ACADIA REALTY TRUST (AKR) Stock Fundamental Analysis
NYSE:AKR - New York Stock Exchange, Inc. - US0042391096 - REIT - Currency: USD
Taking everything into account, AKR scores 4 out of 10 in our fundamental rating. AKR was compared to 130 industry peers in the Diversified REITs industry. There are concerns on the financial health of AKR while its profitability can be described as average. While showing a medium growth rate, AKR is valued expensive at the moment.
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 0.40%. This is comparable to the rest of the industry: AKR outperforms 46.15% of its industry peers.
AKR has a Return On Equity (0.82%) which is in line with its industry peers.
AKR's Return On Invested Capital of 1.29% is on the low side compared to the rest of the industry. AKR is outperformed by 83.08% of its industry peers.
AKR had an Average Return On Invested Capital over the past 3 years of 1.04%. This is below the industry average of 3.16%.
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 | 0.4% | ||
| ROE | 0.82% | ||
| 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
With a Profit Margin value of 5.03%, AKR perfoms like the industry average, outperforming 52.31% of the companies in the same industry.
AKR's Profit Margin has declined in the last couple of years.
AKR's Operating Margin of 20.05% is in line compared to the rest of the industry. AKR outperforms 46.15% of its industry peers.
AKR's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 70.29%, AKR is in the better half of the industry, outperforming 62.31% of the companies in the same industry.
AKR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.05% | ||
| PM (TTM) | 5.03% | ||
| GM | 70.29% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AKR is destroying value.
AKR has more shares outstanding than it did 1 year ago.
AKR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, AKR has an improved debt to assets ratio.
2.2 Solvency
AKR has an Altman-Z score of 0.63. This is a bad value and indicates that AKR is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.63, AKR perfoms like the industry average, outperforming 56.15% of the companies in the same industry.
AKR has a Debt/Equity ratio of 0.72. This is a neutral value indicating AKR is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.72, AKR is doing good in the industry, outperforming 75.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.63 |
ROIC/WACC0.14
WACC8.98%
2.3 Liquidity
A Current Ratio of 1.78 indicates that AKR should not have too much problems paying its short term obligations.
The Current ratio of AKR (1.78) is better than 74.62% of its industry peers.
AKR has a Quick Ratio of 1.78. This is a bad value and indicates that AKR is not financially healthy enough and could expect problems in meeting its short term obligations.
AKR has a Quick ratio (0.89) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.78 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
AKR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9857478864388542464.00%, which is quite impressive.
AKR shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -21.23% yearly.
The Revenue has been growing slightly by 7.04% in the past year.
The Revenue has been growing slightly by 4.43% on average over the past years.
EPS 1Y (TTM)9857478864388542000%
EPS 3Y-9.77%
EPS 5Y-21.23%
EPS Q2Q%-66.67%
Revenue 1Y (TTM)7.04%
Revenue growth 3Y7.14%
Revenue growth 5Y4.43%
Sales Q2Q%19.3%
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.
AKR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.70% yearly.
EPS Next Y59.7%
EPS Next 2Y45.07%
EPS Next 3Y25.07%
EPS Next 5Y20.98%
Revenue Next Year13.54%
Revenue Next 2Y12.26%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 108.88 indicates a quite expensive valuation of AKR.
AKR's Price/Earnings ratio is a bit more expensive when compared to the industry. AKR is more expensive than 60.77% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.28, AKR is valued quite expensively.
With a Price/Forward Earnings ratio of 46.05, AKR can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as AKR.
The average S&P500 Price/Forward Earnings ratio is at 21.76. AKR is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 108.88 | ||
| Fwd PE | 46.05 |
4.2 Price Multiples
AKR's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. AKR is more expensive than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 18.63 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as AKR's earnings are expected to grow with 25.07% in the coming years.
PEG (NY)1.82
PEG (5Y)N/A
EPS Next 2Y45.07%
EPS Next 3Y25.07%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.28%, AKR is a good candidate for dividend investing.
AKR's Dividend Yield is slightly below the industry average, which is at 6.64.
Compared to an average S&P500 Dividend Yield of 2.42, AKR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.28% |
5.2 History
The dividend of AKR decreases each year by -8.60%.
AKR has been paying a dividend for at least 10 years, so it has 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
AKR pays out 436.81% of its income as dividend. This is not a sustainable payout ratio.
DP436.81%
EPS Next 2Y45.07%
EPS Next 3Y25.07%
18.51
-0.11 (-0.59%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners110.2%
Inst Owner Change5.16%
Ins Owners0.48%
Ins Owner Change1.32%
Market Cap2.42B
Analysts80
Price Target23.66 (27.82%)
Short Float %4.3%
Short Ratio4.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.28% |
Yearly Dividend0.71
Dividend Growth(5Y)-8.6%
DP436.81%
Div Incr Years1
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-49.31%
Min EPS beat(2)-86.62%
Max EPS beat(2)-11.99%
EPS beat(4)0
Avg EPS beat(4)-46.9%
Min EPS beat(4)-86.62%
Max EPS beat(4)-8.81%
EPS beat(8)1
Avg EPS beat(8)-23.4%
EPS beat(12)3
Avg EPS beat(12)-653.16%
EPS beat(16)7
Avg EPS beat(16)-321.09%
Revenue beat(2)2
Avg Revenue beat(2)16.78%
Min Revenue beat(2)13.8%
Max Revenue beat(2)19.77%
Revenue beat(4)4
Avg Revenue beat(4)16.58%
Min Revenue beat(4)13.8%
Max Revenue beat(4)19.77%
Revenue beat(8)8
Avg Revenue beat(8)14.65%
Revenue beat(12)12
Avg Revenue beat(12)15.12%
Revenue beat(16)16
Avg Revenue beat(16)18.67%
PT rev (1m)-4.13%
PT rev (3m)-15.33%
EPS NQ rev (1m)14.63%
EPS NQ rev (3m)14.63%
EPS NY rev (1m)-13.22%
EPS NY rev (3m)-20.53%
Revenue NQ rev (1m)7.29%
Revenue NQ rev (3m)6.59%
Revenue NY rev (1m)4.44%
Revenue NY rev (3m)5.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 108.88 | ||
| Fwd PE | 46.05 | ||
| P/S | 6.5 | ||
| P/FCF | N/A | ||
| P/OCF | 17.27 | ||
| P/B | 1.05 | ||
| P/tB | 1.11 | ||
| EV/EBITDA | 18.63 |
EPS(TTM)0.17
EY0.92%
EPS(NY)0.4
Fwd EY2.17%
FCF(TTM)-2.29
FCFYN/A
OCF(TTM)1.07
OCFY5.79%
SpS2.85
BVpS17.55
TBVpS16.61
PEG (NY)1.82
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.4% | ||
| ROE | 0.82% | ||
| ROCE | 1.63% | ||
| ROIC | 1.29% | ||
| ROICexc | 1.3% | ||
| ROICexgc | 1.34% | ||
| OM | 20.05% | ||
| PM (TTM) | 5.03% | ||
| GM | 70.29% | ||
| 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-Score7
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 7.6 | ||
| Cap/Depr | 307.4% | ||
| Cap/Sales | 118.27% | ||
| Interest Coverage | 0.65 | ||
| Cash Conversion | 64.34% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.78 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z | 0.63 |
F-Score7
WACC8.98%
ROIC/WACC0.14
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)9857478864388542000%
EPS 3Y-9.77%
EPS 5Y-21.23%
EPS Q2Q%-66.67%
EPS Next Y59.7%
EPS Next 2Y45.07%
EPS Next 3Y25.07%
EPS Next 5Y20.98%
Revenue 1Y (TTM)7.04%
Revenue growth 3Y7.14%
Revenue growth 5Y4.43%
Sales Q2Q%19.3%
Revenue Next Year13.54%
Revenue Next 2Y12.26%
Revenue Next 3Y12.59%
Revenue Next 5Y12.7%
EBIT growth 1Y33.78%
EBIT growth 3Y31.32%
EBIT growth 5Y8.91%
EBIT Next Year249.05%
EBIT Next 3Y61.17%
EBIT Next 5Y46.07%
FCF growth 1Y-1066.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-15.5%
OCF growth 3Y10.18%
OCF growth 5Y1.34%