[SCHEDULE 13G/A] Acadia Realty Trust SEC Filing

Rhea-AI Filing Summary

FMR LLC and Abigail P. Johnson report beneficial ownership of 19,271,953.64 shares of Acadia Realty Trust common stock, representing 14.7% of the class. The filing shows FMR LLC has sole voting power over 18,224,866 shares and sole dispositive power over 19,271,953.64 shares; Abigail P. Johnson is reported with sole dispositive power for the same aggregate amount and no voting power. The statement is filed on Schedule 13G/A and includes a certification that the shares are held in the ordinary course of business and not to influence control.

Positive

• Material ownership disclosed: Clear reporting of a 14.7% stake provides transparency to the market.
• Detailed power allocation: Filing specifies both sole voting and sole dispositive powers, aiding clarity on control dynamics.
• Certification of ordinary-course holdings: Statement asserts shares are held in the ordinary course of business, reducing signals of takeover intent.

Negative

• Concentrated position: A single beneficial owner holds 19,271,953.64 shares (14.7%), which is a material concentration in the equity.
• No shared voting partners disclosed: Absence of other identified >5% holders could concentrate influence and warrants monitoring by investors and the board.

Insights

Financial Analyst

TL;DR: Large passive stake disclosed: 14.7% ownership could affect liquidity and investor perception but is presented as ordinary-course holdings.

The filing documents a material, reported 14.7% stake in Acadia Realty Trust held through FMR LLC and tied to Abigail P. Johnson's dispositive power. For analysts, the distinction between voting and dispositive power is important: FMR LLC retains substantial voting authority (18,224,866 shares) while dispositive power aligns with the full reported position. The filing asserts ordinary-course intent rather than activism, which typically implies limited near-term governance disruption. The disclosure is clear and quantifies the position relative to total class.

Corporate Governance Expert

TL;DR: Significant beneficial ownership disclosed with clear allocation of voting versus dispositive powers; no group or activist claim made.

From a governance perspective, the report separates voting authority from dispositive authority and notes no shared powers or group affiliations. The absence of shared voting power and the certification that holdings are ordinary-course reduce immediate signals of coordinated control efforts. However, a single entity holding nearly 15% remains a material ownership stake that company boards should monitor for engagement or communication needs.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

ACADIA REALTY TRUST

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

004239109

(CUSIP Number)

08/29/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 004239109

1

Names of Reporting Persons

FMR LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 18,224,866.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 19,271,953.64
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

19,271,953.64

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.7 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 004239109

1

Names of Reporting Persons

Abigail P. Johnson

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 19,271,953.64
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

19,271,953.64

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

14.7 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ACADIA REALTY TRUST
(b)	Address of issuer's principal executive offices: 411 THEODORE FREMD AVENUE ,SUITE 300,RYE,NY,USA, 10580
Item 2.
(a)	Name of person filing: FMR LLC
(b)	Address or principal business office or, if none, residence: 245 Summer Street, Boston, Massachusetts 02210
(c)	Citizenship: Not applicable
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 004239109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 19271953.64
(b)	Percent of class: 14.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page.
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 19271953.64
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of ACADIA REALTY TRUST. No one other person's interest in the COMMON STOCK of ACADIA REALTY TRUST is more than five percent of the total outstanding COMMON STOCK.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See attached Exhibit 99.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FMR LLC

Signature:	Stephanie J. Brown
Name/Title:	Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries*
Date:	09/05/2025

Abigail P. Johnson

Signature:	Stephanie J. Brown
Name/Title:	Duly authorized under Power of Attorney effective as of January 26, 2023, by and on behalf of Abigail P. Johnson**
Date:	09/05/2025

Comments accompanying signature: * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

Exhibit Information

Please see Exhibit 99 for 13d-1(k) (1) agreement.

FAQ

How many shares of ACADIA REALTY TRUST does FMR LLC report owning?

FMR LLC reports beneficial ownership of 19,271,953.64 shares, representing 14.7% of the class.

What voting and dispositive powers are reported by FMR LLC?

FMR LLC reports sole voting power for 18,224,866 shares and sole dispositive power for 19,271,953.64 shares.

Does Abigail P. Johnson have voting power over the reported shares of AKR?

The filing reports Abigail P. Johnson has sole dispositive power for 19,271,953.64 shares and no voting power.

Is this Schedule 13G/A filed as an activist or ordinary-course holding?

The certification in the filing states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control.

Are any other persons reported as holding more than 5% of ACADIA REALTY TRUST?

The filing states that no other person's interest in the common stock is more than 5% of the total outstanding common stock.