Acadia Realty Trust Q3 FFO Rises - Quick Facts

(RTTNews) - Acadia Realty Trust (AKR) Tuesday said third-quarter funds from operations, or FFO, increased to $17.93 million or $0.32 per share from $12.71 million or $0.27 per share in the same period last year.

On average, eight analysts polled by Thomson Reuters expected the company to report FFO of $0.31 per share for the quarter. Analysts' estimates typically exclude special items.

Net income attributable to common shareholders improved to $9.49 million or $0.17 per share from $7.58 million or $0.16 per share last year.

Revenues increased to $40.32 million from $28.83 million last year. Analysts expected revenues of $28.26 million.

Looking ahead, the company currently projects full-year earnings in a range of $1.26 to $1.29 per share, up from its previous guidance range of $1.17 to $1.25 per share. Analysts currently expect the company to report full-year FFO of $1.25 per share.

Earnings are projected in a range of $0.69 to $0.72 per share, up from $0.66 to $0.71 per share, issued previously.