Acadia Realty Trust reports Q3 loss, raises same‑property NOI outlook and cuts FY earnings guidance
Acadia Realty Trust posted a Q3 2026 net loss of $0.03 per share, driven by an $11.7 million non‑cash impairment. Adjusted FFO rose to $0.31 per share and same‑property NOI grew 10.2% YoY. The REIT kept its FY 2026 adjusted FFO guidance of $1.24‑$1.26 per share but lowered its net earnings outlook to $0.29‑$0.30 per share and lifted its full‑year same‑property NOI guidance to 7.5%‑8.5%. Management highlighted $150 million of street‑retail acquisitions in the quarter and a record $22 million signed‑not‑open pipeline.
Why it matters
The cut to FY earnings per share reduces the REIT’s expected cash return to shareholders, while the higher NOI outlook and new acquisitions support future FFO growth, according to the company’s guidance. Investors should adjust earnings forecasts and consider the impact on dividend sustainability.
Key facts
- 1Q3 net loss was $0.03 per share, compared with a profit of $0.03 per share a year earlier. tradingview.com
- 2Adjusted FFO for the quarter was $0.31 per share, up from $0.29 per share a year earlier. tradingview.com
- 3Revenue was $95.0 million, down from $101.0 million in the prior-year quarter. tradingview.com
- 4The REIT lowered its FY 2026 net earnings per‑share outlook to $0.29‑$0.30 from $0.40‑$0.41. tradingview.com
- 5Full‑year adjusted FFO guidance remains $1.24‑$1.26 per share. tradingview.com
- 6Same‑property NOI grew 10.2% year over year. tradingview.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.