, driven by the Street Portfolio.
  • Core Portfolio was 94.4% leased and 91.8% occupied.

Headline financials

Total Revenue

$91.4M

Previous: $81.8M+11.6%
EPS

$0.03

Previous: $0.40-92.5%
Pro-Rata Net Debt-to-EBITDA

6.6

No prior period
Capital Expenditures

-$12.8M

Previous: -$12.5M-2.0%
Free Cash Flow

-$19.6M

Previous: $9.47M-307.2%
Net Income

-$6.86M

Previous: $22M-131.2%
Operating Income

$14M

Previous: $12.1M+15.7%
Gross Profit

$72.1M

Previous: $66.7M+8.1%
Cash & Equivalents

$18.8M

Previous: $17.1M+9.8%
Total Assets

$4.27B

Previous: $4.19B+1.8%
Stock-Based Comp

$4.25M

Previous: $4.89M-13.1%

Revenue & EPS history

Acadia · Revenue · Quarterly

$91.4M

Q1 2024+11.6%vs Q1 2023
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Forward guidance

Acadia reaffirmed its 2024 guidance for FFO Before Special Items.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.1%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.0%

Avg return

30 days after

65%

42 / 65 earnings

Positive

+8.5%

Q4 2020

Best reaction

-8.1%

Q4 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.0%-0.2%+4.4%
Q4 2025-4.2%-3.9%-6.0%
Q3 2025+0.3%+2.2%+7.6%
Q1 2025-2.3%-0.9%-1.4%
Q4 2024+1.4%+0.5%-10.2%
Q3 2024+1.4%+0.8%+8.6%
Q2 2024+5.2%+4.4%+9.1%
Q1 2024-0.2%-2.3%-5.1%
Q4 2023-2.3%-0.9%-4.2%
Q3 2023+6.6%+14.1%+11.4%
Q2 2023+1.7%+2.4%-5.2%
Q1 2023-0.8%-0.1%-4.7%
Q4 2022+1.4%-2.9%-11.9%
Q3 2022-1.4%+1.3%+8.1%
Q2 2022-4.5%-5.2%-7.6%
Q1 2022-0.9%-4.1%-6.8%
Q4 2021+7.1%+1.2%+5.4%
Q3 2021-2.8%-5.3%-0.6%
Q2 2021+0.7%+0.0%+1.8%
Q1 2021+1.6%+1.1%+3.2%
Q4 2020+8.5%+16.9%+37.7%
Q3 2020+1.9%-0.5%+57.2%
Q2 2020+0.2%+4.6%-0.9%
Q1 2020-5.6%+3.4%+27.5%
Q4 2019+0.9%+2.2%-23.2%
Q3 2019-2.5%-4.8%-9.1%
Q2 2019+3.9%+3.3%+2.8%
Q1 2019+1.4%+0.1%+0.9%
Q4 2018+0.1%-1.1%-6.8%
Q3 2018+1.3%+3.2%+2.1%
Q2 2018+1.4%-1.8%+6.7%
Q1 2018+0.8%+2.2%+9.1%
Q4 2017+2.6%+9.0%+4.8%
Q3 2017-4.2%-0.2%-3.1%
Q2 2017+3.5%+4.1%-0.3%
Q1 2017-2.1%-7.4%-11.8%
Q4 2016-3.4%-2.3%-4.9%
Q3 2016-1.9%-5.1%-5.0%
Q2 2016-1.2%+1.4%-1.2%
Q1 2016+1.2%
Q4 2015+0.2%
Q3 2015-1.4%
Q2 2015+0.5%
Q1 2015-4.2%
Q4 2014+0.4%
Q3 2014+0.0%
Q2 2014-0.3%
Q1 2014+0.6%
Q4 2013+1.1%
Q3 2013+3.9%
Q2 2013+0.7%
Q1 2013+1.2%
Q4 2012+1.4%
Q3 2012+0.4%
Q2 2012+0.0%
Q1 2011-0.1%
Q1 2012+1.0%
Q1 2010+1.6%
Q4 2009+1.6%
Q4 2011+1.6%
Q3 2010+3.1%
Q3 2011+3.1%
Q2 2010-8.1%
Q2 2011-8.1%
Q4 2010-8.1%

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