** Acadia Realty Trust's AKR.N shares 3.4% before the bell on Weds to $21.77 after follow-on priced

** Retail property REIT announces 9 mln shares at $21.95 as part of forward sale for deal size of ~$197.55 mln

** Offering price is 2.6% discount to stock's last sale on Tues

** AKR enters 1-year forward sale agreements with bookrunners BofA, Jefferies, Truist and Wells Fargo

** Upon settlement of agreements, Acadia intends to use net proceeds to fund acquisitions, and for general corporate purposes, including debt repayment and working capital

** Rye, New York-based firm has ~133.5 mln shares outstanding

** At Tues close, AKR stock up ~10% YTD

** Avg rating of 8 analysts covering the stock is "buy"; median PT $24, per LSEG