Acadia Realty Trust Announces Quarterly Dividend
May 10 2010 - 6:03PM
Business Wire
Acadia Realty Trust (NYSE: AKR), today announced the Company’s
dividend for the second quarter ending June 30, 2010.
Acadia’s Board of Trustees has declared a cash dividend of $0.18
per Common Share payable on July 15, 2010 to holders of record as
of June 30, 2010.
Acadia Realty Trust, a real estate investment trust (“REIT”)
headquartered in White Plains, NY, is a fully integrated,
self-managed and self-administered equity REIT focused primarily on
the ownership, acquisition, redevelopment and management of retail
and mixed-use properties including neighborhood and community
shopping centers located in urban and suburban markets in major
metropolitan areas.
Certain matters in this press release may constitute
forward-looking statements within the meaning of federal securities
law and as such may involve known and unknown risk, uncertainties
and other factors that may cause the actual results, performances
or achievements of Acadia to be materially different from any
future results, performances or achievements expressed or implied
by such forward-looking statements. These forward-looking
statements include statements regarding Acadia’s future financial
results and its ability to capitalize on potential opportunities
arising from the current economic turmoil. Factors that could cause
the Company’s forward-looking statements to differ from its future
results include, but are not limited to, those discussed under the
headings “Risk Factors” and "Management's Discussion and Analysis
of Financial Condition and Results of Operations" in the Company’s
most recent annual report on Form 10-K filed with the SEC on March
1, 2010 (“Form 10-K”) and other periodic reports filed with the
SEC, including risks related to: (i) the current global financial
crisis and its effect on retail tenants, including several recent
bankruptcies of major retailers; (ii) the Company’s reliance on
revenues derived from major tenants; (iii) the Company’s limited
control over joint venture investments; (iv) the Company’s
partnership structure; (v) real estate and the geographic
concentration of our properties; (vi) market interest rates; (vii)
leverage; (viii) liability for environmental matters;(ix) the
Company’s growth strategy; (x) the Company’s status as a REIT (xi)
uninsured losses and (xii) the loss of key executives. Copies of
the Form 10-K and the other periodic reports Acadia files with the
SEC are available on the Company’s website at www.acadiarealty.com.
Any forward-looking statements in this press release speak only as
of the date hereof. Acadia expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in Acadia's expectations with regard thereto or change in events,
conditions or circumstances on which any such statement is
based.
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