Acadia Realty Trust Announces 2022 Annual Meeting Date
February 28 2022 - 3:15PM
Business Wire
Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”)
today announced the date of the Company’s 2022 Annual Shareholder
Meeting.
Acadia’s Board of Trustees has set the meeting date for
Thursday, May 5, 2022 at 1:00 p.m., EST. As this will be conducted
as a virtual meeting, shareholders will be able to attend, vote and
submit questions via live webcast by visiting
www.virtualshareholdermeeting.com/AKR22. Prior to the meeting,
shareholders will be able to vote at www.proxyvote.com.
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 Portfolio 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 the
Company's future plans, strategies and expectations are generally
identifiable by the use of words, such as “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
the Company's 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) the economic, political and social impact
of, and uncertainty surrounding the COVID-19 Pandemic, including
its impact on the Company’s tenants and their ability to make rent
and other payments or honor their commitments under existing
leases; (ii) macroeconomic conditions, such as a disruption of or
lack of access to the capital markets; (iii) the Company’s success
in implementing its business strategy and its ability to identify,
underwrite, finance, consummate and integrate diversifying
acquisitions and investments; (iv) 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; (v) increases in
the Company’s borrowing costs as a result of changes in interest
rates and other factors, including the discontinuation of the USD
London Interbank Offered Rate, which is currently anticipated to
occur in 2023; (vi) the Company’s ability to pay down, refinance,
restructure or extend its indebtedness as it becomes due; (vii) 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;
(viii) the Company’s ability to obtain the financial results
expected from its development and redevelopment projects; (ix) the
tenants’ ability and willingness 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; (x) the
Company’s potential liability for environmental matters; (xi)
damage to the Company’s properties from catastrophic weather and
other natural events, and the physical effects of climate change;
(xii) uninsured losses; (xiii) the Company’s ability and
willingness to maintain its qualification as a REIT in light of
economic, market, legal, tax and other considerations; (xiv)
information technology security breaches, including increased
cybersecurity risks relating to the use of remote technology during
the COVID-19 Pandemic; (xv) the loss of key executives; and (xvi)
the accuracy of the Company’s methodologies and estimates regarding
environmental, social and governance (“ESG”) metrics, goals and
targets, tenant willingness and ability to collaborate towards
reporting ESG metrics and meeting ESG goals and targets, and the
impact of governmental regulation on its ESG efforts; and (xvii)
the risk that the determination to restate the prior period
financial statements could negatively impact investor confidence
and raise reputational issues.
The factors described above are not exhaustive and additional
factors could adversely affect the Company’s future results 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, 2020 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 changes
in the Company’s expectations with regard thereto or changes 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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