Acadia Realty Trust (AKR)

Acadia Realty Trust, a real estate investment trust (REIT), engages primarily in the ownership, acquisition, redevelopment, and management of retail properties, including neighborhood and community shopping centers, and mixed-use properties with retail components. As of December 31, 2007, it owned, or had interests in, and operated 76 properties primarily in the northeast, mid-Atlantic, and Midwest regions of the United States. The company qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. Acadia Realty Trust was founded in 1964 and is headquartered in White Plains, New York.

For the nine months ended 30 September 2006, Acadia Realty Trust's revenues decreased 2% to $74.6M. Net income from continuing operations decreased 22% to $11.9M. Revenues reflect decreased income from minimum rents, percentage rents and higher other property income. Net income also reflects by increased real estate taxes, higher general & administrative expense, higher interest expense and a decrease in equity in earnings of unconsolidated affliates.