Acadia Realty Trust Announces 17% Increase in Quarterly Dividend

Mon Feb 25, 2013 10:00am EST

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WHITE PLAINS, N.Y.--(Business Wire)--
Acadia Realty Trust (NYSE: AKR), today announced a 17% increase in the Company`s
dividend for the quarter ending March 31, 2013. Acadia`s Board of Trustees has
declared a cash dividend of $0.21 per Common Share payable on April 15, 2013 to
holders of record as of March 29, 2013. This compares with an $0.18 dividend per
Common Share paid for the quarter ended December 31, 2012. 

About Acadia Realty Trust

Acadia Realty Trust, a fully-integrated equity real estate investment trust, is
focused on the acquisition, ownership, management and redevelopment of
high-quality retail properties and urban/infill mixed-use properties with a
strong retail component located primarily in high-barrier-to-entry,
densely-populated metropolitan areas along the East Coast and in Chicago. Acadia
owns, or has an ownership interest in, these properties through its core
portfolio and its opportunistic/value-add investment funds. Additional
information may be found on the Company`s website at www.acadiarealty.com. 

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 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 February 28, 2012 ("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 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.

Acadia Realty Trust
Jon Grisham, 914-288-8100 

Copyright Business Wire 2013

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