AKR · Acadia Realty Trust

$22.59 +0.45 (+2.03%)

Market Cap

$2.96B

133.52M

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue

$410.76M +14.2%

FY2025

Net Income

$16.9M -22%

FY2025

Operating Margin

12.03% -6.2pp

FY2025

Diluted EPS

$0.10 -47.4%

FY2025

Operating Cash Flow

$166.98M +18.9%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow Adjusted All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2026 (G)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Revenue	+8.0%	+10.4%	+7.5%	—	—	$410.76M	$359.69M	$338.69M	$326.29M	$292.5M	$250.91M	$289.59M	$259.68M	$248.55M	$189.94M	$199.06M	$179.68M	$168.29M	$114.99M	$97.86M	$116.39M	$134.45M
Rental Operating Expenses	+7.8%	+5.2%	+9.7%	—	$71.4M	$71.43M	$66M	$61.83M	$57M	$53.52M	$55.55M	$49.9M	$43.54M	$39.96M	$24.24M	$28.42M	$24.83M	$21.03M	$17.43M	$13.42M	$19.51M	$28.14M
General & Administrative	+1.2%	+5.0%	+4.2%	—	$49.37M	$45.66M	$40.56M	$41.47M	$44.07M	$40.13M	$35.8M	$34.3M	$34.34M	$33.76M	$40.65M	$30.37M	$27.43M	$25.56M	$21.22M	$23M	$20.21M	$22.01M
Depreciation & Amortization	+5.0%	+1.4%	+10.0%	—	$158.17M	$157.46M	$138.91M	$135.98M	$135.92M	$123.44M	$147.23M	$122.58M	$117.55M	$104.93M	$70.01M	$60.75M	$49.65M	$43.07M	$38.77M	$33.68M	$34.5M	$33.52M
Impairment of Real Estate	+3.8%	-12.6%	+22.2%	—	—	$37.21M	$1.35M	$3.69M	$33.31M	$9.93M	$72.84M	—	—	—	$0	$5M	$0	$8.18M	$0	$6.93M	$0	$0
Total Operating Expenses	+14.6%	+14.5%	+10.0%	—	$319.11M	—	—	—	—	—	—	$253.05M	$232.14M	$231.23M	$168.05M	$154.6M	$128.75M	$113.91M	$87.23M	$72M	$77.14M	$97.83M
Total Costs & Expenses	+4.9%	-0.2%	—	—	$361.41M	$363.85M	$293.2M	$289.62M	$315.22M	$272.36M	$366.65M	$246.83M	$232.14M	—	—	—	—	—	—	—	—	—
Operating Income	-10.2%	—	+1.1%	—	$192.61M	$49.43M	$65.66M	$49.08M	$68.23M	$30.66M	-$115.06M	$73.08M	$32.68M	$66.21M	$21.89M	$44.46M	$50.93M	$54.38M	$27.76M	$25.86M	$39.25M	$36.62M
Operating Margin	—	—	—	—	—	12.03%	18.25%	14.49%	20.91%	10.48%	-45.86%	25.24%	12.59%	26.64%	11.52%	22.34%	28.35%	32.31%	24.14%	26.42%	33.72%	27.23%
EBITDA	+0.4%	+45.1%	+7.0%	—	$350.79M	$206.88M	$204.57M	$185.06M	$204.15M	$154.1M	$32.17M	$195.66M	$150.23M	$171.14M	$91.9M	$105.21M	$100.58M	$97.45M	$66.52M	$59.54M	$73.75M	$70.14M
Interest Income	+17.4%	+21.4%	—	—	$22.41M	$23.72M	$25.09M	$19.99M	$14.64M	$9.07M	$8.98M	$7.99M	$13.23M	$29.14M	$25.83M	—	—	—	$148K	$276K	$406K	$642K
Other Non-Operating Income	—	—	—	—	—	—	—	—	—	—	—	—	—	—	$0	$1.6M	$2.72M	—	—	—	—	—
Gain on Sales of Real Estate	-64.7%	+29.8%	—	—	$144.66M	$2.52M	-$834K	$0	$57.16M	$10.52M	$683K	$30.32M	$5.14M	$48.89M	$81.97M	—	—	—	—	—	—	—
Equity in Earnings of Unconsolidated Entities	—	—	—	—	-$7.51M	-$7.71M	$15.18M	-$7.68M	-$32.91M	$5.33M	-$3.06M	$5.9M	$9.3M	$23.37M	$39.45M	$37.33M	$111.58M	$12.38M	$550K	$1.56M	$12.45M	-$1.53M
Investment Income (Loss)	—	—	—	—	-$2.33M	-$96K	-$5.01M	$30.41M	-$34.99M	$49.12M	$113.36M	$6.95M	—	—	—	—	—	—	—	—	—	—
Pretax Income	—	—	—	—	$111.07M	-$39.6M	$8.35M	-$1.45M	-$65.24M	$26.12M	-$65.45M	$24.7M	-$14.76M	$65.31M	$52.52M	—	—	—	—	—	—	—
Income Tax	+225.0%	+8.9%	-13.6%	—	$308K	$412K	$212K	$301K	$12K	$93K	$269K	$1.47M	$934K	$1M	-$105K	$1.79M	$629K	$19K	-$574K	$461K	$2.87M	$1.54M
Net Income	—	—	-12.7%	—	$167.66M	$16.9M	$21.65M	$19.87M	-$65.25M	$26.03M	-$65.72M	$23.23M	-$15.7M	$64.31M	$72.78M	$65.71M	$71.06M	$44.64M	$89.94M	$53.72M	$50.67M	$12.71M
Net Margin	—	—	—	—	—	4.11%	6.02%	5.87%	-20%	8.9%	-26.19%	8.02%	-6.05%	25.87%	38.32%	33.01%	39.55%	26.53%	78.21%	54.89%	43.53%	9.45%
Net Income Attributable to Noncontrolling Interests	—	—	—	—	$69.58M	-$51.35M	-$5.6M	-$13.38M	-$24.27M	$2.48M	-$56.74M	-$30.48M	-$47.14M	$2.84M	$61.82M	$84.26M	$81.08M	$4.53M	$50.23M	$2.16M	$20.61M	-$18.43M
Net Income Available to Common Stockholders	—	—	-12.7%	—	$45.77M	$16.9M	$21.65M	$19.87M	-$35.45M	$23.55M	-$8.98M	$53.72M	$31.44M	$61.47M	$72.78M	$65.71M	$71.06M	$40.12M	$39.71M	$51.56M	$30.06M	$31.13M
Comprehensive Income	—	—	—	—	$38.76M	-$6.17M	$27.86M	$5.5M	$47.59M	$62.23M	-$52.39M	$21.73M	$29.34M	$64.88M	$76.44M	$65.25M	$65.93M	$45.55M	$39.31M	$50.5M	$30.19M	$32.65M
EPS (Basic) USD/shares	—	—	-20.1%	—	—	$0.10	$0.19	$0.20	-$0.38	$0.26	-$0.11	—	—	—	$0.94	$0.94	$1.18	$0.72	$0.85	$1.25	$0.73	$0.82
EPS (Diluted) USD/shares	—	—	-20.1%	$0.40 – $0.41	—	$0.10^G	$0.19^G	$0.20^G	-$0.40^G	$0.26^G	-$0.11^G	—	—	—	—	$0.94	$1.18	$0.72	$0.85	$1.25	$0.73	$0.82
Shares Outstanding (Diluted Avg) shares	+10.8%	+8.3%	+6.4%	—	—	128.66M	108.26M	95.28M	94.64M	87.65M	86.44M	84.44M	82.08M	83.69M	76.24M	68.87M	59.43M	54.96M	45.89M	40.72M	40.41M	38.24M

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2025: $62.99M in buybacks, $1.08B in dividends.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

—

EV/EBIT

—

P/E (TTM)

71.42×

Peer median 25.73×

P/FFO (FY2025)

16.42×

Peer median 17.19×

Peer medians compare against the 23 similar-size REIT - Retail companies (of 27 listed).

P/FFO uses the company-stated “FFO Before Special Items attributable to Common Shareholder and Common OP Unit holders”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Core Portfolio	$203,545,000	$202,547,000	$181,332,000	$160,262,000	$173,177,000	$166,816,000	$168,795,000
Opportunity Funds	$135,147,000	$123,743,000	$111,165,000	$90,646,000	$116,408,000	$92,865,000	$79,757,000
Structured Financing	$0	$0	$0	$0	—	$0	$0

By Product & Service (USD)

Component	FY2025	FY2024	FY2023	FY2020	FY2019	FY2018	FY2017
Real Estate Other	$8,621,000	$10,159,000	$5,648,000	$4,482,000	$4,137,000	$5,173,000	$6,414,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
REIT Portfolio	$84,264,000	$62,142,000	$62,521,000	—	—	—	—	—
Opportunity Funds	$10,826,000	$44,076,000	$28,025,000	$38,424,000	$10,897,000	-$105,910,000	$26,280,000	$5,171,000
Structured Financing	$0	$0	$0	$0	$0	$0	$0	$0
Core Portfolio	—	$62,142,000	$62,521,000	$73,872,000	$59,884,000	$26,646,000	$81,097,000	$61,853,000

Operating Margin by Segment (%)

Component	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Core Portfolio	30.7%	36.5%	33%	16.6%	46.8%	37.1%
Opportunity Funds	20.7%	31.1%	9.8%	-116.8%	22.6%	5.6%

Key facts CIK 899629 CUSIP 004239109 13F (30d) 62 filings 37 filers Visit website Investor relations