SCHEDULE 13G/A: Cohen & Steers Discloses 15.45% Beneficial Ownership in Acadia Realty Trust

Cohen & Steers, Inc. and its affiliates have filed an amended Schedule 13G, reporting a collective beneficial ownership of 15.45% of Acadia Realty Trust's common stock as of December 31, 2024.

Summary

• Cohen & Steers, Inc. reported beneficial ownership of 18,490,308 shares of Acadia Realty Trust common stock, representing 15.45% of the class.
• Cohen & Steers Capital Management, Inc., a subsidiary, reported beneficial ownership of 18,460,524 shares, representing 15.43% of the class, with sole voting power over 13,860,744 shares.
• Cohen & Steers UK Ltd reported beneficial ownership of 29,784 shares, representing 0.02% of the class.
• Cohen & Steers Asia Limited and Cohen & Steers Ireland Limited reported 0 shares beneficially owned.
• The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Acadia Realty Trust.
• This filing is an Amendment No. 10 to the Schedule 13G for Acadia Realty Trust.

Sentiment

Score: 5

Explanation: The document is a neutral, factual disclosure of beneficial ownership, typical for a Schedule 13G filing. It does not contain positive or negative performance indicators or forward-looking statements that would influence sentiment.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine disclosure of beneficial ownership by an investment management firm in a publicly traded real estate investment trust (REIT). It reflects an investment position rather than a strategic industry move or competitive action.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake in Acadia Realty Trust, confirming a substantial, passive investment position.

Key Dates

Keywords

Acadia Realty Trust, Cohen & Steers, Beneficial Ownership, Schedule 13G, SEC Filing, Common Stock, Investment Adviser, Real Estate Investment Trust, REIT