Acadia Realty Trust reports results for the quarter ended in September 30 - Earnings Summary

Acadia Realty Trust

28/10/2024 19:52

* Acadia Realty Trust  AKR.N  reported quarterly adjusted
earnings
of 7 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -2 cents.  The mean expectation of six analysts
for the quarter was for earnings of 8 cents per share. Wall
Street expected results to range from 1 cents to 11 cents per
share.
    * Revenue rose 7.8% to $87.75 million from a year ago;
analysts
expected $75.38 million. 
    * Acadia Realty Trust's reported EPS for the quarter was 7
cents​.
    * The company reported quarterly net income of $8.11
million.
    * Acadia Realty Trust shares had risen by 2.3% this
quarter and
gained 41.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"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 $24.00 
This summary was machine generated from LSEG data October 28 at
07:52 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
 Sep. 30 2024      0.32           0.32           Met
 Jun. 30 2024      0.31           0.31           Met
 Mar. 31 2024      0.30           0.33           Beat
 Dec. 31 2023      0.28           0.28           Met