SEC Filings

8-K
ACADIA REALTY TRUST filed this Form 8-K on 02/19/2019
Entire Document
 

 

2019 Guidance

The following guidance is based upon our current view of existing market conditions and assumptions for the year ending December 31, 2019. The Company forecasts that its 2019 annual earnings per share will range from $0.35 to $0.46 and 2019 FFO per share will range from $1.34 to $1.46. These forecasts, and the comparable 2018 FFO, both presented below, are before acquisition and gains/losses on sale or impairment of depreciated and non-operating assets:

  

 

 

2019 Guidance

 

2018 Actual

 

 

 

 

 

 

 

 

Net income per share attributable to Common Shareholders

 

$0.35 to $0.46

 

$

0.38

 

Impact of transactional activity and tenant recapture

 

(0.08) to (0.13)

 

 

(0.04

)

Depreciation of real estate and amortization of leasing costs

 

 

 

 

 

 

(net of noncontrolling interests' share)

 

0.96

 

 

0.98

 

Gain on disposition of properties (net of noncontrolling interests' share)

 

-

 

 

(0.01

)

Noncontrolling interest in Operating Partnership

 

0.02

 

 

0.03

 

Funds from operations, prior to transactional activity, per share

 

$1.25 to $1.31

 

$

1.34

 

 

 

 

 

 

 

 

Fund acquisitions and related fees

 

0.01 to 0.03

 

 

-

 

Net Promote and other transactional income

 

0.01 to 0.05

 

 

0.01

 

Accelerated tenant recapture - GAAP adjustments

 

0.07

 

 

0.03

 

Funds from operations per share attributable to Common Shareholders and Common OP Unit holders

 

$1.34 to $1.46

 

$

1.38

 

 

 

 

 

 

 

 

The Company is projecting same property net operating income growth (excluding redevelopment) of 3.0% to 4.0% for 2019. This growth is comprised of 5% to 7% within its street/urban portfolio and 0% to 1% within its suburban portfolio.

Please refer to the Company’s fourth quarter 2018 supplemental information package for additional details.

CONFERENCE CALL

Management will conduct a conference call on Thursday, February 14, 2019 at 12:00 PM ET to review the Company’s earnings and operating results. Dial-in and webcast information is listed below.

Live Conference Call:

Date:            Thursday, February 14, 2019

Time:           12:00 PM ET

Dial#:         844-309-6711

Passcode:     “Acadia Realty” or “6289135”

Webcast (Listen-only):  www.acadiarealty.com under Investors, Presentations & Events

Phone Replay:

Dial#:            855-859-2056

Passcode:      “6289135”

Available Through:    Thursday, February 21, 2019

Webcast Replay:      www.acadiarealty.com under Investors, Presentations & Events

 

 

 


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