Acadia Realty Trust (NYSE:AKR) Announces $0.20 Quarterly Dividend

Key Points

• Acadia Realty Trust declared a quarterly dividend of $0.20 per share, payable October 15 to shareholders of record September 30, representing an annualized dividend of $0.80 and a 3.9% yield.
• The dividend payout ratio is currently high at 222.2%, meaning earnings do not fully cover the payment; however, analysts expect a lower future payout ratio of 60.2% based on projected earnings.
• AKR shares fell 4.1% to $20.61 after the company reported quarterly EPS of $0.05, well below the $0.30 consensus estimate, while revenue of $95.42 million exceeded expectations.

Acadia Realty Trust (NYSE:AKR - Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.20 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, September 30th.

Acadia Realty Trust has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 2 years. Acadia Realty Trust has a dividend payout ratio of 222.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Acadia Realty Trust to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 60.2%.

Acadia Realty Trust Stock Down 4.1%

AKR stock traded down $0.89 on Thursday, hitting $20.61. 620,152 shares of the company's stock were exchanged, compared to its average volume of 1,341,450. Acadia Realty Trust has a 12-month low of $18.14 and a 12-month high of $23.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a 50 day moving average price of $21.79 and a two-hundred day moving average price of $21.06. The stock has a market cap of $2.83 billion, a P/E ratio of 60.46, a price-to-earnings-growth ratio of 1.97 and a beta of 1.10.

Acadia Realty Trust (NYSE:AKR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.25). Acadia Realty Trust had a net margin of 12.14% and a return on equity of 1.85%. The company had revenue of $95.42 million during the quarter, compared to analyst estimates of $92.36 million. During the same period in the prior year, the business posted $0.32 EPS. Acadia Realty Trust's revenue for the quarter was down 5.1% compared to the same quarter last year. Acadia Realty Trust has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, equities research analysts expect that Acadia Realty Trust will post 1.25 EPS for the current fiscal year.

Acadia Realty Trust Company Profile

Acadia Realty Trust NYSE: AKR is a Maryland real estate investment trust (REIT) that focuses on the acquisition, development, ownership and operation of grocery-anchored and necessity-based shopping centers. The company targets retail properties that serve densely populated urban and suburban markets and typically feature essential tenants such as supermarkets, drugstores, fitness centers and other service-oriented retailers. As a self-managed REIT, Acadia oversees leasing, property management, financing and construction activities through its in-house platform.

Acadia's portfolio is diversified across property types and lease structures, with an emphasis on sites that benefit from long-term consumer traffic and resilient tenancy.

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