Acadia Realty Trust to Announce Third Quarter 2021 Earnings on October 26, 2021
27 Septembre 2021 - 10:15PM
Business Wire
Acadia Realty Trust (NYSE: AKR) will release its third quarter
2021 earnings on Tuesday, October 26, 2021 after market close.
Management will conduct a conference call on Wednesday, October 27,
2021 at 11:00 AM ET to review the Company’s earnings and operating
results. Dial-in and webcast information is listed below.
Live Conference
Call:
Date:
Wednesday, October 27, 2021
Time:
11:00 AM ET
Dial#:
844-309-6711
Passcode:
“Acadia Realty” or “7193085”
Webcast (Listen-only):
www.acadiarealty.com under Investors, Presentations
& Events
Phone
Replay:
Dial#:
855-859-2056
Passcode:
“7193085”
Available Through:
Wednesday, November 3, 2021
Webcast
Replay:
www.acadiarealty.com under Investors, Presentations
& Events
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.
The Company uses, and intends to use, the Investors page of its
website, which can be found at www.acadiarealty.com, as a means of
disclosing material nonpublic information and of complying with its
disclosure obligations under Regulation FD, including, without
limitation, through the posting of investor presentations that may
include material nonpublic information. Accordingly, investors
should monitor the Investors page, in addition to following the
Company’s press releases, SEC filings, public conference calls,
presentations and webcasts. The information contained on, or that
may be accessed through, the website is not incorporated by
reference into, and is not a part of, this document.
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 use of the words “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) economic, political and social uncertainty
surrounding the COVID-19 pandemic, including (a) the effectiveness
or lack of effectiveness of governmental relief in providing
assistance to large and small businesses, including the Company’s
tenants, that have suffered significant declines in revenues as a
result of mandatory business shut-downs, “shelter-in-place” or
“stay-at-home” orders and social distancing practices, as well as
individuals adversely impacted by the COVID-19 pandemic, (b) the
duration of any such orders or other formal recommendations for
social distancing and the speed and extent to which revenues of the
Company’s retail tenants recover following the lifting of any such
orders or recommendations, (c) temporary or permanent migration out
of major cities by customers, including cities where the Company’s
properties are located, which may have a negative impact on the
Company’s tenants’ businesses, (d) the potential impact of any such
events on the obligations of the Company’s tenants to make rent and
other payments or honor other commitments under existing leases,
(e) to the extent we were seeking to sell properties in the near
term, significantly greater uncertainty regarding the Company’s
ability to do so at attractive prices, (f) the potential adverse
impact on returns from development and redevelopment projects, and
(g) the broader impact of the severe economic contraction and
increase in unemployment that has occurred in the short term and
negative consequences that will occur if these trends are not
quickly reversed; (ii) the ability and willingness of the Company’s
tenants (in particular its major tenants) and other third parties
to satisfy their obligations under their respective contractual
arrangements with the Company; (iii) macroeconomic conditions, such
as a disruption of or lack of access to the capital markets; (iv)
the Company’s success in implementing its business strategy and its
ability to identify, underwrite, finance, consummate and integrate
diversifying acquisitions and investments; (v) 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; (vi)
increases in the Company’s borrowing costs as a result of changes
in interest rates and other factors, including the potential
phasing out of the London Interbank Offered Rate after 2021; (vii)
the Company’s ability to pay down, refinance, restructure or extend
its indebtedness as it becomes due; (viii) 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; (ix)
the Company’s ability to obtain the financial results expected from
its development and redevelopment projects; (x) the ability and
willingness of the Company’s tenants 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; (xi) the
Company’s liability for environmental matters; (xii) damage to the
Company’s properties from catastrophic weather and other natural
events, and the physical effects of climate change; (xiii)
uninsured losses; (xiv) the Company’s ability and willingness to
maintain its qualification as a REIT in light of economic, market,
legal, tax and other considerations; (xv) information technology
security breaches, including increased cybersecurity risks relating
to the use of remote technology during the COVID-19 pandemic; and
(xvi) the loss of key executives. The risks described above are not
exhaustive and additional factors could adversely affect the
Company’s business 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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