---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-002572"
form_type: "8-K/A"
ticker: "AKR"
cik: "0000899629"
company_name: "ACADIA REALTY TRUST"
filed_at: "2022-03-01T23:59:59+00:00"
generated_at: "2026-06-27T03:21:18.251305+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Acadia Realty restates 2019-2021 financials; no net income impact, but material weakness

## Summary
- Restatement due to improper consolidation of two fund investments formed in 2012 and 2013.
- No impact on net income, FFO, or EPS; balance sheet: assets reduced $55.8M, liabilities $57.5M at Dec 31, 2020.
- Immaterial adjustments reduced net income by $0.6M ($0.01/share) for 9 months ended Sept 30, 2021.
- Material weakness in internal control over financial reporting identified; BDO's 2020 report no longer reliable.
- No misconduct or override of controls per audit committee.

## SEC filing metadata
- accession: 0000950170-22-002572
- form_type: 8-K/A
- ticker: AKR
- cik: 0000899629
- company_name: ACADIA REALTY TRUST
- filed_at: 2022-03-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/899629/000095017022002572/0000950170-22-002572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/899629/000095017022002572/akr-20220214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-002572
- JSON: https://secwatch.observer/filing/0000950170-22-002572.json
- Plain text: https://secwatch.observer/filing/0000950170-22-002572.txt

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