Acadia Rlty Tr Stock Price, News & Analysis

Acadia Realty Trust (NYSE:AKR) will participate in the Citi 2021 Virtual Global Property CEO Conference from March 8-11, 2021. CEO Kenneth F. Bernstein is set to present on March 10, 2021, at 3:30 p.m. ET, and the presentation materials will be accessible on their website under the Investors section. A live audio webcast of the presentation will be available, with a replay accessible until March 10, 2022. Acadia Realty focuses on long-term growth through a disciplined investment strategy in prime locations.

Acadia Realty Trust (NYSE: AKR) has elected Kenneth A. McIntyre as an independent trustee, effective March 1, 2021, expanding the Board to nine trustees, with eight independent members. McIntyre brings 25 years of commercial real estate expertise and leads the Real Estate Executive Council. His background includes roles at Hudson City Savings Bank and MetLife. The Lead Trustee, Lee S. Wielansky, expressed confidence that McIntyre’s insights will benefit Acadia’s real estate investment strategy aimed at growth in a changing retail landscape.

Acadia Realty Trust (NYSE: AKR) has announced its 2021 Annual Shareholder Meeting scheduled for May 6, 2021, at 1:00 p.m. EDT. This virtual meeting allows shareholders to attend, vote, and submit questions online. Acadia focuses on long-term growth through its Core Portfolio and Fund operating platforms, emphasizing a location-driven investment strategy. Shareholders can vote in advance at proxyvote.com. Acadia is committed to transparency, utilizing its website to disclose material information as per Regulation FD.

Acadia Realty Trust (NYSE: AKR) reported its fourth quarter and full year 2020 results, showing resilience amid the COVID-19 pandemic. The company collected 91% of billed rents in Q4 2020 and maintained a stable operational status with approximately 88% of its tenants open for business. Despite a GAAP loss per share of $0.12, FFO before Special Items was $0.24. Key highlights include a $16.4 million property sale, a $0.15 dividend reinstatement, and initial 2021 guidance for FFO between $0.98 and $1.14. The pandemic's impact led to significant credit losses totaling $32.5 million for 2020.

Acadia Realty Trust (NYSE: AKR) announced the promotion of two senior professionals, A.J. Levine and Tulani Thaw, to bolster long-term growth. Levine becomes Senior Vice President, Leasing, overseeing leasing strategies and tenant negotiations, crucial during the COVID-19 pandemic. Thaw is promoted to Vice President and Assistant General Counsel, focusing on legal matters related to core and fund transactional activity since joining in 2015. CEO Kenneth F. Bernstein highlighted their significant contributions to the company's success and future growth.

Acadia Realty Trust (NYSE: AKR) will announce its Q4 2020 earnings on February 10, 2021, post-market. Management will hold a conference call on February 11, 2021, at 1:00 PM ET to discuss the results. Dial-in information includes 844-309-6711 with the passcode “Acadia Realty” or “3676875”. A webcast will be available on the company's website. A replay of the conference call can be accessed via phone through February 18, 2021 using 855-859-2056.

Acadia Realty Trust (NYSE: AKR) has announced the tax treatment for 2020 distributions to common shareholders. The fourth quarter 2019 distribution, paid on January 15, 2020, is classified as paid in 2020 for tax purposes. All ordinary dividends for 2020 are eligible for a 20% deduction under Internal Revenue Code Section 199A. The company suspended common share distributions starting Q2 2020 through Q4 2020. Shareholders are advised to consult their tax advisors regarding their specific tax situations.

Acadia Realty Trust (NYSE: AKR) will participate in NAREIT’s REITworld®: 2020 Annual Conference from November 17-19, 2020. Kenneth F. Bernstein, President and CEO, is scheduled to present on November 18 at 4:30 p.m. ET. Attendees can register for the conference and access the live presentation through a provided link. Additionally, Acadia will host virtual investor meetings during the event. The presentation materials will be available on its investor website for 90 days following the event.

Acadia Realty Trust (NYSE: AKR) reported its Q3 2020 results, highlighting a GAAP loss per share of $0.10 and NAREIT FFO per share of $0.17. Despite the challenges posed by the COVID-19 Pandemic, cash collections improved, with 90% collected in September and 87% for the quarter. Approximately 86% of the Core Portfolio was operational by the end of Q3, and the company executed 11 new leases, showing a solid leasing demand. However, a 21.4% decrease in same-property NOI was reported compared to Q3 2019, primarily due to credit reserves. The Board continues to suspend common share distributions.