| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
AKR Stock Overview
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.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 50.9% per year for the next 3 years
+ 1 more risk
Acadia Realty Trust Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$16.46 |
| 52 Week High | US$23.33 |
| 52 Week Low | US$15.37 |
| Beta | 1.34 |
| 1 Month Change | -17.66% |
| 3 Month Change | -26.52% |
| 1 Year Change | -24.98% |
| 3 Year Change | -39.04% |
| 5 Year Change | -42.81% |
| Change since IPO | 143.85% |
Recent News & Updates
Shareholder Returns
| AKR | US REITs | US Market | |
|---|---|---|---|
| 7D | 3.6% | 6.5% | 6.6% |
| 1Y | -25.0% | -8.6% | -18.4% |
Return vs Industry: AKR underperformed the US REITs industry which returned -8.6% over the past year.
Return vs Market: AKR underperformed the US Market which returned -18.4% over the past year.
Price Volatility
| AKR volatility | |
|---|---|
| AKR Average Weekly Movement | 5.3% |
| REITs Industry Average Movement | 4.9% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.2% |
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.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1964 | 123 | Ken Bernstein | https://www.acadiarealty.com |
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
| AKR fundamental statistics | |
|---|---|
| Market Cap | US$1.59b |
| Earnings (TTM) | US$34.90m |
| Revenue (TTM) | US$312.91m |
44.8x
P/E Ratio5.0x
P/S RatioIs AKR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AKR income statement (TTM) | |
|---|---|
| Revenue | US$312.91m |
| Cost of Revenue | US$99.09m |
| Gross Profit | US$213.82m |
| Other Expenses | US$178.92m |
| Earnings | US$34.90m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.37 |
| Gross Margin | 68.33% |
| Net Profit Margin | 11.15% |
| Debt/Equity Ratio | 76.1% |
How did AKR perform over the long term?
See historical performance and comparisonDividends
4.4%
Current Dividend Yield41%
Payout RatioDoes AKR pay a reliable dividends?
See AKR dividend history and benchmarks| Acadia Realty Trust dividend dates | |
|---|---|
| Ex Dividend Date | Jun 29 2022 |
| Dividend Pay Date | Jul 15 2022 |
| Days until Ex dividend | 1 day |
| Days until Dividend pay date | 17 days |
Does AKR pay a reliable dividends?
See AKR dividend history and benchmarksValuation
Is AKR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation 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.
| What is AKR's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$1.59b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 13.2x |
| Enterprise Value/EBITDA | 24.1x |
| PEG Ratio | -0.9x |
Price to Earnings Ratio vs Peers
How does AKR's PE Ratio compare to its peers?
| AKR PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 132.2x | ||
BFS Saul Centers | 28x | 1.2% | US$1.6b |
IVT InvenTrust Properties | 417.8x | 37.8% | US$1.8b |
SKT Tanger Factory Outlet Centers | 62.8x | 31.2% | US$1.6b |
UE Urban Edge Properties | 20x | -37.1% | US$1.9b |
AKR Acadia Realty Trust | 44.8x | -50.9% | US$1.6b |
Price-To-Earnings vs Peers: AKR is good value based on its Price-To-Earnings Ratio (44.8x) compared to the peer average (132.2x).
Price to Earnings Ratio vs Industry
How does AKR's PE Ratio compare vs other companies in the US REITs Industry?
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.
| 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.
Discover undervalued companies
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
1/6Future 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%).
Discover growth companies
Past Performance
How has Acadia Realty Trust performed over the past 5 years?
Past Performance Score
3/6Past 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.
Discover strong past performing companies
Financial Health
How is Acadia Realty Trust's financial position?
Financial Health Score
1/6Financial 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
Discover healthy companies
Dividend
What is Acadia Realty Trust current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend 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.
Discover strong dividend paying companies
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
Key Information
- Name: Acadia Realty Trust
- Ticker: AKR
- Exchange: NYSE
- Founded: 1964
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$1.586b
- Market Cap: US$1.536b
- Shares outstanding: 97.96m
- 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
Company Analysis and Financial Data Status
| 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.