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....
Read the full article on Seeking Alpha
For further details see:
Acadia Realty: Not A Great Way To Get Retail Space Exposure