A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
ACADIA REALTY TRUST
AKR
$3.8B
Mkt Cap
$22.38
+1.77%
ACADIA REALTY TRUST (AKR) has a current P/E ratio of 223.8, compared to its historical median P/E of 40.6. The stock is currently considered Expensive based on its historical valuation range.
ACADIA REALTY TRUST (AKR) has a 5-year average return on invested capital (ROIC) of 1.5%. This is below average and may indicate limited pricing power.
ACADIA REALTY TRUST (AKR) has a market capitalization of $3.0B. It is classified as a mid-cap stock.
Yes, ACADIA REALTY TRUST (AKR) pays a dividend with a trailing twelve-month yield of 3.51%.
Based on historical P/E analysis, ACADIA REALTY TRUST (AKR) appears expensive. The current P/E of 223.8 is 451% above its historical median of 40.6. The estimated fair value CAGR (P/E method) is -9.2%.
ACADIA REALTY TRUST (AKR) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
ACADIA REALTY TRUST (AKR) reported annual revenue of $411 million in its most recent fiscal year, based on SEC EDGAR filings.
Acadia Realty Trust (the “Trust”, and collectively with its consolidated subsidiaries, the “Company”, “Acadia”, “we”, “us” or “our”) is a fully-integrated, Maryland-formed equity REIT focused on the ownership, acquisition, development, and management of high-quality retail properties located primarily in high-barrier-to-entry, supply-constrained, densely populated metropolitan areas in the United States. Acadia owns and operates a core real estate portfolio of street and open-air retail properties in the nation’s most dynamic corridors (“REIT Portfolio”), along with an investment management platform that targets opportunistic and value-add investments through its institutional co-investment vehicles (“Investment Management”). All assets are held by, and operations conducted through, Acadia Realty Limited Partnership (the “Operating Partnership”) and its affiliated entities.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 512M | 411M | 360M | 339M | 326M | 292M |
| Net Income | 46M | 17M | 22M | 20M | -35M | 24M |
| EPS | $0.34 | $0.10 | $0.19 | $0.20 | $-0.40 | $0.26 |
| Free Cash Flow | -120M | -240M | -21M | 29M | -109M | -57M |
| ROIC | 4.9% | 1.2% | 1.8% | 1.3% | 2.0% | 0.9% |
| Gross Margin | - | 24.7% | 39.3% | 39.3% | 18.1% | 39.5% |
| Debt/Equity | 0.74 | 0.88 | 0.75 | 1.21 | 1.16 | 1.27 |
| Dividends/Share | $0.78 | $0.80 | $0.74 | $0.72 | $0.72 | $0.60 |
| Operating Income | 193M | 49M | 66M | 49M | 68M | 31M |
| Operating Margin | 37.6% | 12.0% | 18.3% | 14.5% | 20.9% | 10.5% |
| ROE | 2.0% | 0.8% | 1.2% | 1.2% | -2.2% | 1.6% |
| Shares Outstanding | 134M | 169M | 114M | 99M | 89M | 91M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 180M | 199M | 190M | 249M | 260M | 290M | 251M | 292M | 326M | 339M | 360M | 411M | 512M |
| Gross Margin | 58.5% | 55.2% | 50.4% | 10.5% | 4.8% | 4.1% | 19.2% | 39.5% | 18.1% | 39.3% | 39.3% | 24.7% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 27M | 30M | 41M | 34M | 34M | 34M | 36M | 40M | 44M | 41M | 41M | 46M | 49M |
| EBIT | 51M | 44M | 22M | 66M | 33M | 73M | -115M | 31M | 68M | 49M | 66M | 49M | 193M |
| Op. Margin | 28.3% | 22.3% | 11.5% | 26.6% | 12.6% | 25.2% | -45.9% | 10.5% | 20.9% | 14.5% | 18.3% | 12.0% | 37.6% |
| Net Income | 71M | 66M | 73M | 61M | 31M | 54M | -9.0M | 24M | -35M | 20M | 22M | 17M | 46M |
| Net Margin | 39.6% | 33.0% | 38.3% | 24.7% | 12.1% | 18.5% | -3.6% | 8.1% | -10.9% | 5.9% | 6.0% | 4.1% | 8.9% |
| Non-Recurring | 13M | 94M | 82M | 63M | 0 | 1.7M | 86M | 20M | 92M | 3.7M | 844K | 40M | 40M |
| Returns on Capital | |||||||||||||
| ROIC | 2.7% | 2.0% | 2.6% | 2.2% | 1.1% | 2.2% | -0.3% | 0.9% | 2.0% | 1.3% | 1.8% | 1.2% | 4.9% |
| ROE | 8.1% | 6.1% | 5.4% | 3.9% | 2.1% | 3.6% | -0.6% | 1.6% | -2.2% | 1.2% | 1.2% | 0.8% | 2.0% |
| ROA | 2.9% | 2.3% | 2.1% | 1.5% | 0.8% | 1.3% | -0.2% | 0.6% | -0.8% | 0.5% | 0.5% | 0.4% | 1.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 83M | 114M | 110M | 115M | 96M | 131M | 104M | 105M | 133M | 156M | 140M | 167M | 172M |
| Free Cash Flow | -58M | -51M | -40M | 6.5M | -52M | -188M | 83M | -57M | -109M | 29M | -21M | -240M | -120M |
| Owner Earnings | 26M | 45M | 26M | -1.4M | -34M | -1.2M | -54M | -31M | -14M | 7.0M | -11M | -2.1M | -1.1M |
| CapEx | 140M | 164M | 149M | 108M | 148M | 320M | 21M | 162M | 243M | 127M | 162M | 407M | 293M |
| Maint. CapEx | 50M | 61M | 70M | 105M | 118M | 123M | 147M | 123M | 136M | 136M | 139M | 157M | 158M |
| Growth CapEx | 90M | 104M | 79M | 3.2M | 30M | 197M | 0 | 38M | 107M | 0 | 23M | 249M | 134M |
| D&A | 50M | 61M | 70M | 105M | 118M | 123M | 147M | 123M | 136M | 136M | 139M | 157M | 158M |
| CapEx/OCF | 169.8% | 144.6% | 133.7% | 174.8% | 154.0% | 243.3% | 20.4% | 154.2% | 182.1% | 81.2% | 115.0% | 243.7% | 169.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 53M | 86M | 91M | 100M | 89M | 94M | 50M | 39M | 65M | 69M | 76M | 101M | 105M |
| Dividend Yield | 4.9% | 5.7% | 5.0% | 5.6% | 5.5% | 5.1% | 5.1% | 2.6% | 4.8% | 5.3% | 3.6% | 3.0% | 3.5% |
| Share Buybacks | 0 | 0 | 0 | 0 | 55M | 0 | 22M | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | 3.6% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 6.7M | 7.4M | 14M | 11M | 13M | 10M | 11M | 12M | 11M | 13M | 13M | 12M | 15M |
| Debt Repayment | 0 | 132M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 901M | 1.3B | 1.4B | 1.4B | 1.5B | 1.8B | 1.8B | 1.9B | 1.9B | 1.9B | 1.5B | 1.9B | 1.7B |
| Cash & Equiv. | 218M | 73M | 72M | 75M | 20M | 14M | 19M | 18M | 17M | 17M | 17M | 39M | 31M |
| Long-Term Debt | 992M | 1.4B | 1.5B | 1.4B | 1.6B | 1.7B | 1.7B | 1.8B | 1.8B | 1.9B | 1.5B | 1.9B | 1.6B |
| Debt/Equity | 1.06 | 1.25 | 0.94 | 0.94 | 1.06 | 1.15 | 1.28 | 1.27 | 1.16 | 1.21 | 0.75 | 0.88 | 0.74 |
| Interest Coverage | 1.3 | 1.2 | 0.6 | 1.1 | 0.5 | 1.1 | -1.7 | 0.5 | 0.9 | 0.5 | 0.7 | 0.5 | 93.0 |
| Equity | 1.1B | 1.1B | 1.6B | 1.6B | 1.5B | 1.5B | 1.4B | 1.5B | 1.7B | 1.6B | 2.1B | 2.2B | 2.3B |
| Total Assets | 2.7B | 3.0B | 4.0B | 4.0B | 4.0B | 4.3B | 4.1B | 4.3B | 4.3B | 4.3B | 4.4B | 4.8B | 4.5B |
| Total Liabilities | 1.3B | 1.5B | 1.8B | 1.7B | 1.9B | 2.1B | 2.1B | 2.1B | 2.1B | 2.2B | 1.8B | 2.2B | 1.9B |
| Intangibles | 45M | 53M | 115M | 128M | 116M | 117M | 100M | 109M | 102M | 101M | 87M | 128M | 97M |
| Retained Earnings | 32M | 13M | -5.6M | -32M | -90M | -133M | -167M | -197M | -300M | -349M | -409M | -501M | -499M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | 102M | 209M | 210M | 286M | 315M | 268M | 236M | 196M | 229M | 233M | 273M | 223M |
| Per Share Data | |||||||||||||
| EPS | 1.18 | 0.94 | 0.94 | 0.73 | 0.38 | 0.63 | -0.11 | 0.26 | -0.40 | 0.20 | 0.19 | 0.10 | 0.34 |
| Owner EPS | 0.43 | 0.65 | 0.34 | -0.02 | -0.42 | -0.01 | -0.66 | -0.34 | -0.16 | 0.07 | -0.10 | -0.01 | -0.01 |
| Book Value | 17.53 | 15.74 | 20.52 | 18.61 | 17.64 | 18.09 | 17.66 | 16.80 | 19.09 | 16.47 | 18.13 | 13.17 | 17.05 |
| Cash Flow/Share | 1.37 | 1.63 | 1.42 | 1.36 | 1.16 | 1.54 | 1.27 | 1.16 | 1.50 | 1.57 | 1.23 | 0.99 | 1.53 |
| Dividends/Share | 1.23 | 1.22 | 1.16 | 1.05 | 1.09 | 1.13 | 0.61 | 0.60 | 0.72 | 0.72 | 0.74 | 0.80 | 0.78 |
| Shares Out. | 60.2M | 69.9M | 77.4M | 84.2M | 82.7M | 85.3M | 81.6M | 90.6M | 88.6M | 99.4M | 113.9M | 169.0M | 133.5M |
| Valuation | |||||||||||||
| P/E Ratio | 18.2 | 24.0 | 23.9 | 27.7 | 48.7 | 32.4 | N/A | 70.0 | N/A | 80.0 | 120.4 | 208.2 | 64.9 |
| P/FCF | N/A | N/A | N/A | 261.4 | N/A | N/A | 11.4 | N/A | N/A | 54.5 | N/A | N/A | N/A |
| EV/EBIT | 27.9 | 39.2 | 92.6 | 119.4 | 61.9 | 47.7 | N/A | 74.6 | 28.0 | 50.5 | 48.1 | 90.0 | 24.1 |
| Price/Book | 1.2 | 1.4 | 1.1 | 1.1 | 1.0 | 0.8 | 0.7 | 1.1 | 0.6 | 1.0 | 1.3 | 1.6 | 1.3 |
| Price/Sales | 5.6 | 7.6 | 9.7 | 7.1 | 6.3 | 6.4 | 3.9 | 5.2 | 4.1 | 3.8 | 5.9 | 8.1 | 5.8 |
| FCF Yield | -4.4% | -3.2% | -2.3% | 0.4% | -3.4% | -10.8% | 8.8% | -3.4% | -10.1% | 1.8% | -0.8% | -6.8% | -4.0% |
| Market Cap | 1.3B | 1.6B | 1.7B | 1.7B | 1.5B | 1.7B | 943M | 1.6B | 1.1B | 1.6B | 2.6B | 3.5B | 3.0B |
| Avg. Price | 18.00 | 21.61 | 23.81 | 21.18 | 19.63 | 21.60 | 12.11 | 16.79 | 15.10 | 13.06 | 18.77 | 19.79 | 22.38 |
| Year-End Price | 21.51 | 22.61 | 22.45 | 20.22 | 18.51 | 20.44 | 11.56 | 18.21 | 12.18 | 16.01 | 22.87 | 20.82 | 22.38 |
ACADIA REALTY TRUST passes 2 of 9 quality checks, indicating weak fundamentals.
ACADIA REALTY TRUST trades at 223.8x trailing earnings, compared to its 15-year median P/E of 40.6x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 1.5% with a gross margin of 32.2%. Total shareholder yield (dividends) is 3.5%. At current prices, the estimated annualized return to fair value is -2.6%.
ACADIA REALTY TRUST (AKR) has a net profit margin of 4.1%. This is a modest margin.
ACADIA REALTY TRUST (AKR) generated $-240 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
ACADIA REALTY TRUST (AKR) has a debt-to-equity ratio of 0.88. This indicates moderate leverage.
ACADIA REALTY TRUST (AKR) reported earnings per share (EPS) of $0.10 in its most recent fiscal year.
ACADIA REALTY TRUST (AKR) has a return on equity (ROE) of 0.8%. This indicates moderate shareholder returns.
ACADIA REALTY TRUST (AKR) has a 5-year average gross margin of 32.2%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for ACADIA REALTY TRUST (AKR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ACADIA REALTY TRUST (AKR) has a book value per share of $13.17, based on its most recent annual SEC filing.
No recent press releases.