Acadia Realty Trust Reaffirms FFO Guidance and Targets 2026 NOI Growth
Acadia Realty Trust (AKR) reported strong third-quarter results, driven primarily by the robust performance of its street retail portfolio. Management highlighted that the current momentum in their retail assets continues to be a primary driver for the company's financial outcomes. Looking ahead, the company has provided specific long-term targets, aiming for same-property Net Operating Income (NOI) growth between 7.5% and 8.5% by 2026. Despite these growth targets, Acadia is maintaining its current Funds From Operations (FFO) guidance in the range of $1.24 to $1.26.
Tickers: $AKR
Topics: earnings report quarterly results retail real estate
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