Acadia Realty Trust Q2 FFO Shrinks - Quick Facts

(RTTNews) - Acadia Realty Trust (AKR) Monday reported second-quarter funds from operations, or FFO, of $17.3 million or $0.31 per share, up from $12.2 million or $0.27 per share in the same period last year.

On average, four analysts polled by Thomson Reuters expected the company to earn $0.30 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to common shareholders improved to $8.76 million or $0.16 per share from $6.84 million or $0.15 per share last year.

Income from continuing operations totaled $8.21 million or $0.15 per share, up from $5.85 million or $0.13 per share last year.

Revenues increased to $45.94 million from $32.75 million last year. Analysts expected revenues of $27.52 million.

Looking ahead to the fiscal 2013, the company has re-affirmed its full-year FFO outlook range of $1.17 to $1.25 per share. Analysts currently expect full-year FFO of $1.25 per share.

Earnings is expected to range between $0.66 and $0.71 per share.