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.