Acadia Realty Trust Announces Tax Reporting Information for 2021 Distributions
14 Januar 2022 - 10:15PM
Business Wire
Acadia Realty Trust (NYSE: AKR – “Acadia” or the “Company”) has
determined that the Federal tax treatment for 2021 distributions to
holders of its common shares of beneficial interest (CUSIP #
004239109) traded on the NYSE under the ticker symbol “AKR” is as
follows:
Distribution Allocable to
2021
Record
Payment
Total Distribution
Taxable Qualified
Taxable Ordinary
Total Capital
Unrecaptured Section
1250
Date
Date
Per
Share
Total
Dividend
Dividend
Gain
Gain for
2021
3/31/2021
4/15/2021
$0.150000
$0.150000
$0.001293
$0.137979
$0.010728
$0.005784
6/30/2021
7/15/2021
$0.150000
$0.150000
$0.001293
$0.137979
$0.010728
$0.005784
9/30/2021
10/15/2021
$0.150000
$0.150000
$0.001293
$0.137979
$0.010728
$0.005784
12/31/2021
1/14/2022
$0.150000
$0.150000
$0.001293
$0.137979
$0.010728
$0.005784
All 2021 ordinary dividends (other than qualified dividends and
capital gains) are eligible for the 20% deduction generally
allowable to non-corporate shareholders under Internal Revenue Code
Section 199A. Shareholders are encouraged to consult with their
personal tax advisors as to their specific tax treatment of
Acadia’s distributions.
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 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 urban and street-retail 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
(a) its impact on the Company’s tenants and their ability to make
rent and other payments or honor their commitments under existing
leases; (b) the rate and efficacy of COVID-19 vaccines; (c) to the
extent the Company was seeking to sell properties in the near term,
significantly greater uncertainty regarding the Company's ability
to do so at attractive prices, and (d) the potential adverse impact
on returns from development and redevelopment projects; (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.
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 change
in the Company’s expectations with regard thereto or change 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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