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

Acadia Realty Trust

31/07/2024 01:01

* Acadia Realty Trust  AKR.N  reported quarterly adjusted
earnings
of 1 cent​​ per share for the quarter ended in June, identical
to the same quarter last year.  The mean expectation of
six analysts for the quarter was for earnings of 6 cents per
share. Wall Street expected results to range from 3 cents to 8
cents per share.
    * Revenue fell 2.9% to $85.63 million from a year ago;
analysts
expected $72.13 million. 
    * Acadia Realty Trust's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $1.15
million.
    * Acadia Realty Trust shares had risen by 14.8% this
quarter and
gained 21.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Acadia Realty
Trust is $18.00 
This summary was machine generated from LSEG data July 31 at
12:01 a.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
 Jun. 30 2024      0.31           0.31           Met
 Mar. 31 2024      0.30           0.33           Beat
 Jan. 1 0001       0.28           0.28           Met
 Sep. 30 2023      0.27           0.27           Met