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

Acadia Realty Trust Q1 FFO rises to $0.34 a share; GAAP net earnings fall to $0.01

Mixed Impact 4 of 5 earnings Written later

Acadia Realty Trust reported first-quarter 2025 NAREIT FFO of $44.6 million, or $0.34 per share, up from $31.0 million, or $0.28, a year earlier, and revenue of $104.4 million versus $91.4 million. GAAP net income fell to $1.3 million, or $0.01 per share, from $3.0 million, or $0.03, partly because of a $9.6 million non-cash loss on change in control, and the company cut its 2025 net earnings per share guidance to $0.12-$0.16 from $0.22-$0.27 while raising its NAREIT FFO guidance to $1.22-$1.26.

Key points

  • NAREIT FFO of $44.6 million, or $0.34 per share, versus $31.0 million, or $0.28, in Q1 2024
  • Net income of $1.3 million, or $0.01 per share, versus $3.0 million, or $0.03; includes a $9.6 million non-cash charge ($0.08 per share) from change in control accounting for Georgetown Renaissance Portfolio
  • 2025 net earnings per share guidance cut to $0.12-$0.16 from $0.22-$0.27; NAREIT FFO guidance raised to $1.22-$1.26 from $1.19-$1.24
  • Core same-property NOI rose 4.1%, with the Street Portfolio up 6.8%; full-year same-property NOI guidance of 5-6% was reaffirmed

The filing

CompanyAcadia Realty Trust (AKR)
Form8-K, current report
Filed with the SECApr 29, 2025, 4:41 PM ET
Accession number0000950170-25-060243

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 April 29, 2025.

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.