Acadia Realty Trust is a retail REIT focused on affluent communities with high population density. The REIT has significantly outperformed the Vanguard Real Estate Index Fund ETF so far in 2024, pushing the proportion of net debt in enterprise value down to just 35%. Q2 2024 results were excellent, and the company increased its full-year outlook.
Here is how Acadia Realty Trust (AKR) and Allstate (ALL) have performed compared to their sector so far this year.
Acadia Realty Trust (NYSE:AKR ) Q2 2024 Earnings Conference Call July 31, 2024 11:00 AM ET Company Participants Ethan Gomez - Acquisitions Intern Ken Bernstein - President & Chief Executive Officer A.J. Levine - Senior Vice President, Leasing & Development John Gottfried - Executive Vice President, Chief Financial Officer Conference Call Participants Andrew Reale - Bank of America Linda Tsai - Jefferies Todd Thomas - KeyBanc Craig Mailman - Citi Michael Mueller - JPMorgan Ki Bin Kim - Truist Paulina Rojas-Schmidt - Green Street Operator Good day, and thank you for standing by.
Acadia Realty Trust (AKR) came out with quarterly funds from operations (FFO) of $0.31 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.36 per share a year ago.
Here is how Acadia Realty Trust (AKR) and Brown & Brown (BRO) have performed compared to their sector so far this year.