Acadia Realty Trust (AKR) Q3 FY2026 earnings

Reported results

• GAAP net loss per share for the three months ended September 30, 2026 was $0.03, compared to GAAP net earnings per share of $0.03 for the three months ended September 30, 2025.
• NAREIT FFO for the three months ended September 30, 2026 was $44.5 million, or $0.30 per share, compared to $38.6 million, or $0.28 per share, for the three months ended September 30, 2025.
• Non-GAAP FFO As Adjusted for the three months ended September 30, 2026 was $45.2 million, or $0.31 per share, compared to $39.7 million, or $0.29 per share, for the three months ended September 30, 2025.
• REIT Portfolio same-property NOI grew 10.2% for the third quarter of 2026 compared with the third quarter of 2025.
• GAAP Total revenues were $94.983 million for the three months ended September 30, 2026, compared to $101.006 million for the three months ended September 30, 2025.

Guidance

• Full-year 2026 revised GAAP net earnings per share attributable to Acadia guidance of $0.29-$0.30 (revised from $0.40-$0.41).
• Full-year 2026 NAREIT FFO per share attributable to Common Shareholders and Common OP Unit Holders guidance maintained at $1.19-$1.21.
• Full-year 2026 FFO As Adjusted per share attributable to Common Shareholders and Common OP Unit Holders guidance maintained at $1.24-$1.26.
• Anticipated full-year 2026 same-property NOI growth of 7.5% to 8.5%.

Notes

FFO As Adjusted is a new non-GAAP metric introduced starting in 2026.

Price and volatility reaction

The stock moved +1.9% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +26.8 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-11-02 (8-K, Item 2.02). Read the original filing on sec.gov.