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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Dec. 21, 8:29 AM

Slide #4. Acadia Realty Trust Secondary Offering

Company: Acadia Realty Trust (NYSE:AKR)
Date announced: 12/11/2014
Shares Offered: 3,400,000
Date of Pricing: 12/12/2014
Price Per Share: $31.76
Secondary Offering Details: Acadia Realty Trust (NYSE:AKR,AcadiaortheCompany) today announced the sale of 3,400,000 common shares of beneficial interest of the Company ("Shares") to Citigroup, in a public offering pursuant to the Company's effective shelf registration statement previously filed with the Securities and Exchange Commission. The Company has also granted Citigroup an option to purchase up to 510,000 additional Shares. - updated 12/12 - Acadia Realty Trust (NYSE:AKR,AcadiaortheCompany) today announced that it expects to receive approximately $108.0 million in estimated gross proceeds from its sale of 3,400,000 common shares of beneficial interest ("Shares") to Citigroup (or approximately $124.1 million if the option to purchase additional Shares is exercised in full). Citigroup acted as the sole bookrunner for the offering. The Company has also granted Citigroup an option to purchase up to 510,000 additional Shares. The offering was made pursuant to the Company's effective shelf registration statement and settlement is expected to occur on or about December 17, 2014.

Acadia Realty Trust is a real estate investment trust focused on the ownership, acquisition, redevelopment and management of retail properties located primarily in metropolitan areas in the U.S. along the East Coast and in Chicago. As of Dec 31 2013, Co. operated 112 properties, which it owns or has an ownership interest in, within its core portfolio or within its funds. These properties primarily consist of street retail, neighborhood and community shopping centers and mixed-use properties. Co. also makes investments in first mortgages, preferred equity and other notes receivable collateralized by real estate, either directly or through entities having an ownership interest therein.
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Company Name:  Acadia Realty Trust
Website:  www.acadiarealty.com
Sector:  REITs
Number of ETFs Holding AKR:  46
Total Market Value Held by ETFs:  $296.69M
Total Market Capitalization:  $2.04B
% of Market Cap. Held by ETFs:  14.57%
 

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December 21, 2014    8:29 AM Eastern
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Buy (2.80 out of 4)
33rd percentile
(ranked lower than approx. 67% of all stocks covered)
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