Comprehensive Analysis of Acadia Realty Trust's First Quarter Financial Performance
RYE, N.Y. (AP) — Acadia Realty Trust (AKR) on Monday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Rye, New York, said it had funds from operations of $37 million, or 33 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 30 cents per share.
RYE, N.Y., April 29, 2024--Acadia Realty Trust (NYSE: AKR) ("Acadia" or the "Company") today reported operating results for the quarter ended March 31, 2024. For the quarter ended March 31, 2024, net earnings per share was $0.03. All per share amounts are on a fully-diluted basis, where applicable. Acadia operates a high-quality core real estate portfolio ("Core" or "Core Portfolio"), in the nation's most dynamic retail corridors, along with a fund business ("Funds") that targets opportunistic a