<ARTICLE> 5 <CIK> 0000899629 <NAME> ACADIA REALTY TRUST <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 12,779 <SECURITIES> 0 <RECEIVABLES> 9,630 <ALLOWANCES> 2,543 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 579,576 <DEPRECIATION> 95,955 <TOTAL-ASSETS> 539,714 <CURRENT-LIABILITIES> 0 <BONDS> 294,775 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 26 <OTHER-SE> 151,209 <TOTAL-LIABILITY-AND-EQUITY> 539,714 <SALES> 0 <TOTAL-REVENUES> 44,154 <CGS> 0 <TOTAL-COSTS> 29,178 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 11,005 <INCOME-PRETAX> 2,054 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,054 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,054 <EPS-BASIC> 0.08 <EPS-DILUTED> 0.08