Acadia Realty Trust
Market Cap
US$1.8b
Last Updated
2021/03/05 23:42 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 13.3% per year for the next 3 years
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 +/- 6% a week.
Volatility Over Time: AKR's weekly volatility has decreased from 11% to 6% over the past year.
Market Performance
7 Day Return
4.1%
AKR
-0.8%
US REITs
-0.4%
US Market
1 Year Return
-15.5%
AKR
-4.9%
US REITs
36.3%
US Market
Return vs Industry: AKR underperformed the US REITs industry which returned -7.5% over the past year.
Return vs Market: AKR underperformed the US Market which returned 31.2% over the past year.
Shareholder returns
| AKR | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.1% | -0.8% | -0.4% |
| 30 Day | 33.7% | -0.2% | -1.3% |
| 90 Day | 27.8% | 0.8% | 4.9% |
| 1 Year | -13.6%-15.5% | -0.5%-4.9% | 39.2%36.3% |
| 3 Year | -12.5%-21.2% | 30.0%14.2% | 48.7%39.2% |
| 5 Year | -31.3%-42.4% | 41.0%12.5% | 117.0%92.8% |
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
2 weeks ago | Simply Wall St
How Many Acadia Realty Trust (NYSE:AKR) Shares Have Insiders Sold, In The Last Year?2 months ago | Simply Wall St
Here's What We Learned About The CEO Pay At Acadia Realty Trust (NYSE:AKR)3 months ago | Simply Wall St
If You Had Bought Acadia Realty Trust's (NYSE:AKR) Shares Five Years Ago You Would Be Down 59%Valuation
Is Acadia Realty Trust undervalued compared to its fair value and its price relative to the market?
21.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AKR ($19.52) is trading below our estimate of fair value ($24.96)
Significantly Below Fair Value: AKR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AKR is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: AKR is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AKR's PEG Ratio to determine if it is good value.
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 (1.6x).
Next Steps
Future Growth
How is Acadia Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-13.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AKR is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: AKR is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: AKR is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: AKR's revenue (5.7% per year) is forecast to grow slower than the US market (10.1% per year).
High Growth Revenue: AKR's revenue (5.7% 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 (0.7%).
Next Steps
Past Performance
How has Acadia Realty Trust performed over the past 5 years?
-21.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AKR is currently unprofitable.
Growing Profit Margin: AKR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AKR is unprofitable, and losses have increased over the past 5 years at a rate of 21.9% per year.
Accelerating Growth: Unable to compare AKR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AKR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-6.1%).
Return on Equity
High ROE: AKR has a negative Return on Equity (-3.22%), as it is currently unprofitable.
Next Steps
Financial Health
How is Acadia Realty Trust's financial position?
Financial Position Analysis
Short Term Liabilities: AKR's short term assets ($366.7M) exceed its short term liabilities ($69.0M).
Long Term Liabilities: AKR's short term assets ($366.7M) do not cover its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: AKR's debt to equity ratio (90.5%) is considered high.
Reducing Debt: AKR's debt to equity ratio has increased from 89.5% to 90.5% over the past 5 years.
Debt Coverage: AKR's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: Insufficient data to determine if AKR's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Acadia Realty Trust current dividend yield, its reliability and sustainability?
3.05%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AKR's dividend (3.07%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: AKR's dividend (3.07%) is low compared to the top 25% of dividend payers in the US market (3.72%).
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 reasonably low payout ratio (43.8%), 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 (55.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.2yrs
Average management tenure
CEO
Ken Bernstein (59 yo)
20.17yrs
Tenure
US$5,731,114
Compensation
Mr. Kenneth F. Bernstein, J.D., also known as Ken, has been the chief executive officer of Acadia Realty Trust since 2001 and the president and a trustee since its formation in 1998. Mr. Bernstein serves a...
CEO Compensation Analysis
Compensation vs Market: Ken's total compensation ($USD5.73M) is above average for companies of similar size in the US market ($USD3.64M).
Compensation vs Earnings: Ken's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 20.17yrs | US$5.73m | 0.41% $ 7.3m | |
| Senior VP & CFO | 4.75yrs | US$1.99m | 0.0088% $ 156.8k | |
| Executive VP & COO | 9.17yrs | US$2.38m | 0.012% $ 206.3k | |
| Chief Administrative Officer & Senior VP | 13.92yrs | US$1.14m | 0.00014% $ 2.5k | |
| Chief Compliance Officer | 5.17yrs | US$1.12m | no data | |
| Chief Accounting Officer & Senior VP | no data | no data | no data | |
| Senior VP of Capital Markets & Investments | no data | no data | no data | |
| Vice President of Human Resources | 2.17yrs | no data | no data | |
| Senior Vice President of Accounting & Financial Principal | no data | US$1.06m | no data | |
| Senior VP & Director of Construction | 22.17yrs | US$477.86k | no data | |
| Senior Vice President of Property Management | no data | no data | no data | |
| Senior VP of Leasing Operations | no data | no data | no data |
9.2yrs
Average Tenure
59yo
Average Age
Experienced Management: AKR's management team is seasoned and experienced (9.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 20.17yrs | US$5.73m | 0.41% $ 7.3m | |
| Independent Trustee | 17.33yrs | US$203.66k | 0.074% $ 1.3m | |
| Independent Trustee | 17.33yrs | US$236.02k | 0.046% $ 822.2k | |
| Independent Lead Trustee | 17.17yrs | US$289.69k | 0.062% $ 1.1m | |
| Independent Trustee | 5yrs | US$192.76k | 0.036% $ 645.7k | |
| Independent Trustee | 16.83yrs | US$195.92k | 0.044% $ 784.2k | |
| Independent Trustee | 5.58yrs | US$209.22k | 0.0037% $ 65.9k | |
| Independent Trustee | 13.58yrs | US$195.92k | 0.068% $ 1.2m | |
| Independent Trustee | no data | no data | no data |
17.0yrs
Average Tenure
69yo
Average Age
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 been diluted in the past year, with total shares outstanding growing by 6.8%.
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$1.780b
- Market Cap: US$1.684b
- Shares outstanding: 91.18m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AKR | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Aug 1998 |
| WX1 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Aug 1998 |
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 | 2021/03/05 23:42 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| 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.