Business in the Burbs

Earnings rise at Acadia Realty Trust

April

Acadia Realty Trust, a real estate investment trust in White Plains that specializes in retail properties, reported earnings per share from continuing operations of 27 cents during the first quarter, up from 23 cents a year earlier. Occupancy at Acadia’s properties was 92.8 percent on March 31, down from 94.4 percent a year earlier. In January, Acadia paid $78 million to buy Cortlandt Towne Center, a 640,000-square-foot regional shopping center in Westchester County.

This entry was posted on Thursday, April 30th, 2009 at 2:23 pm by Mike Bieger.
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