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

Acadia Realty Trust

13/02/2024 23:23

* Acadia Realty Trust  AKR.N  reported a quarterly adjusted
loss
of 2 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 4 cents.  The mean expectation of four analysts for the
quarter was for earnings of 2 cents per share. Wall Street
expected results to range from 1 cents to 3 cents per share.
    * Revenue rose 6.1% to $84.21 million from a year ago;
analysts
expected $75.12 million. 
    * Acadia Realty Trust's reported EPS for the quarter was a
loss
of 2 cents​.
    * The company reported a quarterly loss of $1.58 million.
    * Acadia Realty Trust shares had risen by 0.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for Acadia Realty
Trust is $18.00 
This summary was machine generated from LSEG data February 13 at
11:23 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.28           0.28           Met
 Sep. 30 2023      0.27           0.27           Met
 Jun. 30 2023      0.28           0.36           Beat
 Mar. 31 2023      0.36           0.40           Beat