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Acadia Realty Trust (AKR)
NYSE:AKR
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Acadia Realty
(NYSE:AKR)
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Rating:68Neutral
Price Target:
$21.50
▲(7.02% Upside)
Acadia Realty's overall stock score is driven by strong financial stability and positive earnings call sentiment, despite profitability challenges and valuation concerns. The company's robust cash flow and strategic acquisitions position it well for future growth, but market uncertainties and high P/E ratio weigh on the score.
Positive Factors
Strong Internal Growth
Acadia's focus on street retail and strong leasing activity supports sustainable growth, enhancing its market position and revenue potential.
Robust Acquisition Activity
Strategic acquisitions in high-demand street retail locations bolster Acadia's portfolio, driving long-term growth and competitive advantage.
Solid Balance Sheet and Liquidity
Strong liquidity and a solid balance sheet provide Acadia with the financial flexibility to capitalize on growth opportunities and withstand market fluctuations.
Negative Factors
Profitability Challenges
Negative net profit margins indicate ongoing profitability issues, which could hinder reinvestment and growth if not addressed.
Retailer Bankruptcies
Retailer bankruptcies in Acadia's portfolio could lead to increased vacancies and reduced rental income, impacting long-term financial performance.
Tariff Concerns
Tariff-related uncertainties may affect tenant profitability, potentially leading to lower leasing demand and impacting Acadia's revenue stability.
Acadia Realty (AKR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.67B
Dividend Yield3.88%
Average Volume (3M)1.54M
Price to Earnings (P/E)120.4
Beta (1Y)0.82
Revenue Growth7.09%
EPS Growth2591.94%
CountryUS
Employees129
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)0.09
Shares Outstanding131,013,080
10 Day Avg. Volume1,814,399
30 Day Avg. Volume1,543,616
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.79
Enterprise Value/Revenue12.40
Enterprise Value/Gross Profit17.80
Enterprise Value/Ebitda19.31
Forecast
1Y Price Target
$22.25Price Target Upside10.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
Acadia Realty Business Overview & Revenue Model
Company DescriptionAcadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation's most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.
How the Company Makes MoneyAcadia Realty generates revenue primarily through rental income from its real estate holdings. The company leases space to a variety of tenants, including national retailers, which provides a stable cash flow. Additionally, AKR benefits from property management services and development projects that may lead to increased valuation of its properties. Strategic asset management and redevelopment initiatives further contribute to revenue by enhancing the attractiveness and profitability of its portfolio. Acadia Realty also engages in joint ventures and partnerships with other real estate firms, which can provide additional capital and opportunities for expansion, ultimately boosting its revenue potential.
Acadia Realty Earnings Call Summary
Earnings Call Date:Jul 29, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 03, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong internal growth, robust acquisition activity, and a solid balance sheet, which were tempered by concerns about tariffs and stock performance. Tenant demand and sales growth were notably positive, though there were mentions of retailer bankruptcies.Q2-2025 Updates
Positive Updates
Strong Internal Growth
Acadia Realty Trust has seen continued momentum across its core portfolio with leasing activity contributing to annual same-store growth in excess of 5%. The focus is on street retail, which is outperforming other more necessity and value-based formats.
Robust Acquisition Activity
The company completed nearly $160 million in acquisitions last quarter and $860 million over the last 12 months, focusing on street retail.
Solid Balance Sheet and Liquidity
Acadia maintains a solid balance sheet with over $0.5 billion of liquidity, enabling flexibility for future growth. Recent refinancing efforts have reduced borrowing costs and extended maturities.
Leasing Pipeline and Occupancy Gains
The leasing pipeline has grown to $15 million of executed leases, representing nearly 7% of pro rata ABR. Total core occupancy is expected to increase to 94-95% by year-end.
Tenant Demand and Sales Growth
Reported comp sales have increased double digits both quarter-over-quarter and year-over-year, with demand outpacing supply on high-growth streets.
Negative Updates
Tariff Concerns and Market Uncertainty
Despite the positive performance, there are ongoing concerns about tariffs and their potential impact on retailers' profit margins and discretionary spending.
Stock Performance Lag
Acadia's stock performance has underperformed due to market concerns about tariffs and tenant exposure to discretionary spending.
Retailer Watchlist and Bankruptcy
There was a mention of retailers on the watchlist, primarily in the suburban portfolio, with some filing for bankruptcy.
Company Guidance
During the Acadia Realty Trust Second Quarter 2025 Earnings Conference Call, management provided guidance reflecting strong performance across their street retail portfolio. They reported a leasing pipeline of $15 million in executed leases, with anticipated incremental earnings of $3 million in the second half of 2025 and $8.5 million in 2026. The company aims for a 5% to 6% same-store NOI growth this year, with expectations for over 10% NOI growth in 2026. Acadia completed $160 million in acquisitions last quarter, part of a $860 million acquisition total over the past year, and maintains a strong balance sheet with over $0.5 billion in liquidity. The company anticipates continued external growth opportunities, driven by a favorable supply-demand balance and a shift in retailer focus towards direct-to-consumer street retail locations.Acadia Realty Financial Statement Overview
Summary
Acadia Realty demonstrates a mixed financial performance with strong revenue growth and efficient cost management. However, profitability is a concern due to negative net income. The balance sheet is stable with manageable leverage, and cash flow generation is robust, providing a cushion for future operations.Income Statement
Acadia Realty's income statement shows a moderate performance with a steady revenue growth rate of 3.58% in the TTM period. The gross profit margin is strong at 69.62%, indicating efficient cost management. However, the net profit margin is negative at -0.51%, reflecting challenges in profitability. The EBIT margin has decreased to 20.85% from previous periods, and the EBITDA margin is at 47.80%, showing a decline in operational efficiency.65
Positive
Balance Sheet
The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.81, indicating a balanced leverage. The equity ratio stands at 46.54%, suggesting a solid capital structure. However, the return on equity is slightly negative at -0.09%, pointing to inefficiencies in generating returns from equity.70
Positive
Cash Flow
Cash flow analysis reveals a strong free cash flow growth rate of 39.08% in the TTM period, indicating improved cash generation capabilities. The operating cash flow to net income ratio is 0.82, showing a healthy conversion of earnings to cash. The free cash flow to net income ratio is 1.24, highlighting effective cash management despite the negative net income.75
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 386.06M | 359.69M | 345.64M | 326.29M | 292.50M | 250.91M |
| Gross Profit | 268.80M | 247.64M | 223.53M | 224.36M | 193.62M | 152.88M |
| EBITDA | 247.83M | 239.82M | 194.39M | 180.30M | 143.57M | 31.48M |
| Net Income | -1.97M | 21.65M | 19.87M | -35.45M | 23.55M | -9.21M |
Balance Sheet | ||||||
| Total Assets | 4.88B | 4.37B | 4.29B | 4.30B | 4.26B | 4.19B |
| Cash, Cash Equivalents and Short-Term Investments | 53.69M | 31.58M | 50.77M | 17.16M | 17.75M | 18.70M |
| Total Debt | 1.83B | 1.67B | 1.93B | 1.83B | 1.85B | 1.89B |
| Total Liabilities | 2.15B | 1.84B | 2.16B | 2.05B | 2.11B | 2.14B |
| Stockholders Equity | 2.27B | 2.07B | 1.64B | 1.69B | 1.52B | 1.44B |
Cash Flow | ||||||
| Free Cash Flow | 214.54M | 140.45M | 155.76M | 74.17M | 59.40M | 96.16M |
| Operating Cash Flow | 173.13M | 140.45M | 155.76M | 133.21M | 104.98M | 102.56M |
| Investing Cash Flow | -585.34M | -170.66M | -208.54M | -124.17M | -198.54M | -100.92M |
| Financing Cash Flow | 424.96M | 44.62M | 45.85M | -4.38M | 91.32M | -1.26M |
Acadia Realty Technical Analysis
Positive
20.09
Price Trends
19.43
Positive
19.22
Positive
20.47
Negative
Market Momentum
0.19
Positive
55.14
Neutral
18.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AKR, the sentiment is Positive. The current price of 20.09 is above the 20-day moving average (MA) of 19.99, above the 50-day MA of 19.43, and below the 200-day MA of 20.47, indicating a neutral trend. The MACD of 0.19 indicates Positive momentum. The RSI at 55.14 is Neutral, neither overbought nor oversold. The STOCH value of 18.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AKR.
Acadia Realty Risk Analysis
Acadia Realty disclosed 50 risk factors in its most recent earnings report. Acadia Realty reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Acadia Realty Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $2.25B | 20.26 | 6.15% | 3.20% | 8.63% | 1412.68% | |
77 Outperform | $1.51B | 23.24 | 6.76% | 7.04% | 6.62% | -3.87% | |
74 Outperform | $2.55B | 22.71 | 7.14% | 5.77% | 6.28% | 1.21% | |
72 Outperform | $2.37B | 141.96 | 0.53% | 2.53% | ― | ― | |
68 Neutral | $2.67B | 120.37 | 0.95% | 3.88% | 7.09% | 2591.94% | |
66 Neutral | $1.73B | -243.36 | -0.44% | 4.70% | 21.31% | -199.59% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
* Real Estate Sector Average
AKR
Acadia Realty
20.09
-2.73
-11.96%
GTY
Getty Realty
26.70
-3.10
-10.40%
FCPT
Four Corners Property
24.45
-3.75
-13.30%
IVT
InvenTrust Properties
28.98
1.30
4.70%
NTST
NETSTREIT
17.96
2.27
14.47%
CURB
Curbline Properties Corp.
22.50
-1.25
-5.26%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.