Acadia Realty Trust Bottom Line Advances 44% In Q3

(RTTNews) - Acadia Realty Trust (AKR) revealed a profit for its third quarter that gained ground compared to the same period last year.

The company said its bottom line came in at $32.87 million, or $0.37 per share. This was higher than $22.83 million, or $0.27 per share, in last year's third quarter.

The company said revenue for the quarter rose 42.9% to $62.68 million. This was up from $43.86 million last year.

Acadia Realty Trust earnings at a glance:

-Earnings (Q3): $32.87 Mln. vs. $22.83 Mln. last year. -Earnings Growth (Y-o-Y): 44.0% -EPS (Q3): $0.37 vs. $0.27 last year. -EPS Growth (Y-o-Y): 37.0% -Revenue (Q3): $62.68 Mln vs. $43.86 Mln last year. -Revenue Change (Y-o-Y): 42.9%

-Guidance: Full year EPS guidance: $1.44 to $1.54