Acadia Realty Trust reported net earnings per share attributable to Acadia of $0.01 for the second quarter ended June 30, 2025, consistent with $0.01 per share in Q2 2024. Funds From Operations (FFO) Before Special Items per share increased to $0.32, up from $0.31 in the prior year period.
The company completed approximately $157 million of acquisitions during the second quarter of 2025, strategically expanding its scale in key New York City corridors such as Williamsburg and Flatiron/Union Square. These investments contribute to Acadia's strategy of curation and value creation in high-growth urban markets.
Acadia enhanced its liquidity by entering into a new five-year $250 million delayed draw term loan, with $175 million drawn at closing at an initial rate of approximately 4.6% inclusive of interest rate swaps. The proceeds were used to repay outstanding amounts on its revolving credit facility and a secured obligation. The company maintained its 2025 FFO Before Special Items per diluted share guidance, while updating its net earnings per diluted share guidance to $0.09-$0.13.
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