Acadia Realty Trust

Symbol: AKR
CIK: 899629
Exchange: NYSE
Founded: 1964 (55 years)
HQ: White Plains, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail

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Overall Score: 7.4

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. Learn More


Acadia Realty Trust Company Logo

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Hightlights of Trading Day October 18, 2019


Open Price: $28.63
Closing Price: $28.72
Price Change: 0.07 (0.244%)
Lowest Price: $28.55
Highest Price: $28.93

52-Week Low: $23.11
52-Week High: $29.82
52-Week Change: 4.36%

5 Day Price Change: -0.17%
1 Month Price Change: 0.70%
3 Month Price Change: 6.11%
6 Month Price Change: 2.14%
YTD Price Change: 22.96%
1 Year Price Change: 4.11%
2 Year Price Change: -5.66%
5 Year Price Change: -0.69%

Dividend of Trading Day October 18, 2019


Dividend Yield: 3.9%*
Annualized Dividend: $1.12*
Dividend Yield (TTM): 3.865%
Annualized Dividend (TTM): $1.11
Ex Dividend Date: 2019-09-27
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Latest News Headlines


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Funds From Operations (FFO)


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Key Stats of Trading Day October 18, 2019


Total Cash: $34,848,000
Current Debt: $219,118,000
Revenue: $262,213,000
Gross Profit: $61,884,000
Total Revenue: $262,213,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $145,090,000
Revenue Per Share: $3
Revenue Per Employee: $2,341,188
Employee: 112
Debt to Equity Ratio (D/E): 1.11
Profit Margin: 0.10%
Enterprise Value (EV): $4,010,606,230
Enterprise Value to Revenue (EV/R): 15.30
Price to Sales (P/S): 9.24
Price to Book (P/B): 1.66
Peg Ratio: 3.51
P/E Ratio: 78.13
P/E High: 68.48
P/E Low: 53.07
Forward P/E Ratio: 89.69
Market Capitalization: $2,425,487,288
Beta: 0.65
Latest Volume: 1,210,615.00
Avg. Total Volume: 477,936
Avg. 10 Volume: 480,000.90
Avg. 30 Volume: 477,935.73
TTM EPS: 0.37
TTM Dividend Rate: 1.11
Shares Outstanding: 84,452,900
Float: 83,863,503.21
50-Day Moving Avg.: 28.26
200-Day Moving Avg.: 27.94

Properties Owned by AKR


Properties owned:
177
Types:
1
States:
20
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
AKR Sample Property
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Occupancy Rate


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Dividend History


Below are the most recent cash dividends paid by AKR, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

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Amounts in USD ($)

Balance Sheet 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Current Cash 46,167,000 40,292,000 34,848,000 22,033,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 321,534,000 312,877,000 269,428,000 316,832,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 117,074,000 110,634,000 115,939,000 112,249,000
Other Assets 58,491,000 53,415,000 53,605,000 51,383,000
Net Tangible Assets 1,228,726,000 1,227,884,000 1,225,315,000 1,264,851,000
Total Assets 4,209,922,000 4,038,875,000 3,958,780,000 3,918,716,000
Accounts Payable 0 0 0 0
Liabilities (Other) 279,559,000 256,351,000 255,177,000 242,200,000
Current Liabilities (Other) 25,418,000 24,910,000 24,593,000 23,711,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 165,255,000 217,523,000 219,118,000 38,938,000
Long-term Debt 1,665,002,000 1,458,649,000 1,402,538,000 1,513,774,000
Total Liabilities 2,109,816,000 1,932,523,000 1,876,833,000 1,794,912,000
Minority Interest -14,317,000 -9,261,000 -13,801,000 -11,822,000
Common Stock 84,000 83,000 82,000 82,000
Retained Earnings -115,224,000 -100,634,000 -89,696,000 -73,990,000
Treasury Stock 0 0 0 0
Capital Surplus 1,625,906,000 1,577,503,000 1,548,603,000 1,546,405,000
Shareholder Equity 1,481,196,000 1,465,931,000 1,459,505,000 1,485,764,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Total Revenue 71,062,000 74,800,000 69,445,000 66,020,000
Cost of Revenue 53,542,000 52,283,000 51,868,000 51,145,000
Gross Profit 17,520,000 22,517,000 17,577,000 14,875,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 62,576,000 60,606,000 61,852,000 59,127,000
Operating Income 8,486,000 14,194,000 7,593,000 6,893,000
Income Expense Net (Other) -13,458,000 -13,318,000 -14,181,000 -14,133,000
EBIT 8,486,000 14,194,000 7,593,000 6,893,000
Interest Income 19,759,000 17,859,000 19,096,000 18,022,000
Pretax Income -4,972,000 876,000 -6,588,000 -7,240,000
Income Tax 265,000 -46,000 83,000 464,000
Minority Interest -14,317,000 -9,261,000 -13,801,000 -11,822,000
Net Income 9,053,000 10,115,000 7,052,000 4,052,000
Net Income Basic 9,053,000 10,115,000 7,052,000 4,052,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-06-30 2019-03-31 2018-12-31 2018-09-30
Net Income 9,053,000 10,115,000 7,052,000 4,052,000
Depreciation 30,304,000 30,333,000 30,794,000 28,676,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 5,875,000 5,444,000 12,815,000 -9,053,000
Cash Flow 42,444,000 19,785,000 28,893,000 18,147,000
Capital Expenditures -38,245,000 -21,458,000 -31,721,000 -25,637,000
Investments -117,510,000 -39,364,000 -28,583,000 12,299,000
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -140,505,000 -60,822,000 -59,731,000 -13,338,000
Dividends Paid -23,158,000 -22,836,000 -22,018,000 -22,006,000
Net Borrowings 83,238,000 46,482,000 67,562,000 18,871,000
Cash Flow Financing 103,936,000 46,481,000 43,653,000 -13,862,000
Financing Cash Flows (Other) -3,425,000 -4,999,000 -1,837,000 -10,727,000
Exchange Rate Effect 0 0 0 0

About Acadia Realty Trust


Acadia Realty Trust (NYSE:AKR) is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – core and opportunity fund – platforms. Our energized team is accomplishing this goal by building a best-in-class, location-driven core real estate portfolio with meaningful concentrations of assets in the nation’s most dynamic urban and street-retail corridors, including those in New York, San Francisco, Chicago, Washington DC, and Boston. At the same time, we are amplifying this portfolio’s solid growth by making highly-profitable opportunistic and value-add investments through our series of discretionary, institutional funds. For the trailing 15-year period ended December 31, 2014, Acadia’s stock achieved a cumulative total return of 1,388%, placing our company among the industry’s top-performing shopping center REITs.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 4.4
5 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.5
7 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.7
Rating Leverage Section Avg. Rating
3 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.1
6 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.9
9 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 8.0
8 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.3
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.2
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.0
Rating Asset & Revenue Section Avg. Rating
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.9
6 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 8.2
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.3
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.1
7.4 Overall REITRating™ Score 6.6

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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