Acadia Realty Trust Files Routine 8-K, Confirms NYSE Listing

TL;DR

**AKR filed a routine 8-K, no major news, just confirming NYSE listing.**

AI Summary

Acadia Realty Trust (AKR) filed an 8-K on January 12, 2024, reporting an 'Other Event' that occurred on January 8, 2024. This filing primarily serves to update administrative information, such as confirming its registration on The New York Stock Exchange under the trading symbol AKR for its common shares of beneficial interest, par value $0.001 per share. For investors, this filing is a routine compliance update and does not signal any immediate operational or financial changes that would significantly impact the stock's value.

Why It Matters

This filing is a standard regulatory update, confirming Acadia Realty Trust's listing on the NYSE. It provides no new material financial or operational information that would directly affect an investor's decision.

Risk Assessment

Risk Level: low — This 8-K filing is administrative and does not introduce any new financial or operational risks to the company.

Analyst Insight

Smart investors would recognize this as a routine compliance filing with no new material information. No immediate action is warranted based solely on this 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
• The New York Stock Exchange (company) — the exchange where AKR's shares are registered
• AKR (company) — the trading symbol for Acadia Realty Trust
• $0.001 (dollar_amount) — par value per share of common stock
• January 8, 2024 (date) — date of the earliest event reported
• January 12, 2024 (date) — date the 8-K was filed

FAQ

Key Financial Figures

• $0.001 — hares of beneficial interest, par value $0.001 per share AKR The New York Stock Ex
• $112.7 million — roceeds to the Company of approximately $112.7 million (reflecting the exercise of the Underwr

Filing Documents

• tm243229d1_8k.htm (8-K) — 28KB
• tm243229d1_ex1-1.htm (EX-1.1) — 207KB
• tm243229d1_ex5-1.htm (EX-5.1) — 18KB
• tm243135d1_ex5-1img003.jpg (GRAPHIC) — 3KB
• tm243135d1_ex5-1img004.jpg (GRAPHIC) — 4KB
• tm243135d1_ex5-1img005.jpg (GRAPHIC) — 2KB
• 0001104659-24-003689.txt ( ) — 486KB
• akr-20240108.xsd (EX-101.SCH) — 3KB
• akr-20240108_lab.xml (EX-101.LAB) — 33KB
• akr-20240108_pre.xml (EX-101.PRE) — 22KB
• tm243229d1_8k_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On January 8, 2024, Acadia Realty Trust (the "Company") and its operating partnership, Acadia Realty Limited Partnership (the "Operating Partnership"), entered into an underwriting agreement (the "Underwriting Agreement") with J.P. Morgan Securities LLC and BofA Securities, Inc. (the "Underwriters"), pursuant to which the Company agreed to issue and sell to the Underwriters 6,000,000 common shares of beneficial interest, par value $0.001 per share ("Common Shares"). The Company also granted the Underwriters a 30-day option to purchase up to 900,000 additional Common Shares, which was exercised in full. The offering closed on January 11, 2024, resulting in net proceeds to the Company of approximately $112.7 million (reflecting the exercise of the Underwriters' option to purchase an additional 900,000 shares), after deducting estimated offering expenses. The Company intends to use the net proceeds from the Offering for general corporate purposes, which may include, without limitation, the repayment of outstanding indebtedness, funding future acquisitions, working capital and other general corporate purpose activities. The offer and sale of the Common Shares were made pursuant to a preliminary prospectus supplement and a final prospectus supplement related to the Company's effective shelf registration statement on Form S-3 (File No. 333- 275356), each of which has been filed with the Securities and Exchange Commission. The Underwriting Agreement contains customary representations, warranties and covenants by the Company and the Operating Partnership. It also provides for customary indemnification by the Company and the Operating Partnership for losses or damages arising out of or in connection with the sale of the Common Shares. The foregoing is a summary description of certain terms of the Underwriting Agreement and is qualified in its entirety by the text of the Underwriting Agreement, which is attached as Exhibit 1.1 to this Current Rep

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 1.1 Underwriting Agreement, dated as of January 8, 2024, by and among Acadia Realty Trust, Acadia Realty Limited Partnership, J.P. Morgan Securities LLC and BofA Securities, Inc. 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 12, 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