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

Acadia Realty Trust

02/08/2023 02:07

* Acadia Realty Trust  AKR.N  reported quarterly adjusted
earnings
of 1 cent​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for breakeven
results per share.
    * Revenue rose 9.4% to $88.14 million from a year ago;
analysts
expected $73.25 million. 
    * Acadia Realty Trust's reported EPS for the quarter was 9
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Acadia Realty Trust shares had risen by 9.2% this
quarter and
gained 9.5% so far this year.
    * The company reported quarterly net income of $9.03
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 LSEG Refinitiv data
August 2 at 01:06 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.28           0.36           Beat
 Mar. 31 2023      0.36           0.40           Beat
 Dec. 31 2022      0.26           0.27           Beat
 Sep. 30 2022      0.27           0.28           Beat