Acadia Realty Trust
Market Cap
US$1.8b
Last Updated
2021/05/13 04:36 UTC
Data Sources
Company Financials +
Executive Summary
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core Portfolio and Fund – operating platforms and its disciplined, location-driven investment strategy. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 33.2% per year for the next 3 years
+ 1 more risk
Snowflake Analysis
Fair value second-rate dividend payer.
Similar Companies
Share Price & News
How has Acadia Realty Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AKR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: AKR's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-6.1%
AKR
-1.7%
US REITs
-2.8%
US Market
1 Year Return
90.9%
AKR
37.7%
US REITs
49.4%
US Market
Return vs Industry: AKR exceeded the US REITs industry which returned 37.7% over the past year.
Return vs Market: AKR exceeded the US Market which returned 49.4% over the past year.
Shareholder returns
| AKR | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.1% | -1.7% | -2.8% |
| 30 Day | 1.9% | 1.1% | -2.3% |
| 90 Day | 13.1% | 6.5% | -1.3% |
| 1 Year | 92.4%90.9% | 43.4%37.7% | 51.8%49.4% |
| 3 Year | -5.0%-14.2% | 41.7%24.7% | 57.5%47.6% |
| 5 Year | -26.9%-38.8% | 50.4%20.2% | 121.7%97.1% |
Long-Term Price Volatility Vs. Market
How volatile is Acadia Realty Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
We Think Acadia Realty Trust's (NYSE:AKR) CEO Compensation Package Needs To Be Put Under A Microscope2 months ago | Simply Wall St
How Many Acadia Realty Trust (NYSE:AKR) Shares Have Insiders Sold, In The Last Year?4 months ago | Simply Wall St
Here's What We Learned About The CEO Pay At Acadia Realty Trust (NYSE:AKR)Valuation
Is Acadia Realty Trust undervalued compared to its fair value and its price relative to the market?
36.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AKR ($20.31) is trading below our estimate of fair value ($31.72)
Significantly Below Fair Value: AKR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AKR is poor value based on its PE Ratio (395.7x) compared to the US REITs industry average (43.5x).
PE vs Market: AKR is poor value based on its PE Ratio (395.7x) compared to the US market (19.5x).
Price to Earnings Growth Ratio
PEG Ratio: AKR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: AKR is good value based on its PB Ratio (1.2x) compared to the US REITs industry average (1.8x).
Future Growth
How is Acadia Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-33.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AKR's earnings are forecast to decline over the next 3 years (-33.2% per year).
Earnings vs Market: AKR's earnings are forecast to decline over the next 3 years (-33.2% per year).
High Growth Earnings: AKR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AKR's revenue (12.6% per year) is forecast to grow faster than the US market (9% per year).
High Growth Revenue: AKR's revenue (12.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if AKR's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Acadia Realty Trust performed over the past 5 years?
-26.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AKR has a large one-off gain of $89.0M impacting its March 31 2021 financial results.
Growing Profit Margin: AKR's current net profit margins (1.7%) are lower than last year (10.6%).
Past Earnings Growth Analysis
Earnings Trend: AKR's earnings have declined by 26.1% per year over the past 5 years.
Accelerating Growth: AKR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AKR had negative earnings growth (-86.2%) over the past year, making it difficult to compare to the REITs industry average (-9.3%).
Return on Equity
High ROE: AKR's Return on Equity (-0.2%) is considered low.
Financial Health
How is Acadia Realty Trust's financial position?
Financial Position Analysis
Short Term Liabilities: AKR's short term assets ($359.9M) exceed its short term liabilities ($85.6M).
Long Term Liabilities: AKR's short term assets ($359.9M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: AKR's debt to equity ratio (85%) is considered high.
Reducing Debt: AKR's debt to equity ratio has increased from 80.3% to 85% over the past 5 years.
Debt Coverage: AKR's debt is not well covered by operating cash flow (6%).
Interest Coverage: Insufficient data to determine if AKR's interest payments on its debt are well covered by EBIT.
Balance Sheet
Dividend
What is Acadia Realty Trust current dividend yield, its reliability and sustainability?
2.95%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AKR's dividend (2.95%) is higher than the bottom 25% of dividend payers in the US market (1.28%).
High Dividend: AKR's dividend (2.95%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: AKR's dividend payments have been volatile in the past 10 years.
Growing Dividend: AKR's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.4%), AKR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AKR's dividends in 3 years are forecast to be covered by earnings (57.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.3yrs
Average management tenure
CEO
Ken Bernstein (59 yo)
20.33yrs
Tenure
US$5,205,726
Compensation
Mr. Kenneth F. Bernstein, J.D., also known as Ken, has been the chief executive officer of Acadia Realty Trust since 2001 and the president and a trustee since its formation in 1998. Mr. Bernstein serves a...
CEO Compensation Analysis
Compensation vs Market: Ken's total compensation ($USD5.21M) is above average for companies of similar size in the US market ($USD3.81M).
Compensation vs Earnings: Ken's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: AKR's management team is seasoned and experienced (9.3 years average tenure).
Board Members
Experienced Board: AKR's board of directors are seasoned and experienced ( 17 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AKR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Acadia Realty Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Acadia Realty Trust
- Ticker: AKR
- Exchange: NYSE
- Founded: 1964
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$1.816b
- Market Cap: US$1.753b
- Shares outstanding: 89.41m
- Website: https://www.acadiarealty.com
Number of Employees
Location
- Acadia Realty Trust
- 411 Theodore Fremd Avenue
- Suite 300
- Rye
- New York
- 10580
- United States
Listings
Biography
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core Portfolio and Fund – operating platforms and its disciplined, location-d...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/13 04:36 |
| End of Day Share Price | 2021/05/12 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.