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Acadia Realty Trust (AKR) Q4 2025 Earnings Call Transcript

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Acadia Realty Trust reported Q4 2025 earnings of $0.10 per share, beating estimates by $0.03, with revenue rising 12.25% year-over-year to $104.77 million, surpassing forecasts by $12.57 million. CEO Kenneth Bernstein and CFO John Gottfried led the February 11, 2026, call, highlighting strong leasing activity and portfolio growth amid economic uncertainty. Forward-looking statements were noted as subject to SEC risks. The company emphasized its core urban retail and mixed-use properties, with Senior VP Alexander Levine citing high occupancy rates and rental growth in key markets like New York and Washington, D.C. Analysts from BofA, Citigroup, and JPMorgan questioned capital allocation and debt strategies, while management reaffirmed disciplined investment plans and liquidity strength. Funds from operations (FFO) and net operating income (NOI) were key non-GAAP metrics discussed, with details referenced in the earnings release. No updates were committed beyond the call date.
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SA Transcripts158.31K FollowersFollow5ShareSaveCommentsQ4: 2026-02-10 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallEPS of $0.10 beats by $0.03 | Revenue of $104.77M (12.25% Y/Y) beats by $12.57M Acadia Realty Trust (AKR) Q4 2025 Earnings Call February 11, 2026 11:00 AM EST Company Participants Kenneth Bernstein - President & CEOAlexander Levine - Senior Vice President of Leasing & DevelopmentReginald Livingston - Executive VP & Chief Investment OfficerJohn Gottfried - Executive VP & CFO Conference Call Participants Will DelvesSamir Khanal - BofA Securities, Research DivisionCraig Mailman - Citigroup Inc., Research DivisionLinda Yu Tsai - Jefferies LLC, Research DivisionTodd Thomas - KeyBanc Capital Markets Inc., Research DivisionMichael Mueller - JPMorgan Chase & Co, Research DivisionFloris Gerbrand Van Dijkum - Ladenburg Thalmann & Co. Inc., Research Division Presentation Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Acadia Realty Trust Fourth Quarter 2025 Earnings Conference Call [Operator Instructions] Please note that today's conference is being recorded. I will now hand the conference over to your speaker host for today, Will Delves. Please go ahead.

Will Delves Good afternoon, and thank you for joining us for the Fourth Quarter 2025 Acadia Realty Trust Earnings Conference Call. My name is Will Delves, and I'm an analyst in our asset management department. Before we begin, please be aware that statements made during the call that are not historical may be deemed forward-looking statements within the meaning of the Securities and Exchange Act of 1934, and actual results may differ materially from those indicated by such forward-looking statements. Due to a variety of risks and uncertainties, including those disclosed in the company's most recent Form 10-K and other periodic filings with the SEC, forward-looking statements speak only as of the date of this call, February 11, 2026, and the company undertakes no duty to update them. During this call, management may refer to certain non-GAAP financial measures, including funds from operations and net operating income. Please see Acadia's earnings press release posted on its website for

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