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Acadia Realty Trust's (AKR) CEO Ken Bernstein on Q1 2018 Results - Earnings Call Transcript

May 02, 2018 6:28 PM ETAcadia Realty Trust (AKR)
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Acadia Realty Trust (NYSE:AKR) Q1 2018 Earnings Conference Call May 2, 2018 12:00 PM ET


Samuel Payette - Acquisitions Analyst

Ken Bernstein - President and CEO

Amy Racanello - SVP of Capital Markets and Investments

John Gottfried - CFO


Christy McElroy - Citi

Todd Thomas - KeyBanc Capital Markets, Inc.

Craig Schmidt - Bank of America Merrill Lynch

Michael Mueller - JPMorgan

Vince Tibone - Green Street Advisors

Floris van Dijkum - Boenning & Scattergood


Good day, ladies and gentlemen, and welcome to the Acadia Realty Trust First Quarter 2018 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this conference call is being recorded

I would now like to turn the conference over to your host, Sam Payette. Please begin

Samuel Payette

Good afternoon and thank you for joining us for the first quarter 2018 Acadia Realty Trust earnings conference call. My name is Sam Payette, and I am an analyst in our Acquisitions department.

Before we begin, please be aware that the statements made during the call that are not historical may be deemed forward-looking statements within the meaning of the Securities and Exchange Act of 1934, and actual results may differ materially from those indicated by such forward-looking statements, due to a variety of risks and uncertainties, including those disclosed in the company's most recent Form 10-K and other periodic filings with the SEC, forward-looking statements speak only as of the date of this call May 2, 2018, and the company undertakes no duty to update them.

During this call, management may refer to certain non-GAAP financial measures, including funds from operations and net operating income. Please see Acadia's earnings press release posted on

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