Acadia Realty Trust Announces Increase in Quarterly Dividend
November 15 2018 - 4:50PM
Business Wire
Acadia Realty Trust (NYSE: AKR) today announced that its Board
of Trustees has declared a cash dividend of $0.28 per Common Share
for the quarter ended December 31, 2018, payable on January 15,
2019 to holders of record as of December 31, 2018. This is an
increase of 3.7% over the prior quarter’s cash dividend of $0.27
per share.
About Acadia Realty Trust
Acadia Realty Trust is an equity real estate investment trust
focused on delivering long-term, profitable growth via its dual –
core and fund – operating platforms and its disciplined,
location-driven investment strategy. Acadia Realty Trust is
accomplishing this goal by building a best-in-class core real
estate portfolio with meaningful concentrations of assets in the
nation’s most dynamic urban and street-retail corridors; making
profitable opportunistic and value-add investments through its
series of discretionary, institutional funds; and maintaining a
strong balance sheet. For further information, please visit
www.acadiarealty.com.
Safe Harbor Statement
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 risks, 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 investment
opportunities. Factors that could cause Acadia’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 Acadia’s most recent annual report on
Form 10-K filed with the SEC on February 27, 2018 (“Form 10-K”) and
other periodic reports filed with the SEC, including risks related
to: (i) political and economic uncertainty; (ii) Acadia’s reliance
on revenues derived from major tenants; (iii) Acadia’s limited
control over joint venture investments; (iv) Acadia’s partnership
structure; (v) real estate and the geographic concentration of
Acadia’s properties; (vi) market interest rates; (vii) leverage;
(viii) liability for environmental matters; (ix) Acadia’s growth
strategy; (x) Acadia’s status as a REIT; (xi) uninsured losses;
(xii) information technology security threats and (xiii) the loss
of key executives. Copies of the Form 10-K and the other periodic
reports Acadia files with the SEC are available on Acadia’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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version on businesswire.com: https://www.businesswire.com/news/home/20181115006054/en/
Amy L. Racanello(914) 288-8100
Acadia Realty (NYSE:AKR)
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