Acadia Realty Trust (NYSE: AKR) is included among the 13 Best Dividend Stocks to Buy Under $25.
On June 9, Truist raised the firm’s price recommendation on Acadia Realty Trust (NYSE:AKR) to $24 from $23. It reiterated a Buy rating on the shares. In a research note, analyst Michael Lewis said the REIT’s above-average projected earnings growth could help support continued momentum.
During the company’s first-quarter 2026 earnings call, President, CEO, and Trustee Kenneth Bernstein said Acadia Realty Trust delivered 11% year-over-year earnings growth, driven in part by nearly 6% same-store growth. He also noted that the company completed more than $2.5 billion in transaction activity during the quarter. This included $600 million in new investments, more than $500 million in recapitalizations within its investment management platform, and the creation of a new $1.4 billion corporate borrowing facility.
Executive Vice President of Leasing and Development Alexander Levine said the company’s share of signed leases in the first quarter added another $3.5 million. He added that the pipeline of new leases in advanced negotiations had grown to $11.5 million.
Acadia Realty Trust (NYSE:AKR) is an equity real estate investment trust (REIT). The company focuses on the ownership, acquisition, development, and management of retail properties, primarily in densely populated metropolitan markets across the United States that have high barriers to entry and limited supply.
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