Acadia Realty Trust

NYSE:AKR Stock Report

Market Cap: US$2.9b

Acadia Realty Trust Management

Management criteria checks 4/4

Acadia Realty Trust's CEO is Ken Bernstein, appointed in Aug 1998, has a tenure of 26.33 years. total yearly compensation is $6.12M, comprised of 13.9% salary and 86.1% bonuses, including company stock and options. directly owns 0.31% of the company’s shares, worth $9.01M. The average tenure of the management team and the board of directors is 9.8 years and 9 years respectively.

Key information

Ken Bernstein

Chief executive officer

US$6.1m

Total compensation

CEO salary percentage13.9%
CEO tenure26.3yrs
CEO ownership0.3%
Management average tenure9.8yrs
Board average tenure9yrs

Recent management updates

Recent updates

Acadia Realty Trust: Improving Balance Sheet At An Extreme Valuation

Dec 03

Acadia Realty Trust: Strong NOI Growth Pipeline But Little Immediate Benefit From Fed Easing

Aug 19

Acadia Realty Trust: Safe 4.2% Dividend Yield From Street Retail, But I'm Not Buying

Apr 12

Acadia Realty Trust: Navigating A Dynamic Market With A Strategic Portfolio

Nov 16

Acadia Realty Trust: 11% Discount And A Fully Covered 4.8% Yield

Aug 31

Acadia Realty Trust: Fairly Valued Following Q4 Results

Feb 22

Acadia Realty Trust Q4 results beat estimates, co sees 2023 FFO in-line with consensus

Feb 14

Acadia Realty Trust declares $0.18 dividend

Jan 17

CEO Compensation Analysis

How has Ken Bernstein's remuneration changed compared to Acadia Realty Trust's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$11m

Jun 30 2024n/an/a

US$884k

Mar 31 2024n/an/a

US$9m

Dec 31 2023US$6mUS$850k

US$19m

Sep 30 2023n/an/a

US$24m

Jun 30 2023n/an/a

-US$30m

Mar 31 2023n/an/a

-US$40m

Dec 31 2022US$6mUS$850k

-US$36m

Sep 30 2022n/an/a

-US$37m

Jun 30 2022n/an/a

US$31m

Mar 31 2022n/an/a

US$35m

Dec 31 2021US$6mUS$700k

US$23m

Sep 30 2021n/an/a

US$9m

Jun 30 2021n/an/a

-US$12m

Mar 31 2021n/an/a

US$4m

Dec 31 2020US$5mUS$700k

-US$9m

Sep 30 2020n/an/a

US$23m

Jun 30 2020n/an/a

US$42m

Mar 31 2020n/an/a

US$32m

Dec 31 2019US$6mUS$700k

US$53m

Sep 30 2019n/an/a

US$39m

Jun 30 2019n/an/a

US$37m

Mar 31 2019n/an/a

US$36m

Dec 31 2018US$5mUS$612k

US$31m

Sep 30 2018n/an/a

US$45m

Jun 30 2018n/an/a

US$49m

Mar 31 2018n/an/a

US$53m

Dec 31 2017US$5mUS$612k

US$61m

Compensation vs Market: Ken's total compensation ($USD6.12M) is about average for companies of similar size in the US market ($USD6.65M).

Compensation vs Earnings: Ken's compensation has been consistent with company performance over the past year.

CEO

Ken Bernstein (63 yo)

26.3yrs

Tenure

US$6,123,062

Compensation

Mr. Kenneth F. Bernstein, J.D. also known as Ken, serves as an Independent Director at Golub Capital BDC 4, Inc. since 2021. He serves as Independent Director at Golub Capital Direct Lending Unlevered Corp...

Leadership Team

NamePositionTenureCompensationOwnership
Kenneth Bernstein
President26.3yrsUS$6.12m0.31%
$ 9.0m
John Gottfried
Executive VP & CFO8.5yrsUS$1.98m0.0063%
$ 186.6k
Joseph Napolitano
Chief Administrative Officer & Senior VP17.7yrsUS$1.36m0.00010%
$ 2.9k
Jason Blacksberg
Executive VP10.6yrsUS$1.62mno data
Reginald Livingston
Executive VP & Chief Investment Officer1.8yrsno data0.0036%
$ 106.1k
Richard Hartmann
Chief Accounting Officer & Senior VPno datano datano data
Heather Moore
Senior VP of Leasing Operations & Chief Compliance Officer1.8yrsno datano data
Lesley Valente
Vice President of Human Resourcesno datano datano data
Michael Nelsen
Senior Vice President of Accounting & Financial Principalno dataUS$1.06mno data
Joseph Hogan
Senior VP & Director of Construction25.9yrsUS$477.86kno data
Mark O'Connor
Senior Vice President of Property Management8.9yrsno datano data
Nishant Sheth
Senior Analyst of Capital Markets & Investmentsno datano datano data

9.8yrs

Average Tenure

61yo

Average Age

Experienced Management: AKR's management team is seasoned and experienced (9.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kenneth Bernstein
President26.3yrsUS$6.12m0.31%
$ 9.0m
Lee Wielansky
Independent Lead Trustee24.9yrsUS$313.16k0.059%
$ 1.7m
Lynn Thurber
Independent Trustee8.8yrsUS$223.39k0.074%
$ 2.2m
C. Zoba
Independent Trustee9.3yrsUS$235.72k0.0041%
$ 120.2k
William Spitz
Independent Trustee17.3yrsUS$211.85k0.085%
$ 2.5m
Hope Woodhouse
Independent Director1.9yrsUS$236.19k0.00068%
$ 20.0k
Mark Denien
Independent Trustee2.2yrsUS$193.39kno data
Kenneth McIntyre
Independent Trustee3.8yrsUS$185.70k0.0010%
$ 30.6k

9.0yrs

Average Tenure

69.5yo

Average Age

Experienced Board: AKR's board of directors are considered experienced (9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/27 08:51
End of Day Share Price 2024/12/27 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Industry and Sector Metrics

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Analyst Sources

Acadia Realty Trust is covered by 20 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Paul AdornatoBMO Capital Markets Equity Research
Floris Gerbrand van DijkumBoenning & Scattergood, Inc.
Craig SchmidtBofA Global Research