Acadia Realty Trust

Acadia’s rent base is predominantly multi‑year leases with average terms near five years and rising occupancy, which supports baseline predictability.

Management’s 2026 outlook calls for 5 to 9 percent same‑property NOI growth and FFO As Adjusted of 1.24 to 1.26 per share, up from 2025. Yet street retail remains more economically sensitive than grocery‑anchored centers, and results are influenced by transaction timing in the investment management platform.

Geographic focus in premier coastal markets adds exposure to tourism and office‑adjacent foot‑traffic trends. We judge medium predictability with improving trajectory given the larger SNO pipeline and corridor densification.