Filing Flows › Acadia Realty Trust (AKR) › Q2 2025
Acadia Realty Trust (AKR) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Acadia Realty Trust (AKR) reported revenue of $101M for the second quarter 2025 (Q2 2025), +15% from a year earlier and -4% from the quarter before. Operating margin was 0.8%, net loss $20.9M (20.8% of revenue).
Acadia Realty Trust, Q2 2025: revenue $101M (+15% year over year), operating margin 0.8%, net loss $20.9M, operating cash flow $64.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $101M | -4% | +15% |
| Operating profit | $760K | -95% | — |
| Net earnings | −$20.9M | — | — |
| Operating cash flow | $64.8M | +150% | +102% |
| Free cash flow | $36.9M | +487% | +399% |
What changed
Revenue was $100.6M in Q2 2025, up 15% year over year and down 4% from the previous quarter.
Operating profit was $760K, a 0.8% margin (down 19.6 points year over year). Operating profit fell $17.0M even though revenue rose $13.3M versus a year earlier, so costs grew faster than sales. Total costs grew 44% against revenue growth of 15%. The fastest-growing cost line was Other operating costs (+49%). The quarter ended with a net loss of $20.9M, wider than the previous quarter's $11.7M loss. Minority interests bore $22.9M of it: to shareholders the quarter was a profit of $2.0M. Net interest and other expense of $21.5M was the main reason.
Operating cash flow was $64.8M (up 102% year over year). Non-cash charges added back $39.3M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $43.4M. Capital expenditures of $27.9M left free cash flow of $36.9M.
Questions
What was Acadia Realty Trust's revenue in the second quarter 2025?
Acadia Realty Trust (AKR) reported revenue of $101M for the second quarter 2025 (Q2 2025), +15% from a year earlier and -4% from the quarter before.
Was Acadia Realty Trust profitable in the second quarter 2025?
Operating profit was $760K (0.8% of revenue) and net loss $20.9M.