Acadia Realty Trust Announces Offering of 9,000,000 Common Shares | AKR Stock News

StockTitan
2026.06.09 12:55
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Acadia Realty Trust (NYSE: AKR) announced an underwritten public offering of 9,000,000 common shares. Joint book-running managers include BofA Securities, Jefferies, Truist, and Wells Fargo. The company intends to enter forward sale agreements with these banks, allowing them to borrow and sell shares initially. Acadia expects to receive proceeds upon future settlement of these agreements by June 9, 2027, which will be used for acquisitions or general corporate purposes. Underwriters have a 30-day option to purchase up to 1,350,000 additional shares.