- GAAP Net Earnings of $0.03
- FFO Before Special Items of $0.33
- Same-Property NOI Growth of 5.7% Driven by the Street Portfolio
- Street Rent Spreads of 37% (16% Overall Core Portfolio)
RYE, N.Y.–(BUSINESS WIRE)–Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) today reported operating results for the quarter ended March 31, 2024. For the quarter ended March 31, 2024, net earnings per share was $0.03. All per share amounts are on a fully-diluted basis, where applicable. Acadia operates a high-quality core real estate portfolio (“Core” or “Core Portfolio”), in the nation’s most dynamic retail corridors, along with a fund business (“Funds”) that targets opportunistic and value-add investments.