Business in the Burbs

Acadia Realty Trust reports results

October

Acadia Realty Trust, a real estate investment trust in White Plains, earned 12 cents a share in the third quarter ended Sept. 30, compared to 20 cents a share a year ago. Funds from operations, a widely accepted measure of a trustÃ¢â‚¬â„¢s performance, was $10 million, or 30 cents a share. A year ago, the figure was $9.9 million, or 30 cents a share. Acadia specializes in shopping centers anchored by grocery and value-priced stores. Occupancy in the quarter was 93 percent.

This entry was posted on Wednesday, October 25th, 2006 at 6:26 pm by Julie Moran Alterio. You can follow any responses to this entry through the RSS 2.0 feed.
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