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

Acadia Realty Trust

30/04/2024 03:11

* Acadia Realty Trust  AKR.N  reported quarterly adjusted
earnings
of 3 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 14 cents.  The mean expectation of six analysts for the
quarter was for earnings of 6 cents per share. Wall Street
expected results to range from 2 cents to 19 cents per share.
    * Revenue rose 6.6% to $86.04 million from a year ago;
analysts
expected $80.19 million. 
    * Acadia Realty Trust's reported EPS for the quarter was 3
cents​.
    * The company reported quarterly net income of $2.98
million.
    * Acadia Realty Trust shares had risen by 1.8% this
quarter and
gained 1.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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." 
    * 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 April 30 at
02:11 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
 Mar. 31 2024      0.30           0.33           Beat
 Dec. 31 2023      0.28           0.28           Met
 Sep. 30 2023      0.27           0.27           Met
 Jun. 30 2023      0.28           0.36           Beat