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Acadia Realty Says FFO Up 15%
Acadia Realty Trust(AKR Quote), which owns and rents commercial space to retailers, said funds from operation, or FFO, rose 15% in the first quarter, beating analysts' estimates.
The company's FFO, a widely watched performance metric for real-estate investment trusts, came in at $14.3 million, or 41 cents a share, compared with $12.4 million, or 36 cents a share a year ago. Analysts were expecting 32 cents a share.
Total revenue in the quarter was $35.1 million, up from $28 million last year. ...
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