AKR Earnings Prediction
The chart below shows how AKR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AKR sees a -0.80% change in stock price 10 days leading up to the earnings, and a +0.42% change 10 days following the report. On the earnings day itself, the stock moves by +0.17%. This data can give you a slight idea of what to expect for the next quarter's release.
AKR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
87.75M
7.81%
0.56%
Gross Margin
31.58%
24.23%
1.25%
Operating Margin
19.94%
56.39%
2.15%
Net Margin
13.97%
169.88%
671.82%
EPS
0.07
450.00%
600.00%
No Data Available
AKR Earnings Analysis
Acadia Realty Trust Corporation (AKR.N) Earnings Conference Call
Positive
Same-Store NOI Growth: The company reported a strong third quarter with over 6% same-store NOI growth for the past three years.
Strong Balance Sheet: The balance sheet remains strong, providing liquidity and capacity for thoughtful growth in the portfolio.
Acquisition Strategy Update: The company closed approximately $270 million in acquisitions for its core portfolio, with $120 million of them closing over the next couple of quarters.
Record Core Lease Signings: The leasing team signed a record $7 million in core leases, exceeding the total volume of leases signed in 2023.
Rent Increase Trends: The company has seen a 20% increase in rents over the last year and a 50% increase since 2019.
Negative
Quarterly Performance Overview: We had a very active and productive third quarter with a lot to discuss, so let's jump in.
Acquisition Portfolio Expansion: We have closed or are under contract for a total of $270 million of acquisitions for our core portfolio.
Upcoming Revenue Closures: We have closed approximately $120 million of them with the balance closing over the next couple of quarters.
SoHo Property Acquisition: We have also acquired a three-tenant building that will further enhance our presence on Green Street in SoHo with leases substantially below market in arguably the highest demand corridor in SoHo.
Asset Portfolio Overview: We have a total of approximately $150 million in assets under contract primarily in Georgetown and D.C. and in SoHo.
AKR FAQs
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AKR Earning Call Sentiment
Acadia Realty Trust (AKR) Q3 2024 Earnings Call Transcript
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00:00
00:00
AKR.N
2.2%Positive
The earnings call reflects a strong financial performance with a 20% increase in FFO, significant same-store NOI growth, and reduced leverage. The Q&A session reveals management's confidence in future growth opportunities and competitive positioning. The increased earnings guidance and dividend, along with strategic partnerships and acquisitions, support a positive outlook. Despite the equity issuance, the overall sentiment is positive due to growth prospects and strategic initiatives, suggesting a stock price increase of 2% to 8% over the next two weeks.