Acadia Rlty Tr Stock Price, News & Analysis

Acadia Realty Trust (NYSE: AKR) announces key year-end promotions to strengthen its leadership team. John Gottfried is promoted to Executive Vice President and Chief Financial Officer, enhancing financial strategy. Jason Blacksberg advances to Senior Vice President and Chief Legal Officer, overseeing legal and governance matters. A.J. Levine is appointed Senior Vice President of Leasing and Development. Other promotions include Amy Racanello and Tracey Mitnick. The company bids farewell to Christopher Conlon, COO, who will transition to a CEO role elsewhere.

Acadia Realty Trust (NYSE: AKR) announced the federal tax treatment for its 2021 distributions to common shareholders. The total distribution per share is reported at $0.150000 for each of the four quarters, with corresponding payment dates following each record date. Ordinary dividends are eligible for a 20% deduction for non-corporate shareholders under Internal Revenue Code Section 199A. Shareholders are advised to consult tax advisors regarding their specific tax implications. Acadia focuses on profitable growth through its core real estate portfolio and strategic investments.

Acadia Realty Trust (NYSE: AKR) announced a leasing update and participation in NAREIT's REITworld®: 2021 Annual Conference from November 9-11, 2021.

In November 2021, Crossroads Joint Venture LLC terminated its lease with Kmart at Crossroads Shopping Center and executed a new long-term lease for the space, pending approvals. Acadia holds a 49% stake in the venture. The shopping center features tenants like PGA Tour Superstore, HomeGoods, and PetSmart. The company will host virtual investor meetings during the conference, with presentations available online.

Acadia Realty Trust (NYSE:AKR) declared a $0.15 cash dividend per common share for the quarter ended December 31, 2021. The dividend is payable on January 14, 2022 to shareholders on record as of December 31, 2021. Acadia focuses on long-term growth through its dual operating platforms, strengthening its portfolio in prime locations. The company maintains a strong balance sheet and aims to capitalize on profitable investment opportunities.

Acadia Realty Trust (NYSE: AKR) reported strong Q3 2021 results, with GAAP earnings per share of $0.13 and FFO per share of $0.41. The company achieved a 7% increase in same-property NOI and improved cash collections to 97%. The Core Portfolio occupancy rose to 90.3%, while leasing activity exceeded $16 million. Significant acquisitions included $96 million in Fund V and a $42 million structured financing investment. The company reaffirmed 2021 FFO guidance of $1.05 to $1.14 per share, indicating positive long-term growth prospects.

Acadia Realty Trust (NYSE: AKR) will announce its Q3 2021 earnings on October 26, 2021, after market close. A conference call will follow on October 27, 2021, at 11:00 AM ET to discuss earnings and operating results. Dial-in information is provided, and a webcast will be available at www.acadiarealty.com. The company focuses on long-term growth through its dual operating platforms and strategic investment approach.

Acadia Realty Trust (NYSE: AKR) announced the completion of approximately $96 million in acquisitions under its Fund V and a $42 million Core Structured Financing investment. Notable acquisitions include the Canton Marketplace in Canton, GA for $51.2 million and Monroe Marketplace in Selinsgrove, PA for $44.8 million. Both properties are largely leased to reputable tenants. The company will present virtually at the Bank of America Securities Global Real Estate Conference on September 21-22, 2021.

Acadia Realty Trust (NYSE: AKR) will participate virtually in the Bank of America Securities Global Real Estate 2021 Conference on September 21-22, 2021. President and CEO Kenneth F. Bernstein will present on September 21 at 9:45 a.m. ET. The Company will also have individual virtual meetings with investors. Presentation materials will be available on their website at the time of the presentation. A live audio webcast can be accessed at this link, with a replay available until December 22, 2021.

Acadia Realty Trust (NYSE:AKR) announced a cash dividend of $0.15 per common share for Q3 2021, payable on October 15, 2021 to shareholders of record as of September 30, 2021. The company focuses on profitable growth through its dual operating platforms: Core Portfolio and Fund. It aims to build a top-tier real estate portfolio within prime locations while pursuing value-add investments. Investors are encouraged to monitor the company’s website for material updates and disclosures related to its business performance.