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. 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.
Each year in the past 5 years AKR had a positive operating cash flow.
1.2 Ratios
The Return On Assets of AKR (0.44%) is comparable to the rest of the industry.
AKR's Return On Equity of 1.15% is in line compared to the rest of the industry. AKR outperforms 47.97% of its industry peers.
AKR has a Return On Invested Capital of 1.00%. This is amonst the worse of the industry: AKR underperforms 83.74% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AKR is below the industry average of 2.95%.
The last Return On Invested Capital (1.00%) for AKR is above the 3 year average (0.81%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.44% | ||
| ROE | 1.15% | ||
| ROIC | 1% |
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's Profit Margin of 5.58% is in line compared to the rest of the industry. AKR outperforms 53.66% of its industry peers.
In the last couple of years the Profit Margin of AKR has declined.
AKR's Operating Margin of 15.58% is on the low side compared to the rest of the industry. AKR is outperformed by 65.04% of its industry peers.
In the last couple of years the Operating Margin of AKR has grown nicely.
The Gross Margin of AKR (68.34%) is comparable to the rest of the 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 | 15.58% | ||
| PM (TTM) | 5.58% | ||
| GM | 68.34% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AKR is destroying value.
Compared to 1 year ago, AKR has more shares outstanding
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
Based on the Altman-Z score of 0.43, we must say that AKR is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.43, AKR is doing worse than 60.16% of the companies in the same industry.
AKR has a Debt/Equity ratio of 1.16. This is a high value indicating a heavy dependency on external financing.
AKR's Debt to Equity ratio of 1.16 is in line compared to the rest of the industry. AKR outperforms 50.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.16 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.43 |
ROIC/WACC0.13
WACC8%
2.3 Liquidity
AKR has a Current Ratio of 1.51. 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 Current ratio of 1.51. This is in the better half of the industry: AKR outperforms 60.98% of its industry peers.
AKR has a Quick Ratio of 1.51. This is a bad value and indicates that AKR is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of AKR (0.82) is worse than 65.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.51 | ||
| Quick Ratio | 0.82 |
3. Growth
3.1 Past
AKR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 128.21%, 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 -21.96% on average per year.
The Revenue has been growing slightly by 3.80% 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)128.21%
EPS 3Y40.1%
EPS 5Y-21.96%
EPS growth Q2Q-150%
Revenue 1Y (TTM)3.8%
Revenue growth 3Y10.52%
Revenue growth 5Y5.45%
Revenue growth Q2Q6.12%
3.2 Future
The Earnings Per Share is expected to decrease by -30.85% on average over the next years. This is quite bad
AKR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.41% yearly.
EPS Next Y226.87%
EPS Next 2Y89.23%
EPS Next 3Y44.7%
EPS Next 5Y-30.85%
Revenue Next Year17.6%
Revenue Next 2Y10.91%
Revenue Next 3Y-11.89%
Revenue Next 5Y7.41%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 157.50 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 61.79% of the companies in the same industry.
AKR is valuated expensively when we compare the Price/Earnings ratio to 25.25, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 48.18, 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 21.67. AKR is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 157.5 | ||
| Fwd PE | 48.18 |
4.2 Price Multiples
84.55% 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 | 19.52 |
4.3 Compensation for Growth
The 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 44.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.69
PEG (5Y)N/A
EPS Next 2Y89.23%
EPS Next 3Y44.7%
5. Dividend
5.1 Amount
AKR has a Yearly Dividend Yield of 4.30%, which is a nice return.
Compared to an average industry Dividend Yield of 6.13, AKR is paying slightly less dividend.
AKR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.3% |
5.2 History
The dividend of AKR decreases each year by -7.71%.
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)-7.71%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
362.81% of the earnings are spent on dividend by AKR. 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.
DP362.81%
EPS Next 2Y89.23%
EPS Next 3Y44.7%
ACADIA REALTY TRUST
NYSE:AKR (4/25/2024, 9:51:00 AM)
17.325
-0.14 (-0.77%)
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 Cap1.78B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.3% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 157.5 | ||
| Fwd PE | 48.18 | ||
| 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)0.69
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.44% | ||
| ROE | 1.15% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 15.58% | ||
| PM (TTM) | 5.58% | ||
| GM | 68.34% | ||
| 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 | 1.16 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.51 | ||
| Quick Ratio | 0.82 | ||
| 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)
Growth
EPS 1Y (TTM)128.21%
EPS 3Y40.1%
EPS 5Y
EPS growth Q2Q
EPS Next Y226.87%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.8%
Revenue growth 3Y10.52%
Revenue growth 5Y
Revenue growth 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