Acadia Realty Trust Q3 2024 FFO $0.32, Inline, Sales $86.288M Beat $75.384M Estimate
Portfolio Pulse from Benzinga Newsdesk
Acadia Realty Trust reported Q3 2024 earnings per share of $0.32, meeting analyst expectations. The company's sales were $86.288 million, surpassing the $75.384 million estimate by 14.46% and marking a 7.91% increase from the previous year.
October 28, 2024 | 11:02 am
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Acadia Realty Trust's Q3 2024 earnings per share met expectations at $0.32, while sales exceeded estimates by 14.46%, reaching $86.288 million. This represents a 7.91% increase from the previous year.
The company's earnings per share met expectations, which is neutral, but the significant sales beat and year-over-year growth are positive indicators. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100