Company

First Call Mean Estimates
Fiscal Year Ending: Dec - Last Changed: 04/09/10

YR
ENDING
Q1
MAR
Q2
JUN
Q3
SEP
Q4
DEC
FISC YR
ANNUAL
NUM. BROKERS
(FISC)
CAL YR
ANNUAL
NUM. BROKERS
(CAL)
2014 0 1.00 1
2013 1.24 2 1.24 2
2012 0.28 0.29 1.23 6 1.23 6
2011 0.28 0.29 0.29 0.30 1.17 11 1.17 11
2010 0.25 0.43 0.28 0.27 1.23 10 1.23 10
2009 0.41 0.30 0.33 0.25 1.28 11 1.28 11
2008 0.38 0.41 0.28 0.12 1.16 5 1.16 5
2007 0.36 0.26 0.39 0.29 1.30 6 1.30 5
2006 0.28 0.30 0.30 0.31 1.19 6 1.19 6
2005 0.27 0.26 0.30 0.26 1.07 6 1.07 6
2004 0.24 0.26 0.23 0.25 0.98 6 0.98 5
2001 0.20 0.21 0.21 0.23 0.86 0 0.86 0
1998 0.26 0.24 0.15 0.17 0.72 0 0.82 0


Mean Recommendation:
Mean Future 5 Year Growth Rate:

Covering Analyst

Firm Analyst
Bank of America/Merrill Lynch Craig Schmidt
Bank of Montreal Paul Adornato
Citigroup - Smith Barney Quentin Velleley
Cowen and Company Stephen Boyd
Green Street Advisors Jim Sullivan
Janney Montgomery Scott Andrew DiZio
JP Morgan Securities Inc. Michael Mueller
Keefe, Bruyette & Woods, Inc. Sheila McGrath
KeyBanc Capital Markets, Inc. Todd Thomas
Macquarie Capital (USA) Dave Wigginton
RBC Capital Markets Rich Moore
UBS Christy McElroy
Disclaimer: Mean Earnings Estimates are calculated by First Call based on the earnings projections made by the analysts who cover Acadia Realty Trust. Please note that any opinions, estimates or forecasts regarding Acadia Realty Trust's performance made by these analysts (and therefore the Mean estimate numbers) are theirs alone and do not represent opinions, forecasts or predictions of Acadia Realty Trust or its management. Acadia Realty Trust does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.