Acadia Realty Trust (NYSE: AKR), is a REIT specializing in the acquisition, re-development and operation of retail and urban mixed-use properties. We focus on acquiring and redeveloping properties located in dense urban or major metropolitan markets and other high barrier to entry markets. Acadia currently owns or has ownership interest in, and operates a portfolio totaling over 10 million square feet across the United States.
Founded in 1998, Acadia is one of the industry's top performing shopping center REITs. In fact, we are the top-performing shopping center REIT of the past decade and one of the top five among all REITs over the same period. We continue to aggressively drive the four key components of our business model: maintaining a solid core portfolio of retail properties in densely populated, high quality locations; maintaining a flexible balance sheet coupled with excellent access to capital; executing an ambitious external investment program; and strengthening our talented management team.
We attribute our success to our unique business model and to our uncompromising commitment to three core attributes:
WE STAY FOCUSED
We execute our strategy by focusing on four key business strengths: enhancing our core portfolio, maintaining a strong balance sheet, launching profitable external growth initiatives, and energizing the Acadia Team.
WE MAINTAIN DISCIPLINE
The very nature of our business is long-term, with horizons measured in years, not quarters. We wait patiently for the right opportunities to present themselves and make strategic decisions that are driven by our commitment to sustain growth over the long term.
WE PROVIDE VALUE
We believe that the value we consistently create and deliver is one of the attributes most admired by our varied constituency, consumers who shop in our centers, retailers who lease our properties, loyal shareholders who rely on our expertise, our business partners and the talented employees who are the face of Acadia.