Acadia Realty Trust (AKR) Tops Q2 EPS by 3c

Acadia Realty Trust (NYSE: AKR) reported Q2 EPS of $0.09, $0.03 better than the analyst estimate of $0.06.

Core Portfolio Operating Results: Solid Core operating fundamentals

• Achieved over 75% of our 2018 leasing goals to date based on NOI, representing approximately $6.0 million of annualized NOI
• Rent growth of 8.7% on new and renewal leases for the quarter on a cash basis
• Reported 95.3% leased occupancy as of June 30, 2018
• Higher than anticipated same-property net operating income growth of 0.8% for the second quarter (excluding redevelopment)

For earnings history and earnings-related data on Acadia Realty Trust (AKR) click here.

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