Acadia Realty Trust (AKR) Earnings Call Transcripts

Acadia Realty Trust's Latest Earnings Call - Q1 FY2026

Acadia Realty Trust reported strong results for Q1 2026, with a notable 11% year-over-year earnings growth and nearly 6% same-store growth. Revenue and earnings were bolstered by over $2.5 billion in transactional activity, including $600 million in new investments. The company raised its full-year 2026 earnings guidance to $1.22 to $1.26, reflecting a 9% growth at the midpoint over 2025. Management highlighted continued strong performance in street retail, driven by tenant demand and investment opportunities.

Reported metrics

Guidance from management

Acadia raised its full-year 2026 earnings guidance to $1.22 to $1.26, representing 9% growth at the midpoint over 2025. Management expects continued strong internal and external growth.

What management said

Sure. I'll focus on what I think it closed this year. I guess taking a step back, run rate on the REIT portfolio side, we've done about $400 million or so the last year plus. We've done about $200 million of that so far this year. So I think we could pencil in doing basically the same volume that we've done last year from our REIT portfolio side. On the investment management side, where we've averaged about 250 plus ...

And then on the earnings side, so Craig, I think the one thing we pointed out is that our target, which is unchanged, is $0.01 of accretion, and that is both REIT. So on a $200 million worth of REIT acquisitions. Our team is day 1 earnings accretion of a penny per 200. And that same math, even though our pro rata share is much less of the equity, but when you factor in the fees, $200 million of investment management ...

What analysts pressed on

Analysts questioned the scalability of new market investments and the potential impact of macroeconomic factors on retail demand. Concerns were raised about the predictability of leasing activity and the timing of new investments.

Main topics on the call

• Earnings Growth — Acadia reported an 11% year-over-year earnings growth, driven by nearly 6% same-store growth. CEO Ken Bernstein stated, 'We delivered 11% year-over-year earnings growth, driven by nearly 6% same-store growth.'
• Transactional Activity — The company completed over $2.5 billion in transactional activity, including $600 million in new investments and a new $1.4 billion corporate borrowing facility. This activity supports both internal and external growth.
• Street Retail Performance — Street retail continues to perform well, with limited supply and increasing demand. Bernstein noted, 'Our continued strong performance is being driven most significantly by our street retail portfolio.'
• Leasing Activity — Leasing activity remains strong, with $3.5 million in new leases signed in Q1 and a pipeline of $11.5 million. A.J. Levine highlighted, 'We are currently negotiating new leases, fair market renewals and [ pry loose mark-...

Read the full Acadia Realty Trust transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 35 Acadia Realty Trust earnings call transcripts on record, spanning February 13, 2020 to July 29, 2026. Based on this history, Acadia Realty Trust reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

AKR

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Retail REITs

Calls on record

35

First call

February 13, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly