Acadia Realty Trust Q4 FFO $0.28 Up From $0.27 YoY, Sales $84.20M Beat $75.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Acadia Realty Trust (AKR) reported a Q4 FFO of $0.28 per share, up 3.7% from $0.27 YoY. Quarterly sales were $84.20M, beating the $75.11M estimate, a 6.14% increase from $79.33M YoY.
February 13, 2024 | 9:24 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Acadia Realty Trust reported a positive Q4 with FFO per share increasing to $0.28, up 3.7% YoY, and sales reaching $84.20M, exceeding estimates by 12.11%.
The positive earnings report from Acadia Realty Trust, showing both an increase in FFO per share and sales beating estimates, is likely to instill investor confidence and potentially drive the stock price up in the short term. The significant beat on sales estimates and year-over-year growth in both metrics highlight the company's strong performance and operational efficiency.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100