REIT boardRanked among REITs, not on the main board. A REIT's earnings are dominated by depreciation on assets that typically appreciate, so net margin and return on assets understate it against an operating company.
AI-extracted from the 10-Q filed 2026-04-29 — Q1 2026 (three months ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Acadia Realty Trust delivered $30.5M net income to shareholders in Q1 2026, driven by $142.1M gain on disposition of Investment Management properties and $78.7M in REIT Portfolio acquisitions.
Biggest Revenue Drivers
Rental revenue$98.6M-4% YoY
Decrease due to non-recurring $8.4M termination income in prior year Q1, partially offset by REIT acquisitions and lease-up activity.
Biggest Revenue Drivers
Total revenue: $103.0M-1% YoY
Rental revenue$98.6M-4% YoY
Decrease due to non-recurring $8.4M termination income in prior year Q1, partially offset by REIT acquisitions and lease-up activity.
Largest Expense Items
Depreciation and amortization$40.2M+2% YoY
Increased due to acquisitions and development activity.
General and administrative$15.3M+32% YoY
Higher compensation expenses, legal expenses, transaction costs, and accelerated compensation cost from change in expected service period.
Property operating expenses$18.2M-1% YoY
Relatively flat, with increases at Investment Management offset by better control at REIT properties.
Real estate taxes$12.9M-3% YoY
Decrease primarily due to property dispositions and transitions to joint ventures.
Watch Items from the Filing
$235.9M of consolidated debt matures in remainder of 2026, with extension options on only $134.2M; additional $153.8M matures in 2027 with $96.3M in extension options available. Refinancing risk in rising rate environment.
Investment Management platform experienced significant transition with $608.8M in dispositions and recapitalizations in Q1 2026, reducing consolidated properties; future profitability dependent on fee income from joint venture partnerships.
Three reportable segments: REIT Portfolio ($5.1M net income), Investment Management ($35.9M, driven by gains), and Structured Financing ($4.8M interest income); heavy reliance on Investment Management gains for quarterly profitability.
Operating Partnership controls 96% of Acadia Realty Limited Partnership; limited partners hold 2.3M Common OP Units, 188 Series A Preferred Units, and 6.2M LTIP Units with conversion/exchange rights, creating ongoing dilution.
Consolidated variable-rate debt of $298.8M (18.6% of total) exposed to SOFR increases; 100 basis point rise would increase annual interest expense by $3.0M despite $1.05B of hedges in place.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About ACADIA REALTY TRUST (AKR): stock profile, AI score and financials
ACADIA REALTY TRUST (AKR) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro's AI-powered ranking engine scores AKR at 56.3/100 on a composite quality score built from its SEC filings, placing it at rank #65 of 148 stocks — the top half of the AI-ranked universe. Based on the latest XBRL financial filings (Q2 2026), ACADIA REALTY TRUST reports quarterly revenue of $95.4M, net income of $22.8M, an operating margin of 23.8%. Top institutional holders of AKR by reported 13-F value include BlackRock, COHEN & STEERS, FMR, based on the most recent SEC filings. AKR trades on the NYSE exchange and files with the SEC under CIK 899629. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AKR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ACADIA REALTY TRUST directly from SEC EDGAR.