Acadia Realty Trust (AKR) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2011

Earnings Press Release
10-K Annual Report
10-K YoY Changes
Acadia Realty Trust
Ticker: AKR CIK: 899629

Exhibit 99.1

Acadia Realty Trust Reports Fourth Quarter and Full Year 2011 Operating Results

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--February 7, 2012--Acadia Realty Trust (NYSE: AKR) today reported operating results for the quarter and year ended December 31, 2011. All per share amounts are on a fully diluted basis.

Fourth Quarter and Full Year 2011 Highlights

Earnings - Consistent With Guidance

Funds from operations (“FFO”) of $0.25 per share for fourth quarter 2011 and $0.97 for full year 2011

Earnings per share (“EPS”) from continuing operations of $0.09 for fourth quarter 2011 and $0.49 for full year 2011

Core Portfolio – Acquisition Pipeline and Re-anchoring Progress

During fourth quarter, entered into contracts to acquire two properties aggregating approximately $22.7 million

Year-to-date closed on $73.8 million of approximately $181.1 million of acquisitions under contract

Re-anchoring progress continues on three core portfolio re-anchoring projects which are 77% leased on an aggregate basis at year-end 2011

December 31, 2011 physical occupancy of 89.8%; leased occupancy of 92.7% including executed re-anchoring leases

Excluding the impact of re-anchoring activities, same store net operating income (“NOI”) for the fourth quarter up 1.3% compared to 2010; including this impact, same store NOI decreased 4.7%

Opportunity Funds – Fund III Acquisition Pipeline; Fund I Continues Monetization

Fund III acquired three properties during fourth quarter for an aggregate purchase price of $46.5 million

Year-to-date, Fund III closed on $139.8 million of approximately $171.3 million of acquisitions under contract

During fourth quarter, Fund I sold 16 properties for an aggregate gross sales price of $19.8 million which generated a net gain of $4.0 million, net of noncontrolling interests’ share

Balance Sheet – Securing Capital to Fund Acquisition Pipelines

Raised approximately $45.0 million of net proceeds during the fourth quarter from public equity offering

During the fourth quarter, repurchased $24.0 million of the Company’s outstanding convertible debt

Core portfolio debt net of cash on hand (“Net Debt”) to EBITDA ratio of 4.0x at December 31, 2011

Combined Net Debt to Total Market Capitalization of 27% at December 31, 2011

Cash on hand and availability under current credit facilities of $126 million at December 31, 2011

The following information was filed by Acadia Realty Trust (AKR) on Thursday, February 9, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Acadia Realty Trust's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Acadia Realty Trust.

Continue

Please wait while we load the requested 10-K report or click the link below:

https://last10k.com/sec-filings/report/899629/000144530512000495/akr2011123110k.htm

Exhibits
Statistics

Material Contracts, Statements, Certifications & more

Acadia Realty Trust provided additional information to their SEC Filing as exhibits

Ticker: AKR
CIK: 899629
Form Type: 10-K Annual Report
Accession Number: 0001445305-12-000495
Submitted to the SEC: Tue Feb 28 2012 2:40:11 PM EST
Accepted by the SEC: Tue Feb 28 2012
Period: Saturday, December 31, 2011
Industry: Real Estate Investment Trusts