Acadia Realty Trust establishes $500M at-the-market equity offering program with multiple agents

ACADIA REALTY TRUST

Entered ATM Sales Agreement on Feb 14, 2025 for up to $500M aggregate sale price of common shares.
Sales agents include BofA, Barclays, Goldman Sachs, Jefferies, J.P. Morgan, TD Securities, Truist, and Wells Fargo.
Compensation up to 2% of gross sales price; forward sale agreements possible with cash or net share settlement options.
Net proceeds contributed to operating partnership for general corporate purposes: acquisitions, debt repayment, working capital.
Company has no obligation to sell any shares; program provides flexibility to sell from time to time on NYSE or via negotiated transactions.

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