Acadia Realty Trust Issues 2017 Earnings Guidance - Quick Facts

(RTTNews) - Acadia Realty Trust (AKR) announced the company forecasts its 2017 annual EPS will range from $0.58 to $0.63 and 2017 FFO will range from $1.44 to $1.54 per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.70. Analysts' estimates typically exclude special items.

Kenneth Bernstein, CEO of Acadia Realty Trust, said: "Looking ahead, to 2017 and beyond, our differentiated core portfolio, which is largely concentrated in five key gateway markets, has a strong growth profile, driven by our 2016 acquisitions and opportunities to harvest embedded value within our existing portfolio. Complementing this, our buy-fix-sell fund platform continues to operate on all cylinders, as we profitably monetize our completed value-add projects and plant seeds for future profit-taking. With plenty of dry powder in each of our dual platforms, we like how we're positioned."