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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


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

AKRIndustryMarket
7 Day-6.1%-1.7%-2.8%
30 Day1.9%1.1%-2.3%
90 Day13.1%6.5%-1.3%
1 Year92.4%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

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

TodayMay 13 2021Ex Dividend DateJun 29 2021Dividend Pay DateJul 15 202116 days from Ex DividendBuy in the next 47 days to receive the upcoming dividend

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/13 04:36
End of Day Share Price2021/05/12 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.