Acadia Realty (AKR) AI Stock Analysis

• Market Cap: $2.74B
• Dividend Yield: 3.84%
• Average Volume (3M): 1.24M
• Price to Earnings (P/E): 164.0
• Beta (1Y): 0.64
• Revenue Growth: 8.85%
• EPS Growth: 27.38%
• Country: US
• Employees: 129
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): 0.09
• Shares Outstanding: 131,034,620
• 10 Day Avg. Volume: 1,594,343
• 30 Day Avg. Volume: 1,243,074
• PEG Ratio: -24.15
• Price to Book (P/B): 1.27
• Price to Sales (P/S): 7.27
• P/FCF Ratio: 18.62
• Enterprise Value/Market Cap: 2.05
• Enterprise Value/Revenue: 14.06
• Enterprise Value/Gross Profit: 20.11
• Enterprise Value/Ebitda: 27.54
• 1Y Price Target: $22.25
• Price Target Upside: 8.01% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 0.21
• Revenue Forecast (FY): $341.39M

• Rating: 71 Outperform
• Price Target: $22.50 ▲(9.22% Upside)

Acadia Realty's overall stock score is driven by its stable financial performance and strong earnings call outlook, which highlight growth in street retail leasing and acquisitions. Technical analysis supports a positive trend, although valuation concerns due to a high P/E ratio temper the score. The company's strategic focus and leadership changes are positive but have a minimal impact on the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for Acadia's retail spaces, supporting long-term business expansion and stability.

Leasing Success

Strong leasing activity reflects robust tenant demand and effective property management, enhancing future revenue streams.

Strategic Leadership Transition

The appointment of a seasoned financial leader ensures continuity and strengthens Acadia's strategic and operational execution.

Negative Factors

Declining Free Cash Flow Growth

A decline in free cash flow growth may limit Acadia's ability to invest in new projects, impacting future growth potential.

Decreasing Net Profit Margin

A declining net profit margin suggests potential challenges in cost management, which could affect long-term profitability.

ROE Decline

A decrease in ROE indicates reduced efficiency in generating profits from equity, which may concern long-term investors.

Acadia Realty Business Overview & Revenue Model

Company Description

Acadia Realty Trust (AKR) is a publicly traded real estate investment trust (REIT) focused on the ownership, operation, and development of retail and mixed-use properties across the United States. The company primarily invests in high-quality retail spaces in urban and suburban markets, strategically partnering with leading retailers to enhance property value and tenant performance. Acadia Realty specializes in acquiring, developing, and managing retail real estate assets to create long-term value for its shareholders.

How the Company Makes Money

Acadia Realty generates revenue primarily through leasing its retail and mixed-use properties to tenants, which provide steady rental income. The company benefits from long-term leases with creditworthy tenants, ensuring consistent cash flow. Additionally, Acadia engages in property development and redevelopment projects, which can yield significant returns when completed and leased. The company also realizes income from property sales and can capitalize on appreciation in real estate values. Strategic partnerships with retailers and developers enhance its portfolio's attractiveness, while market demand for prime retail space drives occupancy rates and rental rates, contributing to overall revenue growth.

Acadia Realty Financial Statement Overview

Summary

Acadia Realty demonstrates solid revenue growth and efficient cost management, as evidenced by its strong gross profit margin. However, declining net profit margins and ROE indicate potential areas for improvement in profitability and operational efficiency. The company's balance sheet is stable, with a reasonable debt-to-equity ratio, but the decrease in free cash flow growth could pose challenges for future investments. Overall, Acadia Realty maintains a stable financial position with opportunities for enhancing profitability.

Income Statement

Acadia Realty has shown consistent revenue growth, with a TTM revenue growth rate of 3.44%. The gross profit margin is strong at 69.90%, indicating efficient cost management. However, the net profit margin has decreased to 4.44% in the TTM, reflecting potential challenges in controlling expenses or increased interest obligations. The EBIT and EBITDA margins have also declined compared to previous years, suggesting a need for improved operational efficiency.

Balance Sheet

The company's debt-to-equity ratio is relatively stable at 0.84, indicating a balanced approach to leveraging. However, the return on equity has decreased to 0.80%, which may concern investors looking for higher returns. The equity ratio stands at 46.06%, showing a solid equity base, but the declining ROE suggests that the company could improve its profitability.

Cash Flow

Acadia Realty's operating cash flow to net income ratio is robust at 4.63, indicating strong cash generation relative to net income. However, the free cash flow growth rate has declined by 26.51% in the TTM, which could impact future investment capabilities. The free cash flow to net income ratio remains healthy at 1.0, suggesting that the company generates sufficient cash to cover its net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	399.33M	359.69M	338.69M	326.29M	292.50M	250.91M
Gross Profit	279.14M	247.64M	230.22M	224.36M	193.62M	152.88M
EBITDA	203.79M	239.82M	227.79M	150.89M	217.61M	151.45M
Net Income	17.71M	21.65M	19.87M	-35.45M	23.55M	-8.98M
Balance Sheet
Total Assets	4.88B	4.37B	4.29B	4.30B	4.26B	4.13B
Cash, Cash Equivalents and Short-Term Investments	53.89M	31.58M	50.77M	17.16M	17.75M	18.70M
Total Debt	2.02B	1.67B	2.01B	1.91B	1.93B	1.89B
Total Liabilities	2.21B	1.84B	2.16B	2.05B	2.11B	2.08B
Stockholders Equity	2.25B	2.07B	1.64B	1.69B	1.52B	1.44B
Cash Flow
Free Cash Flow	143.26M	140.45M	155.76M	74.17M	59.40M	103.95M
Operating Cash Flow	162.87M	140.45M	155.76M	133.21M	104.98M	103.95M
Investing Cash Flow	-542.98M	-170.66M	-208.54M	-124.17M	-198.54M	-48.75M
Financing Cash Flow	385.85M	44.62M	45.85M	-4.38M	91.32M	-53.43M

Acadia Realty Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 20.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 20.6 is above the 20-day moving average (MA) of 20.14, above the 50-day MA of 19.88, and above the 200-day MA of 19.40, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 59.32 is Neutral, neither overbought nor oversold. The STOCH value of 82.66 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AKR.

Acadia Realty Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTY	78 Outperform	$1.63B	21.73	7.54%	6.77%	8.17%	9.96%
CURB	74 Outperform	$2.44B	58.85	2.72%	3.13%	―	―
IVT	73 Outperform	$2.22B	18.84	6.65%	3.26%	9.40%	1433.20%
FCPT	71 Outperform	$2.49B	21.47	7.56%	6.06%	8.28%	1.49%
AKR	71 Outperform	$2.74B	164.01	0.74%	3.84%	8.85%	27.38%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
NTST	63 Neutral	$1.47B	10,252.94	0.02%	4.88%	19.92%	―

Acadia Realty Corporate Events

Acadia Realty Announces New Chief Accounting Officer Appointment

On December 19, 2025, Acadia Realty Trust announced that David Buell will join the company as Chief Accounting Officer effective January 5, 2026, succeeding long-time executive Richard Hartmann as the firm’s principal accounting officer. Buell, a certified public accountant with more than 15 years of leadership experience at another publicly traded real estate investment trust and prior audit experience at KPMG, will receive a compensation package that includes a $375,000 base salary, eligibility for annual cash and equity bonuses, a one-time $500,000 equity award with five-year cliff vesting, and a one-time signing award split between cash and equity, underscoring Acadia’s effort to secure seasoned financial leadership. Hartmann, who has been with Acadia since 1997 and served as Chief Accounting Officer since 2012, will remain with the company in a new role as Senior Vice President, Strategic Initiatives, signaling a planned and orderly transition that maintains continuity in the finance function while positioning the REIT for its next phase of strategic and operational execution.