Acadia Realty Trust: Safe 4.2% Dividend Yield From Street Retail, But I'm Not Buying

deberarr/iStock via Getty ImagesAcadia Realty Trust's (NYSE:AKR) focus on street retail has made the ticker one of the more unique retail REITs in the space. The internally managed REIT is pursuing growth through its core portfolio of 139 operating properties spread across 5.4 million square feet of gross leasable area as of the end of the fourth quarter of 2023. AKR's pro-rata share of this at 5 million square feet was also 93% occupied and 95% leased at the end of the fourth quarter. The REIT also aim ...