Acadia Realty Trust Q2 2025 Financial Results

Acadia Realty Trust reported its second quarter 2025 financial results, announcing GAAP net earnings of $0.01 per share, consistent with the same period in 2024. The company increased NAREIT FFO and FFO before special items to $0.27 and $0.32 per share, respectively. Core same-property NOI growth was reaffirmed at 5-6% for the full year, with a 4.2% growth achieved in the second quarter. The company also completed $157 million in accretive Core Street Retail acquisitions during the quarter. Acadia's Core Portfolio occupancy increased by 50 basis points to 92.2%, and the total signed but not yet opened pipeline remained at approximately 7% of pro-rata minimum rent. The company executed a 35,000 square foot lease with LA Fitness in San Francisco and continued to strengthen its balance sheet with a new $250 million delayed draw term loan.