---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-001290"
form_type: "8-K"
ticker: "AKR"
cik: "0000899629"
company_name: "ACADIA REALTY TRUST"
filed_at: "2022-02-15T23:59:59+00:00"
generated_at: "2026-06-27T08:12:55.214226+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Acadia Realty restates 2019-2021 financials; improper consolidation of fund investments

## Summary
- Non-reliance on prior FS due to consolidation error for two Fund Investments formed 2012/2013; reclassed to unconsolidated affiliates.
- Restatement reduces total assets by $55.8M (Dec 2020) and $57.4M (Dec 2019); liabilities reduced by $58.0M and $59.3M.
- No impact on net income, FFO, or distributions; immaterial EPS adjustments of +/- $0.01 for certain periods.
- Company expects to disclose a material weakness in internal controls over financial reporting in the 2021 10-K.
- No override of controls or misconduct identified; restated FS to be filed in the 2021 10-K.

## SEC filing metadata
- accession: 0000950170-22-001290
- form_type: 8-K
- ticker: AKR
- cik: 0000899629
- company_name: ACADIA REALTY TRUST
- filed_at: 2022-02-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/899629/000095017022001290/0000950170-22-001290-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/899629/000095017022001290/akr-20220214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-001290
- JSON: https://secwatch.observer/filing/0000950170-22-001290.json
- Plain text: https://secwatch.observer/filing/0000950170-22-001290.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.