Acadia Realty Trust
- Home ›
- US ›
- Real Estate
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual - Core and Fund - operating platforms and its disciplined, location-driven investment strategy. The last earnings update was 29 days ago. More info.
Add to Portfolio Compare Print
AKR Share Price and Events
7 Day Returns
1 Year Returns
AKR Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Acadia Realty Trust (AKR) | -0.3% | -0.1% | -2.4% | 13.3% | -16% | 3.2% |
| US REITs | -0.3% | 2.4% | 3.2% | 13.8% | 11.3% | 25.6% |
| US Market | -2.1% | -4.2% | 0% | 1.3% | 33.5% | 38% |
1 Year Return vs Industry and Market
- AKR outperformed the Market in United States of America which returned 1.3% over the past year.
AKR Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Acadia Realty Trust
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Acadia Realty Trust.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations | |
| Levered Adjusted Funds From Operations | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| REITs Unlevered Beta | Simply Wall St/ S&P Global | 0.53 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 21%) (69.62%)) |
0.88 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.88 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.88 * 5.96%) |
7.97% |
Discounted Cash Flow Calculation for NYSE:AKR using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model
The calculations below outline how an intrinsic value for Acadia Realty Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
Acadia Realty Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.
| Adjusted Funds From Operations (AFFO) (USD, Millions) | Source |
Present Value Discounted (@ 7.97%) |
|
|---|---|---|---|
| 2019 | 95.37 | Analyst x2 | 88.32 |
| 2020 | 104.58 | Analyst x2 | 89.71 |
| 2021 | 108.64 | Est @ 3.89% | 86.31 |
| 2022 | 112.49 | Est @ 3.54% | 82.77 |
| 2023 | 116.20 | Est @ 3.3% | 79.18 |
| 2024 | 119.83 | Est @ 3.13% | 75.63 |
| 2025 | 123.43 | Est @ 3.01% | 72.15 |
| 2026 | 127.04 | Est @ 2.92% | 68.78 |
| 2027 | 130.68 | Est @ 2.87% | 65.52 |
| 2028 | 134.38 | Est @ 2.83% | 62.40 |
| Present value of next 10 years cash flows | $770.76 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $134.38 × (1 + 2.73%) ÷ (7.97% – 2.73%) |
$2,633.07 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $2,633.07 ÷ (1 + 7.97%)10 |
$1,222.71 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $770.76 + $1,222.71 |
$1,993.47 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,993.47 / 86.10 |
$23.15 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $23.15 |
| Current discount | Discount to share price of
$28.46
= -1 x ($28.46 - $23.15) / $23.15 |
-22.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Acadia Realty Trust is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Acadia Realty Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Acadia Realty Trust's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $0.44 |
| NYSE:AKR Share Price ** | NYSE (2019-05-24) in USD | $28.46 |
| United States of America REITs Industry PE Ratio | Median Figure of 155 Publicly-Listed REITs Companies | 32.62x |
| United States of America Market PE Ratio | Median Figure of 3,082 Publicly-Listed Companies | 17.36x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Acadia Realty Trust.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:AKR Share Price ÷ EPS (both in USD) = 28.46 ÷ 0.44 |
64.75x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Acadia Realty Trust is overvalued based on earnings compared to the US REITs industry average.
- Acadia Realty Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Acadia Realty Trust's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 64.75x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
0.6%per year |
| United States of America REITs Industry PEG Ratio | Median Figure of 141 Publicly-Listed REITs Companies | 2.39x |
| United States of America Market PEG Ratio | Median Figure of 2,120 Publicly-Listed Companies | 1.5x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 64.75x ÷ 0.6% |
110.5x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Acadia Realty Trust is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Acadia Realty Trust's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $17.72 |
| NYSE:AKR Share Price * | NYSE (2019-05-24) in USD | $28.46 |
| United States of America REITs Industry PB Ratio | Median Figure of 191 Publicly-Listed REITs Companies | 1.86x |
| United States of America Market PB Ratio | Median Figure of 5,207 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:AKR Share Price ÷ Book Value per Share (both in USD) = 28.46 ÷ 17.72 |
1.61x |
* Primary Listing of Acadia Realty Trust.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Acadia Realty Trust is good value based on assets compared to the US REITs industry average.
Value checks
We assess Acadia Realty Trust's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check) Acadia Realty Trust has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
AKR Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Acadia Realty Trust's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
- Acadia Realty Trust's earnings growth is positive but not above the United States of America market average.
- Acadia Realty Trust's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:AKR Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 0.6% |
| NYSE:AKR Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | -6.8% |
| United States of America REITs Industry Earnings Growth Rate | Market Cap Weighted Average | 5.7% |
| United States of America REITs Industry Revenue Growth Rate | Market Cap Weighted Average | 4.4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | 247 | 33 | 3 | |
| 2019-12-31 | 252 | 30 | 2 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 287 | 93 | 36 |
| 2018-12-31 | 275 | 96 | 31 |
| 2018-09-30 | 271 | 100 | 45 |
| 2018-06-30 | 271 | 100 | 49 |
| 2018-03-31 | 263 | 113 | 53 |
| 2017-12-31 | 261 | 115 | 61 |
| 2017-09-30 | 246 | 142 | 60 |
| 2017-06-30 | 224 | 138 | 53 |
| 2017-03-31 | 208 | 118 | 59 |
| 2016-12-31 | 195 | 110 | 72 |
| 2016-09-30 | 197 | 85 | 61 |
| 2016-06-30 | 211 | 103 | 69 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Acadia Realty Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | 0.40 | 0.42 | 0.38 | 2.00 |
| 2019-12-31 | 0.36 | 0.37 | 0.36 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.44 |
| 2018-12-31 | 0.38 |
| 2018-09-30 | 0.54 |
| 2018-06-30 | 0.58 |
| 2018-03-31 | 0.63 |
| 2017-12-31 | 0.73 |
| 2017-09-30 | 0.72 |
| 2017-06-30 | 0.65 |
| 2017-03-31 | 0.74 |
| 2016-12-31 | 0.94 |
| 2016-09-30 | 0.84 |
| 2016-06-30 | 0.97 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Acadia Realty Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Acadia Realty Trust's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Acadia Realty Trust has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
AKR Past Performance
How has Acadia Realty Trust performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Acadia Realty Trust's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Acadia Realty Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Acadia Realty Trust's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.
Earnings and Revenue History
All data from Acadia Realty Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 286.96 | 35.93 | 34.20 | |
| 2018-12-31 | 274.56 | 31.17 | 34.34 | |
| 2018-09-30 | 270.56 | 44.91 | 32.83 | |
| 2018-06-30 | 270.57 | 48.50 | 32.80 | |
| 2018-03-31 | 262.63 | 52.73 | 33.76 | |
| 2017-12-31 | 260.97 | 60.83 | 33.76 | |
| 2017-09-30 | 246.28 | 59.72 | 35.19 | |
| 2017-06-30 | 224.02 | 53.05 | 40.11 | |
| 2017-03-31 | 208.15 | 58.89 | 39.77 | |
| 2016-12-31 | 194.53 | 71.98 | 40.65 | |
| 2016-09-30 | 196.71 | 61.11 | 37.97 | |
| 2016-06-30 | 211.10 | 68.61 | 32.70 | |
| 2016-03-31 | 221.81 | 77.03 | 32.19 | |
| 2015-12-31 | 212.74 | 64.78 | 30.37 | |
| 2015-09-30 | 227.87 | 65.28 | 29.68 | |
| 2015-06-30 | 218.92 | 79.77 | 29.20 | |
| 2015-03-31 | 213.49 | 64.82 | 28.07 | |
| 2014-12-31 | 291.65 | 69.71 | 27.43 | |
| 2014-09-30 | 200.55 | 67.90 | 29.19 | |
| 2014-06-30 | 195.55 | 48.57 | 27.40 | |
| 2014-03-31 | 186.24 | 45.23 | 26.83 | |
| 2013-12-31 | 181.06 | 33.45 | 25.56 | |
| 2013-09-30 | 164.36 | 34.63 | 21.85 | |
| 2013-06-30 | 145.35 | 31.58 | 22.03 | |
| 2013-03-31 | 130.61 | 29.16 | 20.92 | |
| 2012-12-31 | 115.54 | 23.16 | 21.22 | |
| 2012-09-30 | 86.34 | 16.91 | 22.55 | |
| 2012-06-30 | 98.66 | 14.97 | 22.80 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Acadia Realty Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- Acadia Realty Trust used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
- Acadia Realty Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Acadia Realty Trust's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Acadia Realty Trust has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
AKR Health
How is Acadia Realty Trust's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Acadia Realty Trust's finances.
The net worth of a company is the difference between its assets and liabilities.
- Acadia Realty Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Acadia Realty Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Acadia Realty Trust Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 2,106.35 | 1,705.98 | 31.29 |
| 2018-12-31 | 2,081.95 | 1,628.96 | 28.29 |
| 2018-09-30 | 2,123.80 | 1,553.07 | 24.64 |
| 2018-06-30 | 2,112.55 | 1,532.91 | 29.58 |
| 2018-03-31 | 2,164.67 | 1,527.25 | 49.30 |
| 2017-12-31 | 2,215.64 | 1,496.49 | 79.23 |
| 2017-09-30 | 2,169.79 | 1,676.81 | 50.92 |
| 2017-06-30 | 2,180.40 | 1,617.67 | 46.09 |
| 2017-03-31 | 2,196.49 | 1,575.16 | 51.09 |
| 2016-12-31 | 2,178.13 | 1,562.44 | 74.73 |
| 2016-09-30 | 2,009.05 | 1,309.32 | 49.24 |
| 2016-06-30 | 1,760.92 | 1,261.17 | 83.85 |
| 2016-03-31 | 1,628.48 | 1,308.96 | 84.86 |
| 2015-12-31 | 1,521.35 | 1,364.48 | 73.59 |
| 2015-09-30 | 1,514.54 | 1,325.65 | 72.81 |
| 2015-06-30 | 1,519.87 | 1,330.67 | 104.95 |
| 2015-03-31 | 1,441.73 | 1,312.24 | 119.56 |
| 2014-12-31 | 1,435.96 | 1,123.20 | 217.78 |
| 2014-09-30 | 1,202.33 | 1,143.67 | 132.23 |
| 2014-06-30 | 1,192.36 | 1,077.23 | 87.70 |
| 2014-03-31 | 1,130.80 | 1,111.18 | 72.79 |
| 2013-12-31 | 1,121.59 | 1,042.00 | 82.29 |
| 2013-09-30 | 1,113.16 | 1,007.06 | 88.42 |
| 2013-06-30 | 1,113.89 | 1,094.00 | 100.02 |
| 2013-03-31 | 1,086.69 | 1,107.32 | 81.83 |
| 2012-12-31 | 1,070.26 | 617.58 | 91.81 |
| 2012-09-30 | 928.62 | 877.07 | 85.30 |
| 2012-06-30 | 899.47 | 859.25 | 66.46 |
- Acadia Realty Trust's level of debt (81%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (98.2% vs 81% today).
- Debt is not well covered by operating cash flow (5.4%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 0.8x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Acadia Realty Trust's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Acadia Realty Trust has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
AKR Dividends
What is Acadia Realty Trust's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Acadia Realty Trust
shares you are expected to receive
$79
in your first year as a dividend.
Dividend Amount
- Acadia Realty Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
- Acadia Realty Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).
Upcoming dividend payment
Purchase Acadia Realty Trust before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| United States of America REITs Industry Average Dividend Yield | Market Cap Weighted Average of 184 Stocks | 3.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 1.22 | 1.00 |
| 2020-12-31 | 1.19 | 4.00 |
| 2019-12-31 | 1.13 | 3.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-09 | 1.120 | 3.938 |
| 2019-02-28 | 1.120 | 4.026 |
| 2018-11-15 | 1.120 | 4.110 |
| 2018-08-07 | 1.080 | 3.859 |
| 2018-05-11 | 1.080 | 4.079 |
| 2018-02-27 | 1.080 | 4.467 |
| 2017-11-08 | 1.080 | 4.151 |
| 2017-08-09 | 1.190 | 4.085 |
| 2017-05-11 | 1.190 | 4.227 |
| 2017-03-03 | 1.190 | 3.951 |
| 2016-11-10 | 1.190 | 3.666 |
| 2016-08-10 | 1.250 | 3.543 |
| 2016-05-09 | 1.250 | 3.548 |
| 2016-03-18 | 1.250 | 3.648 |
| 2015-11-11 | 1.250 | 3.785 |
| 2015-08-12 | 0.960 | 3.085 |
| 2015-05-27 | 0.960 | 3.101 |
| 2015-03-10 | 0.960 | 2.925 |
| 2014-11-06 | 0.960 | 2.869 |
| 2014-08-06 | 0.920 | 3.193 |
| 2014-05-14 | 0.920 | 3.276 |
| 2014-03-10 | 0.920 | 3.453 |
| 2013-11-04 | 0.920 | 3.577 |
| 2013-08-06 | 0.840 | 3.364 |
| 2013-05-16 | 0.840 | 3.247 |
| 2013-02-25 | 0.840 | 3.003 |
| 2012-11-13 | 0.720 | 2.811 |
| 2012-08-15 | 0.720 | 2.873 |
| 2012-06-07 | 0.720 | 3.082 |
| 2012-03-21 | 0.720 | 3.195 |
| 2011-12-06 | 0.720 | 3.467 |
| 2011-08-10 | 0.720 | 3.655 |
| 2011-06-21 | 0.720 | 3.493 |
| 2011-03-17 | 0.720 | 3.641 |
| 2010-12-02 | 0.720 | 3.880 |
| 2010-08-26 | 0.720 | 3.775 |
| 2010-05-10 | 0.720 | 4.052 |
| 2010-03-04 | 0.720 | 3.955 |
| 2009-12-21 | 0.720 | 4.350 |
| 2009-11-06 | 1.270 | 7.701 |
| 2009-10-29 | 1.270 | 7.969 |
| 2009-09-15 | 0.720 | 4.716 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Acadia Realty Trust's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.4x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Acadia Realty Trust's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Acadia Realty Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Acadia Realty Trust has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
AKR Management
CEO
| COMPENSATION | $5,127,625 |
| AGE | 57 |
| TENURE AS CEO | 18.3 years |
CEO Bio
Mr. Kenneth F. Bernstein J.D., 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 as a Director of Golub Capital BDC 3, Inc. Mr. Bernstein is responsible for strategic planning as well as overseeing the day-to-day activities of Acadia Realty Trust including operations, acquisitions and capital markets. He was an independent trustee of BRT Apartments Corp. from 2004 to 2016. From 1990 to 1998, he served as chief operating officer of RD Capital, Inc. until its merger into Acadia Realty Trust. He was an associate with the New York law firm of Battle Fowler LLP, from 1986 to 1990. Mr. Bernstein has been a member of the board of directors of GCIC since November 2014 and a member of the board of directors of GBDC 3 since August 2017. Mr. Bernstein was also the founding chairman of the Young President’ Organization Real Estate Network and is currently a member of its board of advisors. He has been a member of the National Association of Corporate Directors, International Council of Shopping Centers, the National Association of Real Estate Investment Trusts, for which he serves on the Board of Governors, the Urban Land Institute and the Real Estate Roundtable. He has been a member of the Board of Trustees of Golub Capital BDC, Inc. 2010. Mr. Bernstein received his BA from the University of Vermont and his JD from Boston University School of Law.
CEO Compensation
- Kenneth's compensation has been consistent with company performance over the past year, both up more than 20%.
- Kenneth's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Acadia Realty Trust management team in years:
- The average tenure for the Acadia Realty Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Kenneth Bernstein
President
$5M
57
18.3 yrs
John Gottfried
Senior VP & CFO
$1M
46
2.9 yrs
Chris Conlon
Executive VP & COO
$2M
58
7.3 yrs
Joseph Napolitano
Chief Administrative Officer & Senior VP
$1M
53
12.1 yrs
Richard Hartmann
Chief Accounting Officer & Senior VP
Amy Racanello
Senior VP of Capital Markets & Investments
Jason Blacksberg
Chief Compliance Officer
$1M
42
5 yrs
John Swagerty
Senior Vice President of Development
3.3 yrs
Estelle Nikolopoulos
Vice President of Human Resources
0.3 yrs
Mike Nelsen
Senior Vice President of Accounting & Financial Principal
$1M
71
Board of Directors Tenure
Average tenure and age of the Acadia Realty Trust board of directors in years:
- The average tenure for the Acadia Realty Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Kenneth Bernstein
President
$5M
57
15.9 yrs
Larry Kellar
$200K
81
15.5 yrs
Doug Crocker
$173K
78
15.5 yrs
Wendy Luscombe
Independent Trustee
$165K
67
15 yrs
Bill Spitz
$165K
66
11.8 yrs
Lee Wielansky
Independent Lead Trustee
$262K
67
15.3 yrs
C. Zoba
$174K
66
3.8 yrs
Lynn Thurber
Independent Trustee
$161K
71
3.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 02. May 19 | Sell | Wendy Luscombe | Individual | 01. May 19 | 01. May 19 | -200 | $28.18 | $-5,636 | ||
| 05. Mar 19 | Sell | Christopher Conlon | Individual | 01. Mar 19 | 05. Mar 19 | -10,000 | $28.21 | $-280,600 | ||
| 15. Feb 19 | Sell | Richard Hartmann | Individual | 15. Feb 19 | 15. Feb 19 | -168 | $29.32 | $-4,926 | ||
| 05. Nov 18 | Sell | Wendy Luscombe | Individual | 01. Nov 18 | 01. Nov 18 | -4,500 | $28.00 | $-126,000 | ||
| 31. Oct 18 | Sell | Richard Hartmann | Individual | 29. Oct 18 | 29. Oct 18 | -276 | $28.35 | $-7,825 | ||
| 13. Sep 18 | Sell | Wendy Luscombe | Individual | 12. Sep 18 | 12. Sep 18 | -699 | $28.52 | $-19,935 | ||
| 30. Aug 18 | Sell | Richard Hartmann | Individual | 28. Aug 18 | 28. Aug 18 | -2,203 | $28.51 | $-62,813 | ||
| 21. Aug 18 | Sell | Wendy Luscombe | Individual | 17. Aug 18 | 17. Aug 18 | -2,204 | $28.12 | $-61,976 | ||
| 18. Jun 18 | Sell | Christopher Conlon | Individual | 15. Jun 18 | 15. Jun 18 | -9,200 | $27.57 | $-253,651 | ||
Management checks
We assess Acadia Realty Trust's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Acadia Realty Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
AKR News
Simply Wall St News
Is Acadia Realty Trust (NYSE:AKR) Excessively Paying Its CEO?
At the time of writing our data says that Acadia Realty Trust has a market cap of US$2.5b, and is paying total annual CEO compensation of US$5.1m. … Given the total loss of 5.4% over three years, many shareholders in Acadia Realty Trust are probably rather dissatisfied, to say the least. … If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Acadia Realty Trust.
Simply Wall St - – Full articleOne Metric To Rule Them All: Acadia Realty Trust (NYSE:AKR)
Acadia Realty Trust is a US$2.4b. … real estate investment trust (REIT) based in Rye, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company.
Simply Wall St - – Full articleWho Has Been Selling Acadia Realty Trust (NYSE:AKR) Shares?
So before you buy or sell Acadia Realty Trust (NYSE:AKR), you may well want to know whether insiders have been buying or selling. … Acadia Realty Trust Insider Transactions Over The Last Year. … Over the last year we saw more insider selling of Acadia Realty Trust shares, than buying
Simply Wall St - – Full articleShould You Worry About Acadia Realty Trust's (NYSE:AKR) CEO Salary Level?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Check out our latest analysis for Acadia Realty Trust … How Does Kenneth Bernstein's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleWith A 0.7% Return On Equity, Is Acadia Realty Trust (NYSE:AKR) A Quality Stock?
To keep the lesson grounded in practicality, we'll use ROE to better understand Acadia Realty Trust (NYSE:AKR). … Over the last twelve months Acadia Realty Trust has recorded a ROE of 0.7%. … That means that for every $1 worth of shareholders' equity, it generated $0.0075 in profit.
Simply Wall St - – Full articleShould You Invest In Acadia Realty Trust (NYSE:AKR)?
Acadia Realty Trust is a US$2.4b. … real estate investment trust (REIT) based in Rye, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company.
Simply Wall St - – Full articleHow Should Investors React To Acadia Realty Trust's (NYSE:AKR) CEO Pay?
Kenneth Bernstein became the CEO of Acadia Realty Trust (NYSE:AKR) in 2001. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … According to our data, Acadia Realty Trust has a market capitalization of US$2.4b, and pays its CEO total annual compensation worth US$5m.
Simply Wall St - – Full articleIs Acadia Realty Trust (NYSE:AKR) A Healthy REIT?
Acadia Realty Trust is a US$2.26b. … real estate investment trust (REIT) based in Rye, United States. … View our latest analysis for Acadia Realty Trust
Simply Wall St - – Full articleAcadia Realty Trust (NYSE:AKR): Ex-Dividend Is In 1 Days, Should You Buy?
Acadia Realty Trust (NYSE:AKR) will be distributing its dividend of US$0.27 per share on the 13 July 2018, and will start trading ex-dividend in 1 days time on the 28 June 2018. … Should you diversify into Acadia Realty Trust and boost your portfolio income stream? … 5 questions I ask before picking a dividend stock
Simply Wall St - – Full articleIncome Investors Should Steer Clear of Acadia Realty Trust (NYSE:AKR)
Acadia Realty Trust (NYSE:AKR) has returned to shareholders over the past 10 years, an average dividend yield of 4.00% annually. … Let's dig deeper into whether Acadia Realty Trust should have a place in your portfolio. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:
Simply Wall St - – Full articleAKR Company Info
Description
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual - Core 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 urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.
Details
| Name: | Acadia Realty Trust |
| AKR | |
| Exchange: | NYSE |
| Founded: | 1964 |
| $2,450,362,655 | |
| $2,355,601,101 | |
| 86,098,477 | |
| Website: | http://www.acadiarealty.com |
| Address: |
Acadia Realty Trust 411 Theodore Fremd Avenue, Suite 300, Rye, New York, 10580, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | AKR | Common Shares | New York Stock Exchange | US | USD | 13. Aug 1998 | |
| DB | WX1 | Common Shares | Deutsche Boerse AG | DE | EUR | 13. Aug 1998 |
Number of employees
Current staff
Industry
| Retail REITs | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/24 23:32 |
| End of day share price update: | 2019/05/24 00:00 |
| Last estimates confirmation: | 2019/05/20 |
| Last earnings filing: | 2019/04/25 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
