Acadia Realty Trust: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 03:49 AM ET
Last Updated - Jul 31, 2024, 03:49 AM EDT
RYE, N.Y. (AP) — RYE, N.Y. (AP) — Acadia Realty Trust (AKR) on Tuesday reported a key measure of profitability in its second quarter. The results matched Wall Street expectations.
The real estate investment trust, based in Rye, New York, said it had funds from operations of $34.4 million, or 31 cents per share, in the period.
The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 31 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
