AKR
ACADIA REALTY TRUST
Next earnings Jul 27, 2026 · consensus $0.05 EPS, $83.7M rev
Last earnings -2.0% on 2026-05-13
$21.88
▲ +0.88%$21.88▲ +19.23%
over 1Y
L $17.42EODHDH $22.53
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.9%
1W+3.0%
1M-1.9%
3M+17.8%
YTD+7.1%
1Y+19.2%
Hold
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 12 analysts
Buy
Quality urban-retail REIT executing well in premium NYC streets, but ATM-fueled dilution and rising leverage cap upside at current $22 price.
Revenue $411M · FY2025
The read
Middling fundamentals and a rich price (~97% above fair value) leave little margin of safety — a wait-and-see.
AKR is a high-quality, niche REIT concentrated in street and urban retail in high-barrier markets, and the 2025 file shows a clear strategy in motion: they consolidated the Renaissance Portfolio (DC, $245.7M gross value), bolted on a string of premium NYC street-retail assets (Spring Street, Wooster, North 6th, 85 5th Avenue) and grew the IM platform (Pinewood Square, Avenue West Cobb). Revenue rose +14.2% to $411M and operating cash flow jumped +18.9% to $167M — the metrics that actually matter for a REIT — while the headline P/E of 220x and -47.4% EPS decline are largely an artifact of $157M D&A and a one-time $9.6M loss on the Renaissance change-in-control, not core deterioration.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $292M | $326M | $339M | $360M | $411M |
| Gross profit | — | — | — | — | — |
| Operating income | $30.7M | $68.2M | $49.1M | $65.7M | $49.4M |
| Net income | — | — | $19.9M | $21.6M | $16.9M |
| Diluted EPS | $0.26 | -$0.40 | $0.20 | $0.19 | $0.10 |
| Net margin | — | — | 5.9% | 6.0% | 4.1% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield0.6%
FCF yield—
Quality & risk
ROIC (est.)1.0%
Free cash flow—
Total debt$1.86B
Net cash-$1.82B
Piotroski F-Score4/7
Capital returns
Buyback yield1.9%
Dividend yield (est.)3.5%
Shareholder yield5.5%
Shares Δ YoY+9.5%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Other event2026-06-12
Item 8.01 other-events disclosure; no material financial impact flagged.
- 8-K Earnings results2026-05-13
Q1 2026 results released alongside annual meeting vote tallies.
- 10-Q Quarterly report2026-04-29
Q1 2026 10-Q filed; continues 2025 acquisition-driven growth pace.
- 8-K Earnings results2026-04-28
Q1 2026 earnings press release issued; standard quarterly update.
- 8-K Material agreement2026-04-20
Entered new material agreement creating direct financial obligation (debt facility).
- DEF 14A Proxy statement2026-03-31
Annual proxy: routine board/auditor votes and exec compensation.
- 10-K Annual report2026-02-13
FY25 rev $411M (+14%), $278M ATM equity issued, debt +21%, EPS -47%.
- 8-K Earnings results2026-02-10
FY2025 earnings: rev +14% but net income -22%, EPS $0.10 (-47%) on dilution.
- 8-K Officer / director change2026-02-06
Officer/director change disclosed under Item 5.02.
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-06-092026-06-12open ↗424B5Filing2026-06-11open ↗424B5Filing2026-06-10open ↗SCHEDULE 13G/AFiling2026-05-15open ↗4Period ending 2026-05-132026-05-13open ↗4Period ending 2026-05-132026-05-13open ↗4Period ending 2026-05-132026-05-13open ↗4Period ending 2026-05-132026-05-13open ↗4Period ending 2026-05-132026-05-13open ↗4Period ending 2026-05-132026-05-13open ↗4Period ending 2026-05-132026-05-13open ↗8-KPeriod ending 2026-05-132026-05-13open ↗
Frequently asked
- Is ACADIA REALTY TRUST (AKR) a buy?
- AKR currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Quality urban-retail REIT executing well in premium NYC streets, but ATM-fueled dilution and rising leverage cap upside at current $22 price.
- What is AKR's fair value?
- A Modified-Graham model based on AKR's SEC fundamentals estimates a fair value of about $0.73. It is an estimate from reported earnings, not a price target.
- Is AKR overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, AKR currently appears overvalued relative to its SEC-grounded earnings power.
- What is ACADIA REALTY TRUST's quality score?
- AKR scores 56.68627450980392/100 (grade C) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000899629, latest 10-Q filed 2026-04-29) · EODHD · analysis by claude-code · as of 6/25/2026, 1:48:22 PM.
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