Acadia Realty Trust (NYSE:AKR) Announces Earnings Results, Beats Estimates By $0.25 EPS

Key Points

• Acadia beat expectations: Q quarter EPS of $0.30 topped the $0.05 consensus by $0.25 and revenue came in at $102.99M versus $94.21M, and the company updated FY2026 guidance to EPS 1.220–1.260.
• The board paid a quarterly dividend of $0.20 (annualized $0.80) for a yield of 3.8%, but the payout ratio is an unusually high 888.89%, signaling potential dividend sustainability concerns.
• Market and analyst view is mixed: the stock traded near $21.25 (market cap $2.79B) with a very high P/E ~236, consensus rating "Hold" and an average target of $22.25, though some firms (e.g., Citi) have raised targets and given buy ratings.

Acadia Realty Trust (NYSE:AKR - Get Free Report) posted its earnings results on Tuesday. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.25, Zacks reports. Acadia Realty Trust had a return on equity of 0.49% and a net margin of 3.22%.The firm had revenue of $102.99 million for the quarter, compared to analysts' expectations of $94.21 million. During the same period in the previous year, the firm earned $0.34 earnings per share. The business's revenue was down 1.4% compared to the same quarter last year. Acadia Realty Trust updated its FY 2026 guidance to 1.220-1.260 EPS.

Acadia Realty Trust Stock Up 0.1%

AKR traded up $0.01 during trading on Tuesday, hitting $21.25. 967,364 shares of the company's stock traded hands, compared to its average volume of 1,252,967. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 236.16, a PEG ratio of 2.09 and a beta of 1.11. The company's 50 day simple moving average is $20.36 and its two-hundred day simple moving average is $20.25. Acadia Realty Trust has a 12-month low of $18.04 and a 12-month high of $22.36. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.71.

Acadia Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Tuesday, March 31st. Acadia Realty Trust's payout ratio is presently 888.89%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Citigroup upped their price target on Acadia Realty Trust from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Zacks Research raised Acadia Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, March 23rd. Wall Street Zen downgraded shares of Acadia Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, February 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of Acadia Realty Trust in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Acadia Realty Trust from $21.00 to $22.00 and gave the company a "neutral" rating in a research report on Friday, March 20th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $22.25.

Institutional Investors Weigh In On Acadia Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in AKR. Royal Bank of Canada lifted its holdings in Acadia Realty Trust by 83.2% in the first quarter. Royal Bank of Canada now owns 42,246 shares of the real estate investment trust's stock valued at $885,000 after acquiring an additional 19,184 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Acadia Realty Trust by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,734 shares of the real estate investment trust's stock valued at $1,461,000 after purchasing an additional 3,045 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Acadia Realty Trust by 31.1% in the 1st quarter. Millennium Management LLC now owns 811,139 shares of the real estate investment trust's stock worth $16,993,000 after purchasing an additional 192,267 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Acadia Realty Trust by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 818,397 shares of the real estate investment trust's stock worth $17,145,000 after buying an additional 82,974 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Acadia Realty Trust during the first quarter valued at approximately $1,284,000. Hedge funds and other institutional investors own 97.65% of the company's stock.

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.