Acadia Realty Trust Q1 adjusted earnings of $0.33 per share

(RTTNews) - Acadia Realty Trust (AKR) reported a profit for first quarter that decreased from last year.

The company's earnings totaled $7.42 million, or $0.09 per share. This compares with $15.63 million, or $0.18 per share, in last year's first quarter.

Excluding items, Acadia Realty Trust reported adjusted earnings of $29.12 million or $0.33 per share for the period.

The company's revenue for the quarter rose 1.8% to $63.12 million from $62.00 million last year.

Acadia Realty Trust earnings at a glance:

-Earnings (Q1): $29.12 Mln. vs. $35.48 Mln. last year. -EPS (Q1): $0.33 vs. $0.40 last year. -Revenue (Q1): $63.12 Mln vs. $62.00 Mln last year.