阿卡迪亚房地产信托 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 endedJune 30, 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 July 24, 2026, there were 137,332,722 common shares of beneficial interest, par value $0.001 per share (“Common Shares”),outstanding. PART I - FINANCIAL INFORMATION 1.Financial Statements4CondensedConsolidated Balance Sheets (Unaudited) as of June 30, 2026 and December 31, 20254Condensed Consolidated Statements of Operations (Unaudited) for the Three and Six Months Ended June 30,2026 and 20255Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) for the Three and Six MonthsEnded June 30, 2026 and 20256Condensed Consolidated Statements of Changes in Equity (Unaudited) for the Three and Six Months Ended June30, 2026 and 20257Condensed Consolidated Statements of Cash Flows (Unaudited) for the Six Months Ended June 30, 2026 and20259Notes to Condensed Consolidated Financial Statements (Unaudited)11 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations383.Quantitative and Qualitative Disclosures about Market Risk504.Controls and Procedures52 PART II - OTHER INFORMATION 1.Legal Proceedings531A.Risk Factors532.Unregistered Sales of Equity Securities and Use of Proceeds533.Defaults Upon Senior Securities534.Mine Safety Disclosures535.Other Information536.Exhibits54Signatures55 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 (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the“Exchange Act”). We intend these forward-looking statements to be covered by the safe harbor provisions for forward-lookingstatements contained in the Private Securities Litigation Reform Act of 1995, and we are including this statement for the purposesof complying with those safe harbor provisions, in each case, to the extent applicable. Forward-looking statements, which are basedon certain assumptions and describe our future plans, strategies and expectations, are generally identifiable by the use of wordssuch as “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend” or “project,” or the negative thereof, orother variations thereon or comparable terminology. Forward-looking statements involve known and unknown risks, uncertaintiesand other factors that could cause our actual results and financial performance to be materially different from future results andfinancial performance expressed or implied by such forward-looking statements, including, but not limited to: (i) macroeconomicconditions, including due to geopolitical instability, contemplated tariff increases and other trade restrictions, which may lead to adisruption of or lack of access to the capital markets, disruptions and instability in the banking and financial services industries andelevated inflation; (ii) our success in implementing our business strategy and our ability to identify, underwrite, finance,consummate