Acadia Realty Trust
US ˙ NYSE ˙ US0042391096

Introduction

This page provides a comprehensive analysis of the known insider trading history of Kenneth F Bernstein. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Kenneth F Bernstein has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:AKR / Acadia Realty Trust President and CEO, Director 375,592
Director 0
Director 0
Director 0
US:BRT / BRT Apartments Corp. Director 33,248
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Kenneth F Bernstein. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases AKR / Acadia Realty Trust - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in AKR / Acadia Realty Trust. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2023-03-17 AKR BERNSTEIN KENNETH F 3,000 13.1500 3,000 13.1500 39,450 314 17.5900 13,320 33.76
2023-03-16 AKR BERNSTEIN KENNETH F 3,000 13.5200 3,000 13.5200 40,560
2023-03-15 AKR BERNSTEIN KENNETH F 3,000 13.5300 3,000 13.5300 40,590
2023-03-14 AKR BERNSTEIN KENNETH F 3,000 13.6600 3,000 13.6600 40,980
2023-03-13 AKR BERNSTEIN KENNETH F 3,000 13.0600 3,000 13.0600 39,180
2023-03-10 AKR BERNSTEIN KENNETH F 3,000 13.5200 3,000 13.5200 40,560
2023-03-09 AKR BERNSTEIN KENNETH F 3,000 14.0600 3,000 14.0600 42,180
2020-03-16 AKR BERNSTEIN KENNETH F 6,277 16.8100 6,277 16.8100 105,516
2020-03-13 AKR BERNSTEIN KENNETH F 1,058 18.9000 1,058 18.9000 19,996
2020-03-11 AKR BERNSTEIN KENNETH F 934 21.3800 934 21.3800 19,969
2020-03-03 AKR BERNSTEIN KENNETH F 437 22.8500 437 22.8500 9,985
2020-02-28 AKR BERNSTEIN KENNETH F 881 22.6800 881 22.6800 19,981
2020-02-27 AKR BERNSTEIN KENNETH F 832 24.0400 832 24.0400 20,001
2020-02-26 AKR BERNSTEIN KENNETH F 817 24.4800 817 24.4800 20,000
2020-02-25 AKR BERNSTEIN KENNETH F 800 24.9400 800 24.9400 19,952
2020-02-24 AKR BERNSTEIN KENNETH F 793 25.1700 793 25.1700 19,960
2017-05-08 AKR BERNSTEIN KENNETH F 700 28.2170 700 28.2170 19,752
2017-05-04 AKR BERNSTEIN KENNETH F 702 28.5032 702 28.5032 20,009

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

AKR / Acadia Realty Trust Insider Trades
Insider Sales AKR / Acadia Realty Trust - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in AKR / Acadia Realty Trust. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2016-02-22 AKR BERNSTEIN KENNETH F 36,000 33.4700 36,000 33.4700 1,204,920 340 31.3600 -75,960 -6.30
2014-08-13 AKR BERNSTEIN KENNETH F 48,700 28.3900 48,700 28.3900 1,382,593
2014-08-12 AKR BERNSTEIN KENNETH F 51,300 28.4100 51,300 28.4100 1,457,433
2014-05-08 AKR BERNSTEIN KENNETH F 100,000 27.3400 100,000 27.3400 2,734,000
2012-12-07 AKR BERNSTEIN KENNETH F 72,000 25.2600 72,000 25.2600 1,818,720
2012-11-30 AKR BERNSTEIN KENNETH F 3,000 25.0000 3,000 25.0000 75,000
2012-11-27 AKR BERNSTEIN KENNETH F 25,000 25.0100 25,000 25.0100 625,250
2012-02-17 AKR BERNSTEIN KENNETH F 75,000 21.9900 75,000 21.9900 1,649,250

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

AKR / Acadia Realty Trust Insider Trades
Insider Purchases BRT / BRT Apartments Corp. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in AKR / Acadia Realty Trust. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

BRT / BRT Apartments Corp. Insider Trades
Insider Sales BRT / BRT Apartments Corp. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in AKR / Acadia Realty Trust. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

BRT / BRT Apartments Corp. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Kenneth F Bernstein as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2023-06-07 2023-03-17 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 3,000 375,592 0.81 13.15 39,450 4,939,035
2023-06-07 2023-03-16 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 3,000 372,592 0.81 13.52 40,560 5,037,444
2023-06-07 2023-03-15 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 3,000 369,592 0.82 13.53 40,590 5,000,580
2023-06-07 2023-03-14 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 3,000 366,592 0.83 13.66 40,980 5,007,647
2023-06-07 2023-03-13 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 3,000 363,592 0.83 13.06 39,180 4,748,512
2023-06-07 2023-03-10 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 3,000 360,592 0.84 13.52 40,560 4,875,204
2023-06-07 2023-03-09 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 3,000 357,592 0.85 14.06 42,180 5,027,744
2023-06-07 2020-03-16 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 6,277 354,593 1.80 16.81 105,516 5,960,708
2023-06-07 2020-03-13 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 1,058 348,316 0.30 18.90 19,996 6,583,172
2023-06-07 2020-03-11 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 934 347,258 0.27 21.38 19,969 7,424,376
2023-06-07 2020-03-03 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 437 346,324 0.13 22.85 9,985 7,913,503
2023-06-07 2020-02-28 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 881 345,887 0.26 22.68 19,981 7,844,717
2023-06-07 2020-02-27 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 832 345,006 0.24 24.04 20,001 8,293,944
2023-06-07 2020-02-26 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 817 344,174 0.24 24.48 20,000 8,425,380
2023-06-07 2020-02-25 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 800 343,357 0.23 24.94 19,952 8,563,324
2023-06-07 2020-02-24 4/A AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 793 342,557 0.23 25.17 19,960 8,622,160
2023-03-21 2023-03-17 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		A - Award 3,000 375,592 0.81 13.15 39,450 4,939,035
2023-03-20 2023-03-16 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		A - Award 3,000 372,592 0.81 13.52 40,560 5,037,444
2023-03-17 2023-03-15 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		A - Award 3,000 369,592 0.82 13.53 40,590 5,000,580
2023-03-16 2023-03-14 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest 		A - Award 3,000 366,592 0.83 13.66 40,980 5,007,647
2023-03-15 2023-03-13 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		A - Award 3,000 363,592 0.83 13.06 39,180 4,748,512
2023-03-14 2023-03-10 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		A - Award 3,000 360,592 0.84 13.52 40,560 4,875,204
2023-03-13 2023-03-09 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest 		A - Award 3,000 357,592 0.85 14.06 42,180 5,027,744
2022-05-31 3 NONE Golub Capital Direct Lending Unlevered Corp
Common Stock, par value $0.001 per share 		0
2022-05-31 3 NONE Golub Capital BDC 4, Inc.
Common Stock, par value $0.001 per share 		0
2022-02-23 2022-02-18 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		A - Award 179,574 1,825,652 10.91
2021-08-30 3 NONE GOLUB CAPITAL DIRECT LENDING CORP
Common Stock, par value $0.001 per share 		0
2021-02-22 2021-02-18 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		A - Award 178,559 1,646,078 12.17
2021-02-03 2021-02-01 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		A - Award 9,682 1,467,519 0.66
2020-03-17 2020-03-16 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		A - Award 6,277 354,593 1.80 16.81 105,516 5,960,708
2020-03-16 2020-03-13 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		A - Award 1,058 348,316 0.30 18.90 19,996 6,583,172
2020-03-12 2020-03-11 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		A - Award 934 347,258 0.27 21.38 19,969 7,424,376
2020-03-04 2020-03-03 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		A - Award 437 346,324 0.13 22.85 9,985 7,913,503
2020-03-02 2020-02-28 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		A - Award 881 345,887 0.26 22.68 19,981 7,844,717
2020-02-27 2020-02-27 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		A - Award 832 345,006 0.24 24.04 20,001 8,293,944
2020-02-26 2020-02-26 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		A - Award 817 344,174 0.24 24.48 20,000 8,425,380
2020-02-25 2020-02-25 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		A - Award 800 343,357 0.23 24.94 19,952 8,563,324
2020-02-24 2020-02-24 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		A - Award 793 342,557 0.23 25.17 19,960 8,622,160
2020-02-14 2020-02-13 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		A - Award 128,184 1,457,837 9.64
2019-02-15 2019-02-14 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		A - Award 97,924 1,329,653 7.95
2018-02-28 2018-02-26 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		A - Award 109,729 1,231,729 9.78
2017-05-08 2017-05-08 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 700 341,763 0.21 28.22 19,752 9,643,527
2017-05-04 2017-05-04 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		P - Purchase 702 341,063 0.21 28.50 20,009 9,721,387
2017-03-02 2017-02-28 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		A - Award 120,325 1,122,000 12.01
2016-03-21 2016-03-17 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		A - Award 119,478 1,001,675 13.54
2016-02-22 2016-02-22 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		S - Sale -36,000 340,361 -9.57 33.47 -1,204,920 11,391,883
2016-01-08 2016-01-06 4 BRT BRT REALTY TRUST
Shares of Beneficial Interest 		A - Award 3,500 33,248 11.77
2015-11-17 2015-11-16 4 AKR ACADIA REALTY TRUST
Options to Purchase Common Shares 		M - Exercise -36,034 0 -100.00
2015-11-17 2015-11-16 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		M - Exercise 36,034 376,361 10.59 20.65 744,102 7,771,855
2015-03-19 2014-03-31 4/A AKR ACADIA REALTY TRUST
Limited Partnershp Units 		A - Award 114,199 826,335 16.04
2015-03-09 2015-03-05 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		A - Award 105,862 882,197 13.64
2015-03-09 2015-03-05 4/A AKR ACADIA REALTY TRUST
Limited Partnership Units 		A - Award 105,862 882,197 13.64
2015-01-13 2015-01-09 4 BRT BRT REALTY TRUST
Shares of Beneficial Interest 		A - Award 3,250 29,748 12.27
2014-08-13 2014-08-13 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		C - Conversion -25,000 143,639 -14.82
2014-08-13 2014-08-13 4 AKR ACADIA REALTY TRUST
Operating Partnership Units 		C - Conversion -25,000 143,639 -14.82
2014-08-13 2014-08-13 4 AKR ACADIA REALTY TRUST
Operating Partnership Units 		C - Conversion 25,000 168,639 17.40
2014-08-13 2014-08-13 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		S - Sale -48,700 340,327 -12.52 28.39 -1,382,593 9,661,884
2014-08-13 2014-08-13 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		C - Conversion 25,000 389,027 6.87
2014-08-13 2014-08-12 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		C - Conversion -25,000 143,639 -14.82
2014-08-13 2014-08-12 4 AKR ACADIA REALTY TRUST
Operating Partnership Units 		C - Conversion -25,000 143,639 -14.82
2014-08-13 2014-08-12 4 AKR ACADIA REALTY TRUST
Operating Partnership Units 		C - Conversion 25,000 168,639 17.40
2014-08-13 2014-08-12 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		S - Sale -51,300 364,027 -12.35 28.41 -1,457,433 10,342,007
2014-08-13 2014-08-12 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		C - Conversion 25,000 415,327 6.40
2014-05-09 2014-05-08 4 AKR ACADIA REALTY TRUST
Options to Purchase Common Shares 		M - Exercise -19,866 36,034 -35.54
2014-05-09 2014-05-08 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		S - Sale -100,000 390,327 -20.39 27.34 -2,734,000 10,671,540
2014-05-09 2014-05-08 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		M - Exercise 19,866 490,327 4.22 16.35 324,809 8,016,846
2014-04-02 2014-03-31 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		A - Award 114,199 826,335 16.04
2014-03-04 2014-02-28 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		A - Award 127,413 712,136 21.79
2014-01-08 2014-01-06 4 BRT BRT REALTY TRUST
Shares of Beneficial Interest 		A - Award 3,250 26,498 13.98
2013-02-25 2013-02-22 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		A - Award 112,825 584,723 23.91
2013-01-14 2013-01-10 4 BRT BRT REALTY TRUST
Shares of Beneficial Interest 		A - Award 3,250 23,248 16.25
2012-12-07 2012-12-07 4 AKR ACADIA REALTY TRUST
Operating Partnership Units 		C - Conversion -50,000 143,639 -25.82
2012-12-07 2012-12-07 4 AKR ACADIA REALTY TRUST
Operating Partnership Units 		C - Conversion 81 193,639 0.04
2012-12-07 2012-12-07 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		C - Conversion -81 471,898 -0.02
2012-12-07 2012-12-07 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		S - Sale -72,000 470,471 -13.27 25.26 -1,818,720 11,884,097
2012-12-07 2012-12-07 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		C - Conversion 50,000 542,471 10.15
2012-12-04 2012-11-30 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		S - Sale -3,000 492,471 -0.61 25.00 -75,000 12,311,775
2012-11-29 2012-11-27 4 AKR ACADIA REALTY TRUST
Operating Partnership Units 		C - Conversion -50,000 193,558 -20.53
2012-11-29 2012-11-27 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		S - Sale -25,000 495,471 -4.80 25.01 -625,250 12,391,730
2012-11-29 2012-11-27 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		C - Conversion 50,000 520,471 10.63
2012-10-26 2012-01-16 4/A BRT BRT REALTY TRUST
Shares of Beneficial Interest 		A - Award 3,100 19,998 18.35
2012-03-16 2012-03-15 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		A - Award 122,494 471,979 35.05
2012-02-17 2012-02-17 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		S - Sale -75,000 470,471 -13.75 21.99 -1,649,250 10,345,657
2012-02-16 2012-02-14 4 AKR ACADIA REALTY TRUST
Limited Partnership Units 		C - Conversion -150,000 243,558 -38.11
2012-02-16 2012-02-14 4 AKR ACADIA REALTY TRUST
Operating Partnership Units 		C - Conversion -150,000 243,558 -38.11
2012-02-16 2012-02-14 4 AKR ACADIA REALTY TRUST
Operating Partnership Units 		C - Conversion 150,000 393,228 61.67
2012-02-16 2012-02-14 4 AKR ACADIA REALTY TRUST
Common Shares of Beneficial Interest - $.001 Par Value 		C - Conversion 150,000 545,471 37.93
2012-01-18 2012-01-16 4 BRT BRT REALTY TRUST
Shares of Beneficial Interest 		A - Award 3,400 19,998 20.48
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)