Acadia Realty Trust (AKR) reported first-quarter Funds from operations or FFO of $9.3 million or $0.21 per share, compared to $13 million or $0.33 per share last year.
Net income attributable to common shareholders was $4.0 million or $0.09 per share, down from $9.4 million or $0.23 per share in the comparable quarter last year.
The company reported total revenues of $39.63 million, compared to $37.45 million in the prior year.
Street analysts expected the company to report FFO of $0.22 per share and revenues of $22.11 million for the quarter. Analysts' estimates typically excludes special items.
Looking ahead to 2012, the company expects FFO to range from $1.00 to $1.05 per share and earnings from $0.54 per share to $0.60 per share. Analysts currently expect earnings of $1.04 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.