Acadia Realty Trust gains as Q3 FFO rises on strong leasing momentum
BUZZ-Acadia Realty Trust gains as Q3 FFO rises on strong leasing momentum ** Shares of US retail REIT Acadia Realty Trust AKR.N rise about 2% to $19.37 in premarket trading
** Co reports higher Q3 adjusted fund from operations as leasing momentum remained strong in key street retail corridors
** Posts Q3 adjusted FFO of 31 cents/share as compared to 29 cents/share from a year earlier
** AKR reports Q3 revenue of $94.08 million vs. analysts' average estimate of $89.68 million- data compiled by LSEG
** As of last close, stock had fallen 7.4% YTD
(Reporting by Apratim Sarkar in Bengaluru)