Acadia Realty Trust (AKR) Q2 FY26 earnings call

Acadia Realty Trust delivered a strong second quarter, driven by record street retail leasing activity and significant rent spreads, validating its street retail thesis. The company is actively expanding its street retail portfolio through accretive acquisitions, aiming for $1 billion by year-end, while strategically harvesting profits from its investment management platform. Despite global uncertainties, management expresses confidence in multi-year top-line and earnings growth, underpinned by structural advantages in street retail leases and a robust balance sheet.