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AKR

Acadia Realty Trust

AKR

Acadia Realty Trust • NYSE
$20.56 ▲ 0.34% (+0.07)
Market Cap $2.69 B
52w High $26.29
52w Low $16.98
Dividend Yield 0.79%
P/E 158.15
Volume 462.84K
Outstanding Shares 131.03M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $101.006M ▲ $59.863M ▼ $5.618M ▲ 5.562% ▲ $0.03 ▲ $52.235M ▲
Q2-2025 $100.592M ▼ $68.991M ▲ $1.963M ▲ 1.951% ▲ $0.012 ▲ $42.142M ▼
Q1-2025 $104.394M ▲ $57.487M ▲ $1.608M ▼ 1.54% ▼ $0.011 ▼ $51.146M ▼
Q4-2024 $93.334M ▲ $47.657M ▲ $8.524M ▲ 9.133% ▼ $0.075 ▲ $58.264M ▼
Q3-2024 $87.745M $44.715M $8.414M 9.589% $0.075 $70.132M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $53.89M ▲ $4.875B ▼ $2.21B ▲ $2.246B ▼
Q2-2025 $53.688M ▲ $4.876B ▲ $2.148B ▲ $2.269B ▼
Q1-2025 $48.523M ▲ $4.736B ▲ $1.947B ▲ $2.298B ▲
Q4-2024 $31.577M ▼ $4.371B ▲ $1.839B ▼ $2.066B ▲
Q3-2024 $63.71M $4.276B $1.866B $1.927B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-10.955M ▲ $34.295M ▼ $-35.737M ▲ $8.668M ▼ $7.226M ▼ $34.295M ▼
Q2-2025 $-20.942M ▼ $64.807M ▲ $-198.676M ▼ $145.374M ▼ $11.505M ▼ $64.807M ▲
Q1-2025 $1.269M ▲ $25.893M ▼ $-188.033M ▼ $178.741M ▲ $16.601M ▲ $6.283M ▼
Q4-2024 $1.16M ▼ $37.872M ▼ $-120.53M ▼ $53.066M ▲ $-29.592M ▼ $37.872M ▼
Q3-2024 $12.254M $44.557M $-70.109M $39.793M $14.241M $85.97M

Revenue by Products

Product Q4-2023Q1-2024Q2-2024Q3-2024
Core Portfolio
Core Portfolio
 $50.00M ▲$50.00M ▲$50.00M ▲$50.00M ▲
Opportunity Funds
Opportunity Funds
 $40.00M ▲$40.00M ▲$40.00M ▲$40.00M ▲
Structured Financing
Structured Financing
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been climbing steadily over the past few years, and property-level profitability has improved as well. Operating results have clearly recovered from the pandemic shock, with margins moving in the right direction. That said, bottom-line earnings have been a bit uneven, swinging between small losses and modest profits, which suggests that one-time items, financing costs, or property sales can still move reported net income around. Overall, the core business trend looks healthier than the headline earnings volatility might suggest.

Balance Sheet

Balance Sheet The balance sheet looks relatively stable, with the overall asset base creeping up over time and no dramatic shifts in size. Debt had been elevated but now appears to be edging down, while equity has grown, which points to a somewhat stronger capital position and slightly lower leverage than a few years ago. Cash on hand is fairly thin, which is common for REITs but means ongoing access to credit and capital markets remains important. In short, the financial foundation seems sound but still reliant on disciplined debt management in a higher-rate world.

Cash Flow

Cash Flow Cash coming in from the properties has been steady and gradually improving, which is a good sign of underlying portfolio health. Free cash flow has generally tracked operating cash flow closely, even as investment spending on properties has picked up, indicating that the trust is funding its capital needs without overly straining its day-to-day cash generation. This pattern suggests that, despite noisy earnings, the real estate is producing consistent, cash-based returns that support ongoing operations and reinvestment.

Competitive Edge

Competitive Edge Acadia competes as a focused retail REIT with a concentration in prime, supply-constrained urban corridors rather than broad suburban shopping centers. Its strength lies in hard-to-replicate locations, strong relationships with retailers, and an ability to reposition and redevelop properties to capture higher rents. The dual structure—owning a core portfolio while also managing opportunistic funds—gives it more tools to act across market cycles than many single-track peers. The flip side is a meaningful exposure to urban retail health, changes in consumer behavior, and the fortunes of a narrower geographic and asset niche.

Innovation and R&D

Innovation and R&D Innovation here is mostly strategic rather than technological. The dual-platform model, “buy-fix-sell” investment funds, and active tenant curation are the main levers, allowing Acadia to recycle capital and unlock value from underperforming assets. On the operational side, the trust is leaning into energy efficiency, renewable power, and emissions reduction, which can appeal to both tenants and capital providers. Its pipeline of mixed-use and street-retail redevelopment projects, along with a growing institutional investment platform, shows a willingness to adapt the portfolio and business model as retail and urban patterns evolve.

Summary

Acadia looks like a REIT that has largely worked through the worst of the pandemic period and is now on a steadier growth path, especially in terms of revenue and cash generation. Earnings can still be lumpy, but the underlying operations appear more consistent than the net income line implies. The balance sheet has been nudged into a somewhat stronger position, though debt costs and access to capital remain key watchpoints. Its competitive edge rests on irreplaceable urban locations, an active management style, and a flexible dual-platform structure, all of which offer upside but also concentrate risk in higher-end urban retail markets and successful execution on redevelopment and capital recycling.

NEWS

November 13, 2025 · 4:15 PM UTC

Acadia Realty Trust to Present at Jefferies Real Estate Conference

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November 6, 2025 · 5:19 PM UTC

Acadia Realty Trust Announces $0.20 Per Share Quarterly Dividend

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October 28, 2025 · 4:15 PM UTC

Acadia Realty Trust Reports Third Quarter Operating Results

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October 27, 2025 · 1:36 PM UTC

GreenMars Real Estate and Acadia Realty Partners Welcome First Homeowners to Wilbur's Woods in Brunswick, Maine

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September 30, 2025 · 4:30 PM UTC

Acadia Realty Trust to Announce Third Quarter 2025 Earnings on October 28, 2025

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