Acadia Realty Trust Reports Second Quarter 2019 Operating Results
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Acadia Realty Trust (AKR) Tops Q2 EPS by 6c, Revenues Beat; Raises FY19 EPS/FFO Guidance
July 22, 2019 4:23 PM EDTAcadia Realty Trust (NYSE: AKR) reported Q2 EPS of $0.11, $0.06 better than the analyst estimate of $0.05. Revenue for the quarter came in at $71.06 million versus the consensus estimate of $51.85 million.
Highlights
Earnings: Generated GAAP earnings per share of $0.11 and FFO per share of $0.36 for the second quarterCore Portfolio Operating Results:Driven by the strength of its street and urban portfolio, the Company generated higher than expected same-property net operating income growth of 4.8% for the second quarter (excluding redevelopments)Continued leasing progress across the portfolio including the execution of... More