05/06/2023 - Acadia Realty Trust: Corporate Update – June 2023

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Corporate update – june 2023

CORPORATE

SNAPSHOT

June 2023

Table of Contents

3

Who We Are and Our Strategy

17

Ownership on Iconic &

Non-Replicable Streets

23

Compelling Multi-Year Growth

29

Dual Platform - Demonstrated Ability

to Access & Deploy Capital

31

Valuation

35

Portfolio Updates

41

Not All Space is Created Equal

46

Densification / Value Enhancement

55

City Point

61

Third-Party Capital

66

ESG

68

2

Appendix

WHO WE ARE and OUR STRATEGY

3

Business Model Differentiation - Dual Platform

CORE/ON-BALANCE SHEET

  • Public Capital
  • Strategy: Open-air retail format agnostic depending on cycle and opportunities. Focused on high growth markets.

FUNDS BUSINESS/THIRD-PARTY CAPITAL

  • Private Capital: Utilizing discretionary fund vehicles and other third-party capital.
  • Strategy: Opportunistic/Value-Add across capital stack, high-yielding, redevelopments and restructurings.

4

Acadia Realty Snapshot

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual operating platforms (Core Portfolio and Fund) and its disciplined, location- driven investment strategy.

Acadia Realty Trust accomplishes this goal by:

  • Building a best-in-class Core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic corridors
  • Making profitable opportunistic and value-add investments through its series of discretionary, institutional funds
  • And maintaining a strong balance sheet.

ACADIA TOTAL OPERATING PORTFOLIO

CORE

GLA

Pro Rata

PORTFOLIO

at 100%

Share

Total

Total

Occupancy

Leased

Street & Urban

1,475

1,273

87.5%

90.7%

Suburban

4,006

3,847

94.5%

95.9%

Total Core

5,481

5,120

92.8%

94.6%

FUNDS PORTFOLIO

Total Funds

8,358

1,825

87.6%

91.9%

TOTAL

13,839

6,945

* Square feet in 000's

5

Disclaimer

Acadia Realty Trust published this content on 05 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 June 2023 20:26:57 UTC.

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