Acadia Realty Trust Reports First Quarter 2020 Operating Results

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Go back to Acadia Realty Trust Reports First Quarter 2020 Operating Results

Acadia Realty Trust (AKR) Misses Q1 EPS by 16c, Revenues Beat

May 5, 2020 5:16 PM EDT

Acadia Realty Trust (NYSE: AKR) reported Q1 EPS of ($0.10), $0.16 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $71.42 million versus the consensus estimate of $63.33 million.

Highlights

Earnings: Other than the impacts from the COVID-19 Pandemic, earnings were on target with initial expectations:GAAP loss per share of $(0.10), inclusive of impairment charges on real property within the Funds of $0.14 per share and FFO per share of $0.30 for the first quarter, which includes $0.04 of credit loss and... More