Welcome to our dedicated page for Acadia Rlty Tr SEC filings (Ticker: AKR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Acadia Realty Trust filings document the regulatory disclosures of a Maryland real estate investment trust with a retail-focused REIT Portfolio and an Investment Management platform. Form 8-K reports furnish quarterly and annual operating results, supplemental portfolio information, funds from operations measures, leasing metrics, occupancy data, acquisitions, and related financial exhibits.
The company’s filings also cover material financing arrangements, including credit agreements involving Acadia Realty Limited Partnership and affiliated co-borrowers. Proxy materials document annual meeting procedures, shareholder voting matters, trustee and governance disclosures, executive compensation, and equity incentive plan information, while current reports record officer appointments, retirements, and other governance changes.
BERNSTEIN KENNETH F reported acquisition or exercise transactions in this Form 4 filing.
ACADIA REALTY TRUST President and CEO Kenneth F. Bernstein received a grant of 223,146 long-term incentive partnership units (LTIP Units) in Acadia Realty Limited Partnership at a price of $0.00 per unit. Following this award, his directly held derivative equity stake reported as LTIP Units totals 3,133,252 units.
The LTIP Units are exchangeable on a 1:1 basis into common partnership units of Acadia Realty Limited Partnership, which are in turn exchangeable on a 1:1 basis for common shares of beneficial interest of ACADIA REALTY TRUST, with no expiration date on these conversions.
The 223,146 LTIP Units vest in equal amounts on January 6, 2027 and on each of the first, second, third and fourth anniversaries of that date, so long as Mr. Bernstein remains employed on each vesting date, and are subject to a post-vesting two-year holding period. The figure does not include LTIP Units granted under the company’s outperformance plan, whose vesting depends on relative total shareholder return versus a peer group and on the company’s same-property income performance.
ACADIA REALTY TRUST Executive VP and CFO John J. Gottfried received a grant of 64,480 LTIP Units in Acadia Realty Limited Partnership on February 18, 2026. These LTIP Units are exchangeable 1:1 into Common Units of the partnership and then 1:1 into common shares of Acadia Realty Trust, with no expiration on conversion.
Of the grant, 25,980 LTIP Units vest in equal amounts on January 6, 2027 and on each of the first, second, third and fourth anniversaries of that date, subject to continued employment and customary exceptions. The remaining 38,500 LTIP Units vest in equal amounts on January 6, 2027 and on each of the first and second anniversaries and are subject to a post-vesting two-year holding period. The total direct holdings after this award are reported as 484,828 LTIP Units, excluding separate LTIP Units granted under the company’s outperformance plan, which have additional performance-based vesting conditions.
Acadia Realty Trust senior vice president Joseph Napolitano reported an award of 44,910 LTIP Units in Acadia Realty Limited Partnership on February 18, 2026. These long-term incentive partnership units are exchangeable 1:1 into Common Units and then 1:1 into Acadia common shares, with no conversion expiration.
After this grant, Napolitano holds 258,436 LTIP Units directly. According to the award terms, 14,461 LTIP Units vest in five equal installments starting on January 6, 2027, while 30,449 vest in three equal installments starting on the same date and are subject to a two-year post-vesting hold. Vesting generally requires continued employment, and the Compensation Committee has approved accelerating these awards on or about April 1, 2026 in connection with his expected retirement. The reported total excludes LTIP Units from the company’s outperformance plan, which vest based on relative shareholder return and same-property income performance.
ACADIA REALTY TRUST executive vice president and chief investment officer Reginald Livingston received a grant of 41,111 LTIP Units in Acadia Realty Limited Partnership. These long-term incentive partnership units are exchangeable 1:1 into common partnership units and then 1:1 into common shares, with no expiration on conversion.
Of the award, 9,926 LTIP Units will vest in equal amounts on January 6, 2027 and on each of the first, second, third and fourth anniversaries of that date, while 31,185 LTIP Units will vest in equal amounts on January 6, 2027 and on each of the first and second anniversaries, followed by a two-year post-vesting holding period, in each case conditioned on continued employment and customary exceptions.
Acadia Realty Trust files its annual report outlining 2025 operations, strategy, risks and capital plans. The Maryland-based retail REIT controls about 96% of its operating partnership and holds ownership interests in 228 properties across high-barrier U.S. urban and suburban markets.
In 2025, Acadia completed approximately $487.3 million of acquisitions through its core REIT portfolio and investment management platform, and advanced 13 development and 12 redevelopment projects in the REIT portfolio plus one redevelopment in Investment Management. The company emphasizes internal growth via re-tenanting, rent mark-to-market, and expense control.
Acadia reports total indebtedness of $1.8734 billion, including $370.6 million of variable-rate debt, with about 80.2% of borrowings at fixed or effectively fixed rates. It expanded its at-the-market equity program to $500 million, leaving 14.7 million forward shares that would generate about $295.5 million if physically settled, and retains a $200 million share repurchase authorization with $122.5 million remaining. The filing highlights detailed risk factors, including tenant concentration, e-commerce, leverage, interest rates, environmental and climate regulation, AI and cybersecurity, and REIT tax status.
Acadia Realty Trust reported fourth-quarter 2025 net earnings of $0.04 per share and full-year 2025 net earnings of $0.10 per share. NAREIT FFO was $1.19 per share for 2025, while FFO Before Special Items reached $1.32 per share, reflecting higher recurring cash generation than GAAP earnings.
Same-property NOI for the REIT portfolio increased 6.3% in the fourth quarter and 5.7% for 2025, driven mainly by strong performance in street and urban retail. Economic occupancy rose to 93.9% at December 31, 2025, supported by robust leasing spreads on new leases.
Acadia completed approximately $487 million of accretive REIT and Investment Management acquisitions in 2025 and a further $445 million year-to-date 2026, including a joint venture acquisition of the Shops at Skyview in Queens for about $425 million. It also raised roughly $39 million of equity in the fourth quarter and has unsettled forward equity contracts for 14.7 million shares, supporting a pro-rata net debt-to-EBITDA ratio of 4.9x at year-end.
For 2026, the company introduced FFO As Adjusted guidance of $1.21–$1.25 per share, versus 2025 FFO As Adjusted of $1.14 per share. The outlook assumes REIT same-property NOI growth of 5–9%, Investment Management fees of $23–$26 million, and net interest expense of $68–$70 million.
Acadia Realty Trust reported that Joseph Napolitano has informed the company of his intention to retire as Senior Vice President and Chief Administrative Officer, effective on or about April 1, 2026. The company states that his departure is not due to any disagreement regarding operations, policies, or accounting matters.
Acadia does not plan to appoint a new Chief Administrative Officer at this time, and the responsibilities of that role will be reassigned to other members of the management team. The company formally thanked Mr. Napolitano for his long-standing service and contributions.
Acadia Realty Trust’s President and CEO Kenneth F. Bernstein reported an equity incentive grant on Form 4. On January 23, 2026, he was awarded 210,112 LTIP Units of Acadia Realty Limited Partnership at an exercise price of $0 under the company’s 2023 outperformance plan, where the earned amount depended on achieving specified performance criteria.
The LTIP Units are exchangeable 1:1 into Common Units of the partnership and then 1:1 into common shares of beneficial interest of Acadia Realty Trust, with no stated expiration for these exchanges. Following this grant, Bernstein beneficially owns 2,910,106 derivative securities.
Acadia Realty Trust reported that Sr. Vice President Joseph Napolitano received a performance-based equity award in the form of partnership units. On January 23, 2026, he was granted 29,546 LTIP Units in Acadia Realty Limited Partnership at a price of $0 per unit under the company’s 2023 outperformance plan, reflecting achievement of specified performance criteria. After this award, he beneficially owns 213,526 derivative securities tied to Acadia. These LTIP Units are exchangeable on a 1:1 basis into common partnership units, which are in turn exchangeable on a 1:1 basis into Acadia Realty Trust common shares, with no expiration date on these conversions.
Acadia Realty Trust reported that EVP and Chief Legal Officer Jason Blacksberg received an award of 34,472 LTIP Units on January 23, 2026. These long-term incentive partnership units in Acadia Realty Limited Partnership are exchangeable on a 1:1 basis for common partnership units, which can then be exchanged on a 1:1 basis for common shares of beneficial interest of Acadia Realty Trust. The grant was made at a price of $0 per unit as part of the company’s 2023 outperformance plan based on achieving performance criteria. Following this award, Mr. Blacksberg beneficially owns 336,885 derivative securities related to these units, supporting his long-term alignment with the company’s equity.