SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 10.5% Stake in Acadia Realty Trust
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a combined beneficial ownership of 10.5% of Acadia Realty Trust's common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Acadia Realty Trust.
- As of March 31, 2025, FMR LLC and Abigail P. Johnson beneficially own an aggregate of 12,588,683.05 shares of Acadia Realty Trust's common stock.
- This represents 10.5% of the total outstanding common stock of Acadia Realty Trust.
- FMR LLC holds sole voting power over 12,575,131.00 shares and sole dispositive power over 12,588,683.05 shares.
- Abigail P. Johnson holds sole dispositive power over 12,588,683.05 shares, but no sole or shared voting power.
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or more.
Sentiment
Score: 6
Explanation: Neutral to slightly positive. The filing is a routine ownership disclosure, but the significant stake by a major institutional investor like FMR LLC can be seen as a positive signal of confidence in the issuer, Acadia Realty Trust. No negative information is presented.
Positives
- Significant institutional investment by FMR LLC, a major asset manager, indicating confidence in Acadia Realty Trust.
- The ownership is stated to be for investment purposes in the ordinary course of business, not for control, suggesting a passive, long-term investment stance.
Risks
- Members of the Johnson family, including Abigail P. Johnson, through their ownership of voting common shares and a shareholders' voting agreement, may be deemed to form a controlling group with respect to FMR LLC under the Investment Company Act of 1940.
Future Outlook
This filing is an ownership disclosure and does not contain forward-looking statements or guidance regarding Acadia Realty Trust's future performance or outlook.
Management Comments
- 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 Schedule 13G filing indicates a significant passive investment by a major financial institution (FMR LLC) in Acadia Realty Trust, a real estate investment trust (REIT). Such filings are common for large asset managers who hold substantial stakes across various publicly traded companies as part of their investment portfolios. It reflects FMR's continued interest in the REIT sector, which is influenced by broader economic conditions, interest rates, and real estate market trends.
Comparison to Industry Standards
- This document is a standard beneficial ownership disclosure (Schedule 13G) and does not contain performance metrics or operational results that would allow for a direct comparison to industry standards or specific comparable companies/projects. It solely reports the ownership stake of FMR LLC and Abigail P. Johnson in Acadia Realty Trust.
Stakeholder Impact
- Shareholders: Provides transparency on a significant institutional holder's stake, potentially signaling confidence.
- Management: Awareness of a large, passive institutional investor.
Next Steps
- Acadia Realty Trust will continue its regular financial reporting (e.g., quarterly 10-Q, annual 10-K filings).
- FMR LLC and Abigail P. Johnson will file future amendments to this Schedule 13G if their beneficial ownership percentage changes significantly (e.g., by 1% or more).
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC. |
| 01/10/2023 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number -23-000003) was incorporated by reference. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 01/31/2023 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number -23-000038) was incorporated by reference. |
| 03/31/2025 | Date of event which requires filing of this statement (reporting date for beneficial ownership). |
| 04/04/2025 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
Acadia Realty Trust, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Real Estate Investment Trust, REIT, SEC Filing
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