Acadia paying dividend, taking charge
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- December
- 19
Acadia Realty Trust, a real estate investment trust in White Plains, said it will pay shareholders a special dividend of 55 cents a share, a total of $18 million. The company’s board of trustees approved the payment, the company said.
Acadia also said it is providing an impairment charge of $4.4 million against a certain investment. That means the company’s 2008 funds from operations will be $1.17 a share to $1.22 a share, the company said. Without the impairment, the company’s projected funds from operations would have been $1.30 a share to $1.35 a share, the company said.
This entry was posted
on Friday, December 19th, 2008 at 1:11 pm by Allan Drury.
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Category: Dividend changes
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