Acadia Q4 FFO Before Special Items rises to $0.34 a share; GAAP EPS falls to $0.04
Acadia Realty Trust reported fourth quarter 2025 revenue of $104.8 million, up from $93.3 million a year earlier, and FFO Before Special Items of $0.34 per share, up from $0.32. GAAP net earnings per share fell to $0.04 from $0.07, so the quarter's headline measures point in different directions. The company also gave initial 2026 FFO As Adjusted guidance of $1.21 to $1.25 per share, a new metric it will report beginning in 2026.
Key points
- Q4 2025 total revenues were $104.8 million, versus $93.3 million in Q4 2024.
- Q4 2025 FFO Before Special Items was $0.34 per share, versus $0.32; GAAP net earnings per share were $0.04, versus $0.07.
- Full-year 2025 GAAP net earnings per share were $0.10, versus $0.19 in 2024; the filing cites a loss on change in control related to Georgetown Renaissance.
- 2026 FFO As Adjusted guidance is $1.21 to $1.25 per share, with REIT Portfolio same-property NOI growth of 5% to 9%.
The filing
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 February 10, 2026.
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.