Filing Flows › Acadia Realty Trust (AKR) › Q1 2025
Acadia Realty Trust (AKR) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Acadia Realty Trust (AKR) reported revenue of $104M for the first quarter 2025 (Q1 2025), +14% from a year earlier and +12% from the quarter before. Operating margin was 14.7%, net loss $11.7M (11.2% of revenue).
Acadia Realty Trust, Q1 2025: revenue $104M (+14% year over year), operating margin 14.7%, net loss $11.7M, operating cash flow $25.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $104M | +12% | +14% |
| Operating profit | $15.3M | -6% | — |
| Net earnings | −$11.7M | -237% | — |
| Operating cash flow | $25.9M | -32% | -0.4% |
| Free cash flow | $6.3M | -69% | -52% |
What changed
Revenue was $104.4M in Q1 2025, up 14% year over year and up 12% from the previous quarter.
Operating profit was $15.3M, a 14.7% margin (down 0.7 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, below the 15% margin then. Total costs grew 15% against revenue growth of 14%. The fastest-growing cost line was General & admin (+19%). The quarter ended with a net loss of $11.7M, after a profit of $1.2M the previous quarter. Minority interests bore $13.3M of it: to shareholders the quarter was a profit of $1.6M. Net interest and other expense of $26.9M was the main reason.
Operating cash flow was $25.9M (roughly flat year over year). Non-cash charges added back $39.4M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $4.5M. Capital expenditures of $19.6M left free cash flow of $6.3M.
Questions
What was Acadia Realty Trust's revenue in the first quarter 2025?
Acadia Realty Trust (AKR) reported revenue of $104M for the first quarter 2025 (Q1 2025), +14% from a year earlier and +12% from the quarter before.
Was Acadia Realty Trust profitable in the first quarter 2025?
Operating profit was $15.3M (14.7% of revenue) and net loss $11.7M.