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 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. While showing a medium growth rate, AKR is valued expensive at the moment.
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.
The reported net income has been mixed in the past 5 years: AKR reported negative net income in multiple years.
In the past 5 years AKR always reported a positive cash flow from operatings.
1.2 Ratios
AKR has a Return On Assets of 0.40%. This is comparable to the rest of the industry: AKR outperforms 45.74% of its industry peers.
The Return On Equity of AKR (0.82%) is comparable to the rest of the industry.
AKR's Return On Invested Capital of 1.29% is on the low side compared to the rest of the industry. AKR is outperformed by 82.95% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AKR is below the industry average of 3.15%.
The last Return On Invested Capital (1.29%) for AKR is above the 3 year average (1.04%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.4% | ||
| ROE | 0.82% | ||
| 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 has a Profit Margin (5.03%) which 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 (20.05%) which is in line with its industry peers.
In the last couple of years the Operating Margin of AKR has grown nicely.
The Gross Margin of AKR (70.29%) is better than 62.02% of its industry peers.
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 | 20.05% | ||
| PM (TTM) | 5.03% | ||
| GM | 70.29% |
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.
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 0.65. This is a bad value and indicates that AKR is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of AKR (0.65) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.72 indicates that AKR is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.72, AKR is in the better half of the industry, outperforming 75.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.65 |
ROIC/WACC0.14
WACC8.94%
2.3 Liquidity
A Current Ratio of 1.78 indicates that AKR should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.78, AKR is in the better half of the industry, outperforming 75.19% of the companies in the same industry.
A Quick Ratio of 0.89 indicates that AKR may have some problems paying its short term obligations.
With a Quick ratio value of 0.89, AKR perfoms like the industry average, outperforming 49.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.78 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
AKR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 9857478864388542464.00%, which is quite impressive.
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 small growth in Revenue. The Revenue has grown by 7.04% 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)9857478864388542000%
EPS 3Y-9.77%
EPS 5Y-21.23%
EPS Q2Q%-66.67%
Revenue 1Y (TTM)7.04%
Revenue growth 3Y7.14%
Revenue growth 5Y4.43%
Sales Q2Q%19.3%
3.2 Future
The Earnings Per Share is expected to grow by 20.98% on average over the next years. This is a very strong growth
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 Y59.7%
EPS Next 2Y45.07%
EPS Next 3Y25.07%
EPS Next 5Y20.98%
Revenue Next Year13.54%
Revenue Next 2Y12.26%
Revenue Next 3Y12.59%
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
A Price/Earnings ratio of 111.88 indicates a quite expensive valuation of AKR.
AKR's Price/Earnings ratio is a bit more expensive when compared to the industry. AKR is more expensive than 62.02% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.35, AKR is valued quite expensively.
The Price/Forward Earnings ratio is 47.32, which means the current valuation is very expensive for AKR.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AKR is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 22.19. AKR is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 111.88 | ||
| Fwd PE | 47.32 |
4.2 Price Multiples
AKR's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. AKR is more expensive than 80.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 18.87 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as AKR's earnings are expected to grow with 25.07% in the coming years.
PEG (NY)1.87
PEG (5Y)N/A
EPS Next 2Y45.07%
EPS Next 3Y25.07%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.15%, AKR is a good candidate for dividend investing.
AKR's Dividend Yield is slightly below the industry average, which is at 6.68.
AKR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.15% |
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 436.81% of its income as dividend. This is not a sustainable payout ratio.
DP436.81%
EPS Next 2Y45.07%
EPS Next 3Y25.07%
19.02
-0.25 (-1.3%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners110.2%
Inst Owner Change5.16%
Ins Owners0.48%
Ins Owner Change1.32%
Market Cap2.49B
Analysts80
Price Target23.66 (24.4%)
Short Float %4.14%
Short Ratio5.12
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.15% |
Yearly Dividend0.71
Dividend Growth(5Y)-8.6%
DP436.81%
Div Incr Years1
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-49.31%
Min EPS beat(2)-86.62%
Max EPS beat(2)-11.99%
EPS beat(4)0
Avg EPS beat(4)-46.9%
Min EPS beat(4)-86.62%
Max EPS beat(4)-8.81%
EPS beat(8)1
Avg EPS beat(8)-23.4%
EPS beat(12)3
Avg EPS beat(12)-653.16%
EPS beat(16)7
Avg EPS beat(16)-321.09%
Revenue beat(2)2
Avg Revenue beat(2)16.78%
Min Revenue beat(2)13.8%
Max Revenue beat(2)19.77%
Revenue beat(4)4
Avg Revenue beat(4)16.58%
Min Revenue beat(4)13.8%
Max Revenue beat(4)19.77%
Revenue beat(8)8
Avg Revenue beat(8)14.65%
Revenue beat(12)12
Avg Revenue beat(12)15.12%
Revenue beat(16)16
Avg Revenue beat(16)18.67%
PT rev (1m)-4.13%
PT rev (3m)-14.6%
EPS NQ rev (1m)14.63%
EPS NQ rev (3m)14.63%
EPS NY rev (1m)-13.22%
EPS NY rev (3m)-14.33%
Revenue NQ rev (1m)7.29%
Revenue NQ rev (3m)6.59%
Revenue NY rev (1m)4.44%
Revenue NY rev (3m)5.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 111.88 | ||
| Fwd PE | 47.32 | ||
| P/S | 6.68 | ||
| P/FCF | N/A | ||
| P/OCF | 17.75 | ||
| P/B | 1.08 | ||
| P/tB | 1.15 | ||
| EV/EBITDA | 18.87 |
EPS(TTM)0.17
EY0.89%
EPS(NY)0.4
Fwd EY2.11%
FCF(TTM)-2.29
FCFYN/A
OCF(TTM)1.07
OCFY5.63%
SpS2.85
BVpS17.55
TBVpS16.61
PEG (NY)1.87
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.4% | ||
| ROE | 0.82% | ||
| ROCE | 1.63% | ||
| ROIC | 1.29% | ||
| ROICexc | 1.3% | ||
| ROICexgc | 1.34% | ||
| OM | 20.05% | ||
| PM (TTM) | 5.03% | ||
| GM | 70.29% | ||
| 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-Score7
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 7.6 | ||
| Cap/Depr | 307.4% | ||
| Cap/Sales | 118.27% | ||
| Interest Coverage | 0.65 | ||
| Cash Conversion | 64.34% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.78 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z | 0.65 |
F-Score7
WACC8.94%
ROIC/WACC0.14
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)9857478864388542000%
EPS 3Y-9.77%
EPS 5Y-21.23%
EPS Q2Q%-66.67%
EPS Next Y59.7%
EPS Next 2Y45.07%
EPS Next 3Y25.07%
EPS Next 5Y20.98%
Revenue 1Y (TTM)7.04%
Revenue growth 3Y7.14%
Revenue growth 5Y4.43%
Sales Q2Q%19.3%
Revenue Next Year13.54%
Revenue Next 2Y12.26%
Revenue Next 3Y12.59%
Revenue Next 5Y12.7%
EBIT growth 1Y33.78%
EBIT growth 3Y31.32%
EBIT growth 5Y8.91%
EBIT Next Year249.05%
EBIT Next 3Y61.17%
EBIT Next 5Y46.07%
FCF growth 1Y-1066.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-15.5%
OCF growth 3Y10.18%
OCF growth 5Y1.34%