Key Developments: Acadia Realty Trust (AKR)

AKR on New York Consolidated

32.47USD
17 Apr 2015
Change (% chg)

$-0.32 (-0.98%)
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Latest Key Developments (Source: Significant Developments)

Acadia Realty Trust declares cash dividend
Tuesday, 10 Mar 2015 09:17am EDT 

Acadia Realty Trust:Declares cash dividend of $0.24 per common share for quarter ended March 31.Payable on April 15, to holders of record as of March 31.  Full Article

Acadia Realty Trust gives FY 2015 FFO guidance in line with analysts' estimates
Tuesday, 17 Feb 2015 04:05pm EST 

Acadia Realty Trust:Forecasts FY 2015 FFO will range from $1.48 to $1.56 per share.Forecasts FY 2015 EPS will range from $0.82 to $0.87.FY 2015 FFO of $1.53 - Thomson Reuters I/B/E/S.  Full Article

Acadia Realty Trust prices 3.4 mln common share offering
Friday, 12 Dec 2014 09:00am EST 

Acadia Realty Trust:Expects to receive about $108.0 mln in estimated gross proceeds from its sale of 3,400,000 common shares of beneficial interest to Citigroup (or about $124.1 mln if the option to purchase additional Shares is exercised in full).Citigroup acted as the sole bookrunner for the offering.Grants Citigroup an option to purchase up to 510,000 additional Shares.Expects to use the net proceeds to fund a portion of the acquisition price of a retail property located in the San Francisco Bay area, which the Company has entered into a contract to acquire for $155.0 mln, as well as for general corporate purposes.  Full Article

Acadia Realty Trust announces sale of 3.4 million common shares
Thursday, 11 Dec 2014 04:04pm EST 

Acadia Realty Trust:Says the sale of 3,400,000 common shares of beneficial interest of the Company to Citigroup, in a public offering pursuant to the Company's effective shelf registration statement previously filed with the Securities and Exchange Commission.Company has also granted Citigroup an option to purchase up to 510,000 additional Shares.Expects to use net proceeds from sale of Shares primarily to fund a portion of the acquisition price of a retail property located in San Francisco Bay area, which Company has entered into a contract to acquire for $155.0 mln, as well as for general corporate purposes.Citigroup is acting as the sole bookrunner for the offering.  Full Article

Acadia Realty Trust declares special cash dividend
Friday, 5 Dec 2014 09:15am EST 

Acadia Realty Trust:Declared special cash dividend of $0.30 per common share.Payable on Jan. 15, 2015.Dividend to holders of record as of Dec. 31, 2014.  Full Article

Acadia Realty Trust acquires street retail flagship on Chicago's Magnificent Mile
Thursday, 4 Dec 2014 05:40pm EST 

Acadia Realty Trust:Says core-portfolio acquisition of 88.4 pct. interest in 840 N Michigan Ave, an 87,000 square foot, four-story street-retail property located in Chicago, Illinois, for $144.3 million.Magnificent Mile is stretch of Michigan Ave that runs from Chicago River north to Oak St within Chicago's Gold Coast.  Full Article

Acadia Realty Trust announces 4.3 pct increase in quarterly dividend and anticipates special dividend for 2014
Thursday, 6 Nov 2014 12:21pm EST 

Acadia Realty Trust:Says a 4.3 pct increase in company's dividend for the quarter ending Dec. 31.Acadia's Board of Trustees has declared a cash dividend of $0.24 per Common Share.Payable on Jan. 15, 2015 to holders of record as of Dec. 31.In addition, during Dec. 2014, the company currently expects that its Board of Trustees will declare a special dividend to be paid in cash prior to Jan. 31, 2015.Amount of this dividend will be based on realized gains from completed sales and may include anticipated gains from pending transactions that may close prior to Dec. 31.Given that this is subject to future events, there can be no assurance as to whether the Board of Trustees will declare the special dividend.  Full Article

Acadia Realty Trust announces closing of common share offering
Tuesday, 4 Nov 2014 11:46am EST 

Acadia Realty Trust:Announced the completion of its previously announced public offering of 3,400,000 common shares of beneficial interest, as well as the underwriters' full exercise of their option to purchase an additional 510,000 Shares, bringing the total issuance to 3,910,000 Shares.Says it received gross proceeds of about $116.3 mln before accounting for underwriting discounts and estimated offering expenses.Says it intends to use the net proceeds from the sale of the Shares primarily for future acquisitions, as well as general corporate purposes.Says BofA Merrill Lynch and Barclays acted as the joint bookrunners for the offering.  Full Article

Acadia Realty Trust announces pricing of 3.4 mln common share offering
Thursday, 30 Oct 2014 09:03am EDT 

Acadia Realty Trust:Announced that it expects to receive about $101.2 million in estimated gross proceeds from its sale of 3,400,000 common shares of beneficial interest.BofA Merrill Lynch and Barclays acted as joint bookrunners for the offering.Granted the underwriters an option to purchase up to 510,000 additional Shares.Offering was made pursuant to the company's effective shelf registration statement and settlement is expected to occur on or about Nov. 4.Intends to use the net proceeds from the sale of the Shares primarily for future acquisitions, as well as general corporate purposes.  Full Article

Acadia Realty Trust announces sale of 3.4 mln common shares
Wednesday, 29 Oct 2014 04:01pm EDT 

Acadia Realty Trust:Announced the sale of 3,400,000 common shares of beneficial interest of the company to BofA Merrill Lynch and Barclays, in a public offering pursuant to the company's effective shelf registration statement previously filed with the SEC.Granted the underwriters an option to purchase up to 510,000 additional Shares.Intends to use the net proceeds from the sale of the Shares primarily for future acquisitions as well as general corporate purposes.  Full Article

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