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 129 industry peers in the Diversified REITs industry. While AKR is still in line with the averages on profitability rating, there are concerns on its financial health. 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 (0.47%) which is comparable to the rest of the industry.
AKR's Return On Equity of 0.99% is in line compared to the rest of the industry. AKR outperforms 48.06% of its industry peers.
AKR has a worse Return On Invested Capital (1.28%) than 83.72% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AKR is below the industry average of 3.17%.
The last Return On Invested Capital (1.28%) for AKR is above the 3 year average (1.04%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.47% | ||
| ROE | 0.99% | ||
| ROIC | 1.28% |
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
Looking at the Profit Margin, with a value of 5.69%, AKR is in line with its industry, outperforming 53.49% of the companies in the same industry.
In the last couple of years the Profit Margin of AKR has declined.
AKR's Operating Margin of 18.95% is in line compared to the rest of the industry. AKR outperforms 41.86% of its industry peers.
In the last couple of years the Operating Margin of AKR has grown nicely.
AKR has a Gross Margin (69.15%) which is comparable to the rest of the industry.
AKR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.95% | ||
| PM (TTM) | 5.69% | ||
| GM | 69.15% |
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
AKR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for AKR has been increased compared to 1 year ago.
Compared to 5 years ago, AKR has more shares outstanding
Compared to 1 year ago, AKR has an improved debt to assets ratio.
2.2 Solvency
AKR has an Altman-Z score of 0.73. This is a bad value and indicates that AKR is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of AKR (0.73) is better than 63.57% of its industry peers.
AKR has a Debt/Equity ratio of 0.76. This is a neutral value indicating AKR is somewhat dependend on debt financing.
The Debt to Equity ratio of AKR (0.76) is better than 72.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.73 |
ROIC/WACC0.17
WACC7.57%
2.3 Liquidity
A Current Ratio of 1.69 indicates that AKR should not have too much problems paying its short term obligations.
AKR has a better Current ratio (1.69) than 72.87% of its industry peers.
A Quick Ratio of 0.84 indicates that AKR may have some problems paying its short term obligations.
The Quick ratio of AKR (0.84) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.69 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
AKR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 73.64%, which is quite impressive.
The earnings per share for AKR have been decreasing by -21.23% on average. This is quite bad
AKR shows a small growth in Revenue. In the last year, the Revenue has grown by 6.20%.
Measured over the past years, AKR shows a small growth in Revenue. The Revenue has been growing by 4.43% on average per year.
EPS 1Y (TTM)73.64%
EPS 3Y-9.77%
EPS 5Y-21.23%
EPS Q2Q%500%
Revenue 1Y (TTM)6.2%
Revenue growth 3Y7.14%
Revenue growth 5Y4.43%
Sales Q2Q%8.76%
3.2 Future
The Earnings Per Share is expected to grow by 14.37% on average over the next years. This is quite good.
AKR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.93% yearly.
EPS Next Y86.4%
EPS Next 2Y44.52%
EPS Next 3Y23.94%
EPS Next 5Y14.37%
Revenue Next Year8.03%
Revenue Next 2Y15.85%
Revenue Next 3Y14.56%
Revenue Next 5Y12.93%
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 118.47 indicates a quite expensive valuation of AKR.
Based on the Price/Earnings ratio, AKR is valued a bit more expensive than the industry average as 65.12% of the companies are valued more cheaply.
AKR's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 29.35.
AKR is valuated quite expensively with a Price/Forward Earnings ratio of 63.23.
AKR's Price/Forward Earnings is on the same level as the industry average.
AKR is valuated expensively when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 118.47 | ||
| Fwd PE | 63.23 |
4.2 Price Multiples
AKR's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. AKR is more expensive than 83.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 20.5 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
AKR's earnings are expected to grow with 23.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.37
PEG (5Y)N/A
EPS Next 2Y44.52%
EPS Next 3Y23.94%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.55%, AKR has a reasonable but not impressive dividend return.
AKR's Dividend Yield is slightly below the industry average, which is at 19.22.
AKR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.55% |
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 373.04% of its income as dividend. This is not a sustainable payout ratio.
DP373.04%
EPS Next 2Y44.52%
EPS Next 3Y23.94%
22.51
-0.01 (-0.04%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners115.63%
Inst Owner Change9.53%
Ins Owners0.51%
Ins Owner Change0%
Market Cap2.69B
Analysts78.18
Price Target27.71 (23.1%)
Short Float %11.62%
Short Ratio11.06
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.55% |
Yearly Dividend0.71
Dividend Growth(5Y)-8.6%
DP373.04%
Div Incr Years1
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-10.4%
Min EPS beat(2)-11.99%
Max EPS beat(2)-8.81%
EPS beat(4)0
Avg EPS beat(4)-37.87%
Min EPS beat(4)-80.2%
Max EPS beat(4)-8.81%
EPS beat(8)2
Avg EPS beat(8)-10.23%
EPS beat(12)4
Avg EPS beat(12)-610.59%
EPS beat(16)8
Avg EPS beat(16)-306.38%
Revenue beat(2)2
Avg Revenue beat(2)14.52%
Min Revenue beat(2)13.8%
Max Revenue beat(2)15.24%
Revenue beat(4)4
Avg Revenue beat(4)13.78%
Min Revenue beat(4)8.56%
Max Revenue beat(4)17.53%
Revenue beat(8)8
Avg Revenue beat(8)14.52%
Revenue beat(12)12
Avg Revenue beat(12)15.56%
Revenue beat(16)16
Avg Revenue beat(16)19.74%
PT rev (1m)0%
PT rev (3m)1.37%
EPS NQ rev (1m)-21.43%
EPS NQ rev (3m)-35.29%
EPS NY rev (1m)-8.44%
EPS NY rev (3m)-10.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.51%
Revenue NY rev (1m)0.9%
Revenue NY rev (3m)4.42%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 118.47 | ||
| Fwd PE | 63.23 | ||
| P/S | 7.49 | ||
| P/FCF | N/A | ||
| P/OCF | 19.18 | ||
| P/B | 1.3 | ||
| P/tB | 1.36 | ||
| EV/EBITDA | 20.5 |
EPS(TTM)0.19
EY0.84%
EPS(NY)0.36
Fwd EY1.58%
FCF(TTM)-0.85
FCFYN/A
OCF(TTM)1.17
OCFY5.21%
SpS3.01
BVpS17.26
TBVpS16.53
PEG (NY)1.37
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.47% | ||
| ROE | 0.99% | ||
| ROCE | 1.62% | ||
| ROIC | 1.28% | ||
| ROICexc | 1.28% | ||
| ROICexgc | 1.32% | ||
| OM | 18.95% | ||
| PM (TTM) | 5.69% | ||
| GM | 69.15% | ||
| 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-Score8
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 7.58 | ||
| Cap/Depr | 174.06% | ||
| Cap/Sales | 67.22% | ||
| Interest Coverage | 0.57 | ||
| Cash Conversion | 67.82% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.69 | ||
| Quick Ratio | 0.84 | ||
| Altman-Z | 0.73 |
F-Score8
WACC7.57%
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)73.64%
EPS 3Y-9.77%
EPS 5Y-21.23%
EPS Q2Q%500%
EPS Next Y86.4%
EPS Next 2Y44.52%
EPS Next 3Y23.94%
EPS Next 5Y14.37%
Revenue 1Y (TTM)6.2%
Revenue growth 3Y7.14%
Revenue growth 5Y4.43%
Sales Q2Q%8.76%
Revenue Next Year8.03%
Revenue Next 2Y15.85%
Revenue Next 3Y14.56%
Revenue Next 5Y12.93%
EBIT growth 1Y29.19%
EBIT growth 3Y31.32%
EBIT growth 5Y8.91%
EBIT Next Year241.94%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-151.28%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-9.83%
OCF growth 3Y10.18%
OCF growth 5Y1.34%