Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Acadia Realty Trust (NYSE:AKR), a real estate investment trust with a market capitalization of $2.66 billion and a notable 4.13% dividend yield, announced the results of its annual meeting of shareholders held on Thursday, May 8, 2025. The meeting saw a high level of shareholder participation, with 94.58% of the outstanding common shares represented. According to InvestingPro data, the company has maintained dividend payments for 27 consecutive years, demonstrating long-term shareholder commitment.
Eight trustees were elected during the meeting, with Kenneth F. Bernstein, Mark A. Denien, Kenneth A. McIntyre, William T. Spitz, Lynn C. Thurber, Lee S. Wielansky, Hope B. Woodhouse, and C. David Zoba all securing their positions on the board. The company’s governance oversight comes at a time when InvestingPro analysis shows the company maintaining strong liquidity, with current assets exceeding short-term obligations.
Additionally, shareholders ratified the appointment of Deloitte & Touche, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. The advisory vote on named executive officer compensation also passed, with a majority of the votes cast in favor.
The proposals, described in detail in the company’s definitive proxy statement filed on March 25, 2025, received the following votes:
- For the election of trustees, votes cast for ranged from 104,761,149 to 111,850,089, with abstentions ranging from 19,944 to 45,632 and broker non-votes consistently at 1,414,544 for each trustee.
- The ratification of Deloitte & Touche, LLP received 113,106,489 votes for, 165,677 against, and 19,736 abstentions.
- The advisory approval of executive compensation saw 104,892,357 votes for, 6,950,627 against, and 34,374 abstentions.
The company’s filing with the Securities and Exchange Commission on May 8, 2025, provides a full account of the annual meeting’s proceedings and outcomes. For deeper insights into Acadia Realty Trust’s financial health, valuation metrics, and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US equities with detailed analysis and actionable intelligence.
In other recent news, Acadia Realty Trust reported impressive financial results for the first quarter of 2025, significantly exceeding analysts’ expectations. The company achieved earnings per share of $0.34, surpassing the projected $0.07, while revenue reached $104.39 million, outpacing the anticipated $81.2 million. Despite these strong results, the company’s stock experienced a decline in after-hours trading. Acadia Realty Trust also raised its full-year guidance, indicating confidence in continued growth driven by strategic acquisitions and robust consumer spending trends. The company reported a 4.1% increase in same-store net operating income, with the street retail segment showing a 6.8% growth. Analyst discussions during the earnings call highlighted the stability of Acadia’s leasing pipeline and the potential impacts of macroeconomic conditions. The company remains focused on strategic expansion, as indicated by recent acquisitions in key markets such as Williamsburg and Georgetown. Additionally, Acadia Realty Trust is optimistic about achieving a 5%+ core internal net operating income growth in 2026.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.