Acadia Realty Trust Form 8-K Filing

Acadia Realty Trust (the “Company”) and its operating partnership, Acadia Realty Limited Partnership, entered into an underwriting agreement with BofA Securities, Inc., Jefferies LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC. The agreement pertains to the offering and sale of 9,000,000 common shares of beneficial interest. The underwriters have an option to purchase an additional 1,350,000 common shares. The Company will not initially receive proceeds from this sale. The Company also entered into forward sale agreements with forward purchasers, who borrowed and sold the common shares to the underwriters. The Company expects to physically settle these agreements by June 9, 2027, receiving proceeds from the sale of common shares. The net proceeds are expected to be approximately $195.6 million, potentially increasing to $225.0 million if the underwriters exercise their option. These proceeds will be used by the operating partnership for acquisition opportunities and general corporate purposes, including potential debt repayment and working capital. The offering was made under a shelf registration statement on Form S-3. The closing of the offering occurred on June 11, 2026.