Acadia Realty Trust | REIT Profile

Symbol: AKR
CIK: 899629
Exchange: NYSE
Founded: 1964 (58 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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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.


Acadia Realty Trust Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$12.89 $13.15 $12.79 $13.04 $12.91 $12.91 621,229 -$0.03 -0.19% $1,223,194,619 38.73 $22.73 $12.73 -39.91%

Last update: 2022-09-27 12:56:55 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 6.5

Hightlights of Trading Day September 27, 2022


Open Price: $13.04
Closing Price: $12.86
Price Change: -0.05 (-0.387%)
Lowest Price: $12.785
Highest Price: $13.15
52-Week Low: $12.73
52-Week High: $22.73
52-Week Change: -34.18%
5 Day Price Change: -16.44%
1 Month Price Change: -22.23%
3 Month Price Change: -19.36%
6 Month Price Change: -39.44%
YTD Price Change: -39.71%
1 Year Price Change: -34.66%
2 Year Price Change: 32.18%
5 Year Price Change: -48.09%

Dividend of Trading Day September 27, 2022


Dividend Yield: 5.599%*
Annualized Dividend: $0.72*
Dividend Yield (TTM): 5.045%
Annualized Dividend (TTM): $0.6513
Ex-Dividend Date: 2022-06-29
Next Ex-Dividend: 2022-09-29
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


See more news headlines for Acadia Realty Trust

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for AKR.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q2 AFFO $--- $--- ---%
2022 Q2 FFO $--- $--- ---%
2022 Q1 AFFO $--- $--- ---%
2022 Q1 FFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day September 27, 2022


Total Cash: N/A
Current Debt: $2,030,240,000
Revenue: $314,209,000
Gross Profit: $314,209,000
Total Revenue: $314,209,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $169,851,000
Revenue Per Share: $3
Revenue Per Employee: N/A
Employee: 120
Debt to Equity Ratio (D/E): 2.62
Profit Margin: 0.10%
Enterprise Value (EV): $1,482,052,214
Enterprise Value to Revenue (EV/R): 4.72
Price to Sales (P/S): 4.70
Price to Book (P/B): 0.87
Price/Earnings-to-Growth (PEG) Ratio: 0.14
P/E Ratio: 38.65
P/E High: 58.38
P/E Low: 45.50
Forward P/E Ratio: 57.56
Market Capitalization: $1,220,821,328
Beta: 0.92
Latest Volume: 801,156
Avg. Total Volume: 602,310
Avg. 10-Day Volume: 635,066
Avg. 30-Day Volume: 602,310
TTM EPS: 0.33
Shares Outstanding: 94,931,674
Float: N/A
50-Day Moving Avg.: $16.15
200-Day Moving Avg.: $18.06

Latest REIT Community Comments on #AKR


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Properties Owned by AKR


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 2021-09-27 costing $993.82 @ $26.86 per share you would have been able to buy 18 shares of AKR on 2021-09-27 costing $483.48 @ $26.86 per share you would have been able to buy 9 shares of AKR on 2021-09-27 costing $241.74 @ $26.86 per share you would have been able to buy 3 shares of AKR on 2021-09-27 costing $80.58 @ $26.86 per share you would have been able to buy 1 shares of AKR on 2021-09-27 costing $26.86
Current worth On 2022-09-27 these 37 shares would be worth $475.82 @ $12.86 On 2022-09-27 these 18 shares would be worth $231.48 @ $12.86 On 2022-09-27 these 9 shares would be worth $115.74 @ $12.86 On 2022-09-27 these 3 shares would be worth $38.58 @ $12.86 On 2022-09-27 these 1 shares would be worth $12.86 @ $12.86
Dividends earned $24.42 in dividends would have been earned since 2021-09-27 with 37 shares. $12 in dividends would have been earned since 2021-09-27 with 18 shares. $5.94 in dividends would have been earned since 2021-09-27 with 9 shares. $1.98 in dividends would have been earned since 2021-09-27 with 3 shares. $0.66 in dividends would have been earned since 2021-09-27 with 18 shares.
Net (gain / loss)* -493.58 USD -240.12 USD -120.06 USD -40.02 USD -13.34 USD
ROI** -49.66% -49.66% -49.66% -49.66% -49.66%

*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 2022-06-29 0.180 --- 2022-05-04 2022-06-30 2022-07-15
AKR 2022-03-30 0.180 20.00% 2022-02-15 2022-03-31 2022-04-14
AKR 2021-12-30 0.150 --- 2021-11-03 2021-12-31 2022-01-14
AKR 2021-09-29 0.150 --- 2021-08-10 2021-09-30 2021-10-15
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

Earnings Press Releases


Below are the Earnings Press Releases for AKR. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2021 Q4 Acadia Realty Trust Reports Fourth Quarter and Full Year 2021 Operating Results

Financial Statements Overview


The next Earnings Report for AKR is 2022-10-25

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Current Cash 0 0 0 0
Receivables 71,741,000 70,559,000 43,625,000 70,853,000
Inventory 0 0 0 0
Current Assets 248,435,000 277,981,000 225,070,000 266,324,000
Current Assets (Other) 14,960,000 13,591,000 0 17,919,000
Short Term Investments 14,960,000 13,591,000 0 17,919,000
Long-term Investments 4,190,449,000 4,218,200,000 4,036,676,000 3,978,321,000
Property, Plant & Equipment Net 3,644,212,000 3,598,692,000 3,423,146,000 3,487,610,000
Goodwill 0 0 0 0
Intangible Assets 119,785,000 121,448,000 0 95,518,000
Other Assets 42,876,000 33,159,000 186,509,000 33,121,000
Net Tangible Assets 1,572,827,000 1,540,165,000 1,521,613,000 1,409,476,000
Total Assets 4,438,884,000 4,496,181,000 4,261,746,000 4,244,645,000
Accounts Payable 0 0 0 0
Liabilities (Other) 1,582,000 12,750,000 0 54,827,000
Current Liabilities (Other) 216,014,000 210,931,000 260,814,000 214,152,000
Total Current Liabilities 2,030,240,000 2,030,577,000 2,073,052,000 2,002,051,000
Current Long-term Debt 1,814,226,000 1,819,646,000 1,812,238,000 1,787,899,000
Long-term Debt 6,814,000 6,712,000 0 6,513,000
Total Liabilities 2,746,272,000 2,834,568,000 2,740,133,000 2,739,651,000
Minority Interest 670,606,000 746,593,000 628,322,000 636,517,000
Common Stock 94,944,772 93,285,565 88,986,716 88,480,844
Retained Earnings -214,279,000 -196,818,000 -196,645,000 -185,373,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,692,612,000 1,661,613,000 1,521,613,000 1,504,994,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Total Revenue 84,259,000 81,507,000 74,997,000 73,446,000
Cost of Revenue 0 0 0 0
Gross Profit 84,259,000 81,507,000 74,997,000 73,446,000
Research and Development 0 0 0 0
Selling General and Admin 10,661,000 11,937,000 10,480,000 9,978,000
Operating Expense 90,049,000 88,205,000 90,733,000 82,196,000
Operating Income -5,790,000 -6,698,000 -15,736,000 -8,750,000
Income Expense Net (Other) -11,106,000 47,480,000 -14,955,000 49,647,000
EBIT -15,616,000 43,912,000 -29,374,000 41,541,000
Interest Income 0 0 0 0
Pretax Income -15,616,000 43,912,000 -8,928,000 31,616,000
Income Tax 209,000 -185,000 -310,000 59,000
Minority Interest -15,451,000 27,259,000 -11,017,000 19,488,000
Net Income -374,000 16,634,000 2,243,000 11,913,000
Net Income Basic -374,000 16,634,000 2,243,000 11,913,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-06-30 2022-03-31 2021-12-31 2021-09-30
Net Income -374,000 16,634,000 2,243,000 11,913,000
Depreciation 34,971,000 33,713,000 29,838,000 30,866,000
Changes in Receivables 71,741,000 70,559,000 43,625,000 70,853,000
Changes in Inventories 0 0 0 0
Cash Change 23,921,000 36,151,000 17,746,000 17,359,000
Cash Flow 38,216,000 26,543,000 32,593,000 21,357,000
Capital Expenditures -17,350,000 -7,931,000 -13,474,000 -10,577,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 8,168,000 -150,056,000 -114,911,000 -52,680,000
Dividends Paid 0 0 0 0
Net Borrowings 1,668,774,000 1,659,606,000 1,658,352,000 1,618,025,000
Cash Flow Financing -59,466,000 143,980,000 81,820,000 -56,666,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

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. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.8
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.7
Rating AFFO & Efficiency Section Avg. Rating
6 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.9
6 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 7.0
5 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
5 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.3
Rating Leverage Section Avg. Rating
5 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.3
Rating Asset & Revenue Section Avg. Rating
5 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.3
7 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.9
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.7
8 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.0
Rating Properties Section Avg. Rating
7 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.6
9 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 8.7
7 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
6.5 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: 2022-09-27 - v3.5