阿卡迪亚不动产信托 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromtoCommission File Number 001-12002ACADIA REALTY TRUST(Exact name of registrant as specified in its charter) (914) 288-8100(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. YES☒ NO☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). NO☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller YES☒ reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act) Yes☐No☒ As of April 24, 2026, there were 133,517,141 common shares of beneficial interest, par value $0.001 per share (“CommonShares”), outstanding. PART I - FINANCIAL INFORMATION 1.Financial StatementsCondensedConsolidated Balance Sheets (Unaudited) as of March 31, 2026 and December 31, 2025Condensed Consolidated Statements of Operations (Unaudited) for the Three Months Ended March 31, 2026 and2025Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) for the Three Months EndedMarch 31, 2026 and 2025Condensed Consolidated Statements of Changes in Equity (Unaudited) for the Three Months Ended March 31,2026 and 2025Condensed Consolidated Statements of Cash Flows (Unaudited) for the Three Months Ended March 31, 2026 and2025Notes to Condensed Consolidated Financial Statements (Unaudited)10 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations373.Quantitative and Qualitative Disclosures about Market Risk484.Controls and Procedures50 PART II - OTHER INFORMATION 1.Legal Proceedings511A.Risk Factors512.Unregistered Sales of Equity Securities and Use of Proceeds513.Defaults Upon Senior Securities514.Mine Safety Disclosures515.Other Information516.Exhibits52Signatures53 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements contained in this Quarterly Report on Form 10-Q (this “Report”) of Acadia Realty Trust, a Maryland real estateinvestment trust, (the “Company”), may contain forward-looking statements within the meaning of Section 27A of the SecuritiesAct of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We intendthese forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in thePrivate Securities Litigation Reform Act of 1995, and we are including this statement for the purposes of complying with those safeharbor provisions, in each case, to the extent applicable. Forward-looking statements, which are based on certain assumptions anddescribe our 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 orcomparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that couldcause our actual results and financial performance to be materially different from future results and financial performance expressedor implied by such forward-looking statements, including, but not limited to: (i) macroeconomic conditions, including due togeopolitical instability, contemplated tariff increases and other trade restrictions, which may lead to a disruption of or lack of accessto the capital markets, disruptions and instability in the banking and financial services industries and rising inflation; (ii) oursuccess in implementing our business strategy and our ability to identify, underwrite, finance, consummate and integratediversifying acquisitions and i