Acadia Realty Trust Announces Tax Reporting Information for 2024 Distributions

Rhea-AI Summary

Acadia Realty Trust (NYSE: AKR) has released its tax reporting information for 2024 distributions. The company paid quarterly distributions totaling $0.730000 per share throughout 2024, with payments made in January ($0.180000), April ($0.180000), July ($0.180000), and October ($0.190000).

Of the total distribution, $0.684064 is classified as ordinary dividend, including $0.004951 as qualified dividend and $0.679113 as Section 199A dividend. The capital gain distribution amounts to $0.045936. All 2024 ordinary dividends qualify for the 20% deduction available to non-corporate shareholders under IRC Section 199A.

Positive

• Consistent quarterly dividend payments throughout 2024
• Dividend increase in Q4 2024 to $0.190 from $0.180 per share
• Distributions qualify for 20% tax deduction under Section 199A for non-corporate shareholders

Negative

• None.

Insights

Tax and REIT Expert

The tax reporting details for Acadia Realty Trust's 2024 distributions reveal several noteworthy aspects for investors. The REIT maintained consistent quarterly distributions of $0.18 for the first three quarters before implementing a 5.6% increase to $0.19 in Q4 2024, demonstrating a positive trajectory in shareholder returns.

Breaking down the $0.73 per share total distribution:

• 93.7% ($0.684064) is classified as ordinary dividends
• 6.3% ($0.045936) represents capital gains
• Almost 99.3% of the ordinary dividend portion qualifies for the Section 199A deduction

The Section 199A qualification is particularly valuable for individual investors, as it enables them to deduct up to 20% of their qualified REIT dividends on their tax returns, effectively lowering their tax burden. For example, an investor receiving $10,000 in qualified dividends could potentially deduct $2,000 from their taxable income.

The steady increase in quarterly distributions, culminating in the Q4 raise, suggests management's confidence in the REIT's operational performance and cash flow generation capabilities. This pattern of growth, combined with the tax-advantaged nature of the distributions, enhances the total return profile for long-term shareholders.

RYE, N.Y.--(BUSINESS WIRE)-- Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) has determined that the Federal tax treatment for 2024 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)
12/29/2023	1/12/2024	$0.180000	$0.180000	$0.168673	$0.001221	$0.167452	$0.011327	$0.000000	$0.000000
3/28/2024	4/15/2024	$0.180000	$0.180000	$0.168673	$0.001221	$0.167452	$0.011327	$0.000000	$0.000000
6/28/2024	7/15/2024	$0.180000	$0.180000	$0.168673	$0.001221	$0.167452	$0.011327	$0.000000	$0.000000
9/30/2024	10/15/2024	$0.190000	$0.190000	$0.178045	$0.001288	$0.176757	$0.011955	$0.000000	$0.000000
	Taxable in 2024		$0.730000	$0.684064	$0.004951	$0.679113	$0.045936	$0.000000	$0.000000

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. The fourth quarter 2024 distribution that the Company paid on January 15, 2025, to shareholders of record as of December 31, 2024, was treated as paid in 2025 for income tax purposes. All 2024 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

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth. Acadia owns and operates a high-quality core real estate portfolio ("Core" or "Core Portfolio") of street and open-air retail properties in the nation's most dynamic retail corridors, along with an investment management platform that targets opportunistic and value-add investments through its institutional co-investment vehicles ("Investment Management"). 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. Additionally, the Company also uses its LinkedIn profile to communicate with its investors and the public. Accordingly, investors are encouraged to monitor the Investors page of the Company's website and its LinkedIn profile, in addition to following the Company’s press releases, SEC filings, public conference calls, presentations and webcasts.

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 due to 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; (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 ability and willingness of the Company's tenants 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 the 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 most recent Annual Report on Form 10-K 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250121153642/en/

Sandra Liang

(914) 288-3356

Source: Acadia Realty Trust

FAQ

What is the total dividend distribution per share for AKR in 2024?

The total dividend distribution for Acadia Realty Trust (AKR) in 2024 was $0.730000 per share.

How much was AKR's Q4 2024 dividend payment?

AKR's Q4 2024 dividend payment was $0.190000 per share, paid on October 15, 2024.

What portion of AKR's 2024 distributions qualified for Section 199A dividends?

$0.679113 per share of the total distribution qualified as Section 199A dividends.

What was the capital gain distribution amount for AKR in 2024?

The capital gain distribution amount for AKR in 2024 was $0.045936 per share.

Did AKR increase its dividend payments during 2024?

Yes, AKR increased its quarterly dividend from $0.180 to $0.190 per share in the fourth quarter of 2024.