Acadia Realty Trust Q3 EPS $0.27 Down From $0.28 YoY, Sales $79.96M Beat $71.84M Estimate
Portfolio Pulse from mahesh@benzinga.com
Acadia Realty Trust (NYSE:AKR) reported Q3 earnings of $0.27 per share, a decrease of 3.57% YoY. However, the company beat the analyst consensus estimate with quarterly sales of $79.96 million, an increase of 1.92% YoY and 11.30% above the estimate.
October 30, 2023 | 8:58 pm
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NEUTRAL IMPACT
Acadia Realty Trust's Q3 earnings per share decreased by 3.57% YoY, but sales beat estimates by 11.30% and increased by 1.92% YoY.
While Acadia Realty Trust's earnings per share decreased YoY, the company beat sales estimates significantly. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100