ACADIA REALTY TRUST (AKR) Form 424B5 — Jun 9, 2026
Acadia Realty Trust (AKR) filed a prospectus supplement for a forward sale agreement involving 9,000,000 common shares, with an additional 1,350,000 shares available via underwriters' option. The forward purchasers are Bank of America, Jefferies, Truist, and Wells Fargo, who will borrow shares to sell to underwriters, with Acadia settling the agreements within approximately 12 months. The company expects to receive net proceeds upon physical settlement, which it intends to use for acquisitions in its street portfolio markets, repayment of indebtedness, or general corporate purposes.
Key figures
- Cash Position
- 0
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 9000000
- Shares Outstanding
- 142565440
- Last Reported Price
- 22.59
- Term Loans Outstanding
- 900000000
- Term Loan75 MOutstanding
- 75000000
- Forward Shares With Option
- 10350000
- Revolving Credit Facility Outstanding
- 105800000
Price after filing
Close on the filing date to close N calendar days later (from $22.53). Historical, not a forecast.
AI analysis
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