Acadia Realty Trust to Present at NAREIT’s REITworld®: 2020 Annual Conference
November 13 2020 - 8:30AM
Business Wire
Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”)
today announced that it will participate in NAREIT’s REITworld®:
2020 Annual Conference, which will be held from November 17-19,
2020. Kenneth F. Bernstein, President and Chief Executive Officer,
is scheduled to make a presentation on Wednesday, November 18 at
4:30 p.m. ET.
To access the Company’s live presentation, attendees are
required to register for NAREIT’s REITworld®: 2020 Annual
Conference, using the registration link below. The Company’s
presentation materials will be posted on its website under
“Investors – Presentations & Events.”
Acadia will also host individual virtual meetings with investors
during the conference.
Acadia Realty Trust Webcast:
Date:
Wednesday, November 18, 2020
Time:
4:30 p.m. – 5:00 p.m. ET
Webcast link:
REITworld 2020 Annual Conference
Webcast replay expires: 90 days following the live webcast
Acadia’s presentation will be available live via audio webcast,
which may be accessed at the above link. A replay of the webcast
will be available on the Company’s website for 90 days under
“Investors – Presentations & Events.”
The Company uses, and intends to use, the Investors page of its
website, which can be found at www.acadiarealty.com, as a means of
disclosing material nonpublic information and of complying with its
disclosure obligations under Regulation FD, including, without
limitation, through the posting of investor presentations that may
include material nonpublic information. Accordingly, investors
should monitor the Investors page, in addition to following the
Company’s press releases, SEC filings, public conference calls,
presentations and webcasts. The information contained on, or that
may be accessed through, our website is not incorporated by
reference into, and is not a part of, this document.
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 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 statements in this press release may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities and Exchange Act of 1934, as amended. Forward-looking
statements, which are based on certain assumptions and describe our
future plans, strategies and expectations are generally
identifiable by use of the words “may,” “will,” “should,” “expect,”
“anticipate,” “estimate,” “believe,” “intend” or “project,” or the
negative thereof, or other variations thereon or comparable
terminology. Forward-looking statements involve known and unknown
risks, uncertainties and other factors that could cause our actual
results and financial performance to be materially different from
future results and financial performance expressed or implied by
such forward-looking statements, including, but not limited to: (i)
economic, political and social uncertainty surrounding the COVID-19
pandemic, including (a) the effectiveness or lack of effectiveness
of governmental relief in providing assistance to large and small
businesses, including the Company’s tenants, that have suffered
significant declines in revenues as a result of mandatory business
shut-downs, “shelter-in-place” or “stay-at-home” orders and social
distancing practices, as well as individuals adversely impacted by
the COVID-19 pandemic, (b) the duration of any such orders or other
formal recommendations for social distancing and the speed and
extent to which revenues of the Company’s retail tenants recover
following the lifting of any such orders or recommendations, (c)
the potential impact of any such events on the obligations of the
Company’s tenants to make rent and other payments or honor other
commitments under existing leases, (d) to the extent we were
seeking to sell properties in the near term, significantly greater
uncertainty regarding our ability to do so at attractive prices,
(e) the potential adverse impact on returns from development and
redevelopment projects, and (f) the broader impact of the severe
economic contraction and increase in unemployment that has occurred
in the short term and negative consequences that will occur if
these trends are not quickly reversed; (ii) the ability and
willingness of the Company’s tenants (in particular its major
tenants) and other third parties to satisfy their obligations under
their respective contractual arrangements with the Company; (iii)
macroeconomic conditions, such as a disruption of or lack of access
to the capital markets; (iv) the Company’s success in implementing
its business strategy and its ability to identify, underwrite,
finance, consummate and integrate diversifying acquisitions and
investments; (v) changes in general economic conditions or economic
conditions in the markets in which the Company may, from time to
time, compete, and their effect on the Company’s revenues, earnings
and funding sources; (vi) increases in the Company’s borrowing
costs as a result of changes in interest rates and other factors,
including the potential phasing out of the London Interbank Offered
Rate after 2021; (vii) the Company’s ability to pay down,
refinance, restructure or extend its indebtedness as it becomes
due; (viii) the Company’s investments in joint ventures and
unconsolidated entities, including its lack of sole decision-making
authority and its reliance on its joint venture partners’ financial
condition; (ix) the Company’s ability to obtain the financial
results expected from its development and redevelopment projects;
(x) the ability and willingness of the Company’s tenants to renew
their leases with the Company upon expiration, the Company’s
ability to re-lease its properties on the same or better terms in
the event of nonrenewal or in the event the Company exercises its
right to replace an existing tenant, and obligations the Company
may incur in connection with the replacement of an existing tenant;
(xi) the Company’s liability for environmental matters; (xii)
damage to the Company’s properties from catastrophic weather and
other natural events, and the physical effects of climate change;
(xiii) uninsured losses; (xiv) the Company’s ability and
willingness to maintain its qualification as a REIT in light of
economic, market, legal, tax and other considerations; (xv)
information technology security breaches, including increased
cybersecurity risks relating to the use of remote technology during
the COVID-19 pandemic; and (xvi) the loss of key executives. The
risks described above are not exhaustive and additional factors
could adversely affect the Company’s business and financial
performance, including the risk factors discussed under the section
captioned “Risk Factors” in the Company’s Annual Report on Form
10-K for the year ended December 31, 2019, and other periodic or
current reports the Company files with the SEC. Any forward-looking
statements in this press release speak only as of the date hereof.
The Company 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 the Company’s
expectations with regard thereto or change in the events,
conditions or circumstances on which such forward-looking
statements are based.
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Sunny Holcomb (914) 288-8100
Acadia Realty (NYSE:AKR)
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