Acadia Realty Trust Files Routine 8-K on Jan 9, 2024

TL;DR

**AKR filed a routine 8-K, no major news.**

AI Summary

Acadia Realty Trust (AKR) filed an 8-K on January 9, 2024, to report 'Other Events' and 'Financial Statements and Exhibits.' This filing primarily serves to update administrative information and confirm its status as a publicly traded entity on the New York Stock Exchange under the symbol AKR. For investors, this filing is routine and indicates no immediate material changes to the company's operations or financial health, suggesting business as usual.

Why It Matters

This is a standard administrative filing, confirming Acadia Realty Trust's current information and listing on the NYSE, which is important for maintaining transparency and regulatory compliance.

Risk Assessment

Risk Level: low — This 8-K filing is purely administrative and does not contain any information that would introduce new risks or change the company's operational risk profile.

Analyst Insight

Investors should note this is a routine administrative filing with no new material information. No immediate action is required based on this specific 8-K.

Key Numbers

• $0.001 — Par value per share (The par value of Acadia Realty Trust's common shares of beneficial interest.)

Key Players & Entities

• Acadia Realty Trust (company) — the registrant filing the 8-K
• New York Stock Exchange (company) — the exchange where AKR's common shares are registered
• AKR (company) — the trading symbol for Acadia Realty Trust
• Maryland (company) — state of incorporation for Acadia Realty Trust
• $0.001 (dollar_amount) — par value per common share of beneficial interest

FAQ

Key Financial Figures

• $0.001 — hares of beneficial interest, par value $0.001 per share AKR The New York Stock Ex
• $250,000,000 — having an aggregate sale price of up to $250,000,000 through an at-the-market equity offerin
• $222,300,000 — having an aggregate sale price of up to $222,300,000 remain available for issuance under the

Filing Documents

• tm2329371d5_8k.htm (8-K) — 28KB
• tm2329371d5_ex1-1.htm (EX-1.1) — 60KB
• tm2329371d5_ex5-1.htm (EX-5.1) — 21KB
• tm2329371d5_ex5-1img001.jpg (GRAPHIC) — 25KB
• tm2329371d5_ex5-1img002.jpg (GRAPHIC) — 15KB
• 0001104659-24-002637.txt ( ) — 349KB
• akr-20240109.xsd (EX-101.SCH) — 3KB
• akr-20240109_lab.xml (EX-101.LAB) — 33KB
• akr-20240109_pre.xml (EX-101.PRE) — 22KB
• tm2329371d5_8k_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On January 9, 2024, Acadia Realty Trust (the "Company") and Acadia Realty Limited Partnership, the operating partnership of the Company (the "Operating Partnership"), entered into Amendment No. 1 ("Amendment No. 1") to the ATM Equity Offering Sales Agreement (as amended, the "Sales Agreement") dated March 1, 2022, with each of BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Jefferies LLC, TD Securities (USA) LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC, as sales agents, principals and/or forward sellers (the "Sales Agents"), and Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Goldman Sachs & Co. LLC, Jefferies LLC, JPMorgan Chase Bank, National Association, The Toronto-Dominion Bank, Truist Bank and Wells Fargo Securities, LLC, or one of their respective affiliates, as forward purchasers (the "Forward Purchasers"), to sell, from time to time, common shares of beneficial interest of the Company, par value $0.001 per share, having an aggregate sale price of up to $250,000,000 through an at-the-market equity offering program. As of the date of Amendment No. 1, common shares having an aggregate sale price of up to $222,300,000 remain available for issuance under the at-the-market equity offering program (the "ATM Shares"). Amendment No. 1 was entered into in order to (i) reflect the filing by the Company of a new shelf registration statement on Form S-3ASR (File No. 333-275356) with the Securities and Exchange Commission (the "Commission") on November 7, 2023 (the "2023 Shelf Registration Statement"), (ii) include TD Securities (USA) LLC as an additional Sales Agent and Forward Seller, and The Toronto Dominion-Bank as an additional Forward Purchaser, (iii) add Deloitte & Touche LLP as an independent registered public accounting firm for the Company, and (iv) modify certain defined terms in the Sales Agreement, as well as certain other administrative matters. The A

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 1.1 Amendment No. 1, dated January 9, 2024, to the ATM Equity Offering Sales Agreement, dated March 1, 2022, among Acadia Realty Trust, Acadia Realty Limited Partnership and BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Jefferies LLC, TD Securities (USA) LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC, as sales agents and forward sellers, and Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Goldman Sachs & Co. LLC, Jefferies LLC, JPMorgan Chase Bank, National Association, The Toronto Dominion-Bank, Truist Bank and Wells Fargo Securities, LLC, or one of their respective affiliates, as forward purchasers 5.1 Opinion of Venable LLP 23.1 Consent of Venable LLP (included in Exhibit 5.1) 104 Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ACADIA REALTY TRUST Dated: January 9, 2024 By: /s/ John Gottfried Name: John Gottfried Title: Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR