💨 Abstract

Acadia Realty Trust reported first-quarter results surpassing Wall Street expectations with funds from operations of $43.4 million, or 34 cents per share. The real estate investment trust anticipates full-year funds from operations between $1.32 and $1.39 per share. Shares have fallen 19% since the start of the year but climbed 11% over the past 12 months.

Courtesy: wtop.com

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