Acadia Realty Trust Announces Pricing of Offering of 9,000,000 Common Shares
Acadia Realty Trust priced an underwritten offering of 9 million common shares at $21.95 per share, generating gross proceeds of approximately $197.55 million. The transaction is structured via forward sale agreements with Bank of America, Jefferies, Truist, and Wells Fargo, meaning the company will not receive proceeds immediately but will deliver shares upon settlement no later than June 9, 2027. Underwriters hold a 30-day option to purchase up to 1.35 million additional shares.
Key figures
- Offering Price
- 21.95
- Shares Offered
- 9000000
- Option shares
- 1350000
- Forward settlement deadline
- June 9, 2027
AI analysis
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