The real estate investment trust reported $0.31 FFO, exceeding expectations, and revised upward its full-year 2026 earnings outlook.
Acadia Realty Trust posted Q2 funds from operations of $0.31 per share, beating estimates by $0.01. Revenue reached $95.42M, matching expectations but declining 5.1% year-over-year.
The company previously guided for 2026 GAAP net earnings of $0.37-$0.39 per share and FFO As Adjusted of $1.22-$1.26 per share. It raised these ranges to $0.40-$0.41 and $1.24-$1.26, respectively.
No immediate market reaction was disclosed in the release.