Acadia Realty Trust reports results for the quarter ended June 30 - Earnings Summary

• Acadia Realty Trust AKR.N reported quarterly adjusted earnings of 1 cent​​ per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of five analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 6 cents to 13 cents per share.

• Revenue rose 14.8% to $98.30 million from a year ago; analysts expected $89.88 million.

• Acadia Realty Trust's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $1.96 million.

• Acadia Realty Trust shares had risen by 0.2% this quarter and lost 23.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "buy"

• Wall Street's median 12-month price target for Acadia Realty Trust is $23.00, about 16.8% above its last closing price of $19.13

This summary was machine generated from LSEG data July 29 at 09:45 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)