Acadia Realty Trust Announces Quarterly Dividend
August 26 2010 - 3:24PM
Business Wire
Acadia Realty Trust (NYSE:AKR), today announced the Company’s
dividend for the third quarter ending September 30, 2010.
Acadia’s Board of Trustees has declared a cash dividend of $0.18
per Common Share payable on October 15, 2010 to holders of record
as of September 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 continued economic uncertainty. 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 environment and its effect on retail tenants; (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 its 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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