Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual operating platforms (Core Portfolio and Investment Management) and its disciplined, location-driven investment strategy.
Acadia Realty Trust accomplishes this goal by:
Building a best-in-class Core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic corridors
Making profitable opportunistic and value- add investments through its Investment Management Platform
And maintaining a strong balance sheet.
ACADIA TOTAL OPERATING PORTFOLIO1
Core Portfolio
GLA at 100%
Pro-rata
Pro-rata Share
Pro-rata Share
Total
Share Total
Occupancy
Leased
Street & Urban
1,475
1,267
87.5%
90.2%
Suburban
3,910
3,751
93.2%
95.8%
Total Core
5,385
5,018
91.8%
94.4%
Investment Management
Total Funds
8,987
1,947
89.2%
92.7%
Total
14,372
6,965
1 As of 03/31/2024 AKR Supplemental Report. Square feet in '000s
4
Business Model Differentiation - Dual Platform
CORE/ON-BALANCE SHEET
Public Capital
Strategy: Open-air retail format agnostic depending on cycle and opportunities. Focused on high growth markets.
Institutional Capital: Utilizing institutional capital relationships.
Strategy: Opportunistic/Value-Add across capital stack, high-yielding, redevelopments and special situations.
INVESTMENT MANAGEMENT PLATFORM
CORE
COMPETENCY
DISTRESSED
RETAILER
REAL ESTATE
5
Our Differentiation is Driving Growth
Live, work, play
Street
50%
Suburban Urban
30% 20%
Stable
Densification
6
Our Prime Corridor Presence
Projected multi-year
annual growth approximately 10%
Greenwich, CT
Melrose Place
Los Angeles, CA
Henderson Ave,
SoHo, NYC, NY
Williamsburg,
Armitage Ave,
Dallas, TX
Brooklyn, NY
Chicago, IL
with Mark to Market ranging from
10% - 50%+
Rush-Walton,
Georgetown,
Chicago, IL
Washington D.C.
7
Building Blocks of Projected Core Internal NOI Growth
8-11%
Total Core NOI Growth of
$30-$40M Through 2026
Annual CAGR
2.5%
$22.5-30M
4-6%
Contractual
+
NOI Growth
Rent Steps
Annual CAGR
2-3%
Street/Urban
$7.5-10M
NOI Growth
Redevelopment
Repositioning - MTM
Suburban
2-3%
Lease-up
Components of
CAGR
Note: Based upon growth from 2023 through projected year-end 2026
8
Beyond Words, We Delivered
Our Core Portfolio HAS and IS POISED to grow 5-10%
What We Said
"In terms of the multi-year Core NOI growth trajectory…we are also starting to see the building blocks forming to grow
above and beyond that…And we are becoming increasingly optimistic that it shows up within the next few years."
(Q4-2020 Earnings Call)
What We Did
5-10% Projected Range
10%
Approx. 6.5% = AKR average of last 12 quarters
5%
9
Corporate Update
10
Attachments
Original Link
Original Document
Permalink
Disclaimer
Acadia Realty Trust published this content on
07 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
07 May 2024 20:47:57 UTC.
Acadia Realty Trust is a fully integrated equity real estate investment trust (REIT). The Company is focused on the ownership, acquisition, development, and management of retail properties located primarily in high-barrier-to-entry, supply-constrained, densely populated metropolitan areas in the United States. The Company operates through three segments: Core Portfolio, Funds and Structured Financing. The Company's Core Portfolio segment consists primarily of retail properties located primarily in high-barrier-to-entry, densely populated metropolitan areas with a long-term investment horizon. The Company's Funds segment holds primarily retail real estate in which the Company co-invests with high-institutional investors. The Company's Structured Financing segment consists of earnings and expenses related to notes and mortgages receivable, which are held within the Core Portfolio or the Funds. The Company has ownership interests in approximately 201 properties within its core portfolio.
ACADIA REALTY TRUST 
