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.
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. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation’s most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.
Acadia Realty Trust Fundamentals Summary
How do Acadia Realty Trust's earnings and revenue compare to its market cap?
Is AKR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for AKR?
Other financial metrics that can be useful for relative valuation.
The above table shows the n/a ratio for AKR. This is calculated by dividing AKR's market cap by their current
preferred multiple.
What is AKR's n/a Ratio?
n/a Ratio
0x
n/a
n/a
Market Cap
US$1.59b
AKR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Price-To-Earnings vs Industry: AKR is expensive based on its Price-To-Earnings Ratio (44.8x) compared to the US REITs industry average (31.6x)
Price to Earnings Ratio vs Fair Ratio
What is AKR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
AKR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio
44.8x
Fair PE Ratio
12.8x
Price-To-Earnings vs Fair Ratio: AKR is expensive based on its Price-To-Earnings Ratio (44.8x) compared to the estimated Fair Price-To-Earnings Ratio (12.8x).
Share Price vs Fair Value
What is the Fair Price of AKR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: AKR ($16.46) is trading below our estimate of fair value ($47.78)
Significantly Below Fair Value: AKR is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: AKR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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Future Growth
How is Acadia Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score
1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-50.9%
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 (-50.9% per year).
Earnings vs Market: AKR's earnings are forecast to decline over the next 3 years (-50.9% per year).
High Growth Earnings: AKR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AKR's revenue (8.9% per year) is forecast to grow faster than the US market (8.4% per year).
High Growth Revenue: AKR's revenue (8.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AKR's Return on Equity is forecast to be low in 3 years time (2.1%).
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Past Performance
How has Acadia Realty Trust performed over the past 5 years?
Past Performance Score
3/6
Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-29.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AKR has a large one-off gain of $85.0M impacting its March 31 2022 financial results.
Growing Profit Margin: AKR's current net profit margins (11.2%) are higher than last year (1.6%).
Past Earnings Growth Analysis
Earnings Trend: AKR's earnings have declined by 29.3% per year over the past 5 years.
Accelerating Growth: AKR's earnings growth over the past year (802.7%) exceeds its 5-year average (-29.3% per year).
Earnings vs Industry: AKR earnings growth over the past year (802.7%) exceeded the REITs industry 69.5%.
Return on Equity
High ROE: AKR's Return on Equity (2.9%) is considered low.
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Financial Health
How is Acadia Realty Trust's financial position?
Financial Health Score
1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: AKR's short term assets ($334.1M) exceed its short term liabilities ($81.6M).
Long Term Liabilities: AKR's short term assets ($334.1M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: AKR's net debt to equity ratio (74.4%) is considered high.
Reducing Debt: AKR's debt to equity ratio has increased from 68.5% to 76.1% over the past 5 years.
Debt Coverage: AKR's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: AKR's interest payments on its debt are not well covered by EBIT (0.7x coverage).
Balance Sheet
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Dividend
What is Acadia Realty Trust current dividend yield, its reliability and sustainability?
Dividend Score
4/6
Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
4.37%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AKR's dividend (4.37%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: AKR's dividend (4.37%) is in the top 25% of dividend payers in the US market (4.23%)
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 not increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (41.1%), AKR's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (70.1%), AKR's dividend payments are covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
7.3yrs
Average management tenure
CEO
Ken Bernstein (60 yo)
23.83yrs
Tenure
US$5,645,279
Compensation
Mr. Kenneth F. Bernstein, J.D., also known as Ken, is a Director at Golub Capital Direct Lending LLC and Golub Capital Direct Lending Unlevered LLC. He serves as an Independent Director at Golub Capital In...
CEO Compensation Analysis
Compensation vs Market: Ken's total compensation ($USD5.65M) is about average for companies of similar size in the US market ($USD5.46M).
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 (7.3 years average tenure).
Board Members
Experienced Board: AKR's board of directors are seasoned and experienced ( 18.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.6%.
Top Shareholders
Company Information
Acadia Realty Trust's employee growth, exchange listings and data sources
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2022/06/27 00:00
End of Day Share Price
2022/06/27 00:00
Earnings
2022/03/31
Annual Earnings
2021/12/31
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.