deberarr/iStock via Getty ImagesAcadia Realty Trust's (NYSE:AKR) focus on street retail has made the ticker one of the more unique retail REITs in the space. The internally managed REIT is pursuing growth through its core portfolio of 139 operating properties spread across 5.4 million square feet of gross leasable area as of the end of the fourth quarter of 2023. AKR's pro-rata share of this at 5 million square feet was also 93% occupied and 95% leased at the end of the fourth quarter. The REIT also aim ...

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE:AKR) (“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. About Acadia Acadia Realty Trust is an equity real estate investment trust (“REIT”) focused on delivering long-term, profitable growth via its dual – Core Portfolio and Fund – operating platfo ...

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE:AKR) (“Acadia” or the “Company”) today announced the date of the Company’s 2024 Annual Shareholder Meeting. Acadia’s Board of Trustees has set the meeting date for Thursday, May 2, 2024 at 1:00 PM, ET. As this will be conducted as a virtual meeting, shareholders will be able to attend, vote and submit questions via live webcast by visiting www.virtualshareholdermeeting.com/AKR24. Prior to the meeting, shareholders will be able to vote at www.proxyvote.c ...

Investment Strategy - The company aims to acquire and manage high-quality retail properties primarily in densely populated metropolitan areas to enhance shareholder returns [19]. - The company focuses on opportunistic acquisitions and value-add investments in street retail properties, particularly in established and emerging submarkets [19]. - The company’s investment strategy includes joint ventures with private equity investors to capitalize on opportunities in operating retailers with significant real estate value [19]. - The company’s investment strategy includes opportunistic acquisitions of well-located real estate anchored by distressed retailers [19]. - The company has capitalized on its expertise in retail real estate by establishing discretionary opportunity funds, which include investments in suburban shopping centers and urban retail assets [34]. Financial Performance - The company controls approximately 95% of the Operating Partnership, allowing it to share in cash distributions and profits [18]. - The company emphasizes maintaining a strong and flexible balance sheet through conservative financial practices to ensure access to capital for future growth [19]. - The company faces potential increases in borrowing costs due to rising interest rates and inflation, impacting its financial condition [11]. - The company may encounter challenges in renewing leases or re-letting properties on favorable terms, affecting rental revenues [10]. - The company maintains a share repurchase program authorizing up to $200 million, with approximately $122.5 million available for repurchase as of December 31, 2023 [26]. - During the year ended December 31, 2022, the company issued 5,525,419 Common Shares under its ATM Program for gross proceeds of $123.9 million [27]. - The company completed an underwritten offering of 6,900,000 Common Shares in January 2024 for net proceeds of $113 million [28]. Employee and Governance - As of December 31, 2023, the company had 117 employees, with a turnover rate of approximately 11% [43]. - Women represent 49% of the company's employees, 36% of management-level positions, and 25% of independent trustees on the board as of December 31, 2023 [45]. - The Board consists of eight independent trustees, with two female and one racially and ethnically diverse trustee as of December 31, 2023 [65]. - The company has adopted a Code of Business Conduct and Ethics applicable to all employees, ensuring high standards of integrity and transparency [71]. - The company is focused on enhancing its corporate governance structure based on best practices and investor feedback [66]. - The company has opted out of Board self-classification provisions and maintains a majority voting standard for trustees in uncontested elections [66]. - The company has been recognized as a Great Place to Work® for four consecutive years based on employee satisfaction surveys [47]. Sustainability Initiatives - The company has established a GHG emissions reduction goal for scope 1 and 2 emissions to mitigate climate change impacts [57]. - The company has invested in energy efficiency measures, including LED lighting and smart controls, to reduce GHG emissions from its properties [58]. - The company has implemented a water management program that focuses on monitoring and reducing common area water consumption, utilizing technology to track and analyze usage [59]. - A majority of properties have smart irrigation systems installed, which include features like rain sensors to optimize water usage [59]. - The company achieved gold status as a Green Lease Leader, promoting sustainability through green clauses in retail leases [60]. - Sustainability initiatives at corporate offices include energy reduction measures such as LED lighting and automatic occupancy sensors, contributing to reduced air pollution [61]. - The corporate headquarters has received the Outstanding Achievement in Land Use Award for sustainability efforts [61]. - The company engages in renewable energy projects, including solar panel arrays and electric vehicle charging stations [59]. - The company maintains an Enterprise Risk Management plan to address critical operational risks, including those related to climate change [53]. Community Engagement - The company supports employee volunteerism and community engagement through partnerships with local organizations [62]. - The company has signed the CEO Action for Diversity & Inclusion pledge and actively works on DEI initiatives [46].

Acadia Realty Trust (NYSE:AKR) Q4 2023 Results Conference Call February 14, 2024 11:00 AM ET Company Participants Jeff Winston - Senior Associate in Asset Management Ken Bernstein - President and CEO John Gottfried - Executive Vice President, Chief Financial Officer Stuart Seeley - Senior Managing Director of Strategy and Public Markets A.J. Levine - Senior Vice President, Leasing and Development Conference Call Participants Linda Tsai - Jefferies Craig Mailman - Citi Todd Thomas - KeyBanc Capital Markets F ...

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE:AKR) (“Acadia” or the “Company”) today announced the year-end promotions for the following professionals to support its continued growth: Reggie Livingston has been promoted to Executive Vice President, Chief Investment Officer. Mr. Livingston will continue to drive the Company’s external growth by developing investment strategies and leading the sourcing, underwriting and execution of new investments. Since joining Acadia in 2011, Mr. Livingston was pr ...

Douglas Cliff Acadia Realty Trust (NYSE:AKR), founded in 1993 and headquartered in Rye, NY, is a REIT that owns, develops, acquires, and manages retail properties in metropolitan and suburban markets across the country. This may be a conservatively leveraged company with adequate liquidity, but I don't believe a purchase would be justified right now. Aside from the fact that its operating performance hasn't been great in the past, the dividend doesn't seem safe and there is no margin of safety present from ...

Acadia Realty Trust (AKR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings ...

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE:AKR) (“Acadia” or the “Company”) has determined that the Federal tax treatment for 2023 distributions to holders of its common shares of beneficial interest (CUSIP # 004239109) traded on the NYSE under the ticker symbol “AKR” is as follows: Record Payment Total Distribution Total Income     Box 1a-Ordinary     Box 1b-Qualified Box 5a– 199A Box 2a- Capital Gain Box 2b- Unrecaptured Section 1250 Box 2f- Section 897 ...

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE:AKR) (“Acadia” or the “Company”) will release its fourth quarter 2023 earnings on Tuesday, February 13, 2024, after market close. Management will conduct a conference call on Wednesday, February 14, 2024, at 11:00 AM ET to review the Company’s earnings and operating results. Participant registration and webcast information is listed below. About Acadia Acadia Realty Trust is an equity real estate investment trust (“REIT”) focused on delivering long-ter ...