Acadia Realty Trust reports results for the quarter ended in December - Earnings Summary

Acadia Realty Trust

14/02/2023 22:55

* Acadia Realty Trust  AKR.N  reported quarterly adjusted
earnings
of 4 cents​​ per share for the quarter ended in December. The
mean expectation of five analysts for the quarter was
for earnings of 2 cents per share.
    * Revenue rose 2.3% to $79.34 million from a year ago;
analysts
expected $74.08 million. 
    * Acadia Realty Trust's reported EPS for the quarter was 4
cents​.
    * The mean earnings estimate of analysts had fallen by
about 27.2%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Acadia Realty Trust shares had risen by 5.4% this quarter.
    * The company reported quarterly net income of $3.78
million.
    * Wall Street's median 12-month price target for Acadia
Realty
Trust is $16.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
14 at 10:55 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.26           0.27           Beat
 Sep. 30 2022      0.27           0.28           Beat
 Jun. 30 2022      0.30           0.32           Beat
 Mar. 31 2022      0.30           0.33           Beat