Acadia Realty Trust | REIT Profile

Symbol: AKR
CIK: 899629
Exchange: NYSE
Founded: 1964 (57 years)
HQ: White Plains, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail

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See AKR on SEC.gov

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Overall Score: 5.2

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day September 22, 2021


Open Price: $20.28
Closing Price: $20.36
Price Change: 0.28 (1.394%)
Lowest Price: $20.11
Highest Price: $20.55

52-Week Low: $8.97
52-Week High: $22.81
52-Week Change: 86.45%

5 Day Price Change: -2.76%
1 Month Price Change: -2.52%
3 Month Price Change: -7.09%
6 Month Price Change: 4.30%
YTD Price Change: 43.62%
1 Year Price Change: 80.03%
2 Year Price Change: -25.92%
5 Year Price Change: -34.12%

Dividend of Trading Day September 22, 2021


Dividend Yield: 2.947%*
Annualized Dividend: $0.6*
Dividend Yield (TTM): 1.489%
Annualized Dividend (TTM): $0.299
Ex-Dividend Date: 2021-06-29
Next Ex-Dividend: 2021-09-29
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. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day September 22, 2021


Total Cash: N/A
Current Debt: $1,864,943,000
Revenue: $264,345,000
Gross Profit: $264,345,000
Total Revenue: $264,345,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $26,895,000
Revenue Per Share: $3
Revenue Per Employee: N/A
Employee: 120
Debt to Equity Ratio (D/E): 2.73
Profit Margin: -0.04%
Enterprise Value (EV): $1,842,367,989
Enterprise Value to Revenue (EV/R): 6.97
Price to Sales (P/S): 6.95
Price to Book (P/B): 1.22
Peg Ratio: 1.29
P/E Ratio: -156.86
P/E High: 49.59
P/E Low: 36.03
Forward P/E Ratio: 25.16
Market Capitalization: $1,800,515,405
Beta: 1.35
Latest Volume: 277,234.00
Avg. Total Volume: 496,103
Avg. 10 Volume: 494,721.00
Avg. 30 Volume: 496,103.00
TTM EPS: -0.13
TTM Dividend Rate: 0.30
Shares Outstanding: 88,433,959
Float: N/A
50-Day Moving Avg.: 20.94
200-Day Moving Avg.: 20.92

Latest REIT Community Comments on #AKR


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Properties Owned by AKR


Properties Based on REIT's Official Presentation

Properties Types States Countries
177 1 20 1

Please visit REIT’s official webpage for the most up-to-date property list.

AKR Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $26.86 per share you would have been able to buy 37 shares of AKR on 2020-09-22 costing $993.82 @ $26.86 per share you would have been able to buy 18 shares of AKR on 2020-09-22 costing $483.48 @ $26.86 per share you would have been able to buy 9 shares of AKR on 2020-09-22 costing $241.74 @ $26.86 per share you would have been able to buy 3 shares of AKR on 2020-09-22 costing $80.58 @ $26.86 per share you would have been able to buy 1 shares of AKR on 2020-09-22 costing $26.86
Current worth On 2021-09-22 these 37 shares would be worth $753.32 @ $20.36 On 2021-09-22 these 18 shares would be worth $366.48 @ $20.36 On 2021-09-22 these 9 shares would be worth $183.24 @ $20.36 On 2021-09-22 these 3 shares would be worth $61.08 @ $20.36 On 2021-09-22 these 1 shares would be worth $20.36 @ $20.36
Dividends earned $11.10 in dividends would have been earned since 2020-09-22 with 37 shares. $5 in dividends would have been earned since 2020-09-22 with 18 shares. $2.70 in dividends would have been earned since 2020-09-22 with 9 shares. $0.90 in dividends would have been earned since 2020-09-22 with 3 shares. $0.30 in dividends would have been earned since 2020-09-22 with 18 shares.
Net (gain / loss)* -229.40 USD -111.60 USD -55.80 USD -18.60 USD -6.20 USD
ROI** -23.08% -23.08% -23.08% -23.08% -23.08%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by AKR. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
AKR 2021-06-29 0.150 --- 2021-05-05 2021-06-30 2021-07-15
AKR 2021-03-30 0.150 -48.28% 2021-02-10 2021-03-31 2021-04-15
AKR 2020-03-30 0.290 --- 2020-02-27 2020-03-31 2020-04-15
AKR 2019-12-30 0.290 3.57% 2019-11-05 2019-12-31 2020-01-15
AKR 2019-09-27 0.280 --- 2019-08-13 2019-09-30 2019-10-15
AKR 2019-06-27 0.280 --- 2019-05-09 2019-06-28 2019-07-15
AKR 2019-03-28 0.280 --- 2019-02-28 2019-03-29 2019-04-15
AKR 2018-12-28 0.280 3.70% 2018-11-15 2018-12-31 2019-01-15
AKR 2018-09-27 0.270 --- 2018-08-07 2018-09-28 2018-10-15
AKR 2018-06-28 0.270 --- 2018-05-11 2018-06-29 2018-07-13
AKR 2018-03-29 0.270 --- 2018-02-27 2018-03-30 2018-04-13
AKR 2017-12-28 0.270 3.85% 2017-11-08 2017-12-29 2018-01-12
AKR 2017-09-28 0.260 --- 2017-08-09 2017-09-29 2017-10-13
AKR 2017-06-28 0.260 --- 2017-05-11 2017-06-30 2017-07-14
AKR 2017-03-29 0.260 --- 2017-03-01 2017-03-31 2017-04-14
AKR 2016-12-28 0.260 4.00% 2016-11-10 2016-12-30 2017-01-13
AKR 2016-09-28 0.250 --- 2016-08-10 2016-09-30 2016-10-14
AKR 2016-06-28 0.250 --- 2016-05-09 2016-06-30 2016-07-15
AKR 2016-03-29 0.250 --- 2016-03-18 2016-03-31 2016-04-15
AKR 2015-12-29 0.250 4.17% 2015-11-11 2015-12-31 2016-01-15

Financial Statements Overview


Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Current Cash 0 0 0 0
Receivables 68,294,000 69,882,000 66,226,000 70,725,000
Inventory 0 0 0 0
Current Assets 238,435,000 211,250,000 220,796,000 239,870,000
Current Assets (Other) 15,507,000 15,865,000 17,468,000 18,239,000
Short Term Investments 15,507,000 24,534,000 17,468,000 18,239,000
Long-term Investments 3,851,177,000 3,942,432,000 3,966,086,000 4,011,538,000
Property, Plant & Equipment Net 3,418,792,000 3,472,369,000 3,507,488,000 3,615,729,000
Goodwill 0 0 0 0
Intangible Assets 83,722,000 91,371,000 100,732,000 109,488,000
Other Assets 33,108,000 31,834,000 31,791,000 31,320,000
Net Tangible Assets 1,414,969,000 1,375,476,000 1,340,582,000 1,343,742,000
Total Assets 4,089,612,000 4,153,682,000 4,186,882,000 4,251,408,000
Accounts Payable 0 0 0 0
Liabilities (Other) 60,979,000 56,083,000 231,782,000 103,204,000
Current Liabilities (Other) 200,833,000 203,883,000 47,605,000 210,885,000
Total Current Liabilities 1,864,943,000 1,918,938,000 1,811,444,000 2,000,473,000
Current Long-term Debt 1,664,110,000 1,715,055,000 1,763,839,000 1,789,588,000
Long-term Debt 6,479,000 6,382,000 6,287,000 6,194,000
Total Liabilities 2,590,921,000 2,686,835,000 2,745,568,000 2,798,178,000
Minority Interest 617,659,000 617,522,000 607,239,000 598,870,000
Common Stock 86,824,445 86,323,267 86,307,686 86,308,500
Retained Earnings -184,174,000 -174,829,000 -167,046,000 -156,321,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,498,691,000 1,466,847,000 1,441,314,000 1,453,230,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Total Revenue 74,660,000 69,394,000 69,010,000 51,281,000
Cost of Revenue 0 0 0 0
Gross Profit 74,660,000 69,394,000 69,010,000 51,281,000
Research and Development 0 0 0 0
Selling General and Admin 10,671,000 8,996,000 9,640,000 8,625,000
Operating Expense 85,015,000 80,203,000 187,049,000 83,706,000
Operating Income -10,355,000 -10,809,000 -118,039,000 -32,425,000
Income Expense Net (Other) 10,674,000 12,819,000 36,062,000 -5,790,000
EBIT 1,425,000 2,010,000 -83,683,000 -38,215,000
Interest Income 0 0 0 0
Pretax Income 1,425,000 2,010,000 -31,604,000 -38,215,000
Income Tax 194,000 150,000 1,012,000 74,000
Minority Interest -2,687,000 -3,302,000 -21,891,000 -29,259,000
Net Income 3,762,000 5,006,000 -10,958,000 -9,030,000
Net Income Basic 3,762,000 5,006,000 -10,958,000 -9,030,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Net Income 3,762,000 5,006,000 -10,958,000 -9,030,000
Depreciation 31,345,000 31,390,000 149,793,000 101,627,000
Changes in Receivables 68,294,000 69,882,000 66,226,000 -21,056,000
Changes in Inventories 0 0 0 0
Cash Change 34,645,000 15,424,000 19,232,000 -18,165,000
Cash Flow 20,099,000 30,934,000 21,484,000 81,081,000
Capital Expenditures -11,195,000 -7,284,000 -40,483,000 -49,157,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -19,455,000 -11,492,000 -3,340,000 -92,868,000
Dividends Paid 0 0 0 0
Net Borrowings 1,537,802,000 1,595,493,000 1,651,208,000 1,642,745,000
Cash Flow Financing 20,962,000 45,203,000 -14,001,000 11,558,000
Financing Cash Flows (Other) 0 0 0 0
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
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.9
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
Rating AFFO & Efficiency Section Avg. Rating
7 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.8
6 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.7
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.2
Rating Leverage Section Avg. Rating
5 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 4.8
5 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.7
Rating Asset & Revenue Section Avg. Rating
1 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.3
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.0
Rating Properties Section Avg. Rating
7 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
4 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.3
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
7 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
Rating Market Cap Section Avg. Rating
6 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.6
5.2 Overall REITRating™ Score (See trend) 6.2

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.

REITProperty


Below are some of the properties owned by this AKR. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
E Broughton St Retail 102 E Broughton St Savannah GA
3rd Ave Retail 1035 3rd Ave New York NY
Wisconsin Ave NW Retail 1057 Wisconsin Ave NW Washington DC

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Last updated: 2021-09-22 - v1.8