Acadia Realty Trust is a real estate investment trust (REIT) that specializes in the ownership, operation, and development of retail and mixed-use properties
The company focuses on urban and suburban markets, seeking to create value through strategic acquisitions and asset management. By leveraging its deep understanding of the retail landscape and consumer trends, Acadia Realty Trust aims to build vibrant community-oriented destinations that enhance the customer experience, while delivering attractive returns to its investors. The company is committed to sustainability and enhancing the quality of life in the neighborhoods where it operates.
Acadia Realty Trust (NYSEAKR) (“Acadia” or the “Company”) has determined that the Federal tax treatment for 2024 distributions to holders of its common shares of beneficial interest (CUSIP # 004239109) traded on the NYSE under the ticker symbol “AKR” is as follows:
Acadia Realty Trust (NYSEAKR) (“Acadia” or the “Company”) will release its fourth quarter 2024 earnings after market close on Tuesday, February 11, 2025. Management will conduct a conference call on Wednesday, February 12, 2025, at 11:00 AM ET to review the Company’s earnings and operating results. Participant registration and webcast information is listed below.
Acadia Realty Trust (NYSEAKR) (“Acadia” or the “Company”) announced today that its Board of Trustees has authorized a cash dividend of $0.19 per common share for the quarter ended December 31, 2024. The quarterly dividend is payable on January 15, 2025 to holders of record as of December 31, 2024.
Acadia Realty Trust (NYSEAKR) (“Acadia” or the “Company”) today reported operating results for the quarter ended September 30, 2024. All per share amounts are on a fully-diluted basis, where applicable. Acadia owns and operates a high-quality real estate portfolio of street and open-air retail properties in the nation's most dynamic retail corridors ("Core" or "Core Portfolio"), along with an investment management platform that targets opportunistic and value-add investments through its institutional co-investment vehicles ("Investment Management").
Acadia Realty Trust (NYSEAKR) (“Acadia” or the “Company”) will release its third quarter 2024 earnings prior to the market open on Monday, October 28, 2024. Management will conduct a conference call on Monday, October 28, 2024, at 11:00 AM ET to review the Company’s earnings and operating results. Participant registration and webcast information is listed below.
Acadia Realty Trust (NYSEAKR) (“Acadia” or the “Company”) announced today the pricing of an upsized underwritten offering of 5,000,000 common shares of beneficial interest at a price to the public of $23.25 per share. The underwriters have been granted a 30-day option to purchase up to an additional 750,000 common shares. This reflects an upsizing of the previously announced offering of 4,500,000 common shares. The offering is expected to close on October 2, 2024, subject to customary closing conditions. Wells Fargo Securities, Goldman Sachs & Co. LLC and Jefferies are acting as joint book-running managers for the offering.
Acadia Realty Trust (NYSEAKR) (“Acadia” or the “Company”) announced today that it is commencing an underwritten public offering of 4,500,000 of its common shares of beneficial interest in connection with the forward sale agreements described below. Wells Fargo Securities, Goldman Sachs & Co. LLC and Jefferies are acting as joint book-running managers for the offering. The shares may be offered by the underwriters from time to time to purchasers directly or through agents, or through brokers in brokerage transactions on the NYSE, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 675,000 common shares.
Acadia Realty Trust (NYSEAKR) (“Acadia” or the “Company”) today reported operating results for the quarter ended June 30, 2024. All per share amounts are on a fully-diluted basis, where applicable. Acadia owns and operates a high-quality core real estate portfolio ("Core" or "Core Portfolio") of street and open-air retail properties in the nation's most dynamic retail corridors, along with an investment management platform that targets opportunistic and value-add investments through its institutional co-investment vehicles ("Investment Management").
Acadia Realty Trust (NYSEAKR) (“Acadia” or the “Company”) will release its second quarter 2024 earnings on Tuesday, July 30, 2024, after market close. Management will conduct a conference call on Wednesday, July 31, 2024, at 11:00 AM ET to review the Company’s earnings and operating results. Participant registration and webcast information is listed below.
Acadia Realty Trust (NYSEAKR) (“Acadia” or the “Company”) announced the formation of a strategic relationship with J.P. Morgan Asset Management (“JPM”) to pursue the acquisition of retail assets, including assets currently owned by the Company. This strategic relationship commenced with the Company selling a 95% interest in Shops at Grand, a grocery-anchored shopping center located in Maspeth, New York to J.P. Morgan Real Estate Income Trust, Inc., which is externally advised and sponsored by J.P. Morgan Investment Management Inc., for a gross purchase price of $48 million (exclusive of closing costs). The Company will continue to manage day-to-day operations, entitling it to earn management, leasing and construction fees, along with the opportunity to earn a promote upon the ultimate disposition of the asset.
Acadia Realty Trust (NYSEAKR) (“Acadia” or the “Company”) today announced that its Board of Trustees has declared a cash dividend of $0.18 per common share for the quarter ended June 30, 2024. The quarterly dividend is payable on July 15, 2024 to holders of record as of June 28, 2024.
Acadia Realty Trust (NYSEAKR) (“Acadia” or the “Company”) today reported operating results for the quarter ended March 31, 2024. For the quarter ended March 31, 2024, net earnings per share was $0.03. All per share amounts are on a fully-diluted basis, where applicable. Acadia operates a high-quality core real estate portfolio ("Core" or "Core Portfolio"), in the nation's most dynamic retail corridors, along with a fund business ("Funds") that targets opportunistic and value-add investments.
Acadia Realty Trust (NYSEAKR) (the “Company”) announced today that it closed on a $750 million amended and restated credit facility, which replaces and extends the Company’s existing $700 million credit facility. The facility was oversubscribed and maintained the pricing spread from the prior facility while improving its financial covenant package.
Acadia Realty Trust (NYSEAKR) (“Acadia” or the “Company”) will release its first quarter 2024 earnings on Monday, April 29, 2024, after market close. Management will conduct a conference call on Tuesday, April 30, 2024, at 11:00 AM ET to review the Company’s earnings and operating results. Participant registration and webcast information is listed below.
Acadia Realty Trust (NYSEAKR) (“Acadia” or the “Company”) today announced that the Company will participate and present at the Citi 2024 Global Property CEO Conference, which will be held on March 3, 2024 – March 6, 2024, in Hollywood, FL. Kenneth F. Bernstein, Acadia’s President and Chief Executive Officer, is scheduled to make a company presentation on Monday, March 4, 2024 at 8:50 a.m. ET.
Acadia Realty Trust (NYSEAKR) (“Acadia” or the “Company”) today announced that its Board of Trustees has declared a cash dividend of $0.18 per common share for the quarter ended March 31, 2024. The quarterly dividend is payable on April 15, 2024 to holders of record as of March 28, 2024.
