Acadia Realty Trust Announces Tax Reporting Information for 2023 Distributions
22 Gennaio 2024 - 11:04PM
Business Wire
Acadia Realty Trust (NYSE:AKR) (“Acadia” or the “Company”) has
determined that the Federal tax treatment for 2023 distributions to
holders of its common shares of beneficial interest (CUSIP #
004239109) traded on the NYSE under the ticker symbol “AKR” is as
follows:
Record
Payment
Total Distribution
Total Income
Box 1a-Ordinary
Box 1b-Qualified
Box 5a– 199A
Box 2a- Capital Gain
Box 2b- Unrecaptured Section
1250
Box 2f-
Section 897
Date
Date
Per
Share
Per
Share
Dividend
Dividend
Dividend
Distribution
Gain
Capital
Gain
(Included in Box 1a)
(Included in Box 1a)
(Included in Box 2a)
(Included in Box 2a)
12/30/2022
1/13/2023
$0.180000
$0.180000
$0.175274
$0.029417
$0.145857
$0.004726
$0.000000
$0.000000
3/31/2023
4/14/2023
$0.180000
$0.180000
$0.175274
$0.029417
$0.145857
$0.004726
$0.000000
$0.000000
6/30/2023
7/14/2023
$0.180000
$0.180000
$0.175274
$0.029417
$0.145857
$0.004726
$0.000000
$0.000000
9/29/2023
10/13/2023
$0.180000
$0.180000
$0.175274
$0.029417
$0.145857
$0.004726
$0.000000
$0.000000
Taxable in 2023
$0.720000
$0.701096
$0.117668
$0.583428
$0.018904
$0.000000
$0.000000
The fourth quarter 2022 distribution that the Company paid on
January 13, 2023, to shareholders of record as of December 30,
2022, was treated as paid in 2023 for income tax purposes. The
fourth quarter 2023 distribution that the Company paid on January
12, 2024, to shareholders of record as of December 29, 2023, was
treated as paid in 2024 for income tax purposes. All 2023 ordinary
dividends (other than qualified dividends and capital gains) are
eligible for the 20% deduction generally allowable to non-corporate
shareholders under Internal Revenue Code Section 199A. Shareholders
are encouraged to consult with their personal tax advisors as to
their specific tax treatment of Acadia’s distributions.
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/investors, 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
and certain portfolio updates 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 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 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
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) macroeconomic conditions, including
geopolitical conditions and instability, which may lead to a
disruption of or lack of access to the capital markets, disruptions
and instability in the banking and financial services industries
and rising inflation; (ii) the Company’s success in implementing
its business strategy and its ability to identify, underwrite,
finance, consummate and integrate diversifying acquisitions and
investments; (iii) 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; (iv) increases in the Company’s
borrowing costs as a result of rising inflation, changes in
interest rates and other factors, including the discontinuation of
the USD London Interbank Offered Rate, which was effected on June
30, 2023; (v) the Company’s ability to pay down, refinance,
restructure or extend its indebtedness as it becomes due; (vi) 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;
(vii) the Company’s ability to obtain the financial results
expected from its development and redevelopment projects; (viii)
the tenants’ ability and willingness 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; (ix) the
Company’s potential liability for environmental matters; (x) damage
to the Company’s properties from catastrophic weather and other
natural events, and the physical effects of climate change; (xi)
the economic, political and social impact of, and uncertainty
surrounding, any public health crisis, such as COVID-19 Pandemic,
which adversely affected the Company and its tenants’ business,
financial condition, results of operations and liquidity; (xii)
uninsured losses; (xiii) the Company’s ability and willingness to
maintain its qualification as a REIT in light of economic, market,
legal, tax and other considerations; (xiv) information technology
security breaches, including increased cybersecurity risks relating
to the use of remote technology; (xv) the loss of key executives;
and (xvi) the accuracy of the Company’s methodologies and estimates
regarding environmental, social and governance (“ESG”) metrics,
goals and targets, tenant willingness and ability to collaborate
towards reporting ESG metrics and meeting ESG goals and targets,
and the impact of governmental regulation on its ESG efforts.
The factors described above are not exhaustive and additional
factors could adversely affect the Company’s future results 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, 2022, 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 to reflect any changes in the Company’s
expectations with regard thereto or changes in the events,
conditions or circumstances on which such forward-looking
statements are based.
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version on businesswire.com: https://www.businesswire.com/news/home/20240122230234/en/
Jennifer Han (914) 288-8100
Grafico Azioni Acadia Realty (NYSE:AKR)
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Grafico Azioni Acadia Realty (NYSE:AKR)
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