Acadia Realty Trust (AKR) Corporate presentation summary

Business model and portfolio overview

• Focuses on long-term, profitable growth through dual operating platforms and a disciplined, location-driven investment strategy.

• Manages $3.5B in REIT portfolio assets (80% NAV) and $3.0B in investment management assets (20% NAV).

• Portfolio includes over 200 properties and 14M square feet, with a strong concentration in open-air street retail in top urban corridors.

• Achieves 5% multi-year internal growth prior to external growth initiatives.

Internal growth and leasing fundamentals

• Q1 2026 same property growth reached 5.9%, with an 11% YoY increase in quarterly FFO and 570 bps YoY gain in street/urban economic occupancy.

• Internal growth levers include lease-up, redevelopments, mark-to-market rent increases, and contractual rent steps.

• Street retail assets structured for higher rent growth, lower leasing capex, and shorter payback periods compared to suburban assets.

• High tenant demand and critical mass in prime corridors drive rent growth and occupancy gains, with 40%+ spreads on mark-to-market leases.

• San Francisco and Dallas projects expected to contribute $0.03–$0.05 of FFO accretion as lease-up and development phases progress.

External growth and acquisitions

• Completed $1.5B in acquisitions from 2024 to April 2026, split between $700M REIT and $800M investment management assets.

• Investments focused on scaling in established markets like SoHo NYC, Georgetown DC, Flatiron/Union Square NYC, and entering new markets such as Palm Beach and Boston.

• Achieved 50%+ mark-to-market rent increases on Newbury Street, Boston, after investing $109M to secure additional storefronts.

• Follows tenants into new markets and acts as a first call for expansion, enhancing control and curation in key corridors.