Acadia Realty Trust (AKR) Misses Q2 EPS by 5c; updates guidance

Acadia Realty Trust (NYSE: AKR) reported Q2 EPS of $0.01, $0.05 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $87.25 million versus the consensus estimate of $70.16 million.

GUIDANCE:

Acadia Realty Trust sees FY2024 Net earnings per share to $0.07-$0.11 from $0.07-$0.13
NAREIT FFO per share to $1.09-$1.13 from $1.09-$1.15
FFO Before Special Items per share to $1.26-$1.32 from $1.24-$1.32

For earnings history and earnings-related data on Acadia Realty Trust (AKR) click here.

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