December 22, 2009 (FinancialWire) — Acadia Realty Trust (NYSE: AKR) has declared a dividend for the fourth quarter ending December 31, 2009. The firm’s board of trustees has declared a cash dividend of $0.18 per common share of beneficial interest payable on February 1, 2010 to holders of record as of December 31, 2009 to enhance the company’s tax planning flexibility.

White Plains, New York-based Acadia Realty Trust is a real estate investment trust focused primarily on the ownership, acquisition, redevelopment and management of retail and mixed-use properties including neighborhood and community shopping centers located in dense urban and suburban markets in major metropolitan areas.

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