Acadia Realty Trust FY2025 net income attributable to shareholders drops 22% to USD 16.90 million

Reuters
Feb 14
Acadia Realty Trust FY2025 net income attributable to shareholders drops 22% to USD 16.90 million

Acadia Realty Trust reported full-year (FY) 2025 net income attributable to shareholders of USD 16.90 million. Funds from operations (FFO), a key performance metric for real estate investment trusts, were positively influenced by depreciation of real estate and amortization of leasing costs, which totaled USD 128.36 million, and impairment charges of USD 9.57 million, both net of noncontrolling interests' share. Rental revenues for Acadia’s REIT Portfolio grew significantly in FY 2025, with an increase of USD 45.60 million primarily driven by new property acquisitions—including the acquisition and consolidation of an additional interest in the Renaissance Portfolio—lease termination income at City Center in San Francisco, and new tenant leasing activity. The company owned or held interests in 228 properties as of December 31, 2025, focusing on street and urban retail, as well as suburban shopping centers in high-barrier, supply-constrained markets. Segment net income attributable to shareholders for the REIT Portfolio increased by USD 10.50 million for the year, while investment management segment net income attributable to shareholders decreased by USD 10.30 million. The company also reported a decrease in realized and unrealized holding losses on investments, mainly related to its investment in Albertsons. Acadia Realty Trust’s revenues continue to be predominantly derived from rental income and tenant expense reimbursements, supported by the stability of its core REIT portfolio.

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