Overview

* Acadia Q2 revenue beats analyst expectations, per LSEG data

* NAREIT FFO per share rises 8% yr/yr, indicating improved operational performance

* Co completed $157 mln in street retail acquisitions, expanding NYC portfolio

Outlook

* Acadia reaffirms full-year Core Same Property NOI growth of 5-6%

* Company revises 2025 net earnings guidance to $0.09-$0.13 per share

Result Drivers

* SAME-PROPERTY NOI - Achieved 4.2% growth driven by increased occupancy

* LEASE EXECUTION - Signed 35,000 sq ft lease with LA Fitness in San Francisco

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $100.59 $89.90

Revenue mln mln (3

Analysts

)

Q2 EPS $0.01

Q2 Net -$20.94

Income mln

Q2 Basic $0.01

EPS

Q2 FFO $0.27

Per

Share

Q2 $760,000

Operatin

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the commercial reits peer group is "buy"

* Wall Street's median 12-month price target for Acadia Realty Trust ( AKR ) is $23.00, about 19.1% above its July 28 closing price of $18.60

* The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 53 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)