ACADIA REALTY TRUST (AKR) Stock Fundamental Analysis
NYSE:AKR - New York Stock Exchange, Inc. - US0042391096 - REIT - Currency: USD
Overall AKR gets a fundamental rating of 4 out of 10. We evaluated AKR against 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. AKR is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year AKR was profitable.
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
AKR has a Return On Assets (0.47%) which is in line with its industry peers.
AKR has a Return On Equity (0.99%) which is comparable to the rest of the industry.
AKR has a worse Return On Invested Capital (1.28%) than 83.08% 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 3 year average ROIC (1.04%) for AKR is below the current ROIC(1.28%), indicating increased profibility in the last year.
| 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
AKR has a Profit Margin (5.69%) which is comparable to the rest of the 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 42.31% of its industry peers.
AKR's Operating Margin has improved in the last couple of years.
AKR has a Gross Margin (69.15%) which is in line with its industry peers.
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.
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 an improved debt to assets ratio.
2.2 Solvency
AKR has an Altman-Z score of 0.70. 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 of 0.70. This is in the better half of the industry: AKR outperforms 63.85% 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.
With a decent Debt to Equity ratio value of 0.76, AKR is doing good in the industry, outperforming 72.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.7 |
ROIC/WACC0.17
WACC7.69%
2.3 Liquidity
A Current Ratio of 1.69 indicates that AKR should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.69, AKR is doing good in the industry, outperforming 70.77% of the companies in the same industry.
A Quick Ratio of 0.84 indicates that AKR may have some problems paying its short term obligations.
AKR has a Quick ratio (0.84) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.69 | ||
| Quick Ratio | 0.84 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 28880683690401517568.00% over the past year.
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 small growth in Revenue. The Revenue has grown by 6.20% in the last year.
AKR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.43% yearly.
EPS 1Y (TTM)28880683690401518000%
EPS 3Y-9.77%
EPS 5Y-21.23%
EPS Q2Q%1033.33%
Revenue 1Y (TTM)6.2%
Revenue growth 3Y7.14%
Revenue growth 5Y4.43%
Sales Q2Q%21.33%
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 Y96.71%
EPS Next 2Y49.38%
EPS Next 3Y26.74%
EPS Next 5Y20.98%
Revenue Next Year8.02%
Revenue Next 2Y14.57%
Revenue Next 3Y14.15%
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
Based on the Price/Earnings ratio of 39.56, the valuation of AKR can be described as expensive.
The rest of the industry has a similar Price/Earnings ratio as AKR.
AKR's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 28.22.
The Price/Forward Earnings ratio is 46.41, which means the current valuation is very expensive for AKR.
Based on the Price/Forward Earnings ratio, AKR is valued a bit cheaper than 63.08% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.86, AKR is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.56 | ||
| Fwd PE | 46.41 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AKR is valued more expensive than 82.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.89 |
4.3 Compensation for Growth
AKR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
AKR's earnings are expected to grow with 26.74% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.41
PEG (5Y)N/A
EPS Next 2Y49.38%
EPS Next 3Y26.74%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.08%, AKR is a good candidate for dividend investing.
AKR's Dividend Yield is slightly below the industry average, which is at 16.33.
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 | 4.08% |
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
373.04% of the earnings are spent on dividend by AKR. This is not a sustainable payout ratio.
DP373.04%
EPS Next 2Y49.38%
EPS Next 3Y26.74%
19.78
+0.18 (+0.92%)
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 Change0.02%
Ins Owners0.51%
Ins Owner Change0%
Market Cap2.59B
Analysts80
Price Target25.5 (28.92%)
Short Float %4.28%
Short Ratio4.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.08% |
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)-7.98%
PT rev (3m)-9.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.94%
EPS NY rev (1m)-2.11%
EPS NY rev (3m)-4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.84%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)0.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.56 | ||
| Fwd PE | 46.41 | ||
| P/S | 7.2 | ||
| P/FCF | N/A | ||
| P/OCF | 18.44 | ||
| P/B | 1.25 | ||
| P/tB | 1.31 | ||
| EV/EBITDA | 19.89 |
EPS(TTM)0.5
EY2.53%
EPS(NY)0.43
Fwd EY2.15%
FCF(TTM)-0.77
FCFYN/A
OCF(TTM)1.07
OCFY5.42%
SpS2.75
BVpS15.77
TBVpS15.11
PEG (NY)0.41
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 | 0.7 |
F-Score8
WACC7.69%
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)28880683690401518000%
EPS 3Y-9.77%
EPS 5Y-21.23%
EPS Q2Q%1033.33%
EPS Next Y96.71%
EPS Next 2Y49.38%
EPS Next 3Y26.74%
EPS Next 5Y20.98%
Revenue 1Y (TTM)6.2%
Revenue growth 3Y7.14%
Revenue growth 5Y4.43%
Sales Q2Q%21.33%
Revenue Next Year8.02%
Revenue Next 2Y14.57%
Revenue Next 3Y14.15%
Revenue Next 5Y12.7%
EBIT growth 1Y29.19%
EBIT growth 3Y31.32%
EBIT growth 5Y8.91%
EBIT Next Year240.24%
EBIT Next 3Y61.17%
EBIT Next 5Y47.9%
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%