Acadia Realty Trust reports Q3 FFO Before Special Items 27c, consensus 27c

Reports Q3 revenue $81.39M, consensus $71.84M. Reports Q3 Same-property NOI growth of 5.8%. Kenneth F. Bernstein, President and CEO of Acadia Realty Trust, commented: “This quarter marks the eighth of the last ten quarters with our Core same-property NOI growth at 5% or higher with an average of 6.8% over that period. Despite macro uncertainties, this consistently strong internal growth is driven by great tenant demand and tenant performance. Additionally, we are strategically pursuing accretive investment opportunities emerging from capital market disruptions, remaining actively engaged with our institutional capital partners to benefit both Acadia’s shareholders and our partners.”