ACADIA REALTY TRUST (AKR) Stock Fundamental Analysis
USA - NYSE:AKR - US0042391096 - REIT
18.99 USD
-0.58 (-2.96%)
18.99 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 quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year AKR was profitable.
AKR had a positive operating cash flow in the past year.
In multiple years AKR reported negative net income over the last 5 years.
Each year in the past 5 years AKR had a positive operating cash flow.
1.2 Ratios
AKR has a Return On Assets (0.39%) which is in line with its industry peers.
With a Return On Equity value of 0.85%, AKR perfoms like the industry average, outperforming 44.96% of the companies in the same industry.
The Return On Invested Capital of AKR (1.29%) is worse than 79.07% 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 3.01%.
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
Looking at the Profit Margin, with a value of 4.98%, AKR is in line with its industry, outperforming 50.39% of the companies in the same industry.
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.
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.
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.
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
AKR has a better debt/assets ratio than last year.
2.2 Solvency
AKR has an Altman-Z score of 0.60. This is a bad value and indicates that AKR is not financially healthy and even has some risk of bankruptcy.
AKR has a Altman-Z score (0.60) which is in line with 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.
AKR has a Debt to Equity ratio of 0.81. This is in the better half of the industry: AKR outperforms 70.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.81 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.6 |
ROIC/WACC0.18
WACC7.34%
2.3 Liquidity
A Current Ratio of 1.60 indicates that AKR should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.60, AKR is in the better half of the industry, outperforming 67.44% of the companies in the same industry.
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.
With a Quick ratio value of 0.75, AKR is not doing good in the industry: 62.02% of the companies in the same industry are doing better.
| 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
Looking at the last year, AKR shows a quite strong growth in Revenue. The Revenue has grown by 11.74% in the last year.
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)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
AKR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.10% yearly.
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.
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
A Price/Earnings ratio of 111.71 indicates a quite expensive valuation of AKR.
AKR's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of AKR to the average of the S&P500 Index (27.02), we can say AKR is valued expensively.
A Price/Forward Earnings ratio of 47.24 indicates a quite expensive valuation of AKR.
The rest of the industry has a similar Price/Forward Earnings ratio as AKR.
When comparing the Price/Forward Earnings ratio of AKR to the average of the S&P500 Index (22.57), we can say AKR is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 111.71 | ||
| Fwd PE | 47.24 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AKR is valued expensively inside the industry as 84.50% of the companies are valued cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.02 |
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)2.49
PEG (5Y)N/A
EPS Next 2Y45.07%
EPS Next 3Y27.29%
5. Dividend
5.1 Amount
AKR has a Yearly Dividend Yield of 4.09%, which is a nice return.
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 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
AKR pays out 465.74% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of AKR has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP465.74%
EPS Next 2Y45.07%
EPS Next 3Y27.29%
18.99
-0.58 (-2.96%)
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 Cap2.49B
Analysts83.64
Price Target23.29 (22.64%)
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 | 111.71 | ||
| Fwd PE | 47.24 | ||
| P/S | 6.44 | ||
| P/FCF | N/A | ||
| P/OCF | 14.37 | ||
| P/B | 1.1 | ||
| P/tB | 1.16 | ||
| EV/EBITDA | 19.02 |
EPS(TTM)0.17
EY0.9%
EPS(NY)0.4
Fwd EY2.12%
FCF(TTM)-3.23
FCFYN/A
OCF(TTM)1.32
OCFY6.96%
SpS2.95
BVpS17.32
TBVpS16.32
PEG (NY)2.49
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
WACC7.34%
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%