Acadia Realty Trust (AKR) Financial Ratios
30 years of historical data (1996–2025) · Real Estate · REIT - Retail
EV/EBITDA
↓
23.14
+13% vs avg
5yr avg: 20.43
30Y Low7.1·High93.6
P/FCF
↓
17.39
↓-33% vs avg
5yr avg: 25.77
30Y Low8.9·High149.7
P/B Ratio
↑
1.11
↑+29% vs avg
5yr avg: 0.86
30Y Low0.3·High2.8
ROE
↓
0.5%
↓+41% vs avg
5yr avg: 0.4%
30Y Low-9%·High13%
Debt/EBITDA
↓
9.29
↓-5% vs avg
5yr avg: 9.82
30Y Low3.9·High17.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AKR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Acadia Realty Trust trades at 233.3x earnings, 82% above its 5-year average of 128.1x, sitting at the 100th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.5x, the stock trades at a premium of 854%. On a free-cash-flow basis, the stock trades at 17.4x P/FCF, 33% below the 5-year average of 25.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.9B | $2.7B | $2.6B | $1.6B | $1.4B | $1.9B | $1.2B | $2.2B | $2.0B | $2.3B | $2.5B |
| Enterprise Value | $4.8B | $4.6B | $4.2B | $3.5B | $3.2B | $3.8B | $3.0B | $4.0B | $3.6B | $3.7B | $4.0B |
| P/E Ratio → | 233.26 | 216.21 | 127.16 | 84.95 | — | 83.96 | — | 103.72 | 62.53 | 37.48 | 34.77 |
| P/S Ratio | 7.07 | 6.55 | 7.27 | 4.78 | 4.16 | 6.54 | 4.89 | 7.56 | 7.50 | 9.15 | 13.18 |
| P/B Ratio | 1.11 | 1.03 | 1.03 | 0.76 | 0.60 | 0.89 | 0.60 | 1.00 | 0.94 | 1.03 | 1.15 |
| P/FCF | 17.39 | 16.12 | 43.45 | 18.78 | 18.31 | 32.21 | 11.80 | 24.84 | 21.85 | 19.97 | 24.01 |
| P/OCF | 17.39 | 16.12 | 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
AKR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Acadia Realty Trust's enterprise value stands at 23.1x EBITDA, 13% above its 5-year average of 20.4x. The Real Estate sector median is 16.7x, placing the stock at a 39% 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 | — | 11.14 | 11.66 | 10.44 | 9.73 | 13.09 | 12.00 | 13.87 | 13.60 | 14.82 | 21.00 |
| EV / EBITDA | 23.14 | 22.11 | 20.51 | 19.11 | 15.56 | 24.86 | 93.60 | 20.53 | 13.73 | 14.94 | 21.00 |
| EV / EBIT | 96.84 | 82.11 | 41.58 | 38.51 | 212.18 | 40.67 | 713.14 | 42.77 | 64.59 | 29.85 | 45.77 |
| EV / FCF | — | 27.39 | 69.69 | 41.01 | 42.83 | 64.48 | 28.97 | 45.56 | 39.64 | 32.36 | 38.27 |
AKR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Acadia Realty Trust earns an operating margin of 12.0%, below the Real Estate sector average of 26.0%. Operating margins have compressed from 14.5% to 12.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 0.5% is modest. ROIC of 0.9% represents below-average returns on invested capital.
Margins
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 | 50.5% | 50.5% | 68.8% | 68.0% | 68.8% | 66.2% | 60.9% | 69.5% | 68.8% | 69.0% | 73.7% |
| Operating Margin | 12.0% | 12.0% | 18.3% | 14.5% | 20.9% | 10.5% | -45.9% | 25.2% | 10.5% | 6.9% | 11.5% |
| Net Profit Margin | 3.3% | 3.3% | 6.0% | 5.9% | -10.9% | 8.1% | -3.6% | 18.5% | 12.0% | 24.6% | 38.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.5% | 0.5% | 0.9% | 0.9% | -1.6% | 1.1% | -0.4% | 2.5% | 1.5% | 2.8% | 3.9% |
| ROA | 0.3% | 0.3% | 0.5% | 0.5% | -0.8% | 0.6% | -0.2% | 1.3% | 0.8% | 1.5% | 2.1% |
| ROIC | 0.9% | 0.9% | 1.2% | 0.9% | 1.3% | 0.6% | -2.2% | 1.4% | 0.6% | 0.4% | 0.5% |
| ROCE | 1.1% | 1.1% | 1.6% | 1.2% | 1.7% | 0.8% | -2.9% | 1.8% | 0.7% | 0.5% | 0.6% |
AKR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Acadia Realty Trust carries a Debt/EBITDA ratio of 9.3x, which is highly leveraged (18% above the sector average of 7.9x). Net debt stands at $1.9B ($1.9B total debt minus $39M cash). Interest coverage of just 0.6x 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 | 0.63 | 0.91 | 0.82 | 0.90 | 0.88 | 0.84 | 0.78 | 0.67 | 0.72 |
| Debt / EBITDA | 9.29 | 9.29 | 7.80 | 10.45 | 8.99 | 12.55 | 56.05 | 9.42 | 6.24 | 6.02 | 8.21 |
| Net Debt / Equity | — | 0.72 | 0.62 | 0.90 | 0.81 | 0.89 | 0.87 | 0.84 | 0.77 | 0.64 | 0.68 |
| Net Debt / EBITDA | 9.10 | 9.10 | 7.72 | 10.36 | 8.91 | 12.44 | 55.47 | 9.34 | 6.16 | 5.72 | 7.83 |
| Debt / FCF | — | 11.27 | 26.24 | 22.23 | 24.51 | 32.27 | 17.16 | 20.72 | 17.79 | 12.39 | 14.26 |
| Interest Coverage | 0.58 | 0.58 | 1.09 | 0.98 | 0.19 | 1.38 | 0.06 | 1.36 | 0.79 | 2.11 | 2.52 |
AKR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.24x means Acadia Realty Trust can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.87x to 1.24x 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 | 1.24 | 1.24 | 1.87 | 0.87 | 0.89 | 1.45 | 0.90 | 1.19 | 1.86 | 2.13 | 3.56 |
| Quick Ratio | 1.24 | 1.24 | 1.87 | 0.87 | 0.89 | 1.45 | 0.90 | 1.19 | 1.86 | 2.13 | 3.56 |
| Cash Ratio | 0.15 | 0.15 | 0.19 | 0.15 | 0.06 | 0.08 | 0.08 | 0.08 | 0.15 | 0.43 | 0.53 |
| Asset Turnover | — | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 | 0.06 | 0.07 | 0.07 | 0.06 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
AKR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Acadia Realty Trust returns 3.5% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 746.2%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 0.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 3.5% | 3.8% | 2.9% | 4.2% | 4.8% | 2.1% | 4.1% | 4.3% | 4.5% | 4.3% | 3.6% |
| Payout Ratio | 746.2% | 746.2% | 352.5% | 345.0% | — | 167.6% | — | 174.8% | 282.7% | 161.9% | 125.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.4% | 0.5% | 0.8% | 1.2% | — | 1.2% | — | 1.0% | 1.6% | 2.7% | 2.9% |
| FCF Yield | 5.7% | 6.2% | 2.3% | 5.3% | 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 | 3.5% | 3.8% | 2.9% | 4.2% | 4.8% | 2.1% | 5.9% | 4.3% | 7.3% | 4.3% | 3.6% |
| Shares Outstanding | — | $131M | $108M | $95M | $95M | $88M | $86M | $84M | $83M | $84M | $77M |
Peer Comparison
Compare AKR with 10 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 | 233.3 | 23.1 | 17.4 | 50.5% | 12.0% | 0.5% | 0.9% | 9.3 |
 RPT | $112M | -41.0 | 19.9 | — | 84.4% | 73.7% | 0.5% | 3.1% | 19.1 |
 KRG | $5B | 19.3 | 15.3 | 19.5 | 53.3% | 23.1% | 9.0% | 2.3% | 5.9 |
 SITC | $295M | 1.7 | 0.8 | 15.0 | — | 171.7% | 41.8% | 27.2% | — |
 REG | $14B | 28.0 | 20.7 | 36.7 | 44.7% | 37.0% | 7.5% | 3.5% | 6.1 |
 KIM | $16B | 28.7 | 17.8 | 20.8 | 54.7% | 35.2% | 5.5% | 3.0% | 6.3 |
 FRT | $10B | 24.4 | 18.1 | 30.5 | 9.7% | 35.9% | 11.9% | 4.2% | 6.1 |
 BRX | $9B | 24.2 | 16.1 | 14.3 | 75.2% | 36.7% | 12.9% | 4.6% | 6.4 |
 PECO | $5B | 45.3 | 16.3 | 23.9 | -1.4% | 27.2% | 4.3% | 3.0% | 5.4 |
 NNN | $9B | 21.6 | 15.9 | 12.8 | 38.0% | 61.5% | 8.9% | 4.8% | 5.8 |
 SPG | $67B | 14.5 | 20.6 | — | 85.7% | 49.9% | 89.6% | 7.6% | 6.4 |
| Real Estate Median | — | 24.5 | 16.7 | 15.6 | 52.1% | 26.0% | 3.5% | 3.0% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonAKR — Frequently Asked Questions
Quick answers to the most common questions about buying AKR stock.
What is Acadia Realty Trust's P/E ratio?
Acadia Realty Trust's current P/E ratio is 233.3x. The historical average is 39.4x. This places it at the 100th percentile of its historical range.
What is Acadia Realty Trust's EV/EBITDA?
Acadia Realty Trust's current EV/EBITDA is 23.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.3x.
What is Acadia Realty Trust's ROE?
Acadia Realty Trust's return on equity (ROE) is 0.5%. The historical average is 3.7%.
Is AKR stock overvalued?
Based on historical data, Acadia Realty Trust is trading at a P/E of 233.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Acadia Realty Trust's dividend yield?
Acadia Realty Trust's current dividend yield is 3.49% with a payout ratio of 746.2%.
What are Acadia Realty Trust's profit margins?
Acadia Realty Trust has 50.5% gross margin and 12.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Acadia Realty Trust have?
Acadia Realty Trust's Debt/EBITDA ratio is 9.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.