Acadia Realty Trust to Participate at Bank of America Securities Global Real Estate Conference 2021
15 Septembre 2021 - 10:15PM
Business Wire
Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company) today
announced that the Company will participate virtually at the Bank
of America Securities Global Real Estate 2021 Conference on
September 21-22, 2021. Kenneth F. Bernstein, Acadia’s President and
Chief Executive Officer, is scheduled to make a Company
presentation on Tuesday, September 21, 2021 at 9:45 a.m. ET.
Acadia will also host individual virtual meetings with investors
during the conference. The Company’s presentation materials will be
posted on its website under “Investors – Presentations &
Events” and will be available at the time of the Company
presentation.
Acadia Realty Trust Webcast:
Date: Tuesday, September 21, 2021 Time: 9:45 a.m. - 10:20 a.m.
ET Webcast link:
https://bofa.veracast.com/webcasts/bofa/globalrealestate2021/idQ4559c.cfm
Acadia’s presentation will be available live via audio webcast,
which may be accessed at the above link. A replay of the webcast
will be available on the Company’s website through December 22,
2021 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 our
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
our 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 businesses, including the Company’s tenants, that
have suffered significant declines in revenues as a result of
governmental restrictions to contain or mitigate the COVID-19
Pandemic, as well as to adversely impacted individuals; (b) the
rate and efficacy of COVID-19 vaccines, (c) 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, (d) 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, (e) 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,
(f) to the extent we were seeking to sell properties in the near
term, significantly greater uncertainty regarding our ability to do
so at attractive prices, and (g) the potential adverse impact on
returns from development and redevelopment projects; (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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