ACADIA REALTY TRUST (AKR)
US0042391096 - REIT
Overall AKR gets a fundamental rating of 3 out of 10. We evaluated AKR against 129 industry peers in the Diversified REITs industry. AKR has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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
The Return On Assets of AKR (0.25%) is comparable to the rest of the industry.
With a Return On Equity value of 0.55%, AKR perfoms like the industry average, outperforming 44.09% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 1.15%, AKR is doing worse than 85.83% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for AKR is below the industry average of 3.10%.
The last Return On Invested Capital (1.15%) for AKR is above the 3 year average (0.81%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.25% | ||
| ROE | 0.55% | ||
| ROIC | 1.15% |
ROA(3y)0.04%
ROA(5y)0.23%
ROE(3y)0.17%
ROE(5y)0.67%
ROIC(3y)0.81%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of AKR (3.03%) is comparable to the rest of the industry.
AKR's Profit Margin has declined in the last couple of years.
AKR has a Operating Margin of 17.15%. This is in the lower half of the industry: AKR underperforms 62.99% 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 68.49%, AKR is in line with its industry, outperforming 51.97% 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 | 17.15% | ||
| PM (TTM) | 3.03% | ||
| GM | 68.49% |
OM growth 3YN/A
OM growth 5Y7.95%
PM growth 3YN/A
PM growth 5Y-14.22%
GM growth 3Y3.53%
GM growth 5Y-0.32%
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.
The number of shares outstanding for AKR has been increased compared to 5 years ago.
Compared to 1 year ago, AKR has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.77, we must say that AKR is in the distress zone and has some risk of bankruptcy.
AKR's Altman-Z score of 0.77 is fine compared to the rest of the industry. AKR outperforms 60.63% of its industry peers.
AKR has a Debt/Equity ratio of 0.84. This is a neutral value indicating AKR is somewhat dependend on debt financing.
The Debt to Equity ratio of AKR (0.84) is better than 69.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.77 |
ROIC/WACC0.15
WACC7.63%
2.3 Liquidity
A Current Ratio of 1.99 indicates that AKR should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.99, AKR is doing good in the industry, outperforming 75.59% of the companies in the same industry.
A Quick Ratio of 1.17 indicates that AKR should not have too much problems paying its short term obligations.
AKR has a Quick ratio (1.17) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
AKR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -46.47%.
The earnings per share for AKR have been decreasing by -21.96% on average. This is quite bad
The Revenue has been growing slightly by 5.43% in the past year.
The Revenue has been growing slightly by 5.45% on average over the past years.
EPS 1Y (TTM)-46.47%
EPS 3Y40.1%
EPS 5Y-21.96%
EPS Q2Q%450%
Revenue 1Y (TTM)5.43%
Revenue growth 3Y10.52%
Revenue growth 5Y5.45%
Sales Q2Q%7.81%
3.2 Future
Based on estimates for the next years, AKR will show a very strong growth in Earnings Per Share. The EPS will grow by 25.57% on average per year.
Based on estimates for the next years, AKR will show a quite strong growth in Revenue. The Revenue will grow by 11.90% on average per year.
EPS Next Y90.52%
EPS Next 2Y88.63%
EPS Next 3Y59.57%
EPS Next 5Y25.57%
Revenue Next Year12.08%
Revenue Next 2Y8.76%
Revenue Next 3Y10.67%
Revenue Next 5Y11.9%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
With a Price/Earnings ratio of 263.89, AKR can be considered very expensive at the moment.
Based on the Price/Earnings ratio, AKR is valued a bit more expensive than 64.57% of the companies in the same industry.
AKR is valuated expensively when we compare the Price/Earnings ratio to 27.35, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 60.68 indicates a quite expensive valuation of AKR.
AKR's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.86. AKR is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 263.89 | ||
| Fwd PE | 60.68 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AKR indicates a rather expensive valuation: AKR more expensive than 89.76% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 22.28 |
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 59.57% in the coming years.
PEG (NY)2.92
PEG (5Y)N/A
EPS Next 2Y88.63%
EPS Next 3Y59.57%
5. Dividend
5.1 Amount
AKR has a Yearly Dividend Yield of 3.15%. Purely for dividend investing, there may be better candidates out there.
AKR's Dividend Yield is slightly below the industry average, which is at 15.86.
Compared to an average S&P500 Dividend Yield of 2.30, AKR pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
5.2 History
The dividend of AKR decreases each year by -7.71%.
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)-7.71%
Div Incr Years1
Div Non Decr Years4
5.3 Sustainability
673.94% of the earnings are spent on dividend by AKR. This is not a sustainable payout ratio.
DP673.94%
EPS Next 2Y88.63%
EPS Next 3Y59.57%
ACADIA REALTY TRUST
NYSE:AKR (12/30/2024, 11:49:51 AM)
23.75
-0.24 (-1%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners110.95%
Inst Owner Change5.46%
Ins Owners0.58%
Ins Owner Change0%
Market Cap2.84B
Analysts78.18
Price Target28.05 (18.11%)
Short Float %6.94%
Short Ratio6.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
Dividend Growth(5Y)-7.71%
DP673.94%
Div Incr Years1
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-44.5%
Min EPS beat(2)-80.2%
Max EPS beat(2)-8.81%
EPS beat(4)0
Avg EPS beat(4)-88.16%
Min EPS beat(4)-213.15%
Max EPS beat(4)-8.81%
EPS beat(8)3
Avg EPS beat(8)1.27%
EPS beat(12)5
Avg EPS beat(12)-593.18%
EPS beat(16)8
Avg EPS beat(16)-305.78%
Revenue beat(2)2
Avg Revenue beat(2)16.39%
Min Revenue beat(2)15.24%
Max Revenue beat(2)17.53%
Revenue beat(4)4
Avg Revenue beat(4)13.08%
Min Revenue beat(4)8.56%
Max Revenue beat(4)17.53%
Revenue beat(8)8
Avg Revenue beat(8)13.75%
Revenue beat(12)12
Avg Revenue beat(12)16.84%
Revenue beat(16)16
Avg Revenue beat(16)20.51%
PT rev (1m)9.13%
PT rev (3m)18.53%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12%
EPS NY rev (1m)-7.37%
EPS NY rev (3m)5.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.2%
Revenue NY rev (1m)12.55%
Revenue NY rev (3m)12.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 263.89 | ||
| Fwd PE | 60.68 | ||
| P/S | 8.08 | ||
| P/FCF | N/A | ||
| P/OCF | 19.85 | ||
| P/B | 1.47 | ||
| P/tB | 1.54 | ||
| EV/EBITDA | 22.28 |
EPS(TTM)0.09
EY0.38%
EPS(NY)0.39
Fwd EY1.65%
FCF(TTM)-0.53
FCFYN/A
OCF(TTM)1.2
OCFY5.04%
SpS2.94
BVpS16.1
TBVpS15.4
PEG (NY)2.92
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.25% | ||
| ROE | 0.55% | ||
| ROCE | 1.46% | ||
| ROIC | 1.15% | ||
| ROICexc | 1.16% | ||
| ROICexgc | 1.19% | ||
| OM | 17.15% | ||
| PM (TTM) | 3.03% | ||
| GM | 68.49% | ||
| FCFM | N/A |
ROA(3y)0.04%
ROA(5y)0.23%
ROE(3y)0.17%
ROE(5y)0.67%
ROIC(3y)0.81%
ROIC(5y)N/A
ROICexc(3y)0.81%
ROICexc(5y)N/A
ROICexgc(3y)0.84%
ROICexgc(5y)N/A
ROCE(3y)1.02%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y12%
ROICexc growth 3YN/A
ROICexc growth 5Y12.05%
OM growth 3YN/A
OM growth 5Y7.95%
PM growth 3YN/A
PM growth 5Y-14.22%
GM growth 3Y3.53%
GM growth 5Y-0.32%
F-Score6
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.1 | ||
| Cap/Depr | 149.34% | ||
| Cap/Sales | 58.87% | ||
| Interest Coverage | 0.48 | ||
| Cash Conversion | 71.91% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | 0.77 |
F-Score6
WACC7.63%
ROIC/WACC0.15
Cap/Depr(3y)174.8%
Cap/Depr(5y)185.84%
Cap/Sales(3y)72.38%
Cap/Sales(5y)78.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-46.47%
EPS 3Y40.1%
EPS 5Y-21.96%
EPS Q2Q%450%
EPS Next Y90.52%
EPS Next 2Y88.63%
EPS Next 3Y59.57%
EPS Next 5Y25.57%
Revenue 1Y (TTM)5.43%
Revenue growth 3Y10.52%
Revenue growth 5Y5.45%
Sales Q2Q%7.81%
Revenue Next Year12.08%
Revenue Next 2Y8.76%
Revenue Next 3Y10.67%
Revenue Next 5Y11.9%
EBIT growth 1Y17.43%
EBIT growth 3YN/A
EBIT growth 5Y13.84%
EBIT Next Year800.47%
EBIT Next 3Y111.75%
EBIT Next 5YN/A
FCF growth 1Y75.24%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y6.74%
OCF growth 3Y14.45%
OCF growth 5Y10.14%