Acadia Realty Trust

As of June 30, 2026, Acadia reported net debt to EBITDA of 5.1x including the investment management platform and unsettled forward equity.

The company upsized and extended its corporate credit facility to about 1.425 billion and disclosed minimal REIT portfolio debt maturities through 2028, with no significant maturities until 2029 per prior disclosures.

The Q2 2026 10‑Q shows unsecured notes payable of roughly 1.11 billion, mortgages of about 0.48 billion, and modest revolver draws, alongside 137.3 million common shares outstanding at July 24, 2026. Liquidity is strong but leverage is not low, and forward equity (17.8 million unsettled shares) adds dilution tail risk even as it de‑risks funding of acquisitions and development.

Net exposure to rates persists until more debt is termed out or hedged.