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AKR

Acadia Realty Trust NYSE:AKR Stock Report

Last Price

US$19.51

Market Cap

US$1.9b

7D

3.0%

1Y

-9.6%

Updated

26 May, 2022

Data

Company Financials +
AKR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health1/6
Dividends3/6

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.

Acadia Realty Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Acadia Realty Trust
Historical stock prices
Current Share PriceUS$19.51
52 Week HighUS$23.33
52 Week LowUS$17.65
Beta1.34
1 Month Change-7.54%
3 Month Change-10.42%
1 Year Change-9.59%
3 Year Change-28.17%
5 Year Change-28.67%
Change since IPO189.04%

Recent News & Updates

Shareholder Returns

AKRUS REITsUS Market
7D3.0%3.0%1.0%
1Y-9.6%-0.9%-15.1%

Return vs Industry: AKR underperformed the US REITs industry which returned -0.9% over the past year.

Return vs Market: AKR exceeded the US Market which returned -15.1% over the past year.

Price Volatility

Is AKR's price volatile compared to industry and market?
AKR volatility
AKR Average Weekly Movement4.5%
REITs Industry Average Movement4.4%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: AKR is less volatile than 75% 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

FoundedEmployeesCEOWebsite
1964123Ken Bernsteinhttps://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

How do Acadia Realty Trust's earnings and revenue compare to its market cap?
AKR fundamental statistics
Market CapUS$1.91b
Earnings (TTM)US$34.90m
Revenue (TTM)US$312.91m

53.0x

P/E Ratio

5.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AKR income statement (TTM)
RevenueUS$312.91m
Cost of RevenueUS$99.09m
Gross ProfitUS$213.82m
Other ExpensesUS$178.92m
EarningsUS$34.90m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.37
Gross Margin68.33%
Net Profit Margin11.15%
Debt/Equity Ratio76.1%

How did AKR perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

41%

Payout Ratio

Does AKR pay a reliable dividends?

See AKR dividend history and benchmarks
When do you need to buy AKR by to receive an upcoming dividend?
Acadia Realty Trust dividend dates
Ex Dividend DateJun 29 2022
Dividend Pay DateJul 15 2022
Days until Ex dividend32 days
Days until Dividend pay date48 days

Does AKR pay a reliable dividends?

See AKR dividend history and benchmarks

Valuation

Is Acadia Realty Trust undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: AKR ($19.51) is trading below our estimate of fair value ($55.77)

Significantly Below Fair Value: AKR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AKR is poor value based on its Price-To-Earnings Ratio (53x) compared to the US REITs industry average (32.7x).

PE vs Market: AKR is poor value based on its Price-To-Earnings Ratio (53x) compared to the US market (15.2x).


Price to Earnings Growth Ratio

PEG Ratio: AKR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: AKR is good value based on its Price-To-Book Ratio (1.1x) compared to the US REITs industry average (1.7x).


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

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-8.1%

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 (-8.1% per year).

Earnings vs Market: AKR's earnings are forecast to decline over the next 3 years (-8.1% per year).

High Growth Earnings: AKR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AKR's revenue (7.8% per year) is forecast to grow slower than the US market (8% per year).

High Growth Revenue: AKR's revenue (7.8% 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 (2.3%).


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.


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


Dividend

What is Acadia Realty Trust current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.69%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 27 2022Ex Dividend DateJun 29 2022Dividend Pay DateJul 15 202216 days from Ex DividendBuy in the next 32 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: AKR's dividend (3.69%) is higher than the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: AKR's dividend (3.69%) is low compared to the top 25% of dividend payers in the US market (4.01%).


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?

7.2yrs

Average management tenure


CEO

Ken Bernstein (60 yo)

23.75yrs

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 ($USD5.65M) is about average for companies of similar size in the US market ($USD5.40M).

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 (7.2 years average tenure).


Board Members

Experienced Board: AKR's board of directors are seasoned and experienced ( 18 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$1.909b
  • Market Cap: US$1.851b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/26 00:00
End of Day Share Price2022/05/26 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.