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 +0.11% change 10 days following the report. On the earnings day itself, the stock moves by +0.36%. 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
93.33M
9.15%
6.37%
Gross Margin
30.90%
24.70%
-2.15%
Operating Margin
19.76%
59.10%
-0.90%
Net Margin
1.24%
110.36%
-91.12%
EPS
0.07
450.00%
0.00%
No Data Available
AKR Earnings Analysis
Acadia Realty Trust Corporation (AKR.N) Earnings Conference Call
Positive
Same Store NOI Growth: Over the last three years, Acadia Realty Trust has achieved over 5% same store NOI growth, with a significant contribution from the street retail segment, which is expected to continue driving high net effective growth and risk-adjusted returns.
New Lease Agreements Summary: In 2024, Acadia Realty Trust signed over 50 new leases totaling more than $13.5 million in annual rent, representing nearly 10% of total ABR, with overall spreads for the year totaling approximately 35%.
Strategic Acquisitions Impact: The company completed over $600 million in acquisitions, strategically adding street retail properties in key markets, which are expected to enhance earnings and net asset value.
Earnings and NOI Growth: Acadia Realty Trust's fourth quarter earnings per share increased by approximately 15% year-over-year, reaching $0.32, while same store NOI growth for the quarter was 5.7%, driven by over 12% growth from the street retail portfolio.
FFO Growth Projection: The company anticipates a 5.5% growth in FFO for 2025, with significant contributions expected from a signed not yet open pipeline of $7.7 million, which represents over 5% of core ABR.
Negative
Same Store NOI Growth: Same store NOI growth was reported at 5.7% for the quarter, but this was driven by a significant 12% growth from the street retail portfolio, indicating potential weakness in other segments.
Increased Bad Debt Reserve: The company anticipates a bad debt reserve of 125 basis points in their guidance, which is higher than historical levels, suggesting increased risk in tenant performance.
Urban Portfolio Occupancy Rate: Physical occupancy for the street and urban portfolio was reported at 90.6%, indicating a significant amount of vacant space that could hinder revenue growth.
Retailer Weakness Impact: The company acknowledged the reemergence of retailer weakness and bankruptcies, particularly among junior anchor retailers in suburban shopping centers, which could impact overall performance.
Acquisition Strategy Challenges: Despite a strong acquisition strategy, the company noted that the higher yielding bond market and potential for prolonged interest rates could negatively affect valuations and growth prospects.
AKR FAQs
How does AKR typically perform around its earnings report dates?
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AKR Earning Call Sentiment
Earnings call transcript: Acadia Realty Trust Q4 2024 earnings miss estimates
AKR.N
-0.04%Positive
The earnings call summary highlights strong financial performance, including 15% EPS growth, reduced debt ratios, and high occupancy. Despite some unclear responses in the Q&A, the overall sentiment remains positive due to optimistic guidance, projected growth in FFO, and strategic acquisitions. The company's strategic focus on key markets and disciplined funding further supports a positive outlook. Given the $1.8 billion market cap, the stock price is likely to see a moderate positive movement of 2% to 8% over the next two weeks.
