Acadia Realty Trust (N:AKR)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Suite 300, 411 Theodore Fremd Avenue RYE NY 10580 |
| Tel: | 1-914-2888100 |
| Website: | https://www.acadiarealty.com |
| IR: | See website |
| Key People | ||
| Kenneth F. Bernstein President, Chief Executive Officer, Trustee | John J. Gottfried Chief Financial Officer, Executive Vice President | Reginald Livingston Executive Vice President, Chief Investment Officer |
| Jason Blacksberg Executive Vice President, Chief Legal Officer, Corporate Secretary | Joseph M. Napolitano Senior Vice President, Chief Administrative Officer | |
| Business Overview |
| Acadia Realty Trust is a fully integrated equity real estate investment trust (REIT). The Company is focused on the ownership, acquisition, development, and management of retail properties located primarily in high-barrier-to-entry, supply-constrained, densely populated metropolitan areas in the United States. The Company operates through three segments: Core Portfolio, Funds and Structured Financing. The Company's Core Portfolio segment consists primarily of retail properties located primarily in high-barrier-to-entry, densely populated metropolitan areas with a long-term investment horizon. The Company's Funds segment holds primarily retail real estate in which the Company co-invests with high-institutional investors. The Company's Structured Financing segment consists of earnings and expenses related to notes and mortgages receivable, which are held within the Core Portfolio or the Funds. The Company has ownership interests in approximately 201 properties within its core portfolio. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Acadia Realty Trust revenues increased 4% to $338.7M. Net income applicable to common stockholders totaled $18.9M vs. loss of $36.3M. Revenues reflect Opportunity Funds segment increase of 9% to $135.1M, Core Portfolio segment increase of less than 1% to $203.5M, NAREIT FFO - Per Share - Diluted - Total increase of 25% to $1.28. Net Income reflects Unallocated segment loss decrease of 6% to $41.5M. |
| Employees: | 117 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,610M as of Dec 31, 2023 |
| Annual revenue (TTM): | $338.69M as of Dec 31, 2023 |
| EBITDA (TTM): | $188.75M as of Dec 31, 2023 |
| Net annual income (TTM): | $18.90M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$108.90M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,885M as of Dec 31, 2023 |
| Shares outstanding: | 102,989,390 as of Mar 5, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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