ACADIA REALTY TRUST (AKR) Stock Fundamental Analysis
USA - NYSE:AKR - US0042391096 - REIT
19.16 USD
+0.17 (+0.9%)
19.16 USD
0 (0%)
AKR gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals 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.
In the past year AKR had a positive cash flow from operations.
In multiple years AKR reported negative net income over the last 5 years.
AKR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 0.39%, AKR perfoms like the industry average, outperforming 47.29% of the companies in the same industry.
AKR has a Return On Equity (0.85%) which is in line with its industry peers.
With a Return On Invested Capital value of 1.29%, AKR is not doing good in the industry: 79.07% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for AKR is in line with the industry average of 3.01%.
The 3 year average ROIC (1.04%) for AKR is below the current ROIC(1.29%), indicating increased profibility in the last year.
| 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's Profit Margin of 4.98% is in line compared 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.
With a Operating Margin value of 19.86%, AKR perfoms like the industry average, outperforming 48.84% of the companies in the same industry.
In the last couple of years the Operating Margin of AKR has grown nicely.
AKR's Gross Margin of 70.01% is fine compared to the rest of the industry. AKR outperforms 60.47% of its industry peers.
AKR's Gross Margin has been stable in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AKR is destroying value.
Compared to 1 year ago, AKR has more shares outstanding
The number of shares outstanding for AKR has been increased compared to 5 years ago.
The debt/assets ratio for AKR has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.60, we must say that AKR is in the distress zone and has some risk of bankruptcy.
AKR has a Altman-Z score of 0.60. This is comparable to the rest of the industry: AKR outperforms 58.14% of its industry peers.
AKR has a Debt/Equity ratio of 0.81. This is a neutral value indicating AKR is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.81, AKR is doing good in the industry, outperforming 70.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.6 |
ROIC/WACC0.18
WACC7.35%
2.3 Liquidity
A Current Ratio of 1.60 indicates that AKR should not have too much problems paying its short term obligations.
AKR has a Current ratio of 1.60. This is in the better half of the industry: AKR outperforms 67.44% of its industry peers.
A Quick Ratio of 0.75 indicates that AKR may have some problems paying its short term obligations.
The Quick ratio of AKR (0.75) is worse than 62.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.6 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 16900.00% over the past year.
Measured over the past years, AKR shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -21.23% on average per year.
Looking at the last year, AKR shows a quite strong growth in Revenue. The Revenue has grown by 11.74% in the last year.
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
The Earnings Per Share is expected to decrease by -26.71% on average over the next years. This is quite bad
The Revenue is expected to grow by 14.10% on average over the next years. This is quite good.
EPS Next Y44.89%
EPS Next 2Y45.07%
EPS Next 3Y27.29%
EPS Next 5Y-26.71%
Revenue Next Year14.55%
Revenue Next 2Y12.58%
Revenue Next 3Y12.84%
Revenue Next 5Y14.1%
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 decreasing.
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
The Price/Earnings ratio is 112.71, which means the current valuation is very expensive for AKR.
AKR's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of AKR to the average of the S&P500 Index (27.34), we can say AKR is valued expensively.
Based on the Price/Forward Earnings ratio of 47.66, the valuation of AKR can be described as expensive.
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 (22.86), we can say AKR is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 112.71 | ||
| Fwd PE | 47.66 |
4.2 Price Multiples
84.50% of the companies in the same industry are cheaper than AKR, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.12 |
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.
AKR's earnings are expected to grow with 27.29% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.51
PEG (5Y)N/A
EPS Next 2Y45.07%
EPS Next 3Y27.29%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.09%, AKR is a good candidate for dividend investing.
AKR's Dividend Yield is slightly below the industry average, which is at 7.01.
AKR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.09% |
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 465.74% of its income as dividend. This is not a sustainable payout ratio.
AKR's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP465.74%
EPS Next 2Y45.07%
EPS Next 3Y27.29%
19.16
+0.17 (+0.9%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners111.52%
Inst Owner Change-0.03%
Ins Owners0.48%
Ins Owner Change1.32%
Market Cap2.51B
Analysts83.64
Price Target23.29 (21.56%)
Short Float %9.75%
Short Ratio8.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.09% |
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)1.03%
PT rev (3m)-1.58%
EPS NQ rev (1m)-6.52%
EPS NQ rev (3m)-10.42%
EPS NY rev (1m)-3.52%
EPS NY rev (3m)-9.27%
Revenue NQ rev (1m)0.95%
Revenue NQ rev (3m)1.44%
Revenue NY rev (1m)0.52%
Revenue NY rev (3m)0.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 112.71 | ||
| Fwd PE | 47.66 | ||
| P/S | 6.5 | ||
| P/FCF | N/A | ||
| P/OCF | 14.5 | ||
| P/B | 1.11 | ||
| P/tB | 1.17 | ||
| EV/EBITDA | 19.12 |
EPS(TTM)0.17
EY0.89%
EPS(NY)0.4
Fwd EY2.1%
FCF(TTM)-3.23
FCFYN/A
OCF(TTM)1.32
OCFY6.9%
SpS2.95
BVpS17.32
TBVpS16.32
PEG (NY)2.51
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 | 0.6 |
F-Score6
WACC7.35%
ROIC/WACC0.18
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 Y44.89%
EPS Next 2Y45.07%
EPS Next 3Y27.29%
EPS Next 5Y-26.71%
Revenue 1Y (TTM)11.74%
Revenue growth 3Y7.14%
Revenue growth 5Y4.43%
Sales Q2Q%14.8%
Revenue Next Year14.55%
Revenue Next 2Y12.58%
Revenue Next 3Y12.84%
Revenue Next 5Y14.1%
EBIT growth 1Y43.99%
EBIT growth 3Y31.32%
EBIT growth 5Y8.91%
EBIT Next Year228.27%
EBIT Next 3Y58.98%
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%