Acadia Realty Trust (AKR) reported Q1 adjusted funds from operations Tuesday of $0.34 per share, up from $0.33 a year earlier.
Three analysts polled by FactSet expected $0.31.
Revenue for the quarter ended March 31 was $102.6 million, up from $86 million a year earlier.
Analysts surveyed by FactSet expected $81.4 million.