Acadia Realty Trust

Q2 FY2026 EarningsQ2 FY26 beat consensus on bottom-line metrics, with Diluted GAAP EPS of $0.05 vs. $0.045 expected and Net Income of $11.0M vs. $6.5M expected. Total revenue was essentially in-line at $95.4M, representing a -5.14% YoY decline primarily driven by planned dispositions and recapitalizations in the Investment Management segment. Core performance remained robust with REIT Portfolio Same-Property NOI up 8.7% YoY and significant leasing spreads (+77.7% cash basis), while the completion of a $201M forward equity offering strengthens the balance sheet for future acquisitions.