ACADIA REALTY TRUST AKR

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

Acadia Realty Trust (the "Trust", and collectively with its consolidated subsidiaries, the "Company", "Acadia", "we", "us" or "our") is a fully-integrated, Maryland-formed equity REIT focused on the ownership, acquisition, development, and management of high-quality retail properties located primarily in high-barrier-to-entry, supply-constrained, densely populated metropolitan areas in the United States. Acadia owns and operates a core real estate portfolio of street and open-air retail properties in the nation's most dynamic corridors ("REIT Portfolio"), along with an investment management platform that targets opportunistic and value-add investments through its institutional co-investment vehicles ("Investment Management").

Last close 18.78 2026-10-23
Market cap $2.58B 2026-06-30 share count
52-week range 17.96 - 23.03

Valuation FY2025 figures against the last close

P/S6.3x
P/E187.8x
P/FCF15.4x
EV/EBITDA21.3x
Dividend yield3.9%
Diluted EPS0.10

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $410.8M$359.7M$338.7M$326.3M$292.5M$250.9M$289.6M$259.7M$248.6M$189.9M
SG&A $45.7M$40.6M$41.5M$44.1M$40.1M$35.8M$34.3M$34.3M$33.8M$40.6M
Total operating expenses $363.8M$293.2M$289.6M$315.2M$272.4M$366.7M$246.8M$232.1M$231.2M$168.1M
Operating income $49.4M$65.7M$49.1M$68.2M$30.7M-$115.1M$73.1M$32.7M$66.2M$21.9M
Pre-tax income -$39.6M$8.4M-$1.4M-$65.2M$26.1M-$65.4M$24.7M-$14.8M$65.3M$52.5M
Income tax $412.0K$212.0K$301.0K$12.0K$93.0K$269.0K$1.5M$934.0K$1.0M$105.0K
Net income $16.9M$21.6M$19.9M-$65.3M$26.0M-$65.7M$23.2M-$15.7M$64.3M$134.6M
EPS, basic 0.100.190.20-0.380.26-0.11———0.94
EPS, diluted 0.100.190.20-0.400.26-0.110.630.380.730.94
Shares, diluted (wtd. avg.) 128.7M108.3M95.3M94.6M87.7M86.4M84.4M82.1M83.7M76.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $38.8M$16.8M$17.5M$17.2M$17.7M$18.7M$14.1M$20.1M$74.8M$71.8M
Other intangibles $128.2M$86.9M$100.6M$102.4M$108.9M$100.4M$116.8M$115.9M$127.6M$114.6M
Total assets $4.84B$4.37B$4.29B$4.30B$4.26B$4.13B$4.25B$3.96B$3.96B$4.00B
Long-term debt $1.86B$1.54B$1.87B$1.79B$1.81B$1.71B$1.71B$1.55B$1.42B$1.49B
Total liabilities $2.21B$1.84B$2.16B$2.05B$2.11B$2.08B$2.12B$1.88B$1.74B$1.82B
Retained earnings -$500.7M-$409.4M-$349.1M-$300.4M-$196.6M-$167.3M-$133.0M-$89.7M-$32.0M-$5.6M
Total equity $2.23B$2.07B$2.08B$2.18B$2.15B$2.05B$2.19B$2.08B$2.22B$2.18B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $167.0M$140.4M$155.8M$133.2M$105.0M$103.9M$131.4M$96.1M$114.7M$109.8M
Depreciation and amortisation $157.5M$138.9M$136.0M$135.9M$123.4M$147.2M$122.6M$117.5M$104.9M$70.0M
Stock-based compensation $11.6M$12.8M$12.8M$11.1M$12.4M$10.9M$10.0M$12.9M$11.2M$13.7M
Capital expenditure ————————$108.1M$149.4M
Investing cash flow -$450.5M-$170.7M-$208.5M-$124.2M-$198.5M-$100.9M-$410.5M-$136.6M$4.1M-$613.6M
Financing cash flow $300.7M$44.6M$45.9M-$4.4M$91.3M-$1.3M$274.0M-$10.3M-$127.8M$488.4M
Dividends paid $101.3M$76.3M$68.6M$64.6M$39.5M$50.2M$93.9M$88.9M$99.5M$91.3M
Buybacks ———————$55.1M——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-051677.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M Revenue, FY2016: 189.9M Net income, FY2016: 134.6M Revenue, FY2017: 248.6M Net income, FY2017: 64.3M Revenue, FY2018: 259.7M Net income, FY2018: -15.7M Revenue, FY2019: 289.6M Net income, FY2019: 23.2M Revenue, FY2020: 250.9M Net income, FY2020: -65.7M Revenue, FY2021: 292.5M Net income, FY2021: 26M Revenue, FY2022: 326.3M Net income, FY2022: -65.3M Revenue, FY2023: 338.7M Net income, FY2023: 19.9M Revenue, FY2024: 359.7M Net income, FY2024: 21.6M Revenue, FY2025: 410.8M Net income, FY2025: 16.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $189.9M $248.6M $259.7M $289.6M $250.9M $292.5M $326.3M $338.7M $359.7M $410.8M
Gross profit — — — — — — — — — —
Net income $134.6M $64.3M -$15.7M $23.2M -$65.7M $26.0M -$65.3M $19.9M $21.6M $16.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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