ACADIA REALTY TRUST (AKR)
US0042391096 - REIT
Overall AKR gets a fundamental rating of 3 out of 10. We evaluated AKR against 126 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 quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year AKR has reported negative net income.
In the past year AKR had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: AKR reported negative net income in multiple years.
Each year in the past 5 years AKR had a positive operating cash flow.
1.2 Ratios
AKR has a Return On Assets of 0.02%. This is comparable to the rest of the industry: AKR outperforms 40.48% of its industry peers.
AKR has a Return On Equity (0.05%) which is in line with its industry peers.
AKR has a Return On Invested Capital of 1.02%. This is amonst the worse of the industry: AKR underperforms 86.51% of its industry peers.
AKR had an Average Return On Invested Capital over the past 3 years of 0.81%. This is below the industry average of 3.06%.
The 3 year average ROIC (0.81%) for AKR is below the current ROIC(1.02%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.02% | ||
| ROE | 0.05% | ||
| ROIC | 1.02% |
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
AKR has a Profit Margin (0.26%) which is comparable to the rest of the industry.
AKR's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 15.41%, AKR is not doing good in the industry: 65.87% of the companies in the same industry are doing better.
AKR's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 67.49%, AKR is in line with its industry, outperforming 49.21% of the companies in the same industry.
In the last couple of years the Gross Margin of AKR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.41% | ||
| PM (TTM) | 0.26% | ||
| GM | 67.49% |
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.
Compared to 5 years ago, AKR has more shares outstanding
The debt/assets ratio for AKR is higher compared to a year ago.
2.2 Solvency
AKR has an Altman-Z score of 0.59. This is a bad value and indicates that AKR is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.59, AKR is in line with its industry, outperforming 46.03% of the companies in the same industry.
A Debt/Equity ratio of 0.97 indicates that AKR is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.97, AKR is in line with its industry, outperforming 59.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.59 |
ROIC/WACC0.14
WACC7.05%
2.3 Liquidity
AKR has a Current Ratio of 1.75. This is a normal value and indicates that AKR is financially healthy and should not expect problems in meeting its short term obligations.
AKR has a better Current ratio (1.75) than 72.22% of its industry peers.
A Quick Ratio of 0.99 indicates that AKR may have some problems paying its short term obligations.
With a Quick ratio value of 0.99, AKR perfoms like the industry average, outperforming 41.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.75 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 100.24% 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 -21.96% on average per year.
The Revenue has been growing slightly by 3.97% in the past year.
Measured over the past years, AKR shows a small growth in Revenue. The Revenue has been growing by 5.45% on average per year.
EPS 1Y (TTM)100.24%
EPS 3Y40.1%
EPS 5Y-21.96%
EPS Q2Q%10%
Revenue 1Y (TTM)3.97%
Revenue growth 3Y10.52%
Revenue growth 5Y5.45%
Sales Q2Q%-2.85%
3.2 Future
AKR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.03% yearly.
AKR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.63% yearly.
EPS Next Y81.34%
EPS Next 2Y77.98%
EPS Next 3Y52.66%
EPS Next 5Y14.03%
Revenue Next Year-0.34%
Revenue Next 2Y4.16%
Revenue Next 3Y4.22%
Revenue Next 5Y5.63%
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Forward Earnings ratio is 63.68, which means the current valuation is very expensive for AKR.
AKR's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.38. AKR is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 63.68 |
4.2 Price Multiples
AKR's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. AKR is more expensive than 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 21.09 |
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.
A more expensive valuation may be justified as AKR's earnings are expected to grow with 52.66% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y77.98%
EPS Next 3Y52.66%
5. Dividend
5.1 Amount
AKR has a Yearly Dividend Yield of 3.36%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 5.67, AKR is paying slightly less dividend.
AKR's Dividend Yield is a higher than the S&P500 average which is at 2.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.36% |
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 Years0
Div Non Decr Years3
5.3 Sustainability
AKR pays out 7927.63% of its income as dividend. This is not a sustainable payout ratio.
DP7927.63%
EPS Next 2Y77.98%
EPS Next 3Y52.66%
ACADIA REALTY TRUST
NYSE:AKR (9/6/2024, 8:04:00 PM)
After market: 22.19 0 (0%)22.19
-0.42 (-1.86%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.34B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.36% |
Dividend Growth(5Y)
DP
Div Incr Years
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Surprises & Revisions
EPS beat(2)
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EPS NY rev (3m)
Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 63.68 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.02% | ||
| ROE | 0.05% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 15.41% | ||
| PM (TTM) | 0.26% | ||
| GM | 67.49% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.97 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.75 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)100.24%
EPS 3Y40.1%
EPS 5Y
EPS Q2Q%
EPS Next Y81.34%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.97%
Revenue growth 3Y10.52%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y