ACADIA REALTY TRUST (AKR) Stock Fundamental Analysis
USA - NYSE:AKR - US0042391096 - REIT
20.15 USD
+0.38 (+1.92%)
20.15 USD
0 (0%)
Overall AKR gets a fundamental rating of 4 out of 10. We evaluated AKR against 129 industry peers in the Diversified REITs industry. There are concerns on the financial health of AKR while its profitability can be described as average. AKR is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
AKR had positive earnings in the past year.
AKR had a positive operating cash flow in the past year.
In multiple years AKR reported negative net income over the last 5 years.
In the past 5 years AKR always reported a positive cash flow from operatings.
1.2 Ratios
AKR has a Return On Assets of 0.39%. This is comparable to the rest of the industry: AKR outperforms 47.29% of its industry peers.
AKR has a Return On Equity (0.85%) which is comparable to the rest of the industry.
The Return On Invested Capital of AKR (1.29%) is worse than 79.84% of its industry peers.
AKR had an Average Return On Invested Capital over the past 3 years of 1.04%. This is in line with the industry average of 3.04%.
The last Return On Invested Capital (1.29%) for AKR is above the 3 year average (1.04%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 0.85% | ||
| ROIC | 1.29% |
ROA(3y)0.02%
ROA(5y)0.08%
ROE(3y)0%
ROE(5y)0.17%
ROIC(3y)1.04%
ROIC(5y)N/A
1.3 Margins
AKR has a Profit Margin of 4.98%. This is comparable to the rest of the industry: AKR outperforms 50.39% of its industry peers.
In the last couple of years the Profit Margin of AKR has declined.
AKR has a Operating Margin (19.86%) which is in line with its industry peers.
AKR's Operating Margin has improved in the last couple of years.
The Gross Margin of AKR (70.01%) is better than 60.47% of its industry peers.
In the last couple of years the Gross Margin of AKR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.86% | ||
| PM (TTM) | 4.98% | ||
| GM | 70.01% |
OM growth 3Y22.58%
OM growth 5Y4.29%
PM growth 3Y-10.1%
PM growth 5Y-20.93%
GM growth 3Y1.35%
GM growth 5Y-0.09%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AKR is destroying value.
AKR has more shares outstanding than it did 1 year ago.
The number of shares outstanding for AKR has been increased compared to 5 years ago.
AKR has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.62, we must say that AKR is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of AKR (0.62) is comparable to the rest of the industry.
AKR has a Debt/Equity ratio of 0.81. This is a neutral value indicating AKR is somewhat dependend on debt financing.
The Debt to Equity ratio of AKR (0.81) is better than 70.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.62 |
ROIC/WACC0.17
WACC7.55%
2.3 Liquidity
A Current Ratio of 1.60 indicates that AKR should not have too much problems paying its short term obligations.
AKR's Current ratio of 1.60 is fine compared to the rest of the industry. AKR outperforms 67.44% of its industry peers.
AKR has a Quick Ratio of 1.60. This is a bad value and indicates that AKR is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of AKR (0.75) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.6 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
AKR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16900.00%, which is quite impressive.
The earnings per share for AKR have been decreasing by -21.23% on average. This is quite bad
AKR shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.74%.
The Revenue has been growing slightly by 4.43% on average over the past years.
EPS 1Y (TTM)16900%
EPS 3Y-9.77%
EPS 5Y-21.23%
EPS Q2Q%-9.09%
Revenue 1Y (TTM)11.74%
Revenue growth 3Y7.14%
Revenue growth 5Y4.43%
Sales Q2Q%14.8%
3.2 Future
AKR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.98% yearly.
Based on estimates for the next years, AKR will show a quite strong growth in Revenue. The Revenue will grow by 12.70% on average per year.
EPS Next Y50.18%
EPS Next 2Y47.96%
EPS Next 3Y25.07%
EPS Next 5Y20.98%
Revenue Next Year13.96%
Revenue Next 2Y12.27%
Revenue Next 3Y12.59%
Revenue Next 5Y12.7%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
AKR is valuated quite expensively with a Price/Earnings ratio of 118.53.
AKR's Price/Earnings is on the same level as the industry average.
AKR is valuated expensively when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 48.19, which means the current valuation is very expensive for AKR.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AKR is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of AKR to the average of the S&P500 Index (22.73), we can say AKR is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 118.53 | ||
| Fwd PE | 48.19 |
4.2 Price Multiples
AKR's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. AKR is more expensive than 84.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.48 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AKR does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as AKR's earnings are expected to grow with 25.07% in the coming years.
PEG (NY)2.36
PEG (5Y)N/A
EPS Next 2Y47.96%
EPS Next 3Y25.07%
5. Dividend
5.1 Amount
AKR has a Yearly Dividend Yield of 4.05%, which is a nice return.
Compared to an average industry Dividend Yield of 6.63, AKR is paying slightly less dividend.
AKR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
5.2 History
The dividend of AKR decreases each year by -8.60%.
AKR has paid a dividend for at least 10 years, which is a reliable track record.
AKR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-8.6%
Div Incr Years1
Div Non Decr Years4
5.3 Sustainability
465.74% of the earnings are spent on dividend by AKR. This is not a sustainable payout ratio.
DP465.74%
EPS Next 2Y47.96%
EPS Next 3Y25.07%
20.15
+0.38 (+1.92%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners110.44%
Inst Owner Change-5.17%
Ins Owners0.48%
Ins Owner Change1.32%
Market Cap2.64B
Analysts80
Price Target23.29 (15.58%)
Short Float %6.27%
Short Ratio4.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
Yearly Dividend0.71
Dividend Growth(5Y)-8.6%
DP465.74%
Div Incr Years1
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-87.93%
Min EPS beat(2)-89.24%
Max EPS beat(2)-86.62%
EPS beat(4)0
Avg EPS beat(4)-49.16%
Min EPS beat(4)-89.24%
Max EPS beat(4)-8.81%
EPS beat(8)0
Avg EPS beat(8)-71.56%
EPS beat(12)3
Avg EPS beat(12)-652.26%
EPS beat(16)6
Avg EPS beat(16)-382.43%
Revenue beat(2)2
Avg Revenue beat(2)14.03%
Min Revenue beat(2)8.29%
Max Revenue beat(2)19.77%
Revenue beat(4)4
Avg Revenue beat(4)14.27%
Min Revenue beat(4)8.29%
Max Revenue beat(4)19.77%
Revenue beat(8)8
Avg Revenue beat(8)13.29%
Revenue beat(12)12
Avg Revenue beat(12)13.8%
Revenue beat(16)16
Avg Revenue beat(16)16.81%
PT rev (1m)-2.59%
PT rev (3m)-2.59%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20%
EPS NY rev (1m)-5.96%
EPS NY rev (3m)-18.39%
Revenue NQ rev (1m)0.49%
Revenue NQ rev (3m)3.73%
Revenue NY rev (1m)0.37%
Revenue NY rev (3m)4.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 118.53 | ||
| Fwd PE | 48.19 | ||
| P/S | 6.84 | ||
| P/FCF | N/A | ||
| P/OCF | 15.25 | ||
| P/B | 1.16 | ||
| P/tB | 1.23 | ||
| EV/EBITDA | 19.48 |
EPS(TTM)0.17
EY0.84%
EPS(NY)0.42
Fwd EY2.08%
FCF(TTM)-3.23
FCFYN/A
OCF(TTM)1.32
OCFY6.56%
SpS2.95
BVpS17.32
TBVpS16.32
PEG (NY)2.36
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.39% | ||
| ROE | 0.85% | ||
| ROCE | 1.63% | ||
| ROIC | 1.29% | ||
| ROICexc | 1.3% | ||
| ROICexgc | 1.34% | ||
| OM | 19.86% | ||
| PM (TTM) | 4.98% | ||
| GM | 70.01% | ||
| FCFM | N/A |
ROA(3y)0.02%
ROA(5y)0.08%
ROE(3y)0%
ROE(5y)0.17%
ROIC(3y)1.04%
ROIC(5y)N/A
ROICexc(3y)1.04%
ROICexc(5y)N/A
ROICexgc(3y)1.08%
ROICexgc(5y)N/A
ROCE(3y)1.32%
ROCE(5y)N/A
ROICexcg growth 3Y30.54%
ROICexcg growth 5Y8.46%
ROICexc growth 3Y30.37%
ROICexc growth 5Y8.44%
OM growth 3Y22.58%
OM growth 5Y4.29%
PM growth 3Y-10.1%
PM growth 5Y-20.93%
GM growth 3Y1.35%
GM growth 5Y-0.09%
F-Score6
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.16 | ||
| Cap/Depr | 401.99% | ||
| Cap/Sales | 154.52% | ||
| Interest Coverage | 0.69 | ||
| Cash Conversion | 76.93% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.6 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z | 0.62 |
F-Score6
WACC7.55%
ROIC/WACC0.17
Cap/Depr(3y)178.12%
Cap/Depr(5y)147.55%
Cap/Sales(3y)71.71%
Cap/Sales(5y)61.48%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)16900%
EPS 3Y-9.77%
EPS 5Y-21.23%
EPS Q2Q%-9.09%
EPS Next Y50.18%
EPS Next 2Y47.96%
EPS Next 3Y25.07%
EPS Next 5Y20.98%
Revenue 1Y (TTM)11.74%
Revenue growth 3Y7.14%
Revenue growth 5Y4.43%
Sales Q2Q%14.8%
Revenue Next Year13.96%
Revenue Next 2Y12.27%
Revenue Next 3Y12.59%
Revenue Next 5Y12.7%
EBIT growth 1Y43.99%
EBIT growth 3Y31.32%
EBIT growth 5Y8.91%
EBIT Next Year247.13%
EBIT Next 3Y59.36%
EBIT Next 5Y46.57%
FCF growth 1Y-517.16%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y9.64%
OCF growth 3Y10.18%
OCF growth 5Y1.34%