Acadia Realty (AKR) AI Stock Analysis

• Market Cap: $2.53B
• Dividend Yield: 4.1%
• Average Volume (3M): 1.47M
• Price to Earnings (P/E): 113.9
• Beta (1Y): 0.87
• Revenue Growth: 7.09%
• EPS Growth: 2591.94%
• Country: US
• Employees: 129
• Sector: Real Estate
• Sector Strength: 48
• Industry: REIT - Retail
• EPS (TTM): 0.01
• Shares Outstanding: 131,013,080
• 10 Day Avg. Volume: 1,666,218
• 30 Day Avg. Volume: 1,469,057
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.89
• Enterprise Value/Revenue: 12.40
• Enterprise Value/Gross Profit: 17.80
• Enterprise Value/Ebitda: 25.93
• 1Y Price Target: $22.50
• Price Target Upside: 18.36% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 68 Neutral
• Price Target: $21.00 ▲(10.47% Upside)

Acadia Realty's overall stock score is driven by a positive earnings call highlighting strong growth prospects and a solid balance sheet. However, financial performance is mixed with profitability concerns, and the stock appears overvalued based on its high P/E ratio. Technical indicators suggest stable but cautious momentum.

Positive Factors

Acquisitions

Significant acquisitions of $373m, across several Street Retail corridors.

Financial Performance

Management reaffirmed FFO guidance at $1.355/sh, which indicates confidence in the company's financial performance.

Growth Outlook

AKR's growth is considered best-in-class, with internal and external growth positioning the company to grow earnings ahead of peers.

Negative Factors

Future Earnings

There is a reduction in the net promote assumption for 2026, down from $17.5m in 2025 to $6m, due to no expected monetization from Albertsons Company.

Occupancy Rates

Core portfolio leased occupancy fell 80 bps, affected by known bankruptcies, which challenges overall occupancy rates.

Rental Income

Blended cash lease spreads declined 5.6% compared to the previous quarter's performance, reflecting pressure on rental income growth.

Acadia Realty Business Overview & Revenue Model

Company Description

Acadia 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 Money

Acadia 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 Financial Statement Overview

Summary

Acadia Realty demonstrates consistent revenue growth and strong gross profit margins. The balance sheet is robust with no debt and a strong equity position. However, challenges include declining EBITDA margins and reduced free cash flow growth.

Income Statement

Acadia Realty's income statement shows a consistent revenue growth with a 6.2% increase in 2024 compared to 2023. Gross profit margin and net profit margin for 2024 are healthy at 68.8% and 6.0%, respectively, indicating strong operational efficiency. The EBIT margin improved to 18.3% in 2024 from 13.6% in 2023. However, the EBITDA margin declined significantly from 57.4% in 2023 to 18.8% in 2024, suggesting potential concerns in managing operating expenses.

Balance Sheet

The balance sheet of Acadia Realty is strong, with no total debt reported in 2024, a significant improvement from previous years. The equity ratio is robust, with 47.3% of total assets funded by stockholders' equity. Return on equity improved to 1.0% in 2024 from 1.2% in 2023, reflecting better profitability. This strong equity position and low leverage mitigate financial risk.

Cash Flow

The cash flow statement shows a slight decline in operating cash flow in 2024 compared to 2023. Free cash flow growth is negative due to lower operating cash flow, yet the free cash flow to net income ratio remains strong. The operating cash flow to net income ratio indicates efficient cash management despite reduced free cash flow growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	386.06M	359.69M	338.69M	326.29M	292.50M	255.48M
Gross Profit	268.80M	247.64M	230.22M	224.36M	193.62M	155.38M
EBITDA	184.54M	239.82M	194.39M	162.03M	167.89M	115.86M
Net Income	-1.97M	21.65M	19.87M	-65.25M	23.55M	-66.04M
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	19.23M
Total Debt	1.83B	1.67B	1.93B	1.83B	1.85B	1.76B
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	-96.21M
Financing Cash Flow	424.96M	44.62M	45.85M	-4.38M	91.32M	-1.26M

Acadia Realty Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 19.01
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 19.01 is above the 20-day moving average (MA) of 18.82, above the 50-day MA of 18.79, and below the 200-day MA of 21.14, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 53.00 is Neutral, neither overbought nor oversold. The STOCH value of 68.92 is Neutral, 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	79 Outperform	$1.59B	24.48	6.87%	6.62%	6.62%	-3.87%
CURB	72 Outperform	$2.38B	142.78	1.16%	2.51%	―	―
FCPT	72 Outperform	$2.65B	23.58	7.73%	5.54%	6.28%	1.21%
WSR	71 Outperform	$1.25B	18.79	7.97%	4.31%	4.04%	107.96%
IVT	71 Outperform	$2.19B	19.70	6.67%	3.29%	8.63%	1412.68%
AKR	68 Neutral	$2.53B	113.90	0.95%	4.10%	7.09%	2591.94%
Sector *	64 Neutral	C$1.97B	4.85	-0.88%	5.21%	1.67%	-56.01%

Acadia Realty Corporate Events

Acadia Realty Holds Annual Shareholder Meeting on May 8

On May 8, 2025, Acadia Realty held its annual meeting of shareholders, with a significant participation rate of 94.58% of common shares. During the meeting, several proposals were voted on, including the election of trustees and the ratification of Deloitte & Touche, LLP as the independent accounting firm for the fiscal year ending December 31, 2025. The meeting’s outcomes are expected to influence the company’s governance and financial oversight.