Acadia Realty (AKR) AI Stock Analysis

• Market Cap: $2.68B
• Dividend Yield: 3.87%
• Average Volume (3M): 1.50M
• Price to Earnings (P/E): 118.9
• Beta (1Y): 0.84
• 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: 1,423,392
• 30 Day Avg. Volume: 1,497,865
• 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: 1.79
• Enterprise Value/Revenue: 12.40
• Enterprise Value/Gross Profit: 17.80
• Enterprise Value/Ebitda: 19.31
• 1Y Price Target: $22.33
• Price Target Upside: 10.93% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 67 Neutral
• Price Target: $21.00 ▲(4.32% Upside)

Acadia Realty's overall stock score reflects a strong earnings call with positive growth expectations and robust cash flow generation. However, the high P/E ratio and concerns about profitability weigh on the valuation. Technical indicators suggest a neutral to slightly bullish outlook, while the stable balance sheet supports future growth potential.

Positive Factors

Management Guidance

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

Retailer Stability

AKR is not seeing a slowdown in retailers' store opening plans, and consumer spending data and traffic levels remain healthy.

Strategic Growth

The company intentionally created downtime to recapture and re-lease space at higher rents, aiming for strategic growth.

Negative Factors

Net Promote Assumption

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 (AKR) is a leading real estate investment trust (REIT) focused on the ownership, operation, and development of retail and mixed-use properties in high-density markets across the United States. The company primarily invests in properties that exhibit strong demographics and are positioned for growth, providing a diverse portfolio that includes shopping centers, urban retail spaces, and mixed-use developments. Acadia Realty is committed to enhancing property value through strategic redevelopment and the cultivation of tenant relationships.

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 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.

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.

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.

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

• Technical Analysis Sentiment: Positive
• Last Price: 20.13
• 50DMA: Positive
• 100DMA: Positive
• 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 20.13 is above the 20-day moving average (MA) of 19.41, above the 50-day MA of 18.93, and below the 200-day MA of 20.84, indicating a neutral trend. The MACD of 0.31 indicates Negative momentum. The RSI at 62.45 is Neutral, neither overbought nor oversold. The STOCH value of 68.89 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	$1.60B	24.58	6.87%	6.50%	6.62%	-3.87%
IVT	78 Outperform	$2.29B	20.59	6.67%	3.11%	8.63%	1412.68%
FCPT	76 Outperform	$2.68B	23.81	7.73%	5.47%	6.28%	1.21%
WSR	73 Outperform	$1.31B	19.79	7.97%	4.05%	4.04%	107.96%
CURB	70 Outperform	$2.34B	140.19	1.16%	2.50%	―	―
AKR	67 Neutral	$2.68B	118.93	0.95%	3.87%	7.09%	2591.94%
Sector *	63 Neutral	$7.02B	13.29	-0.50%	6.92%	4.08%	-25.24%

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.