Acadia Realty Trust Q2 2024 FFO $0.31, Inline, Sales $85.626M Beat $72.133M Estimate
Portfolio Pulse from Benzinga Newsdesk
Acadia Realty Trust (NYSE:AKR) reported Q2 2024 earnings per share of $0.31, meeting analyst expectations. The company achieved quarterly sales of $85.626 million, surpassing the $72.133 million estimate by 18.71%, despite a 2.85% decrease from the same period last year.
July 30, 2024 | 8:21 pm
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Acadia Realty Trust reported Q2 2024 earnings per share of $0.31, meeting analyst expectations. The company achieved quarterly sales of $85.626 million, surpassing the $72.133 million estimate by 18.71%, despite a 2.85% decrease from the same period last year.
The earnings per share meeting expectations is neutral, but the significant beat on sales estimates by 18.71% is positive. The slight year-over-year decrease in sales is a minor negative but is outweighed by the strong performance against estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100