Acadia Realty Trust (AKR) stock surged 9.47% in the trading session on WEDNESDAY, driven by the company's impressive fourth-quarter earnings and optimistic guidance for the year 2025.
The real estate investment trust reported adjusted funds from operations (AFFO) of $0.32 per diluted share for the fourth quarter, exceeding analysts' expectations of $0.28 per share. Revenue climbed 8.8% year-over-year to $91.58 million, surpassing estimates of $79.68 million. The company's strong performance was fueled by robust demand for its high-quality retail properties and effective leasing strategies.
Furthermore, Acadia Realty Trust provided an upbeat outlook for the current fiscal year. The company forecasts AFFO in the range of $1.30 to $1.39 per diluted share, surpassing analysts' consensus estimate of $1.29. This positive guidance reflects Acadia's confidence in its ability to capitalize on favorable market conditions and deliver solid growth through strategic acquisitions and value-enhancing initiatives.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。