Acadia Realty Trust (AKR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Acadia Realty Trust

NYSE•Real Estate•REIT - Retail

$19.39-0.02(<0.01%)Market open

Market Cap

$2.58B

P/E

12.2x

P/S

4.7x

P/B

1.1x

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth. Acadia owns and operates a high-quality real estate portfolio of street and open-air retail properties in the nation's most dynamic retail corridors, along with an investment management platform that targets opportunistic and value-add investments through its institutional co-investment vehicles. Acadia Realty Trust was established in 1993 and was incorporated in Maryland.

How this company scores

GoodMetricSide Score: 60/100

Strongest: Growth (21/25); weakest: Cash & Earnings Quality (5/25).

Profitability18/25

Growth21/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality5/25

Strengths

Growing revenueStrong marginsRising earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 12.2x5y range 12.2x – 985.4x

Currently below its 10-quarter median.

P/S · 4.7x5y range 4.7x – 1900.6x

Currently below its 17-quarter median.

P/B · 1.1x5y range 1.1x – 1.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 7 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $2.58B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $548.03M
Q. Revenue: $95.42M
TTM EBITDA: $368.59M
TTM Op. Income: $214.53M
Q. Op. Income: $22.67M
TTM Net Income: $211.44M
Q. Net Income: $22.83M
EPS: $0.05
Shares Out.: $133.63M

$548.03M in TTM revenue grew 572.6% YoY, reaching $95.42M last quarter. TTM EBITDA of $368.59M and TTM operating income of $214.53M show growth is flowing through to the bottom line. TTM net income of $211.44M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 60.6%
Op. Margin: 23.8%
Net Margin: 23.9%

Op. margin of 23.8% is up 21.1% YoY — cost efficiency is improving. Net margin at 23.9% Over the past year, operating margin is up 807% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 12.2x
P/S Ratio: 4.7x
P/B Ratio: 1.1x

At 12.2x P/E, the stock trades below typical market levels. P/S of 4.7x and P/B of 1.1x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 5 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.62B
Cash: $32.96M
Long-Term Debt: $1.64B
Book Value: $2.34B
D/E Ratio: 0.7
Debt/EBITDA: 28.3

With $4.62B in assets and $1.64B in long-term debt, D/E is 0.7and book value is $2.34B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $58.25M
TTM Free Cash Flow: $-92.67M
FCF Margin: -16.9%
FCF / Net Income: -0.4

TTM FCF of $-92.67M on $58.25M in operating cash flow. The FCF / Net Income ratio of -0.4x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.