Welcome to our dedicated page for Acadia Rlty Tr news (Ticker: AKR), a resource for investors and traders seeking the latest updates and insights on Acadia Rlty Tr stock.
Acadia Realty Trust (AKR) maintains this dedicated news hub for investors tracking this retail-focused REIT's strategic moves in urban real estate markets. Our curated collection provides immediate access to all material developments, including earnings disclosures, portfolio acquisitions, and leadership updates.
Key resources include quarterly financial results, tenant lease agreements, and progress reports on value-add initiatives through AKR's funds platform. Investors will find detailed coverage of property transactions, capital recycling activities, and market expansion strategies across high-barrier metropolitan areas.
This centralized repository simplifies due diligence with chronologically organized press releases and third-party analysis. The content reflects AKR's focus on core retail assets and structured financing opportunities while maintaining compliance with REIT reporting standards.
For stakeholders monitoring urban retail trends and REIT performance metrics, bookmark this page for real-time updates on AKR's operational milestones and strategic partnerships in the competitive commercial real estate sector.
Acadia Realty Trust (NYSE: AKR) has announced the pricing of an upsized underwritten offering of 5,000,000 common shares at $23.25 per share. This is an increase from the previously announced 4,500,000 shares. The underwriters have a 30-day option to purchase up to an additional 750,000 shares. The offering is expected to close on October 2, 2024.
The company has entered into forward sale agreements with Wells Fargo Bank, Goldman Sachs & Co. , and Jefferies. Acadia intends to settle these agreements by September 30, 2025, potentially receiving cash proceeds. The company plans to use any net proceeds for general corporate purposes, including funding investments, working capital, and debt repayment.
Acadia Realty Trust (NYSE: AKR) has announced an underwritten public offering of 4,500,000 common shares. The company plans to enter into forward sale agreements with Wells Fargo Bank, Goldman Sachs & Co. , and Jefferies or their affiliates. These forward purchasers or their affiliates will borrow and sell the shares to underwriters for the offering.
Acadia intends to settle the forward sale agreements by September 30, 2025, receiving cash proceeds per share equal to the applicable forward sale price. The company plans to use the net proceeds for general corporate purposes, including funding potential investments, working capital, and debt repayment. Acadia is also granting underwriters a 30-day option to purchase up to an additional 675,000 common shares.
Acadia Realty Trust (NYSE: AKR) has announced its participation in the BofA Securities 2024 Global Real Estate Conference, scheduled for September 10-12, 2024. The company's President and CEO, Kenneth F. Bernstein, will engage in a roundtable discussion on Wednesday, September 11, 2024, at 3:45 p.m. ET.
Acadia will make its presentation materials available on its website under the 'Investors - Presentations & Events' section. Additionally, the company plans to hold individual meetings with investors during the conference, providing an opportunity for more in-depth discussions about its operations and strategy.
Acadia Realty Trust (NYSE: AKR) has announced its participation in the BofA Securities 2024 Global Real Estate Conference, scheduled for September 10-12, 2024. The company's President and CEO, Kenneth F. Bernstein, will engage in a roundtable discussion on Wednesday, September 11, 2024, at 4:30 pm ET.
Acadia will make its presentation materials available on its website under the 'Investors - Presentations & Events' section. Additionally, the company plans to host individual meetings with investors during the conference. This announcement serves as a correction to the previous release dated September 4, 2024, which contained multiple revisions.
Acadia Realty Trust (NYSE: AKR) has reported its second quarter 2024 results. The company achieved GAAP net earnings of $0.01 per share and FFO Before Special Items of $0.31 per share. Acadia's Core Same-Property NOI grew by 5.5%, driven by a 12% increase from its Street Portfolio. The company also increased its quarterly dividend by 5.6% to $0.19 per share.
Acadia completed or is negotiating approximately $150 million in accretive transactions. During the quarter, Acadia strengthened its balance sheet by announcing $100 million in private placement unsecured notes and extending its $750 million unsecured credit facility to 2028. The company's core portfolio was 94.8% leased and 91.8% occupied.
Acadia has updated its 2024 guidance, projecting net earnings per share of $0.07-$0.11, NAREIT FFO per share of $1.09-$1.13, and FFO Before Special Items per share of $1.26-$1.32.
Acadia Realty Trust (NYSE: AKR) will announce its second quarter 2024 earnings on July 30, 2024, after the market closes. The company has scheduled a conference call for July 31, 2024, at 11:00 AM ET to discuss the earnings and operating results. Investors can listen to the live conference call or access a replay via the company's website under the Investors section.
Acadia Realty Trust (NYSE: AKR) announced its participation in NAREIT’s REITweek®: 2024 Investor Conference, scheduled for June 3-6, 2024. Kenneth F. Bernstein, President and CEO of Acadia, will present on June 4 at 2:15 p.m. ET. The presentation materials will be available on Acadia's website under 'Investors – Presentations & Events.' The company will also host individual investor meetings during the conference. An audio webcast of the presentation will be available live, with a replay accessible for 30 days post-event on the company's website.
Acadia Realty Trust (NYSE: AKR) has finalized a strategic partnership with J.P. Morgan Asset Management to acquire retail assets.
This relationship began with Acadia selling a 95% interest in the Shops at Grand, a grocery-anchored shopping center in Maspeth, New York, to J.P. Morgan Real Estate Income Trust for $48 million.
Acadia will continue managing the property, earning management, leasing, and construction fees, plus potential promotes upon asset disposition.
Proceeds will be used to invest in high-growth street retail assets and reduce leverage.
CEO Kenneth F. Bernstein highlighted this move as part of Acadia's strategy to recycle capital and expand institutional relationships.
J.P. Morgan Real Estate Income Trust (JPMREIT) has acquired a 95% interest in Shops at Grand Avenue, a 99,837-square-foot, fully-leased, Class A grocery-anchored shopping center in Maspeth, Queens, NY. The acquisition, valued at $48 million, is part of a strategic joint venture with Acadia Realty Trust (NYSE: AKR). This deal boosts JPMREIT's portfolio to over $400 million and marks its first last-mile retail investment. The center, anchored by Stop & Shop, is situated in a dense residential area with nearly one million people within a three-mile radius. Doug Schwartz, Co-President of JPMREIT, emphasizes the investment's alignment with their 'New Economy' strategy, focusing on consumer proximity in densely populated areas.
Acadia Realty Trust (NYSE:AKR) has declared a quarterly cash dividend of $0.18 per common share for the quarter ended June 30, 2024. The dividend will be paid on July 15, 2024, to shareholders of record as of June 28, 2024.
