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.
Established dividend payer and fair value.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AKR underperformed the US REITs industry which returned 16.6% over the past year.
Return vs Market: AKR underperformed the US Market which returned 19.4% over the past year.
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
3 weeks ago | Simply Wall StAcadia Realty Trust (NYSE:AKR) Insiders Have Been Selling
1 month ago | Simply Wall StHow Should Investors React To Acadia Realty Trust's (NYSE:AKR) CEO Pay?
3 months ago | Simply Wall StIf You Had Bought Acadia Realty Trust (NYSE:AKR) Stock Three Years Ago, You'd Be Sitting On A 16% Loss, Today
Is Acadia Realty Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AKR ($25.54) is trading below our estimate of fair value ($36.25)
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 PE Ratio (41x) compared to the REITs industry average (36.6x).
PE vs Market: AKR is poor value based on its PE Ratio (41x) compared to the US market (18.3x).
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 PB Ratio (1.4x) compared to the US REITs industry average (2.1x).
How is Acadia Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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 (-19.1% per year).
Earnings vs Market: AKR's earnings are forecast to decline over the next 3 years (-19.1% per year).
High Growth Earnings: AKR's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AKR's revenue is expected to decline over the next 3 years (-9% per year).
High Growth Revenue: AKR's revenue is forecast to decline over the next 3 years (-9% 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 (2.8%).
How has Acadia Realty Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AKR has a large one-off gain of $28.6M impacting its December 31 2019 financial results.
Growing Profit Margin: AKR's current net profit margins (17.3%) are higher than last year (11.4%).
Past Earnings Growth Analysis
Earnings Trend: AKR's earnings have declined by -13.1% per year over the past 5 years.
Accelerating Growth: AKR's earnings growth over the past year (68.8%) exceeds its 5-year average (-13.1% per year).
Earnings vs Industry: AKR earnings growth over the past year (68.8%) exceeded the REITs industry 8.2%.
Return on Equity
High ROE: AKR's Return on Equity (1%) is considered low.
Return on Assets
Return on Capital Employed
How is Acadia Realty Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: AKR has a high level of physical assets or inventory.
Debt Coverage by Assets: AKR's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: AKR's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if AKR has a sufficient allowance for bad loans.
Low Risk Liabilities: AKR reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if AKR has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AKR has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if AKR has an appropriate level of bad loans.
What is Acadia Realty Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AKR's dividend (4.54%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: AKR's dividend (4.54%) is in the top 25% of dividend payers in the US market (3.7%)
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 increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72.3%), AKR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AKR's dividends in 3 years are forecast to be thoroughly covered by earnings (0.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kenneth Bernstein (58yo)
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 an Independent Dir ...
CEO Compensation Analysis
Compensation vs Market: Kenneth's total compensation ($USD5.13M) is above average for companies of similar size in the US market ($USD3.81M).
Compensation vs Earnings: Kenneth's compensation has been consistent with company performance over the past year.
|Senior VP & CFO||3.7yrs||US$1.33m||no data|
|Executive VP & COO||8.1yrs||US$1.85m||0.011% $265.2k|
|Chief Administrative Officer & Senior VP||12.8yrs||US$1.11m||0.00014% $3.2k|
|Chief Accounting Officer & Senior VP||0yrs||no data||no data|
|Senior VP of Capital Markets & Investments||0yrs||no data||no data|
|Chief Compliance Officer||5.8yrs||US$1.06m||no data|
|Vice President of Human Resources||1.1yrs||no data||no data|
|Senior Vice President of Accounting & Financial Principal||0yrs||US$1.06m||no data|
|Senior VP & Director of Construction||21.1yrs||US$477.86k||no data|
Experienced Management: AKR's management team is seasoned and experienced (8.1 years average tenure).
|Independent Trustee||16.3yrs||US$173.31k||0.059% $1.4m|
|Independent Trustee||16.3yrs||US$200.41k||0.046% $1.1m|
|Independent Lead Trustee||16.1yrs||US$261.55k||0.048% $1.1m|
|Independent Trustee||3.9yrs||US$161.39k||0.0089% $204.7k|
|Independent Trustee||15.8yrs||US$165.04k||0.039% $899.8k|
|Independent Trustee||4.5yrs||US$173.51k||0.0011% $26.5k|
|Independent Trustee||12.5yrs||US$165.04k||0.048% $1.1m|
Experienced Board: AKR's board of directors are seasoned and experienced ( 15.9 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.
Acadia Realty Trust's company bio, employee growth, exchange listings and data sources
- Name: Acadia Realty Trust
- Ticker: AKR
- Exchange: NYSE
- Founded: 1964
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$2.308b
- Market Cap: US$2.223b
- Shares outstanding: 90.38m
- Website: https://www.acadiarealty.com
Number of Employees
- Acadia Realty Trust
- 411 Theodore Fremd Avenue
- Suite 300
- New York
- United States
|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|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 23:40|
|End of Day Share Price||2020/02/18 00:00|
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.