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Acadia Realty Trust Q2 adjusted earnings of $0.34 per share

Acadia Realty Trust (AKR) revealed earnings for second quarter that fell from the same period last year.

The company's profit came in at $7.67 million, or $0.09 per share. This compares with $12.06 million, or $0.14 per share, in last year's second quarter.

Excluding items, Acadia Realty Trust reported adjusted earnings of $29.88 million or $0.34 per share for the period.

The company's revenue for the quarter rose 6.8% to $63.57 million from $59.50 million last year.

Acadia Realty Trust earnings at a glance:

-Earnings (Q2): $29.88 Mln. vs. $33.26 Mln. last year.
-EPS (Q2): $0.34 vs. $0.37 last year.
-Revenue (Q2): $63.57 Mln vs. $59.50 Mln last year.

Full year EPS guidance: $1.33 - $1.45

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