Acadia Realty Trust Reports Gain In Q2 Profit

(RTTNews) - Acadia Realty Trust (AKR) reported earnings for its second quarter that increased from last year.

The company's earnings totaled $9.08 million, or $0.11 per share. This compares with $7.67 million, or $0.09 per share, in last year's second quarter.

Analysts had expected the company to earn $0.05 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.8% to $71.06 million from $63.57 million last year.

Acadia Realty Trust earnings at a glance:

-Earnings (Q2): $9.08 Mln. vs. $7.67 Mln. last year. -EPS (Q2): $0.11 vs. $0.09 last year. -Analysts Estimate: $0.05 -Revenue (Q2): $71.06 Mln vs. $63.57 Mln last year.

-Guidance: Full year EPS guidance: $0.39 to $0.46