Acadia Realty Trust (NYSE:AKR) Announces Quarterly Dividend of $0.20

Acadia Realty Trust (NYSE:AKR) declared a quarterly dividend on Tuesday, May 12th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.20 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, June 30th.

Acadia Realty Trust has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Acadia Realty Trust has a dividend payout ratio of 222.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Acadia Realty Trust to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 60.2%.

Acadia Realty Trust Stock Down 2.0%

Acadia Realty Trust stock traded down $0.44 during midday trading on Wednesday, hitting $21.16. 381,005 shares of the company were exchanged, compared to its average volume of 1,224,772. The company has a market cap of $2.82 billion, a PE ratio of 70.60, a price-to-earnings-growth ratio of 2.18 and a beta of 1.10. Acadia Realty Trust has a fifty-two week low of $18.04 and a fifty-two week high of $22.36. The company’s fifty day moving average price is $20.59 and its 200-day moving average price is $20.40. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.17 and a quick ratio of 1.17.

Acadia Realty Trust (NYSE:AKR) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.17. The company had revenue of $102.99 million during the quarter, compared to the consensus estimate of $94.21 million. Acadia Realty Trust had a net margin of 9.77% and a return on equity of 1.51%. Acadia Realty Trust’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. Acadia Realty Trust has set its FY 2026 guidance at 1.220-1.260 EPS. On average, research analysts predict that Acadia Realty Trust will post 1.24 EPS for the current fiscal year.

About Acadia Realty Trust

Acadia Realty Trust (NYSE: AKR) is a Maryland real estate investment trust (REIT) that focuses on the acquisition, development, ownership and operation of grocery-anchored and necessity-based shopping centers. The company targets retail properties that serve densely populated urban and suburban markets and typically feature essential tenants such as supermarkets, drugstores, fitness centers and other service-oriented retailers. As a self-managed REIT, Acadia oversees leasing, property management, financing and construction activities through its in-house platform.

Acadia’s portfolio is diversified across property types and lease structures, with an emphasis on sites that benefit from long-term consumer traffic and resilient tenancy.