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Earnings analysis · 10-Q

AKR earnings analysis

Filed April 29, 2026 · Our reading of the company's report

The latest report

Acadia Realty Trust (AKR) reported Q1 2026 revenue of $98.568 million, slightly missing estimates of $98.612 million. EPS of $0.26 was below the expected $0.30, indicating ongoing challenges despite a year-over-year…

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Acadia Realty Trust (AKR) reported Q1 2026 revenue of $98.568 million, slightly missing estimates of $98.612 million. EPS of $0.26 was below the expected $0.30, indicating ongoing challenges despite a year-over-year revenue growth of 14.2%. The balance sheet showed increased debt levels and a modest decrease in cash, indicating potential liquidity concerns.

Read the original on SEC.gov

Reported figures

Earnings per share
$0.26
Gross margin
82.5%

What stood out

  • Revenue of $98.568M, 14.2% YoY Growth

    Total revenue reached $98.568 million, up 14.2% compared to Q1 2025.

  • Gross Margin at 82.5%

    The gross margin improved slightly to 82.5%, compared to 81.9% in the previous quarter.

  • FFO As Adjusted Guidance Raised

    Management raised full-year FFO As Adjusted guidance to $1.22-$1.26 from $1.21-$1.25.

  • Operating Cash Flow Positive

    Operating cash flow remained positive at $6M, albeit lower than prior quarters.

  • $14M Free Cash Flow in Q1 2025

    The company's free cash flow in the same quarter last year was $14 million, but decreased to $6 million this period.

  • Debt Increased to $1.604B

    Total debt as of March 31, 2026, was $1,604.3 million, indicating increased leverage.

What to watch

  • EPS Miss by 13.33%

    EPS reported at $0.26 vs. estimate of $0.30, a miss of 13.33%.

  • Increased Total Debt

    Total property mortgage loans and notes payable increased to $1,604.3 million from $1,500 million.

  • Liquidity Concerns with Lower Cash Balance

    Cash decreased significantly, impacting liquidity, although exact current cash and equivalents are not disclosed.

Management's outlook

Management raised Q2 and full-year 2026 EPS guidance to $0.37-$0.39.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.