NYSE$AKR

Acadia Realty Trust · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Acadia reported operating results for the quarter and year-to-date period ended June 30, 2021.

Acadia Realty Trust reported GAAP earnings per share of $0.04, FFO per share of $0.31 and FFO before Special Items per share of $0.30. The company raised annual 2021 guidance to $1.05 to $1.14. Same-property NOI increased by 13.9% and collections increased to 96% of pre-COVID billings.

  • Exceeded expectations with GAAP earnings per share of $0.04, FFO per share of $0.31 and FFO before Special Items per share of $0.30
  • Raised annual 2021 guidance to $1.05 to $1.14 to reflect improved outlook on leasing and credit reserves
  • Increased same-property NOI by 13.9%
  • Increased collections to 96% of pre-COVID billings

Headline financials

Total Revenue

$2.71M

Previous: $63.8M-95.7%
EPS (adj)

$0.31

Previous: $0.49-36.7%
Same-Property NOI Growth

13.9%

Previous: -18.7%+174.3%
Occupancy Rate

89.8%

Previous: 92.6%-3.0%
Leased Rate

92.4%

Previous: 93.3%-1.0%
Capital Expenditures

-$16.6M

Previous: -$41.7M+60.2%
Free Cash Flow

-$15.4M

Previous: $23.2M-166.4%
Net Income

$1.23M

Previous: $64.9M-98.1%
Operating Income

$13.2M

Previous: -$5.76M+328.5%
Gross Profit

-$10.2M

Previous: $14.9M-168.4%
Cash & Equivalents

$34.6M

Previous: $34.3M+1.1%
Total Assets

$4.09B

Previous: $4.33B-5.5%

Revenue & EPS history

Acadia · Revenue · Quarterly

$2.71M

Q2 2021-95.7%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The Company again raised its annual 2021 guidance to reflect improved outlook on leasing and credit reserves.

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 Q2 2021

Historical avgQ2 2021

+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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