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AI brief of an SEC Form 8-K · Acadia Realty Trust (AKR)

Acadia Realty Trust Q3 net income rises to $0.07 per share from a loss a year earlier

Positive Impact 3 of 5 earnings Written later

Acadia Realty Trust reported third-quarter 2024 net income of $8.1 million, or $0.07 per share, compared with a net loss of $1.7 million, or $0.02 per share, a year earlier. FFO Before Special Items rose to $37.1 million, or $0.32 per share, from $27.6 million, or $0.27 per share, and the company reduced its pro-rata net debt-to-EBITDA to 5.6x from 6.3x at June 30, 2024.

Key points

  • Q3 2024 net income of $8.1 million ($0.07 per share) versus a net loss of $1.7 million ($0.02 per share) in Q3 2023
  • NAREIT FFO of $33.0 million ($0.28 per share) versus $26.8 million ($0.26 per share); FFO Before Special Items of $37.1 million ($0.32 per share) versus $27.6 million ($0.27 per share)
  • Core same-property NOI grew 5.9% in the quarter, with GAAP and cash new leasing spreads of 73% and 46%
  • About $150 million of acquisitions completed in the quarter and a $425 million pipeline; common equity proceeds of about $320 million to fund them

The filing

CompanyAcadia Realty Trust (AKR)
Form8-K, current report
Filed with the SECOct 28, 2024, 8:53 AM ET
Accession number0000950170-24-117581

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.