Acadia Realty Trust (AKR) reported Q2 adjusted funds from operations late Tuesday of $0.31 per diluted share, up from $0.28 a year earlier.
Analysts polled by FactSet expected $0.30.
Revenue for the three months ended June 30 was $95.4 million, down from $100.6 million a year earlier.
Analysts expected $92.4 million.
For full-year 2026, the company now expects adjusted FFO per share of $1.24 to $1.26, up from $1.22 to $1.26 previously. Analysts expect $1.22.