04:47 AM EDT, 07/31/2024 (MT Newswires) -- Acadia Realty Trust ( AKR ) reported Q2 funds from operations late Tuesday of $0.25 per diluted share, down from $0.37 a year earlier.

Analysts polled by Capital IQ expected $0.31.

Revenue for the quarter ended June 30 was $87.3 million, compared with $89.9 million a year earlier.

A single analyst surveyed by Capital IQ expected $82.2 million.

For 2024, the company said it now expects FFO before special items to be between $1.26 and $1.32 per share, compared with the prior outlook of between $1.24 and $1.32. Three analysts surveyed by Capital IQ expect $1.27.

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