ROIC - Acadia Realty: Not A Great Way To Get Retail Space Exposure

2024-01-31 07:01:13 ET

Summary

• Acadia Realty Trust owns and manages retail properties in metropolitan and suburban markets across the US.
• The company's portfolio includes properties in major cities such as Chicago, New York, Los Angeles, and San Francisco.
• Acadia's financial performance has been disappointing, with shrinking same-store NOI and FFO, as well as an ever-decreasing stock price.
• More importantly, the dividend profile isn't healthy and valuation not attractive enough to justify a purchase.

Acadia Realty Trust (AKR), founded in 1993 and headquartered in Rye, NY, is a REIT that owns, develops, acquires, and manages retail properties in metropolitan and suburban markets across the country....

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