30 years of historical data (1996–2025) · Real Estate · REIT - Retail
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Acadia Realty Trust trades at 209.2x earnings, 67% above its 5-year average of 125.4x, sitting at the 100th percentile of its historical range. Compared to the Real Estate sector median P/E of 23.4x, the stock trades at a premium of 795%. On a free-cash-flow basis, the stock trades at 16.4x P/FCF, 14% below the 5-year average of 19.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.7B | $2.6B | $2.6B | $1.6B | $1.4B | $1.9B | $1.2B | $2.2B | $2.0B | $2.3B | $2.5B |
| Enterprise Value | $4.6B | $4.5B | $4.3B | $3.6B | $3.3B | $3.8B | $3.1B | $4.0B | $3.7B | $3.7B | $4.0B |
| P/E Ratio → | 209.20 | 205.40 | 127.16 | 84.95 | — | 83.96 | — | 103.72 | 62.53 | 37.48 | 34.77 |
| P/S Ratio | 6.67 | 6.43 | 7.27 | 4.78 | 4.16 | 6.54 | 4.89 | 7.56 | 7.50 | 9.15 | 13.18 |
| P/B Ratio | 1.03 | 1.01 | 1.03 | 0.76 | 0.60 | 0.89 | 0.60 | 1.00 | 0.94 | 1.03 | 1.15 |
| P/FCF | 16.42 | 15.83 | 18.62 | 10.39 | 18.31 | 32.21 | 11.80 | 24.84 | 21.85 | 19.97 | 24.01 |
| P/OCF | 16.42 | 15.83 | 18.62 | 10.39 | 10.20 | 18.23 | 11.80 | 17.22 | 20.46 | 19.11 | 22.39 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Acadia Realty Trust's enterprise value stands at 19.0x EBITDA, roughly in line with its 5-year average of 20.0x. The Real Estate sector median is 13.6x, placing the stock at a 40% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 10.96 | 11.88 | 10.66 | 9.98 | 13.09 | 12.36 | 13.87 | 13.96 | 14.82 | 21.00 |
| EV / EBITDA | 19.04 | 18.63 | 20.89 | 19.51 | 15.94 | 24.86 | 96.39 | 20.53 | 14.10 | 14.94 | 21.00 |
| EV / EBIT | 54.67 | 80.78 | 42.34 | 39.32 | 217.42 | 40.67 | 734.36 | 42.77 | 66.31 | 29.85 | 45.77 |
| EV / FCF | — | 26.95 | 30.42 | 23.18 | 43.88 | 64.48 | 29.83 | 45.56 | 40.69 | 32.36 | 38.27 |
Margins and return-on-capital ratios measuring operating efficiency
Acadia Realty Trust earns an operating margin of 20.5%, roughly in line with the Real Estate sector average. Operating margins have expanded from 14.5% to 20.5% over the past 3 years, signaling improving operational efficiency. ROE of 0.7% is modest. ROIC of 1.5% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.9% | 69.9% | 68.8% | 68.0% | 68.8% | 66.2% | 60.9% | 69.5% | 68.8% | 69.0% | 73.7% |
| Operating Margin | 20.5% | 20.5% | 18.3% | 14.5% | 20.9% | 10.5% | -45.9% | 25.2% | 10.5% | 6.9% | 11.5% |
| Net Profit Margin | 4.1% | 4.1% | 6.0% | 5.9% | -10.9% | 8.1% | -3.6% | 18.5% | 12.0% | 24.6% | 38.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.7% | 0.7% | 0.9% | 0.9% | -1.6% | 1.1% | -0.4% | 2.5% | 1.5% | 2.8% | 3.9% |
| ROA | 0.4% | 0.4% | 0.5% | 0.5% | -0.8% | 0.6% | -0.2% | 1.3% | 0.8% | 1.5% | 2.1% |
| ROIC | 1.5% | 1.5% | 1.2% | 0.9% | 1.2% | 0.6% | -2.2% | 1.4% | 0.6% | 0.4% | 0.5% |
| ROCE | 1.8% | 1.8% | 1.6% | 1.2% | 1.7% | 0.8% | -2.8% | 1.8% | 0.7% | 0.5% | 0.7% |
Solvency and debt-coverage ratios — lower is generally safer
Acadia Realty Trust carries a Debt/EBITDA ratio of 7.9x, which is highly leveraged (18% above the sector average of 6.7x). Net debt stands at $1.9B ($1.9B total debt minus $57M cash). Interest coverage of just 0.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.73 | 0.73 | 0.66 | 0.94 | 0.85 | 0.90 | 0.92 | 0.84 | 0.82 | 0.67 | 0.72 |
| Debt / EBITDA | 7.93 | 7.93 | 8.18 | 10.85 | 9.37 | 12.55 | 58.84 | 9.42 | 6.61 | 6.02 | 8.21 |
| Net Debt / Equity | — | 0.71 | 0.65 | 0.93 | 0.84 | 0.89 | 0.91 | 0.84 | 0.81 | 0.64 | 0.68 |
| Net Debt / EBITDA | 7.69 | 7.69 | 8.10 | 10.76 | 9.29 | 12.44 | 58.25 | 9.34 | 6.53 | 5.72 | 7.83 |
| Debt / FCF | — | 11.13 | 11.80 | 12.78 | 25.57 | 32.27 | 18.03 | 20.72 | 18.84 | 12.39 | 14.26 |
| Interest Coverage | 0.88 | 0.88 | 0.71 | 0.53 | 0.85 | 0.45 | -1.65 | 1.06 | 0.39 | 0.29 | 0.63 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio has improved from 0.87x to 1.87x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | 1.87 | 0.87 | 0.89 | 1.45 | 5.28 | 0.99 | 1.86 | 1.09 | 1.68 |
| Quick Ratio | — | — | 1.87 | 0.87 | 0.89 | 1.45 | 1.66 | 1.08 | 1.83 | 1.15 | 1.74 |
| Cash Ratio | 0.19 | — | 0.19 | 0.15 | 0.06 | 0.08 | 0.27 | 0.08 | 0.15 | 0.26 | 0.28 |
| Asset Turnover | — | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 | 0.06 | 0.07 | 0.07 | 0.06 | 0.05 |
| Inventory Turnover | 0.40 | — | — | — | — | — | 0.40 | — | 17.77 | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Acadia Realty Trust returns 3.8% to shareholders annually primarily through dividends. The earnings yield of 0.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.8% | 3.8% | 2.9% | 4.2% | 4.8% | 2.1% | 4.1% | 4.3% | 4.5% | 4.3% | 3.6% |
| Payout Ratio | — | — | 352.5% | 345.0% | — | 167.6% | — | 174.8% | 282.7% | 161.9% | 125.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.5% | 0.5% | 0.8% | 1.2% | — | 1.2% | — | 1.0% | 1.6% | 2.7% | 2.9% |
| FCF Yield | 6.1% | 6.3% | 5.4% | 9.6% | 5.5% | 3.1% | 8.5% | 4.0% | 4.6% | 5.0% | 4.2% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.8% | 0.0% | 2.8% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.8% | 3.8% | 2.9% | 4.2% | 4.8% | 2.1% | 5.9% | 4.3% | 7.3% | 4.3% | 3.6% |
| Shares Outstanding | — | $129M | $108M | $95M | $95M | $88M | $86M | $84M | $83M | $84M | $77M |
Compare AKR with 2 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| AKRYou | $3B | 209.2 | 19.0 | 16.4 | 69.9% | 20.5% | 0.7% | 1.5% | 7.9 |
| FRT | $9B | 22.7 | 10.7 | 15.1 | 67.2% | 47.1% | 12.0% | 7.3% | 1.2 |
| ALX | $1B | 42.7 | — | 16.3 | — | — | 19.7% | — | — |
| Real Estate Median | — | 23.4 | 13.6 | 13.7 | 60.4% | 22.0% | 3.3% | 2.6% | 6.7 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
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View ValuationSee how AKR stacks up against sector leader Federal Realty Investment Trust.
Start ComparisonAcadia Realty Trust's current P/E ratio is 209.2x. The historical average is 39.4x. This places it at the 100th percentile of its historical range.
Acadia Realty Trust's current EV/EBITDA is 19.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.0x.
Acadia Realty Trust's return on equity (ROE) is 0.7%. The historical average is 3.7%.
Based on historical data, Acadia Realty Trust is trading at a P/E of 209.2x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Acadia Realty Trust's current dividend yield is 3.76%.
Acadia Realty Trust has 69.9% gross margin and 20.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Acadia Realty Trust's Debt/EBITDA ratio is 7.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.