Acadia Realty Trust (AKR) Tops Q4 EPS by 1c

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Go back to Acadia Realty Trust (AKR) Tops Q4 EPS by 1c

Acadia Realty Trust Reports Fourth Quarter and Full Year 2022 Operating Results

February 14, 2023 4:15 PM EST

RYE, N.Y.--(BUSINESS WIRE)-- Acadia Realty Trust (NYSE: AKR) (Acadia or the Company) today reported operating results for the quarter and year ended December 31, 2022. For the quarter ended December 31, 2022, net earnings per share was $0.04 and for the year ended December 31, 2022, net loss per share was $0.40, primarily due to (i) Core and Fund non-cash impairment charges incurred during the three months ended September 30, 2022, as fully detailed in the third quarter 2022 earnings release dated November 1, 2022 and the Form 10-Q for the quarter ending September 30, 2022 and (ii) unrealized mark-to-market holding losses on its investment in... More